FROM THE CEO

Dear Shareholder,

I am delighted to share our strong financial results of the past year and express my optimism for the year ahead. As you are aware, the last two years have seen businesses across industries increase their adoption of digital technology to grow and innovate. At Mphasis, we successfully enabled technology-powered agility to help our clients meet and exceed their customers’ expectations. Each of our employees has contributed to the accomplishments of the year past with their expertise and resilience, despite the continuing pandemic. It is their hard work and dedication that fuels us to drive excellent client outcomes and undertake innovative digital transformation initiatives.

We unveiled our brand transformation campaign – ‘Engineering is in our DNA’ – a fresh approach that helps organizations to unlock their new digital future. At its core, it is aligned with our key priority of addressing our clients’ complex problems with design-thinking principles, and harnessing digital technology to deliver impactful business outcomes. It showcases how we at Mphasis lead with design and architecture to build our portfolio of next-generation offerings and services that blend deep domain expertise with cutting-edge technology.

Fiscal Year (FY) 22 has been a breakthrough year for your Company -

• Consolidated gross revenue grew 22.4% on a reported basis, and 21.2% in constant currency
• Grew our Earnings Per Share (EPS), a key growth indicator, by 17.2% to INR 76.4
• Won new deals in Direct Business worth TCV $1.43 billion
• Diversified sales and operations into multiple geographies, such as Germany, Canada and Mexico
• Acquired Blink UX, a user experience research, strategy, and design firm
• Undertook strategic partnerships with companies such as Securonix and Stonebrook

As a responsible and conscious corporate citizen, we are purposefully ‘shifting left’ to integrate sustainability across our operations. We are committed to demonstrating what it means to be an industry leader in setting exceptional standards, driven by a purpose-led approach to overcome challenges. We participated in the S&P Global’s Dow Jones Sustainability Index (DJSI) through its Corporate Sustainability Assessment (CSA) Annual Review 2021 process and scored 47/100, which is above the industry average of 34.

Through the Mphasis F1 Foundation, we have contributed towards our social objective to provide positive impact and relief measures in the following areas:

• Incubation and livelihood: The/Nudge Institute (that we support), inaugurated by Karnataka’s Honorable Chief Minister, envisions a poverty-free India in our lifetime. We have been onboarded as a Founder and Patron of this ‘action development institute’ and will support its powerful vision through incubation and start-up acceleration of the best not-for-profits in the country. Through The/Nudge, we have trained more than 1,200 college women from financially stressed backgrounds on vocational skills, and enabled 100% placement.
• University partnership: Through Ashoka’s ‘Everyone a Changemaker’ effort, we supported youth changemakers to institutionalize and grow their community initiatives and create a significant impact within their communities. We continue to support the education and improvement of learning outcomes of 1,500 Akanksha school children this year.
• COVID-19 relief: We implemented and participated in multiple relief efforts during the second wave of COVID-19 in India.

Our success would not be possible without our exceptional employees and our leadership team, and I wish to thank them for their relentless pursuit of excellence throughout the last financial year and their unmatched guidance.

I am also grateful for the support of our shareholders and their continued trust in the Company. We are confident that we are building a stronger, more resilient organization in this post-pandemic era.

This financial year, we will continue to focus on superior client service and investments in newer technologies, and I look forward to even greater achievements.

Regards,