Mphasis Q4 FY26 Revenue Up 7.1% YoY, TCV $407M

Mphasis reported Q4 FY26 revenue growth of 7.1% YoY in constant currency, with direct business growing 9.2% YoY.
Net new Total Contract Value (TCV) for the quarter was $407 million, with 64% being AI-led deals.
The company delivered margins within its target band of 14.75%-15.75% and provided FY27 growth guidance of high single to low double-digit.