2013-03-04

MphasiS open to small and medium companies’ acquisition

HP-owned IT services firm MphasiS has said that it is open to acquisition of small and medium sized companies, which can help it enhance value proposition in banking and capital markets.

MphasiS open to small and medium companies’ acquisition

HP-owned IT services firm MphasiS has said that it is open to acquisition of small and medium sized companies, which can help it enhance value proposition in banking and capital markets.

Last year, the Bangalore-based IT firm had announced to acquire US-based Digital Risk for $175 million (about Rs 960 crore), a move aimed at attaining leadership position in the US mortgage services market. The acquisition was completed last month.

Florida-based Digital Risk is one of the largest independent providers of solutions related to risk, compliance and transaction management to the US mortgage market.

The company reported a marginal dip in consolidated net profit to Rs 184.4 crore for the quarter ended January 31, 2013, as against Rs 184.84 crore for the November 2011-January 2012 quarter.

Its revenues, however, declined 8.05 per cent to Rs 1,257.08 crore for the reported quarter as against Rs 1,367.18 crore for the corresponding period last year.

The banking and capital market segments contributed Rs 315.98 crore to the quarter’s revenues, while insurance accounted for Rs 154.18 crore.

IT, Communication and Entertainment vertical contributed Rs 317.06 crore and Emerging Industries segment accounted for Rs 493.21 crore of the quarter’s revenues.

MphasiS, which employs around 36,000 people, offers integrated services in applications, infrastructure services and business process outsourcing.

Related opportunities
  • Engine, Engine Components, Spare Parts
    Fuelwings is a fuel delivery company that has quickly established..
    Locations looking for expansion Haryana
    Establishment year 2021
    Franchising Launch Date 2023
    Investment size Rs. 20lakh - 30lakh
    Space required 000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Furniture/Home Decor & Furnishing
    Started in the year 2013, WallMantra has been a pioneer in manufacturing..
    Locations looking for expansion Uttar pradesh
    Establishment year 2013
    Franchising Launch Date 2023
    Investment size Rs. 50lakh - 1 Cr.
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bishrakh Uttar pradesh
  • Electric Two Wheelers
    Fidus stands for Power Using Renewable Energy and true to..
    Locations looking for expansion Haryana
    Establishment year 2021
    Franchising Launch Date 2023
    Investment size Rs. 20lakh - 30lakh
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgoan Haryana
  • Beauty Salons
    WELCOME TO HAIR & BYOND Situated in Koramangala near Forum Mall..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2024
    Investment size Rs. 10lakh - 20lakh
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads