Software services provider MphasiS expects Enterprises Services business coming via its parent HP will continue to decline over next few quarters before it hits stability.
IT major MphasiS consolidated profit for the third quarter fell 10%. Talking about the numbers, chief executive officer, Ganesh Ayyar and chief financial officer, Ganesh Murthy said, "We have delivered a satisfactory quarter."
MphasiS Ltd hopes to maintain operating margins between 15 and 18% by containing costs and growing its direct channel business, a senior official said on Friday, but analysts continue to be cautious on the mid-tier outsourcer's performance going forward.
Mid-sized Indian outsourcer MphasiS expects operating margins to stabilise at 20-21% in the next two quarters, its chief financial officer told Reuters on Friday, a day after the company posted a 15% decline in January-quarter profit.
MphasiS has declared its first quarter results. The company's consolidated net profit was down 15% at Rs 227 crore versus Rs 268 crore. Ganesh Ayyar, the CEO and Ganesh Murthy the CFO of MphasiS spoke about the numbers and spoke in defence on what led to the bad set of Q1 numbers.