ADVERTISEMENT
Mphasis Gets 'Hold' Rating From Nirmal Bang After Q3 Results, Lowers Target Price — Here's Why
New gen deal wins improved on a QoQ level, but the momentum of three-four quarters ago is missing, adds Nirmal Bang.
27 Jan 2025, 11:00 AM IST 
Save
%20210723.jpg?rect=0%2C0%2C551%2C310&auto=format%2Ccompress&fmt=avif&mode=crop&ar=16%3A9&q=60)
Mphasis Q3 delivered a decent overall performance with slight miss in revenue, beat on margins and a strong order book of $351 million.
(Photo source: Company)
Mphasis anticipates Q4 to be its best quarter in the last three years from a QoQ growth perspective, supported by strong TCV wins, improving TCV to revenue conversion, and reiterated margin guidance in the 14.6-16% range.
