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Mphasis keen on acquisition of small and medium sized companies

02 Mar 2013 Evaluate

Mphasis, HP-owned IT services firm is keen on acquisition of small and medium sized companies, in order to enhance value proposition in banking and capital markets. Recently, in the last month the Bangalore-based IT firm had completed acquisition of US-based Digital Risk for $175 million, a move aimed at attaining leadership position in the US mortgage services market.

The company, on standalone basis, has registered marginal growth of 1.23% in its net profit for Q1FY13 at Rs 149.42 crore as compared to Rs 147.61 crore in the corresponding quarter previous year. However, the total income of the company has decreased by 5.66% to Rs 848.91 crore for the quarter under review as compared to Rs 899.85 crore in the same quarter last year.

Mphasis Share Price

2176.60 -100.45 (-4.41%)
24-Apr-2026 16:59 View Price Chart
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