Is Mphasis losing FedEx business? Mphasis issues clarification, reiterates ties with FedEx

Mphasis issued a clarification regarding a recent news report that claimed the IT services firm is set to lose business from FedEx, one of its significant clients.

According to a Mint report on June 1, FedEx is set to terminate its long-standing business relationship with Mphasis, reportedly accounting for 8% of the Bengaluru-based firm’s revenue. The report claims FedEx has selected Accenture to handle much of its IT work going forward.