Mphasis announced the election of Jan Kathleen Hier, the Company's Independent Director since December 2015, as the Chairperson of the Board, effective 1 October 2024. Hier succeeds Davinder Singh Brar, who retires effective 30 September 2024, consequent to successful completion of term, as an Independent Director, approved by the shareholders. Hier previously served as a partner at a start-up and as Executive Vice President at Charles Schwab, where she led centralized support services, including Schwab Technology Services, Operational Services, Corporate Project Management, Operational Risk Management, and Offshore Services. During her tenure at Schwab, she also held several senior leadership positions, including Chief Information Officer, Executive Vice President of Human Resources, and Head of Electronic Brokerage Technology.Powered by Capital Market - Live

Mphasis will hold a meeting of the Board of Directors of the Company on 16 October 2024.Powered by Capital Market - Live

Mphasis Ltd fell 3.84% today to trade at Rs 3055.8. The BSE Information Technology index is down 0.96% to quote at 43540.99. The index is up 3.92 % over last one month. Among the other constituents of the index, Oracle Financial Services Software Ltd decreased 2.27% and Zaggle Prepaid Ocean Services Ltd lost 1.87% on the day. The BSE Information Technology index went up 31.12 % over last one year compared to the 22.77% surge in benchmark SENSEX. Mphasis Ltd has added 2.61% over last one month compared to 3.92% gain in BSE Information Technology index and 3.18% rise in the SENSEX. On the BSE, 3368 shares were traded in the counter so far compared with average daily volumes of 19567 shares in the past one month. The stock hit a record high of Rs 3186.95 on 17 Sep 2024. The stock hit a 52-week low of Rs 2068.45 on 26 Oct 2023.Powered by Capital Market - Live

Mphasis announced the appointment of Ajay Arya as Head of Mergers & Acquisitions (M&A). Ajay will be based in New York and lead the entire process, including strategy, evaluation, deal sourcing, negotiation, diligence management and post-merger integration.Powered by Capital Market - Live

Mphasis has allotted 53,645 equity shares under ESOP 2016 and 462 equity shares under RSU 2021 on 16 September 2024. Powered by Capital Market - Live

Mphasis announced the opening of its Innovation Hub for Mphasis Europe in London's iconic Tower 42 building. This strategic hub signifies Mphasis' commitment to pioneering Quantum technologies within the UK and globally. The facility will serve as a Centre of Excellence (CoE) for developing cutting-edge Quantum Computing, Quantum Cryptography and Artificial Intelligence (AI) solutions. These solutions will address critical industry challenges such as algorithmic underwriting, catastrophic risk modelling, and fraud detection. Mphasis' expertise will empower businesses in the UK and worldwide to leverage the transformative power of Quantum technologies. The UK has already established itself as a global leader in quantum technologies. Government's investment in the field has been doubled to '2.5 billion over the next ten years. Recognising its immense potential, the UK has prioritised quantum technologies alongside other key advancements including AI, engineering biology, semiconductors, and future telecoms. Mphasis has steadily expanded its UK presence over the past years and aims to double the headcount over the next three years through the London innovation hub which marks the next chapter in this commitment. The centre will be a magnet for top local and international tech talent, fostering collaboration and driving innovation across diverse industries including banking, financial services, and insurance. This strategic move positions Mphasis to leverage the UK's rich talent pool, address evolving client needs and thrive within a supportive technological ecosystem.Powered by Capital Market - Live

Mphasis Ltd is up for a third straight session today. The stock is quoting at Rs 3117.95, up 2.77% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 25094.85. The Sensex is at 81939.19, up 0.28%. Mphasis Ltd has gained around 6.36% in last one month. Meanwhile, Nifty IT index of which Mphasis Ltd is a constituent, has gained around 4.49% in last one month and is currently quoting at 41709.25, up 2.27% on the day. The volume in the stock stood at 8.98 lakh shares today, compared to the daily average of 7.11 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 3107.4, up 2.25% on the day. Mphasis Ltd is up 34.92% in last one year as compared to a 29.74% jump in NIFTY and a 38.19% jump in the Nifty IT index.The PE of the stock is 38.59 based on TTM earnings ending June 24.Powered by Capital Market - Live

Mphasis has allotted 73,375 equity shares under ESOP on 25 August 2024. Powered by Capital Market - Live

Mphasis Ltd rose for a third straight session today. The stock is quoting at Rs 2973.25, up 2.14% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 24574.45. The Sensex is at 80465.57, up 0.04%. Mphasis Ltd has added around 1.62% in last one month. Meanwhile, Nifty IT index of which Mphasis Ltd is a constituent, has added around 3.45% in last one month and is currently quoting at 40878.25, up 0.66% on the day. The volume in the stock stood at 7.91 lakh shares today, compared to the daily average of 8.95 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 2971, up 1.92% on the day. Mphasis Ltd is up 28.33% in last one year as compared to a 26.71% gain in NIFTY and a 33% gain in the Nifty IT index.The PE of the stock is 37.03 based on TTM earnings ending June 24.Powered by Capital Market - Live

The IT solutions provider said that its board has approved the appointment of Aravind Viswanathan as the CFO of the company effective from 16 August 2024. Viswanathan has extensive global leadership experience including shareholder value creation, mergers and acquisitions, financial and strategic planning and budgeting corporate governance. In his most recent role, he was the CFO of Tanla Platforms, a listed leading CPaaS player in India, since April 2021. Prior to this, he spent 19 years at Wipro, where he was responsible for handling Business Finance for the strategic business units, financial planning & analysis and order to cash processes. Before which, he was the corporate treasurer and vice president ' investor relations. Viswanathan is an alumnus of Indian Institute of Management Bangalore, where he completed his Post Graduate Diploma in Management and holds a Bachelor of Commerce from University of Madras. 'As Mphasis continues to build momentum with their new gen tech-driven growth strategy, I will be focused and committed on delivering on our short- and longer-term financial objectives,' Viswanathan said. Meanwhile, Manish Dugar resigned as CFO of the company to pursue career outside the organisation. He will be available for transition support, until end of the quarter. Mphasis is an information technology (IT) solutions provider specializing in cloud and cognitive services. The company's consolidated net profit grew 2.87% to Rs 404.51 crore in Q1 FY25 as compared with Rs 393.22 crore in Q4 FY24. Revenue from operations rose marginally to Rs 3,422.46 crore in Q1 FY25 as against Rs 3,412.05 crore posted in Q4 FY24. Shares of Mphasis jumped 7.17% to close at Rs 2,911.65 on Friday, 16 August 2024. Powered by Capital Market - Live