HomeTechnology NewsMphasis eyes 10% growth in direct core business, sees no slowdown in deal wins

Mphasis eyes 10% growth in direct core business, sees no slowdown in deal wins

Mphasis, an IT services company based in Bangalore, is not facing any slowdown in deal wins as of now and is positioned on the right side of the digital spend, a top official has said.

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By Reema Tendulkar   | Nigel D'Souza  August 21, 2019, 2:15:53 PM IST (Updated)

Mphasis eyes 10% growth in direct core business, sees no slowdown in deal wins
Mphasis, an IT services company based in Bangalore, is not facing any slowdown in deal wins as of now and is positioned on the right side of the digital spend, a top official has said..


We are confident that in our direct core business, we would see above market growth or above 10 percent growth for FY20, V Suryanarayanan, Executive VP and CFO of Mphasis, noted.

HP/DXC should see an 8-10 percent revenue growth. “In overall direct core, we will be growing above market. But we also have other verticals like logistics, transportation and healthcare where we see a good growth,” he said. Although, the overall IT spend is going up by 2 percent, the digital spend is going up by 16 percent.

The company has raised the lower end of their margin guidance from 15-17 percent to 15.5-17 percent. This was predicted on various factors like lease accounting and rupee depreciation. However, the company does not see much benefit coming in on account of rupee depreciation in FY20 because a large part of their revenues has already been hedged.

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