EMPHASIZING ON PENETRATION
Mphasis BSE Code: 526299 CMP: ₹737.55
The infrastructure technology and applications outsourcing mid-cap company has more than 60% of its stake held by Marble II PTE. To penetrate into cloud and cognitive technologies, the firm is likely to acquire smaller firms operating in those businesses for which the company is ready to invest about 50 million dollars for each of these companies. The company is expecting higher operating profits in the coming financial years, because through automation, it is looking forward to higher revenues and lower its employee growth rate.