Mphasis, an IT services company based in Bangalore, is not facing any slowdown in deal wins as of now and is positioned on the right side of the digital spend, a top official has said..

We are confident that in our direct core business, we would see above market growth or above 10 percent growth for FY20, V Suryanarayanan, Executive VP and CFO of Mphasis, noted.

HP/DXC should see an 8-10 percent revenue growth. “In overall direct core, we will be growing above market. But we also have other verticals like logistics, transportation and healthcare where we see a good growth,” he said. Although, the overall IT spend is going up by 2 percent, the digital spend is going up by 16 percent.

The company has raised the lower end of their margin guidance from 15-17 percent to 15.5-17 percent. This was predicted on various factors like lease accounting and rupee depreciation. However, the company does not see much benefit coming in on account of rupee depreciation in FY20 because a large part of their revenues has already been hedged.

First Published:Aug 21, 2019 2:04 PM IST