Mphasis records highest ever Total Contract Value (TCV) wins of USD 760 Million in Q1 FY 2026

Gross Revenue grew 9.2% YoY on reported basis

Mphasis Limited (BSE - 526299; NSE - MPHASIS), an Information Technology (IT) solutions provider specialising in cloud and cognitive services, today announced its financial results for the quarter ended 30^th June 2025.

Quarter ended 30^th June 2025

• Gross Revenue grew 0.4% QoQ and 9.2% YoY in Q1 FY26 on a reported basis and grew 1.0% QoQ and 6.5% YoY in Constant Currency

• Direct revenue grew 1.1% QoQ and 10.9% YoY on reported basis and grew 1.6% QoQ and 8.1% YoY in Constant Currency

• New TCV wins USD 760 million in Direct, of which 82% in new-gen services

• Reported operating margin at 15.3%

• Net profit declined 1.1% QoQ and grew 9.2% YoY to ₹ 4,417 million

• EPS declined 1.2% QoQ and grew 8.5% YoY to ₹ 23.2.

“We were early adopters and implementers of AI based solutions for our clients, which has positioned us well to help with their AI journey, create efficiencies, cost-savings and minimise project risks, while at the same time, accelerating our business. This is reflected in our highest-ever quarterly TCV of USD 760 million, of which 68% is AI-led. Overall, it is a good start to the new financial year, that sets the stage for the year ahead,” said Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis.

Deal wins

• A leading Asset Services firm has chosen Mphasis to transform Wealth & Investment Management Engineering Platform support, leveraging AI to deliver Savings Led Transformation thesis

• A Large North American Life insurance company has chosen Mphasis as their sole provider to consolidate ADMS vendors to achieve alignment to a new Operating model, Managed outcome-based delivery, improved Performance and Service Quality and predictable cost while driving significant savings. Mphasis will be deploying its Neo Suite of AI platforms as a part of this transaction

• A large US Financial Services company has chosen Mphasis to enhance liquidity management through intelligent forecasting, anomaly detection, and automated decision support. Mphasis’ services include integration, data migration, workflow customisation, and AI set up to enable real-time cash visibility and improved working capital

• A large Financial Services company has chosen Mphasis to automate API discovery, optimise routing, and detect integration issues early. The API Factory supports standardised, reusable APIs that accelerate partner onboarding and enable real-time data exchange across the financial ecosystem.

Awards and Recognitions

• Mphasis won the 2025 Cybersecurity Excellence Awards by Cybersecurity Insiders in the Identity and Access Management category

• Mphasis won Innovation of the Year at 2025 Flexera Technology Intelligence Awards for global software deployment and compliance workflow automation.

Analyst Positioning

• Mphasis mentioned in Gartner's Market Guide for U.S. Healthcare Provider Credentialing

• Mphasis mentioned in Gartner's Market Guide for Quality Engineering Services

• Mphasis featured in Forrester’s The AI Technical Services Landscape, Q2 2025 | Forrester

• Mphasis recognised as ‘Leader’ in Everest Group’s Group Life Insurance and Benefits Core Technology Products PEAK Matrix® Assessment 2025 – North America - Everest Group Research Portal

• Mphasis recognised as ‘Leader’ in Everest Group’s Banking, Financial Services, and Insurance (BFSI) IT Services Specialists PEAK Matrix® Assessment 2025 - Everest Group Research Portal

• Mphasis recognised as ‘Major Contender' in Everest Group’s Intelligent Process Automation (IPA) Solutions PEAK Matrix® Assessment 2025 - Everest Group Research Portal

• Mphasis recognised as ‘Major Contender' in Everest Group’s Talent Readiness for Next-generation Application Services PEAK Matrix® Assessment 2025 - Everest Group Research Portal

• Mphasis recognised as ‘Major Contender' in Everest Group’s Microsoft Modern Work Services PEAK Matrix® Assessment 2025 - Everest Group Research Portal

• Mphasis in the Horizon 1 category in HFS Horizons: Insurance Services, 2025 - HFS Research.

About Mphasis

Mphasis’ purpose is to be the “Driver in Driverless Car” for Global Enterprises by applying next-generation design, architecture, and engineering services, to deliver scalable and sustainable software and technology solutions. Customer centricity is foundational to Mphasis, and is reflected in the Mphasis’Front2Back™ Transformation approach. Front2Back™ uses the exponential power of cloud and cognitive to provide hyper-personalized (C=X2C2^TM=1) digital experience to clients and their end customers. Mphasis’ Service Transformation approach helps ‘shrink the core’ through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis’ core reference architectures and tools, speed and innovation with domain expertise and specialisation, combined with an integrated sustainability and purpose-led approach across its operations and solutions are key to building strong relationships with marquee clients. (BSE: 526299; NSE: MPHASIS)

Reach out to us at the PR Desk

Read more on our ​Partner sites: Dais World | The Progress Catalyst

Get rewarded for your reading habits on the Dais World app!

#Mphasis #Q1FY26