Saturday, 26 April, 2025

Mphasis Targets $100–250M AI-Led Deals Amid Record Growth

Mphasis CEO Nitin Rakesh announced a strategic focus on large AI-driven contracts, particularly in the $100–250 million range, with some exceeding $250 million. In Q4 FY25, the company secured $390 million in total contract value (TCV), including two significant deals—the highest in seven quarters. For the fiscal year, new TCV reached $1.27 billion, with 55% stemming from AI-led initiatives.