Mphasis, a provider of IT applications, infrastructure and BPO services, today reported a fall of 15.78% in the consolidated net profit of Rs 1.60 billion for the quarter ended Sept. 30, 2014 as compared to Rs 1.90 billion in the same period last year.
Revenues on the other hand were at Rs 14.65 billion for quarter ended Sept. 30, 2014, registering fall of 8.10% year on year.
Operating margins stood at 13% impacted by certain one-time revenue reversals and sales expenditure.
''We continue to see good traction in our Direct organic business. Our focus on GRC, Digital and AMS is paying off,'' said Ganesh Ayyar, chief executive officer- Mphasis.
