Slide 1: Execution Powered by Intelligent Engineering
Execution Powered by Intelligent Engineering Nitin Rakesh Aravind Viswanathan CEO & Managing Director CFO April 2026
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: Voice of the Customer
Voice of the Customer From experimentation to operationalizing AI at scale, embedding accountability by design Drive structural efficiencies in a self-funded manner Beyond AI productivity – enhance experience, drive revenue and reimagine business Modernization and simplification of complex tech esta
Slide 4: Mphasis Investments in AI Platforms - NeoIP Suite
Mphasis Investments in AI Platforms - NeoIPTM Suite Goal Oriented Agent NextOps NeoOrko NeoArche Orchestration Business & Operations Agents Enterprise Agents Engineering Agents Software Defines Software Reimagines Architecture Software Writes Business Software Product & Ops Configuration Enterprise
Slide 5: Accelerating the Build, while Addressing a Broader TAM
Accelerating the Build, while Addressing a Broader TAM Context Driven Decision Intelligence • Agentic Workflows require a foundation of Enterprise Context and a strong Decisioning engine • Opportunities in applying AI to impact KPI’s beyond productivity and efficiency is much larger TM TAP’s Continu
Slide 6: Doubling Down on AI
Doubling Down on AI AI momentum continues Doubling Down on AI AI momentum continues AI Led Pipeline 68% 69% 69% 69% Pipeline 65% FY TCV Wins (in USD Mn) 55% 2.6 X 35% 30% 25% 12% 13% X 2123 Launch of Mphasis.AI 1380 Mphasis NeoCrux and NeoZeta for AI-Driven 1267 Launch of business unit Modernization
Slide 7: Pipeline Broad-Based Across Verticals, Deal Size, and Archetypes
Pipeline Broad-Based Across Verticals, Deal Size, and Archetypes 9% 38% 38% 26% Data 8% 40% Modernization 11% 89% 12% IT Value Stream 14% Acceleration 3% BFS Security 5% 10% $20 Mn+ Next Ops 18% XaaP 12% 23% Non-BFS 6% Experience 9% 34% 7% < $20 Mn Agile IT Ops 23% 9% Q4’25 Q4’26 Q4’25 Q4’26 Q4’25 Q
Slide 8: Strong Broad-based TCV Wins: 64% AI-led
Strong Broad-based TCV Wins: 64% AI-led Net New TCV Wins ($Mn) Q4FY26 Revenue/ TCV Correlation 2000 From Q1FY25 Revenue (TTM in $ Mn) 1750 760 R² = 0.9091 528 1500 390 428 407 1250 500 1000 1500 2000 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 TCV (TTM in $ Mn) • TCV (net new) for the quarter at $407 Mn • TT
Slide 9: Q4FY26 Revenue Performance by Segment
Q4FY26 Revenue Performance by Segment Q4FY26 Revenue Performance by Segment 451 463 451 463 430 430 Direct Direct Direct Direct YoY YoY QoQ QoQ 10.7% 3.6% 338 354 14.8% 5.1% 376 387 APPS 309 Americas 353 0.8% BPO 66 67 66 -1.6% -2.0% EMEA 6.9% 43 42 45 ROW 34 33 30 2.6% ITO 55 46 43 -12.6% -3.0% -5.
Slide 10: Q4FY26 Performance by Vertical
Q4FY26 Performance by Vertical Q4FY26 Performance by Vertical 451 463 430 Direct YoY Direct QoQ 17.4% 6.4% 234 247 Banking & Financial Services 215 Insurance 49 68 73 46.5% 7.3% TMT 77 -0.1% -9.2% 83 74 Logistics & Transportation 47 24 -50.6% -2.1% 24 Others 43 43 45 5.2% 5.3% Q4FY25 Q3FY26 Q4FY26 •
Slide 11: Client Pyramid Performance: Direct
Client Pyramid Performance: Direct Client Pyramid Performance: Direct YoY Additions in multiple client bands Top Client Metrics TTM YoY Client Additions 139 • Top 1 - 10 grew 13.7% Category YoY QoQ • Top 11 - 30 grew 15.2% $200Mn+ - - 131 $150Mn+ - 1 Top Client Metrics QoQ* 127 $100Mn+ 1 - • Top 1-1
Slide 12: Financial Metrics: Quarterly Performance
Financial Metrics: Quarterly Performance Revenue Trend Operating Margin Trend +2.5% 463 451 430 15.3% 15.4% 15.2% Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 Gross Revenue in $Mn at average USD/INR rate for respective periods # Revenue growth in constant currency *EPS Trend Cash Flow Generation Report
Slide 13: Q4 and FY26 in Summary: Accelerated Growth Momentum; Strong Exit for the Year
Q4 and FY26 in Summary: Accelerated Growth Momentum; Strong Exit for the Year Q4FY26: • Revenue grew 2.5% QoQ and 7.1% YoY in CC; continued growth momentum in BFS and Insurance; strong sequential growth across Americas and EMEA. Gains in strategic accounts and steady ramp up in recent large deals. •
Slide 14: Outlook: Focus on Execution Powered by Intelligent Engineering
Outlook: Focus on Execution Powered by Intelligent Engineering • Accelerate competitive differentiation through our Neo platform investments, aided by the TAP acquisition to accelerate the buildout of the stack. • Sustaining pipeline momentum and deal wins – build on the record TCV momentum of FY26
Slide 15: Analyst Recognitions: Q4FY26
Analyst Recognitions: Q4FY26 • The Infrastructure Outsourcing Services Landscape, Q1 2026 | Forrester • Market Guide for U.S. Healthcare Payer Core Administration • Software Product Engineering Services PEAK Matrix® Assessment 2026 – Global and EMEA • HFS Horizons: Next-gen IT Infrastructure Service
Slide 16: FY-26 Snapshots & Annexure
FY-26 Snapshots & Annexure
Slide 17: FY26 Revenue Performance by Segment
FY26 Revenue Performance by Segment FY26 Revenue Performance by Segment 1,796 1,796 1,681 1,681 1,609 Direct 1,609 Direct YoY YoY 10.5% 1,341 11.8% 1,500 APPS 1,140 1,203 Americas 1,294 1,367 -9.7% BPO 266 271 264 -2.9% EMEA 181 177 166 ROW 135 137 131 15.7% ITO 203 207 191 5.8% FY24 FY25 FY26 FY24
Slide 18: FY26 Performance by Vertical
FY26 Performance by Vertical FY26 Performance by Vertical 1,796 1,681 1,609 Overall YoY Direct YoY 940 15.4% 18.6% 817 Banking & Financial Services 766 Insurance 176 192 262 35.3% 36.0% TMT 257 283 323 13.9% 16.4% Logistics & Transportation 221 209 98 -53.2% -54.3% Others 190 180 174 -4.5% -3.8% FY2
Slide 19: Financial Metrics: FY26 Performance
Financial Metrics: FY26 Performance Revenue Trend Operating Margin Trend +6.7% 1,796 1,681 1,609 15.3% 15.3% 15.1% FY24 FY25 FY26 FY24 FY25 FY26 Gross Revenue in $Mn at average USD/INR rate for respective periods # Revenue growth in constant currency *EPS Trend Cash Flow Generation Reported 10.4% No
Slide 20: DSO Movement
DSO Movement DSO in Days 91 90 YoY QoQ 75 87 +15 +4 91 Debtors 76 Debtors Contract Assets 4 0 -5 -1 -1 Contract Assets Q4’25 Q3’26 Q4’26 © Mphasis 2026 Proprietary and confidential information 20
Slide 21: Link to financial data for the past three years
Link to financial data for the past three years: https://www.mphasis.com/home/corporate/investors.html About Mphasis At Mphasis, engineering has been in our DNA since inception. Mphasis is an AI-led, platform-driven company with human-in-the-loop intelligence, helping global enterprises modernize, i