Mphasis announces dividend of 70%

Mphasis has announced its financial results for the second quarter and year ended 31st March 2014.
The Company has changed its financial year from 31st October to 31st March, and consequently, the results for the quarter ending 31st  March 2014 represents results of 2 months of operations and the results for the year ending 31st  March 2014 represents results of 5 months of operations.
“We are seeing excellent traction within our customer base. Our intense focus on customer delight and specialization is yielding results.” said Ganesh Ayyar, Chief Executive Officer - Mphasis.

For computing growth percentages mentioned herein, results for the quarter have been normalized from 2 to 3 months and results for the year have been normalized from 5 to 12 months. While care has been taken in this normalization, it needs to be noted that the comparison is between two unequal periods. Hence, to that extent the percentages are approximate in nature.