Mphasis gained 1.61% to Rs 2005.80 after the Mphasis Consulting signed a definitive agreement to acquire 100% of the shares in UK based eBECS, a wholly owned subsidiary of DXC UK International Operations.
Mphasis Consulting is a wholly wholly owned subsidiary of Mphasis.
eBECS is one of the largest Microsoft Dynamics partners in the UK and Ireland region. It offers tailored, industry-focused Microsoft Dynamics 365 solutions that embrace operations (AX and NAV ERP), sales, marketing, customer service (CRM), field service, project service automation, analytics, BI and IoT ? on-premise or in the Microsoft Azure intelligent cloud.
Mphasis said that the acquisition enhances the company's ability to address client needs and add significant value to its UK business by bringing in marquee client relationships and innovative service delivery and customer engagement models through Microsoft's Business Applications.
The acquisition is part of a revised agreement with DXC, and the company will ascribe a value for the acquisition in future to be further disclosed in the financials, Mphasis stated.
Mphasis is an information technology (IT) solutions provider specializing in cloud and cognitive services.
The IT company reported 1.69% fall in consolidated net profit to Rs 405.31 crore on 4.14% decline in revenue from operations to Rs 3,361.22 crore in Q4 FY23 over Q3 FY23.
Powered by Capital Market - Live News