HP-owned IT services strong MphasiS reported 14.3 per cent year-on-year jump in consolidated net profit at Rs 209.october 31 crore for the fourth one fourth ended, 2012. The company’s net income stood at Rs 183.03 crore for the same period this past year, MphasiS stated in a declaration. The company’s total income stood at Rs 1,346.33 crore for the reported quarter in comparison to Rs 1,364.79 crore in the same quarter last fiscal, down 1.35 %.
October 31 for the entire year ended, MphasiS registered consolidated net income of Rs 792.32 crore in comparison to a net income of Rs 821.82 crore in FY2010-11, down 3.5 %. The revenues were 4 up.66 % at Rs 5,525.35 crore in 2011-12 from Rs 5,279.02 crore in FY’11. Cash and money equivalents improved by Rs 874 crore through the year to Rs 2,940 crore, it said. The Board has recommended a dividend payout of Rs 17 per share in FY’12.
“Our focus on driving operational excellence has resulted in incremental margin expansion in each quarter this year,” MphasiS Chief Executive Officer Ganesh Ayyar said. The Board’s approval of the increased dividend payout reflects confidence that the successful execution of strategic plan will continue to generate strong cash flows, he added. “This will enable us to strike a balance between investing in the business and regularly returning cash to our shareholders,” Ayyar said.
MphasiS, an HP company, is currently over 36, 000 services and employees clients in banking and capital markets, insurance, manufacturing, mass media and communications and entertainment among other sectors.
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