Mphasis announced that the 33th Annual General Meeting (AGM) of the company will be held on 25 July 2024.Powered by Capital Market - Live News

The Board of Mphasis at its meeting held on 25 April 2024 has approved the investment in the equity share capital of Mphasis Europe BV, a wholly owned subsidiary of the Company, up to US$ 80 million, in addition to extending Corporate Guarantee upto US$ 150 million. The Board also approved investment n common stock of Mphasis Corporation, a wholly owned subsidiary of the Company, up to US$ 70 million. Powered by Capital Market - Live News

Mphasis announced that the Board of Directors of the Company at its meeting held on 25 April 2024, inter alia, have recommended the final dividend of Rs 55 per equity Share (i.e. 550%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Mphasis declined 2.98% to Rs 393.22 crore in the quarter ended March 2024 as against Rs 405.31 crore during the previous quarter ended March 2023. Sales rose 1.51% to Rs 3412.05 crore in the quarter ended March 2024 as against Rs 3361.22 crore during the previous quarter ended March 2023.For the full year,net profit declined 5.07% to Rs 1554.82 crore in the year ended March 2024 as against Rs 1637.92 crore during the previous year ended March 2023. Sales declined 3.77% to Rs 13278.52 crore in the year ended March 2024 as against Rs 13798.50 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales3412.053361.22 2 13278.5213798.50 -4 OPM %18.7217.81 -18.2417.64 - PBDT653.05617.59 6 2478.822498.30 -1 PBT522.31534.14 -2 2068.322173.06 -5 NP393.22405.31 -3 1554.821637.92 -5 Powered by Capital Market - Live News

Mphasis announced a multi-year global Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS). The collaboration marks a significant milestone as Mphasis establishes the Gen AI Foundry, led by Mphasis.AI, a dedicated business unit focusing on artificial intelligence (AI) solutions, AI use case assessments, consulting, and business transformation. The Gen AI Foundry will serve as a dynamic platform for modeling industry use cases and developing proof of concepts (POCs) initially within the financial services Industry, with plans to expand across other sectors. This virtual forum will offer clients the opportunity to experience demos and POCs either at the Mphasis Experience Centre in NYC or AWS Executive Briefing Center (EBC) in NYC, providing a showcase of generative AI solutions tailored to the client`s needs and objectives. Powered by Capital Market - Live News