Positioned as an AI-led, platform-driven company with human-in-the-loop intelligence, Mphasis helps global enterprises modernize, infuse AI, and scale with agility. The company recorded its highest-ever quarterly TCV of USD 760 million, with 68% of deals AI-led, demonstrating strong momentum in AI-driven transformation services.
Cyborg Score Rationale
With a market cap of $5.71B and trailing 12-month revenue of $1.73B as of September 2025, Mphasis demonstrates solid financial scale. Strong AI positioning with 68% AI-led deal TCV and recognized industry leadership position the company well for continued growth in enterprise digital transformation.
Top Insights
Record quarterly TCV of $760M with 68% AI-led deals signals strong AI-driven transformation demand
Annual revenue of ₹14,500Cr ($~1.75B equivalent) as of March 2025 reflects consistent revenue generation
Employee base of 46,136 as of January 2026 provides significant delivery capacity
Banking and financial services remain largest revenue segment, providing stable core business
Named Competitors
Wipro — Global IT consulting and business process services
HCL Technologies — IT services, consulting and infrastructure solutions
Accenture — Management consulting and professional services
LTIMindtree — IT services and digital transformation
Recent Developments
(February 2026) Gross revenue grew 5.3% QoQ and 11.4% YoY in Q2 FY26
(January 2026) Strategic investment in Aokah to accelerate AI-driven transformation
(2025) Won 2025 Cybersecurity Excellence Awards and Flexera Innovation of the Year
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