Slide 1: Accelerating AI Adoption to Enterprise Agency
Accelerating AI Adoption to Enterprise Agency Nitin Rakesh Aravind Viswanathan CEO & Managing Director CFO July 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: AI Adoption is Shifting from Experimentation to Accountable Enterprise Outcomes
AI Adoption is Shifting from Experimentation to Accountable Enterprise Outcomes AI Adoption is Shifting from Experimentation to Accountable Enterprise Outcomes Mphasis TRIATM : Converting AI investment into governed What clients are saying decisions and measurable economic outcomes Validated Market
Slide 4: Mphasis TRIA off to a Strong Start
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 the target state • “Enterprise Agency has to be built and ca
Slide 5: Positioned for Accelerated Momentum in Q2FY27
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 cc terms in the last 3 years • Maintain the revenue and ma
Slide 6: Doubling Down on AI
Doubling Down on AI AI momentum continues 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 428 461 390 407 351 319 255 241 207 177 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1
Slide 7: Broad Based Pipeline Across Verticals, Deal Size, and Archetypes
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% < $20 Mn Experience 11% 8% Agile IT Ops 17% 8% Q4’26 Q1’27 Q4’26 Q1’27 Q1’
Slide 8: Strong Broad Based TCV Wins: 63% AI-led
Strong Broad Based TCV Wins: 63% AI-led Net New TCV Wins ($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 Q4FY26 Q1FY27 • TCV (net new) for the quarter at $461 Mn • TT
Slide 9: Q1FY27 Revenue Performance by Segment
Q1FY27 Revenue Performance by Segment 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% EMEA 38 45 38 ROW 34 30 32 1.8% 6.1% ITO 50 43 41 -11.5% -3
Slide 10: Q1FY27 Performance by Vertical
Q1FY27 Performance by Vertical 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% -15.9% 25 24 20 Others 43 45 47 11.7% 5.2% Q1FY26 Q4FY26 Q1FY27
Slide 11: Client Pyramid Performance: Direct
Client Pyramid Performance: Direct 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+ - - $150Mn+ - (1) 127 Top Client Metrics TTM QoQ* $100Mn+ - - $7
Slide 12: Financial Metrics: Quarterly Performance
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 in constant currency EPS Trend Cash Flow Generation Reporte
Slide 13: DSO Movement
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 14: Summary and Way Forward
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 record levels: 8% QoQ and 28% YoY growth in pipeline • Strong TC
Slide 15: Thank You!
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 human-in-the-loop intelligence, helping global enterprises m
Slide 16: Analyst Recognition: Q1FY27
Analyst Recognition: Q1FY27