Business & FinanceTop StoryTop StoryLatest News
Mphasis Targets Low Double-Digit Growth in FY27 Driven by AI Demand
Sentiment: NeutralHigh Priority
What Happened?
Mphasis anticipates low double-digit growth for FY27, supported by a strong deal pipeline despite economic uncertainties. The company reported a 9.7% growth in constant currency for Q2.
Key points
- Mphasis expects low double-digit growth for FY27.
- The company reported 9.7% growth in constant currency for Q2.
- Revenue in dollar terms increased by 9.2%.
- The deal pipeline grew by 23% year-on-year.
- 66% of quarterly deals were AI-led, totaling $466 million.
Key insights
- The focus on AI-driven deals may reshape revenue streams for IT companies.
- Short-cycle deals are becoming increasingly important for sustaining growth.
- Adoption of AI across various business functions could open new market opportunities.
Why it matters
Mphasis's growth could indicate resilience in the IT sector amid economic challenges.
Tags
Entities
Mphasis· CompanyNitin Rakesh· Person
Source
Business Standard
