Mid-sized IT companies such as Coforge, Persistent, and Mphasis have shown robust growth in Q4FY26 due to factors like increased deal activity, rising demand from specific sectors, and vendor consolidation. These factors are contributing to the outperformance of mid-tier IT firms compared to their larger counterparts.

Mphasis Ltd has scheduled an earnings conference call for April 30, 2026, following the release of their Q4 and FY26 results. The call will offer webcast, virtual access, and replay options with further details available on the company's website.

Mphasis Limited saw a significant surge of 5.16% today, outpacing its sector and marking a notable difference of 1.47 percentage points. This performance has sparked discussions among investors about whether it indicates a recovery or a technical bounce in the current mixed market conditions.

Mphasis successfully concludes the initial phase of upgrading Flagstar Bank's technology infrastructure, combining six data centers into two more efficient units. This transformation ensures a seamless operation experience for Flagstar Bank while enhancing their operational resiliency with zero downtime.

Mphasis has been slapped with a tax demand of approximately INR 151.7 crore for FY20-21 due to TDS on foreign transactions. The firm intends to challenge the decision, asserting that there will be no significant financial repercussions.