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India Equity Research Reports, IPO and Stock News
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Mphasis (MBFL.BO, Neutral)
1) HP remains a drag on the overall business – Business from the HP channel may
remain a drag over the next one year with very limited growth. The company
suggested that they would have been able to grow at the industry rate if the HP
channel did not face ramp downs.
2) HP services business outlook is still modest – Management stated that the HP
services side of the business is still modest and they expect a single digit revenue
growth from this business in the current year.
3) Continue to search for acquisitions – They continue to explore for acquisition
opportunities in different geographies and service areas, e.g., product related targets in
BFSI and service related targets in emerging markets.
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