A third of Mphasis’ deal pipeline is AI-led: CEO Nitin Rakesh

Mid-tier IT firm Mphasis, which on Thursday night reported a 2.1% increase in first-quarter net profit, is now seeing a third of its deal pipeline being led by artificial intelligence, chief executive Nitin Rakesh said.

Mphasis reported a net profit of Rs 404 crore for the quarter ended June 30. Revenue from operations grew 0.2% sequentially and 4.6% from a year earlier to Rs 3,420.8 crore.