Slide 1: Intimation letter to stock exchanges
Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A July 23, 2026 The Manager, Listing The Manager, Listing BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, Dalal Street, G-Block, Bandra-Kurla Complex, Mumbai - 400 001 Mumbai – 400
Slide 2: Accelerating AI Adoption to Enterprise Agency
Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Accelerating AI Adoption to Enterprise Agency Nitin Rakesh Aravind Viswanathan CEO & Managing Director CFO July 2026
Slide 3: Safe Harbor
Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Safe Harbor Certain statements mentioned in this presentation concerning our future growth prospects are forward looking statements (the “Forward Statements”) and are based on reasonable expectations of the management, which involves a numbe
Slide 4: AI Adoption is Shifting from Experimentation to Accountable Enterprise Outcomes
AI Adoption is Shifting from Experimentation to Accountable Enterprise Outcomes Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A AI Adoption is Shifting from Experimentation to Accountable Enterprise Outcomes Mphasis TRIATM : Converting AI investment into governed What clients are saying d
Slide 5: Mphasis TRIA off to a Strong Start
Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Mphasis TRIA off to a Strong Start • Opportunity Maximization approach is changing client conversations – addressing business problems that sit behind the technology • Strong appetite for a “deployment ready” AI stack - ”Agentic AI” is not t
Slide 6: Positioned for Accelerated Momentum in Q2FY27
Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Positioned for Accelerated Momentum in Q2FY27 • Q1 sets good foundation for FY27 and platform-first thesis • Strong pipeline, momentum in Mphasis TRIA led deal wins • Expect Q2 to have accelerated momentum, with the best sequential growth in
Slide 7: Doubling Down on AI
Doubling Down on AI AI momentum continues Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Doubling Down on AI AI momentum continues 69% 69% 69% 70% 68% AI momentum continues 65% 55% AI Led Pipeline 2.8 X Pipeline 35% TCV Wins (in USD Mn) 30% 25% 760 12% 13% 528 X 428 461 390 407 351 319 2
Slide 8: Broad Based Pipeline Across Verticals, Deal Size, and Archetypes
Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Broad Based Pipeline Across Verticals, Deal Size, and Archetypes 8% 8% 28% 10% Data 5% 25% 10% BFS -2% Modernization 14% $20 Mn+ 12% IT Value Stream 22% Acceleration 3% Security 5% 11% Next Ops 10% 18% XaaP 15% 23% Non-BFS 3% < $20 Mn Experi
Slide 9: Strong Broad Based TCV Wins: 63% AI-led
Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Strong Broad Based TCV Wins: 63% AI-led Net New TCV Wins ($Mn) Q1FY27 Revenue/ TCV Correlation 2000 From Q1FY25 Revenue (TTM in $ Mn) 1750 760 R² = 0.7471 1500 528 428 407 461 1250 500 1000 1500 2000 TCV (TTM in $ Mn) Q1FY26 Q2FY26 Q3FY26 Q4
Slide 10: Q1FY27 Revenue Performance by Segment
Q1FY27 Revenue Performance by Segment Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Q1FY27 Revenue Performance by Segment 463 471 463 471 437 437 Direct Direct Direct Direct YoY YoY QoQ QoQ 11.4% 3.9% 354 356 11.9% 0.9% 387 402 APPS 322 Americas 365 1.1% -15.4% BPO 65 66 74 14.0% 12.7%
Slide 11: Q1FY27 Performance by Vertical
Q1FY27 Performance by Vertical Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Q1FY27 Performance by Vertical 463 471 437 Direct YoY Direct QoQ 9.4% 0.8% 247 248 Banking & Financial Services 230 Insurance 60 73 70 17.8% -3.1% 13.6% 16.4% TMT 79 74 86 Logistics & Transportation -19.9% -15.
Slide 12: Client Pyramid Performance: Direct
Client Pyramid Performance: Direct Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Client Pyramid Performance: Direct YoY Additions in multiple client bands Client Additions Top Client Metrics TTM YoY* • Top 1 - 10 grew 11.1% 137 Category YoY QoQ 133 • Top 11 - 30 grew 21.0% $200Mn+ - - $
Slide 13: Financial Metrics: Quarterly Performance
Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Financial Metrics: Quarterly Performance Revenue Trend Operating Margin Trend +2.1% 463 471 437 15.3% 15.4% 14.8% Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Gross Revenue in $Mn at average USD/INR rate for respective periods # Revenue growth
Slide 14: DSO Movement
Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A DSO Movement DSO in Days 95 YoY QoQ 90 84 91 +17 0 Debtors 74 91 Debtors Contract Assets Contract Assets 10 4 -6 +5 -1 Q1’26 Q4’26 Q1’27 © Mphasis 2026 Proprietary and confidential information 13
Slide 15: Summary and Way Forward
Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Summary and Way Forward… Summary… • Continued growth momentum in Q1 FY27 • Direct QoQ growth of 2.2%, YoY growth of 9.9% • Growth led by TMT and Retail (Others) • Strong sequential growth in Americas and ROW (led by GCCs) • Pipeline at recor
Slide 16: Thank You!
Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Link to financial data for the past three years: https://www.mphasis.com/home/corporate/investors.html Thank You! About Mphasis At Mphasis, engineering has been in our DNA since inception. Mphasis is an AI-led, platform-driven company with h
Slide 17: Analyst Recognition: Q1FY27
Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Analyst Recognition: Q1FY27