India's MphasiS quarterly net more than doubles

By : BANGALORE, Aug 20 (Reuters) - MphasiS Ltd (MBFL.BO) reported a more than doubling of its quarterly
Date posted :2009-08-19 23:02:00

MphasiS has changed its financial year from April-March to November-October with effect from Nov. 1, 2008 to align with Hewlett Packard.

The company said its revenue jumped 43 percent to 11.06 billion rupees, as it added 7 new clients during the quarter, including a consumer products maker, a healthcare services provider and a telecoms operator.

Brokerage Motilal Oswal had expected the company to post a net profit of 1.81 billion rupees on revenue of 10.46 billion rupees. ($1=48.7 rupees) (Reporting by Sumeet Chatterjee)

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