Mphasis announced the inauguration of its new Cyber Fusion Center in Bangalore, India. This cuttingedge facility is designed to offer 24x7 advanced threat detection, incident response, and continuous threat monitoring for global clients across industries, helping organizations navigate the increasingly complex landscape of cybersecurity.The Bangalore Center is a strategic addition to Mphasis` Cyber Fusion Centers, which focuses on leveraging Artificial Intelligence (AI), machine learning (ML), and automation to detect, analyze, and mitigate evolving cyber threats in realtime. By implementing advanced threat management practices, including breach and attack simulations, threat hunting, and forensic analysis, the cyber fusion center will enhance organizations` ability to identify and respond to security incidents with unmatched precision and speed.Mphasis` cyber fusion center is designed to improve cyber threat response efficiency by over 60% and accelerate responses to supply chain breaches by more than 50%. Through this state-of-the-art facility, Mphasis focuses on reducing the attack surface by 45% via advanced features such as breach simulation, leaked credential protection, attack surface monitoring, supply chain risk monitoring, and phishing detection and remediation. This comprehensive approach empowers organizations to proactively defend against an evolving array of threats while optimizing their operational resilience. With the rapid adoption of AI in cybersecurity, Mphasis is poised to drive transformative outcomes in threat management. The new cyber fusion center offers 100% visibility of threat landscapes across IT and operational technology (OT) platforms, addressing common challenges such as mutable threats, insider risk exposure, and the growing complexity of security incidents. Powered by Capital Market - Live News

Mphasis has approved the allotment of 37,722 and 93,663 Equity shares against exercise of Employee Stock Options (ESOPs) and Restricted Stock Units (RSUs) under Employee Stock Options Plan 2016 (ESOP 2016) and Restricted Stock Units Plan 2021 (RSU Plan 2021) respectively. Powered by Capital Market - Live News

The Board of Mphasis at its meeting held on 16 October 2024 has approved the investment of up to o � 30 million in the equity share capital of Mphasis Europe BV, a wholly owned subsidiary of the Company. Powered by Capital Market - Live News

Net profit of Mphasis rose 8.01% to Rs 423.33 crore in the quarter ended September 2024 as against Rs 391.95 crore during the previous quarter ended September 2023. Sales rose 7.92% to Rs 3536.15 crore in the quarter ended September 2024 as against Rs 3276.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3536.153276.50 8 OPM %18.3218.18 - PBDT666.13610.64 9 PBT562.57521.66 8 NP423.33391.95 8 Powered by Capital Market - Live News

Mphasis announced the election of Jan Kathleen Hier, the Company`s Independent Director since December 2015, as the Chairperson of the Board, effective 1 October 2024. Hier succeeds Davinder Singh Brar, who retires effective 30 September 2024, consequent to successful completion of term, as an Independent Director, approved by the shareholders.Hier previously served as a partner at a start-up and as Executive Vice President at Charles Schwab, where she led centralized support services, including Schwab Technology Services, Operational Services, Corporate Project Management, Operational Risk Management, and Offshore Services. During her tenure at Schwab, she also held several senior leadership positions, including Chief Information Officer, Executive Vice President of Human Resources, and Head of Electronic Brokerage Technology.Powered by Capital Market - Live News