Mphasis Limited reported first-quarter fiscal 2027 revenue of $471 million, marking a 9.9% year-on-year increase and a 2.2% sequential rise in constant currency terms.
The Bengaluru-based IT services provider cited strong momentum in artificial intelligence projects as a key driver behind the performance, which ended the quarter on June 30, 2026.
The results position Mphasis for what management describes as its best sequential quarter in three years.
This growth trajectory aligns with broader trends in the Indian IT sector, where peers are increasingly leveraging AI-related services to offset traditional outsourcing headwinds.
The company’s focus on high-value digital transformation and AI integration appears to be resonating with clients seeking to modernize legacy systems.
Context from recent sector reporting highlights a similar shift among larger competitors.