Mphasis BFL group net up 28 p.c.

Mphasis BFL group net up 28 p.c.

BANGALORE, JAN. 11. The Mphasis BFL Group's consolidated revenues for the nine months ended December 31, 2004 have gone up by 33 per cent to Rs. 560.59 crores from the previous year, whilst the net profit has increased by 28 per cent to Rs. 93.66 crores.

According to Jerry Rao, Chairman and CEO, the group's consolidated net profit was Rs. 26.86 crores for the quarter ended December 31 against Rs. 28.50 crores in the same period in the previous year.

While software services revenues in the current quarter at Rs. 117.34 crores rose by 17 per cent on a year-to-year basis, the quarter-on-quarter amount is marginally lower. Billing rates were stable at $62 and $20 per hour for onsite and offshore services, respectively while receivable days are stable at 56.

The BPO business at present has 33 active clients and 5,601 staff, an increase of 591 people in the current quarter. The contribution from business process work has significantly increased to 20 per cent.

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