Bengaluru: Mphasis Limited (BSE: 526299; NSE: MPHASIS), a leading provider of cloud and cognitive IT services, reported its highest-ever Total Contract Value (Mphasis TCV) of USD 760 million in the first quarter of FY26, marking a strong start to the fiscal year.
The company continues to deepen its focus on AI-powered services, which contributed to 68% of the Mphasis TCV wins in the quarter ended June 30, 2025.
Also Read: The Forrester Wave Names Mphasis Contender in Application Modernization and Multicloud Services
Financial Highlights – Q1 FY26:
- Gross Revenue: ₹34,950 million; grew 9.2% YoY and 0.4% QoQ (reported)
- Constant Currency Revenue Growth: 6.5% YoY and 1.0% QoQ
- Direct Revenue: ↑10.9% YoY, ↑1.1% QoQ (reported); ↑8.1% YoY in constant currency
- Operating Margin: 15.3%
- Net Profit: ₹4,417 million; ↑9.2% YoY
- EPS: ₹23.2; ↑8.5% YoY
“Our early investments in AI are enabling us to deliver exceptional client outcomes. With 68% of our record USD 760 million TCV led by AI-driven deals, Mphasis is well-positioned to help clients transform through intelligent, secure, and scalable digital ecosystems,” said Nitin Rakesh, CEO and MD, Mphasis.
Mphasis TCV: Key Deal Wins
- Wealth & Investment Management Platform for a global asset services firm using AI-led transformation.
- Vendor Consolidation & Outcome-Based Delivery for a North American life insurer, powered by Mphasis’ Neo Suite of AI platforms.
- Liquidity Management Enhancement for a U.S.-based financial services giant, leveraging AI for forecasting and real-time insights.
- API Factory Deployment for a financial institution to support scalable, secure partner integrations.
Awards & Recognition:
- Cybersecurity Excellence Awards 2025 – Identity & Access Management
- Flexera Technology Intelligence Awards 2025 – Innovation of the Year
Analyst Positioning:
- Featured in Gartner’s Market Guides for U.S. Healthcare and Quality Engineering Services
- Recognized by Forrester in The AI Technical Services Landscape, Q2 2025
