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Growth to recover on sequential basis from Q2: Mphasis

Updated : October 23, 2020 02:17 PM IST

“We have crossed our pre-COVID peak revenues this quarter,” said Nitin Rakesh, CEO & MD of Mphasis in an interview to CNBC-TV18.

“Our growth will recover on sequential basis from Q2 onwards and even Q1 which was the crisis quarter, we didn’t decline on year-on-year (YoY) basis. So if we continue the trajectory, we can definitely look at the current growth rate sustain on a YoY basis,” he added.

Revenue growth for FY21 could be in the mid-to-high single digits, he said.

He said the goal was to maximise revenue growth while maintaining margins steady.

“We are taking a lot of the margin operating leverage that we are getting in the current environment and reinvesting it back in either competency buildup or sales expansion and in many cases we are also using some of that to invest for ramp-up on the deal that we are winning over the last few quarters,” Rakesh said.

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