Moneycontrol
Last Updated : Jan 25, 2018 01:37 PM IST | Source: CNBC-TV18

See positive impact of tax cuts in BFSI: Mphasis

Mphasis is higher in trade reacting to a good set of earnings. In an interview with CNBC-TV18's Rukmini Rao, Nitin Rakesh, CEO & ED, Mphasis and V Suryanarayanan, CFO, Mphasis spoke about the results and their outlook for the company.

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Mphasis is higher in trade reacting to a good set of earnings. In an interview with CNBC-TV18's Rukmini Rao, Nitin Rakesh, CEO & ED, Mphasis and V Suryanarayanan, CFO, Mphasis spoke about the results and their outlook for the company.

Margin improvement driven by revenue growth, said Suryanarayanan.

The softness of the quarter has contributed to the utilisation but we are confident that we will pick up in the next quarter, he further mentioned.

Impact of salary hike effective from October 1 has been absorbed in Q3, he added.

On banking, financial services and insurance (BFSI) front Rakesh said that we will get a better sense of budgets going into next quarter. It is hard to say that spending will increase across the board, he added.

There will possibly be some positive impact of tax cuts in BFSI, said Rakesh.

For full interview, watch accompanying video...
First Published on Jan 25, 2018 01:37 pm
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