The Hindu Business Line : MphasiS Group net surges 111%

The MphasiS Group said consolidated revenues grew 41 per cent to Rs 1,907 crore in the seven-month period ended October 31, 2008. Net profit increased 111 per cent to Rs 295 crore from Rs 140 crore. Its board of directors has recommended a final dividend of Rs 2 a share for the period under review, the company said in a statement. The company said it has changed its financial year to November-October with effect from November 1, 2008 to align to the financial year of HP , consequent to the merger of EDS with HP. During the 7-month period, the group added 47 new clients including 38 relationships through EDS. The group’s net headcount increased 1,748 during this period taking the total to 28,795.

— Our Bureau

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