IT services provider Mphasis Ltd saw stellar performance in the June quarter. On the deal wins front, it saw robust deal booking of $505 million in the quarter, up 92% year-on-year with 85% of deal wins in new generation services. According to the company's management, this is the highest ever deals won in a quarter. While deal wins were strong, operating margins saw some compression. Deal booking remains strong and offers strong revenue growth visibility.

Source: Mint July 23, 2021 04:41 UTC