Mphasis Reports Revenues of Rs. 1,465 Crore in Q2 FY15

Mphasis today declared its financial results for the first quarter ended 30^th September 2014.

Business Update *

• Direct organic business revenues in mature markets recorded a sequential growth of 2.5% in Q2 FY15 or 1.3% net of rupee depreciation

• New deal wins of US$ 65 million TCV in Q2 FY15; Deal wins of US$ 110 M TCV in H1 FY15, provides good revenue visibility going forward

• Direct business stood at 64% of consolidated net revenues in Q2 FY15.

Financial Update *

• Consolidated net revenues declined 1.7% QoQ or 2.5% net of rupee appreciation

• Direct channel revenue declined by 2.1% QoQ or 3.3% net of rupee depreciation, impacted by slowdown in the US mortgage industry and one-time   revenue reversals in India Government business

• Operating margins stood at 13% impacted by certain one-time revenue reversals and sales expenditure;

• DSO improved by 2 days to 72 days at the end of Q2 FY15 with net operating cash generation of Rs 1,947 million during the quarter.

“We continue to see good traction in our Direct organic business. Our focus on GRC, Digital and AMS is paying off” said Ganesh Ayyar, Chief Executive Officer- Mphasis.

* The Company has changed its financial year from 31^st October to 31^st March, and in the absence of comparable proforma numbers for the corresponding quarter in the previous year, the financial results for the quarter ended 31^st October 2013 have been provided for an indicative comparison.

About Mphasis:

Mphasis (an HP Company) enables chosen customers to meet the demands of an evolving market place. Mphasis fuels this by combining superior human capital with cutting edge solutions in hyper-specialized areas. Contact us on www.mphasis.com

For further information please contact

Deepa Nagraj

Mphasis

Phone: +91 080 4004 1016

Mobile: +91 98452 56283

Email : Deepa.Nagaraj@mphasis.com

Sumana Bhat

Edelman India

Phone: +91 080 4061 9108

Mobile: +91 9902 980 980

Email : sumana.bhat@edelman.com