MphasiS net surges 201% to Rs 41 crore
The Economic Times, April 15, 2002.

Bangalore: The MphasiS BFL Group on Tuesday reported Rs 40.98 crore net profit for the year ended March 31, 2002, a 201 per cent jump over the previous year's Rs 13.61 crore.

The company said in a statement its consolidated revenues for 2001-2002 increased 14.6 per cent from Rs 273.34 crore in the previous year to Rs 313.35 crore.

The Board of Directors have recommended a dividend of 15 per cent for the year 2001-2002, up from 10 per cent last fiscal.

"We are now a 2000 strong group and have added two software development centers and a call center this quarter". Jerry Rao, the company's Chairman and Managing Director, was quoted as saying.

"We are well poised to take advantage of the situation when the markets improve", he added.

The group added 11 new clients including two in MphasiS BPO, the group call centre subsidiary, the statement said.