Mphasisreported a good third quarter. Revenue on YoY basis increased by ~15% whereas on QoQ basis increased by ~4%. The YoY PAT growth was around 18%. Margins have declined slightly over the last quarter and by a wider margin over the same period last year. Since the rate card is negotiated every six months, the current impact can be seen due to the recent negotiations during the second quarter of FY10.
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