Mphasis

Mphasis delivered a strong Q4 FY26 with constant currency revenue growth of 7.1% YoYCurrent reported value: 7.1% YoY. No comparable prior figure is available in the source record. and direct revenue growth of 9.2% YoYCurrent reported value: 9.2% YoY. No comparable prior figure is available in the source record., driven by AI-led transformation programs. The company achieved record annual net new TCV of $2.1 billionCurrent $2.1 billion. Reported change: +68% YoY., up 68% YoYCurrent reported value: 68% YoY. No comparable prior figure is available in the source record., with 69% of the pipeline AI-tagged. BFSI vertical grew 17.4% YoYCurrent 17.4% YoY. Reported change: +17.4% YoY. in direct revenue, while insurance surged 46.5%. EBITDA margin expanded 20 bps sequentially to 15.4%, within the target band. Management guided for high single-digit to low double-digit growth in FY27, maintaining margins at 14.75-15.75%. Key risks include macro uncertainty, potential productivity pass-through pressures, and working capital intensity from large deal ramp-ups.