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Gross revenue grew 17.4 % YoY in Q2 2022 ~ Mphasis wins a total contract value ( TCV ) of USD 241 million in Direct business Mphasis The Next Applied Bengaluru , 21 October 2021 : Mphasis Limited ( BSE - 526299 ; NSE - MPHASIS ) , an Information Technology ( IT ) solutions provider specializing in cloud and cognitive services , today announced its financial results for the second quarter ended 30th September 2021 . Quarter ended 30th September 2021 · Gross Revenue grew 6.4 % QoQ and 17.4 % YoY on a reported basis . In Constant Currency , growth was 6.6 % QoQ and 17.2 % YoY . • New TCV wins of USD 241million in Q2 FY22 in Direct , of which 68 % in new generation services . • Direct revenue grew 9.8 % QoQ and 31.8 % YoY on a reported basis . In Constant Currency , revenue grew 9.9 % QoQ and 31.5 % YoY . • Net profit grew 0.5 % QoQ and 14.1 % YoY to 3,415 million in Q2 FY22 . Adjusted for the M & A charges Net profit grew 5.2 % QoQ and 19.5 % YoY to 3,574 million . • EPS grew 0.4 % QoQ and 13.7 % YoY to QoQ and 19.0 % YoY to 19.09 . 18.23 in Q2 FY22 . Adjusted for the M & A charges EPS grew 5.1 % " Our wallet - share gains in strategic accounts , as well as our accelerating success with new clients is evidence of our ability to continually expand the addressable market within our clients , going beyond traditional services . We believe that our broad - based success with clients positions us well for industry - leading growth in our Direct business for FY22 . " said Nitin Rakesh , Chief Executive Officer and Managing Director , Mphasis Deal wins : • • • • Mphasis has entered into an agreement with one of the leading financial services firms to modernize its options clearing process and technology to enable scaling . Mphasis proactively provided a modernization point of view which was accepted by the client . Mphasis was chosen as a strategic partner by a leading US bank to migrate several of its applications to the new data center , modernizing the applications as per the reference architecture . Mphasis has partnered with a leading loyalty platform provider ( new logo ) on their digital transformation to create memorable experiences for their customers , merchants , and corporate partners . One of the leading logistics providers , has selected Mphasis as a partner in its flagship program to modernize its applications and infrastructure by making core technologies more flexible and able to run at a lower cost . Recognitions and Analyst Positioning : • Recognized as " Major Contender " in Everest Group IT Managed Security Services Providers 2021 • Ranked 2nd in HFS Market Analysis - Banking and Financial Services Formidable Challengers report Recognized as an Established Player in Novarica Life / Annuity / Benefits Policy Administration Systems 2021 Recognized as a " Major Contender " and " Star Performer " in Everest Group PEAK Matrix for Application and Digital Services in Global Banking Service Providers 2021 • • • • • • Recognized as an Established AI & ML Vendor in Novarica's Quantum Technology and Insurance Research Report 2021 Positioned as a Major Contender in Everest Group's Property and Casualty ( P & C ) Insurance BPS PEAK Matrix Assessment 2021 Positioned as a Major Contender and Star Performer in Everest Group's Capital Markets Operations - Services PEAK Matrix Assessment 2021 Recognized as a challenger in Gartner's Magic Quadrant Life Insurance Policy Administration Systems , North America