Slide 1: Sustained Focus on Execution, AI Unlocking Opportunities
Sustained Focus on Execution, AI Unlocking Opportunities Nitin Rakesh Aravind Viswanathan CEO & Managing Director CFO July 2025
Slide 2: Safe Harbor
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 number of risks, and uncertainties that could cause actual resul
Slide 3: Forces of change – AI Unlocking Opportunities
Forces of change – AI Unlocking Opportunities Macro Situation Client Dynamics • Continued volatility and lack of tailwinds • Cost & Efficiency continue to dominate headlines • Decision cycles still elongated due to uncertainty • Headcount stagnant, vendor consolidation, AI First • Geopolitics and Cy
Slide 4: Doubling Down on AI
Doubling Down on AI 68% Hypothesis playing out 65% 55% AI Led Pipeline 2.2 x Pipeline 35% TCV Wins (in $Mn) 30% 25% 12% 13% 760 x 390 319 351 255 241 177 207 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Launched Mphasis.ai Launch of Gen AI Foundry Mphasis NeoCrux and NeoZeta Strategic Engagement
Slide 5: AI Supercharging Pipeline: 68% AI-led
AI Supercharging Pipeline: 68% AI-led Archetypes Driven Pipeline +16% +84% +84% 5% 5% 42% Data 6% 10% 47% Security 3% Next Ops 11% 15% XaaP 13% 11% Experience 8% 103% 14% BFS Top 10 Modernization 14% 22% IT Value Stream - 108% IT Value Stream Acceleration 24% Led Pipeline Non-BFS Non-Top 10 Agile IT
Slide 6: Strong Broad-based TCV Wins: 68% AI-led
Strong Broad-based TCV Wins: 68% AI-led New TCV Wins ($Mn) Large Deal Wins (>$20Mn TCV) +14 +138% 79 73 75 65 68 760 # of cumulative 351 390 319 deal wins since 207 Q1FY18 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 • TCV for the quarter at $760 Mn; Highest ever deal wins i
Slide 7: Q1FY26 Performance by Segment
Q1FY26 Performance by Segment 430 437 430 437 410 410 Direct Direct Direct Direct YoY YoY QoQ QoQ 10.3% 3.2% APPS 293 309 322 10.1% 3.6% Americas 332 353 365 BPO 67 66 65 -2.7% -2.7% EMEA 45 43 -20.4% -15.5% 38 ROW 33 34 34 ITO 51 55 50 11.9% -5.3% 30.0% 6.8% Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25
Slide 8: Q1FY26 Performance by Vertical
Q1FY26 Performance by Vertical 430 437 410 YoY QoQ Direct YoY Direct QoQ 18.0% 6.7% 21.8% 8.1% Banking & Financial Services 195 215 230 Insurance 46 49 27.5% 20.4% 28.1% 21.0% 60 TMT 66 77 20.0% 2.5% 20.6% 2.4% 79 Logistics & Transportation 56 47 -54.7% -46.2% -56.2% -48.0% 25 Others 46 43 43 -8.9%
Slide 9: Client Pyramid Performance: Direct
Client Pyramid Performance: Direct QoQ and YoY Additions in multiple client bands 139 137 Client Additions Top Client Metrics LTM 135 Category YoY QoQ • Top 1 - 10 grew 7.6% $200Mn+ - - • Top 11 - 30 grew 7.4% $150Mn+ (2) (1) $100Mn+ 1 1 $75Mn+ 2 1 $50Mn+ 2 2 $20Mn+ 1 (1) $10Mn+ 1 2 $5Mn+ 2 - 50 50
Slide 10: Financial Metrics: Quarterly Performance
Financial Metrics: Quarterly Performance Revenue Trend Operating Margin Trend +1.0% 430 437 410 15.3% 15.3% 15.0% Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Gross Revenue in $Mn at average USD/INR rate for respective periods # Revenue growth in constant currency EPS Trend Cash Flow Generation Normali
Slide 11: Q1FY26 in Summary: Sustained Execution
Q1FY26 in Summary: Sustained Execution • Growth momentum through resiliency and deal wins ̶ Growth led by BFS, Insurance and TMT verticals ̶ Ramp up in recent large deal wins • Focused on investing in AI-driven growth initiatives • Pipeline at record levels: 16% QoQ and 84% YoY growth in pipeline •
Slide 12: Outlook: AI unlocking opportunities
Outlook: AI unlocking opportunities Create-Pursue-Win-Execute • Continue to focus on pursuing, winning and executing at the account level ̶ Strengthening and expanding our AI-led propositions • Significant investments across Origination to Execution value chain • Expect to be ~2X industry growth, on
Slide 13: Thank You!
Link to financial data for the past three years: https://www.mphasis.com/home/corporate/investors.html Thank You! About Mphasis Mphasis’ purpose is to be the “Driver in the Driverless Car” for Global Enterprises by applying next-generation design, architecture, and engineering services, to deliver s
Slide 14: Analyst Recognitions
Analyst Recognitions © Mphasis 2025 Proprietary and confidential information 24-07-2025 14