Mphasis Q4 profit falls 2.9%, revenue up 1.5% YoY
By
Biju Kumar
Mid-sized IT services firm Mphasis has reported a 2.9% dip in net profit at Rs 393.22 crore as against Rs 405.31 crore in the year ago quarter.
The fall in profit was largely driven by a 10% YoY degrowth in its banking, financial services (BFS) segment, which constitutes nearly half of its revenues.