Growth target: >2x industry growth rate
Management expects growth to exceed twice the industry growth rate based on H1 performance and steady conversion of strong TCV wins to revenue with large deal ramp-ups.
MPHASIS / guidance tracker
Keep management guidance in view.
Mphasis · forward-looking guidance across the available source record.
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Guidance tracker
What management said would happen.
growth
Operating margin band: 14.75-15.75%
Company will continue to target operating margin within the stated band of 14.75 to 15.75% while making investments for growth.
Logistics & Transportation sequential growth from Q3
The logistics and transportation vertical is expected to start delivering sequential growth from Q3 after experiencing one-time investment impact in Q2.
DSO normalization over 3-4 quarters
The increase in DSO (to 89 days, +5 QoQ) due to fixed price contribution increasing >50% YoY is expected to normalize over the next 3-4 quarters.
FY27 Revenue Growth: High single-digit to low double-digit
Management expects to deliver high single-digit to low double-digit growth in FY27, supported by AI transformation demand and strong pipeline conversion.
EBIT Margin Target Band: 14.75% to 15.75%
Mphasis remains committed to operating within its stated EBIT margin band of 14.75% to 15.75% while continuing to invest in platforms and capabilities.
Operating Cash Flow to Net Income Conversion: ~80%
The company expects to maintain an operating cash flow to net income conversion ratio of approximately 80% in FY27.