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AI NewsAI Deals Now Make Up 63% of Mphasis' New Contracts as Q1 Profit Rises 11% YoY

AI Deals Now Make Up 63% of Mphasis' New Contracts as Q1 Profit Rises 11% YoY

12:53 PM IST · July 24, 2026

AI Deals Now Make Up 63% of Mphasis' New Contracts as Q1 Profit Rises 11% YoY

Mphasis’ operating margin narrowed as higher costs weighed on profitability despite strong deal momentum and acquisitions.

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Adobe Names Anil Chakravarthy as CEO, Shantanu Narayen to Become Executive Chair

Adobe Names Anil Chakravarthy as CEO, Shantanu Narayen to Become Executive Chair

The leadership change comes as Adobe expands its focus on agentic software across creativity, productivity and customer experience.

5 hours ago

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ITC Infotech-Happiest Minds Merger Is a Warning Shot for India's Mid-Tier IT

ITC Infotech-Happiest Minds Merger Is a Warning Shot for India's Mid-Tier IT

The ₹7,000-crore merger creates scale. But its bigger significance lies in what it says about the pressure building on India’s mid-sized IT services firms.

5 hours ago

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Genesys Launches New Innovations To Automate End-To-End Customer Service

Genesys Launches New Innovations To Automate End-To-End Customer Service

Snippet: The platform retains information across interactions, determines its actions and coordinates work between AI and human employees while operating within predefined business rules.

5 hours ago

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MongoDB Appoints Richard Scott as SVP for Asia Pacific & Japan

MongoDB Appoints Richard Scott as SVP for Asia Pacific & Japan

Scott, who brings more than 25 years of experience across the technology sector, joins MongoDB after holding senior roles at Salesforce, Microsoft and SAP.

5 hours ago

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