Mphasis announced the launch of Mphasis NeoCrux™, an industry-first tool designed to improve software engineer`s productivity by streamlining the Software Development Lifecycle with the help of Generative AI (Gen AI) powered Agent Orchestrator. This is one of the first platforms in the market that provides flexibility to engineers to integrate fit-for-purpose AI Agents instead of limiting their access to one AI agent. In addition to NeoCrux, Mphasis also launched the only Gen AI-based Enterprise Modernization Platform in the marketplace, NeoZeta&trade, that offers full transparency into the re-learning process so organizations can modernize mission-critical systems with confidence. Mphasis NeoCrux and NeoZeta are game changers for engineers and enterprises, said Ramanathan Srikumar, Chief Solutions Officer, Mphasis. �Revolutionizing the development landscape, Mphasis NeoCrux bridges the gap between innovation and efficiency by seamlessly integrating essential tools and harnessing the transformative capabilities of Gen AI agents. At the same time, NeoZeta transforms enterprise application modernization by unlocking hidden knowledge in code, non-code artifacts like architecture documents, meeting transcripts etc. Together, these platforms empower its users to focus on innovation while enhancing personalized experiences and delivering exceptional software solutions more efficiently for enterprises. Powered by Capital Market - Live News

Net profit of Mphasis rose 2.14% to Rs 404.51 crore in the quarter ended June 2024 as against Rs 396.05 crore during the previous quarter ended June 2023. Sales rose 5.24% to Rs 3422.46 crore in the quarter ended June 2024 as against Rs 3252.01 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales3422.463252.01 5 OPM %18.0718.05 - PBDT642.33613.11 5 PBT537.32525.76 2 NP404.51396.05 2 Powered by Capital Market - Live News

Mphasis has granted 51,520 options and 12,880 RSUs under ESOP on 24 June 2024. Powered by Capital Market - Live News

Mphasis will hold a meeting of the Board of Directors of the Company on 25 July 2024.Powered by Capital Market - Live News

Mphasis announced that it has adopted HPE GreenLake cloud with HPE Alletra Storage to accelerate IT transformation for its healthcare clients. This technology aims to accelerate the company`s cloud journey while strengthening security environment to improve healthcare operations, ensuring high performance, reliability, and scalability. HPE Alletra enables enterprises to run every workload without compromise through a cloud operational experience, whether at the edge or in the cloud. HPE technologies host Mphasis`s Javelina platform, which houses provider and member data. Mphasi offers a comprehensive healthcare solution tailored for payer core administrative processing. This solution equips the back-office operations of healthcare payers, including health plans, self-insured third party administrators, and government programs. HPE Alletra has helped Mphasis expand storage capacity with improved performance and enhanced flexibility in migrating customer workloads with encryption at rest, while advanced management tools have increased process efficiencies for IT and infrastructure. These tools also improve storage facility management and monitoring. Additionally, utilization insights gained from these tools support better future planning and optimization.Powered by Capital Market - Live News