Mphasis hit a seven year high today at Rs.735 on the back of its very good performance for Q2FY18.

The company posted a 6% (QoQ) growth in net profit at Rs.198 crore and revenue rose 4.5% at Rs.1604 crore. EBIT showed a 9% rise at Rs.231 crore and margins were better from 13.8% to 14.4%.

Improved utilization and better pricing realisations in onsite delivery helped growth.