Mumbai, Nov 26 : IT firm Mphasis today said its consolidated net profit stood at Rs 295 crore for the seven months ended October 31, 2008, while it had a net profit of Rs 140 crore over the corresponding period a year ago.
Consolidated total income stood at Rs 1,927.4 crore for the period under review, Mphasis Ltd said in a filing to the Bombay Stock Exchange.
On the standalone basis, the software firm posted a net profit of Rs 264.5 crore for the period ended October 31, 2008.
Further, the board has recommended a final dividend of Rs 2 per share for the seven months ended October 31, the company said.
“This has been a year of strong financial performance with record EPS and EPS growth-the highest in the history of the company,” Mphasis CEO Jeya Kumar said.
Mphasis is the part of EDS, a global technology services provider, which was acquired by HP (Hewlett Packard) in August this year.
After the acquisition of EDS, the group has changed the quarter and financial year to November-October with effect from November 1, 2008 to align to the financial year of HP, the company added.
Shares of the company closed at Rs 151.50, down 1.37 per cent on the BSE. PTI SKR
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