HotViews Archive

Skip Navigation Links.
Collapse 2018 (54)2018 (54)
Collapse May (54)May (54)
PayPal overwhelms iZettle
21 May 2018
Do you have what it takes to be a TechMarketView analyst?
21 May 2018
PM setting AI on to early cancer diagnosis
21 May 2018
Startupbootcamp Insurtech programme shifts into a higher gear
21 May 2018
Highland proves a lucky talisman for Incopro
21 May 2018
Atos, Dell EMC and Microsoft fire first salvo in AI campaign
21 May 2018
UKCloud. The multi-cloud experts – powering digital transformation in the UK Public Sector
21 May 2018
Sopra Steria awarded new UKVI contract
18 May 2018
The Good Till Co. completes third investment round
18 May 2018
Raise your company profile in our HotViews newsletter & get in front of 18,500+ key decision makers
18 May 2018
Methods and FinancialForce team up to good effect
18 May 2018
Backers help Maze trace path through funding maze
18 May 2018
FE finds funds
18 May 2018
Ocado shines at last
17 May 2018
Experian has strong finish to the year
17 May 2018
*UKHotViewsExtra* Capita’s PCS contract woes underline the need to rewrite the rules on risk transfer
17 May 2018
Oracle and Google bring in more intelligent cloud assets
17 May 2018
HRtech MeVitae plugs in £500k for ATS plug-in
17 May 2018
Sparkler catches PA’s eye
17 May 2018
Sophos FY18 revenue and billings up 18% yoy
17 May 2018
NPIF scatters Ash £200k
17 May 2018
Channel activity nudged Actual Experience up in H1
17 May 2018
*UKHotViews Extra* Elliott takes Cognizant money and runs
17 May 2018
#ATT wins Best Specialist Annual Report & Accounts Award
17 May 2018
The Business Boom
17 May 2018
Unit4 majors on business value and an open platform
16 May 2018
LoopUp bets the business on MeetingZone
16 May 2018
Fuse Universal raises $20m from Eight Roads Ventures
16 May 2018
Join us for An Evening with TechMarketView in September!
16 May 2018
Blue Prism updates on buoyant first half sales
16 May 2018
Worldline scores SIX to build lead in European payments
16 May 2018
Micro Focus holding steady after previous warning
16 May 2018
HPE buys Plexxi for hyperconvergence
16 May 2018
'Refreshed' NIIT Technologies looks to verticalised future
16 May 2018
UK IT Visa cap breached
16 May 2018
NEW White paper - Changing lives: bringing disruptive technology to local government
16 May 2018
Mimecast FY18 revenue up 38%
15 May 2018
Capita wins Financial Services Compensation Scheme contract
15 May 2018
MedCircuit secures funding for A&E software
15 May 2018
Convergys shares rise on sale talks
15 May 2018
Unlock deeper analysis and searchable insight with UKHotViews Premium
15 May 2018
Gatwick Airport teams with HPE to transform network
15 May 2018
appScatter bolsters security
15 May 2018
Concirrus steaming ahead in marine insurance
15 May 2018
Colao stands down amidst mixed Vodafone FY18 results
15 May 2018
Mercia appraises Clear Review with £0.5m funding
15 May 2018
Mphasis breaks through the billion-dollar barrier
14 May 2018
Eckoh Trading Update shows good progress
14 May 2018
The 8th Enterprise Awards - ‘The Oscars of the Technology Industry’ Closing Date 25th May 2018
14 May 2018
StatPro lands another big fish
14 May 2018
Symantec FY clouded by investigation
14 May 2018
*NEW RESEARCH* Capita - The Road to Reinvention
14 May 2018
Cognism raises £2m to cleanse more data
14 May 2018
InterQuest founder aims to exit AIM
14 May 2018

UKHotViews©

 

Monday 14 May 2018

Mphasis breaks through the billion-dollar barrier

logoOdd they didn't shout it from the hilltops, but Blackstone-controlled, Bangalore-based mid-tier offshore services firm Mphasis broke through the billion-dollar barrier in the year just closed (to 31st March), registering 12% headline growth in USD terms to $1.02B. Well done them! In reported terms, FY revenues grew by 7.7% to Rs65.46B, and operating margins expanded 50 bps to 15.1%.

Perhaps more surprisingly, the proportion of revenues Mphasis generated from ex-parent(s) HP/DXC has being gently rising for several quarters, albeit still only constitutes 26% of the total. Back in the day this was more like two-thirds (see HP/EDS: Anatomy of an offshore delivery unit).

There was a hint that Mphasis' renewed interest in Europe was starting to have some effect (see Mphasis to take sharper aim at Europe) with the percentage of revenues from our region up a tad to 11% in Q4, the highest level for many quarters. But there's still a ways to go.

By the way, Mphasis is one of the very few players that reports its average billing rates. While offshore billing rates have barely moved over the last year, onsite billing rates for application services rose by 8% to $83 per hour, while billing rates for ITO/Infrastructure services jumped by 16% to $81 per hour. That's around £500 per day in our terms. Comparable offshore rates were around $20 per hour. It looks like there's still plenty of life left in the offshore labour arbitrage model.

Posted by Anthony Miller at '17:31' - Tagged: results   offshore  

Add a comment Add a comment Twitter   Facebook   LinkedIn   Email article link




© TechMarketView LLP 2007-2018: Unauthorised reproduction prohibited see full Terms and Conditions.