New Delhi: Information technology company Mphasis posted an 11.9% increase in consolidated net profit to 266.14 crore in the March 2019 quarter.

The company's net profit stood at 237.67 crore in the year-ago period, Mphasis said in a statement at late Monday night.

Its revenue from operations grew 16% to 2,024.95 crore in the said quarter from 1,744.48 crore in the year-ago period, it added.

"We are encouraged by the consistent and healthy growth of Mphasis over the quarters; especially in new-generation services which contribute to 46 per cent of our direct core portfolio. We continue to invest in growing our service offerings and strengthening our go-to-market," said Nitin Rakesh, Chief Executive Officer and Executive Director at Mphasis.

For the full 2018-19, Mphasis' net profit was up 28.1% to 1,073.35 crore, while revenue from operations was higher 18.1% to 7,730.98 crore from the previous financial year.

The board has recommended a dividend of 27 per equity share for the financial year ended March 2019 that is subject to approval at the annual general meeting on 25 July.

The company said it saw new deal wins of $616 million (total contract value) in direct international business during 2018-19. Of this, 79% was in new-generation services -- an 11.8% increase year-on-year, the statement said.

This story has been published from a wire agency feed without modifications to the text.

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