Mphasis Announces Q1 Results

Mphasis Ltd has announced the following Audited results for the quarter ended June 30, 2007:The Company has posted a net profit of Rs 487.382 million for the quarter ended June 30, 2007 as compared to Rs 280.930 million for the quarter ended June 30, 2006. Total Income has increased from Rs 2313.651 million for the quarter ended June 30, 2006 to Rs 3465.408 million for the quarter ended June 30, 2007.The Consolidated results are as follows:The Group has posted a net profit of Rs 513.048 million for the quarter ended June 30, 2007 as compared to Rs 326.009 million for the quarter ended June 30, 2006. Total Income has increased from Rs 3836.489 million for the quarter ended June 30, 2006 to Rs 5139.050 million for the quarter ended June 30, 2007.Commenting on the results Mr. Jerry Rao, Chairman, said With the legal merger now complete we are in a position to declare the aggregate results of the organizations and the numbers are a testimony to the joint synergies. As a combined group with EDS, we are growing from strength to strength and the proof of that is the fact that together we are winning in the marketplace. Our annualized revenue run rate is now well over half a billion dollars and our profitability is on track as well, despite the strength of the rupee.