On the contrary, Mphasis has continued to struggle for growth. According to the company, its direct international business was impacted by one client, which reduced business because of cost optimization measures. The direct international business refers to work Mphasis receives from sources other than Hewlett Packard Enterprises (HPE), its erstwhile parent company. Within this business, the so-called direct mature business segment has also witnessed a drop in growth rates. Unless the direct international business shows signs of a recovery, investors would start questioning the outperformance Mphasis shares have enjoyed this year.

Source: Mint November 08, 2016 19:22 UTC