MphasiS BFL net rises 49 per cent in H1
12 October 2004
Revenues stood at Rs368.80 crore, representing a 35 per cent increase over Rs273.15 crore earlier.
For the second quarter ended September 30, the group's consolidated net profit stood at Rs31.51 crore (Rs25.45 crore), a 24 per cent growth, and revenues amounted to Rs192.99 crore (Rs142.92 crore), a 35 per cent increase.
While the software services business contributed Rs122.20 crore, the BPO practice earned Rs70.79 crore. During the current quarter, the group added 17 new clients — 15 in the software services segment and two in BPO services.
With a cash balance of Rs100 crore, MphasiS BFL considers mergers and acquisitions as an "important leg up" to scale up the service offerings.