IT services provider MphasiS, an EDS company, is reported to have won a clutch of contracts worth $50 million (around Rs 250 crore) from US companies in the areas of systems integration and infrastructure technology outsourcing (ITO).
“The contracts reflect the resolve of American companies to strengthen their technology associations with Indian IT companies. The possibilities for offering integrated IT-BPO services on some of these contracts is high,” a source said. The ITO division is currently MphasiS’ fastest growing business with over 4,500 people servicing over 50 clients globally.
Over 28,300 people are on MphasiS’ rolls currently, servicing clients in the financial services, consumer, healthcare, government, transportation and retail industries. The company posted a consolidated net profit after tax of Rs 295 crore for the seven-month period ending October 2008, from Rs 140 crore posted in the corresponding period a year ago. Revenues in the April-October period touched Rs 1,907 crore as against Rs 1,353 crore posted a year earlier.
MphasiS’ blue chip clients include JP Morgan Chase, Royal Bank of Scotland, Fedex, Merrill Lynch and Citi. The company has said that it witnessed record EPS growth of 111 per cent in 2008 with operating profit increasing 72 per cent.
Wednesday, February 25, 2009
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment