Mphasis recognized as a Contender in Application Modernization and Multicloud Managed Services Evaluation Report

Mphasis, an Information Technology provider specializing in cloud and cognitive services, today announced that it has been included as a 'Contender' in The Forrester Wave™: Application Modernization And Multicloud Managed Services, Q1 2025 by Forrester Research, Inc.

According to the report, Mphasis serves an important role in its specialized industries, bringing extensive experience in transaction-intensive industry modernization and legacy technologies. The evaluation recognizes Mphasis' skills in highperformance IBM legacy environments, making it well-suited for modernization efforts involving legacy platforms in the banking, finance, and airline industries.

"We believe this recognition by Forrester highlights our dedication to driving transformation through specialized modernization solutions," said Srikumar Ramanathan, Chief Solutions Officer, Mphasis. " Clients value our deep domain expertise in modernizing legacy systems and integrating multi-cloud capabilities. This acknowledgement reinforces our commitment to helping enterprises optimize operations, scale efficiently, and achieve sustainable growth in a rapidly evolving digital landscape."

In an extensive evaluation, Forrester researched, analyzed, and scored fifteen top providers in the application modernization and multi-cloud managed services sector based on strategy and current offering. The report serves as a valuable resource for organizations seeking partners to navigate complex modernization and cloud transformation initiatives.

Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester's objectivity here.

Shares of MphasiS Limited was last trading in BSE at Rs. 2688.75 as compared to the previous close of Rs. 2701.60. The total number of shares traded during the day was 11048 in over 2135 trades.

The stock hit an intraday high of Rs. 2746.10 and intraday low of 2677.85. The net turnover during the day was Rs. 29939654.00.

Source : Equity Bulls

Keywords

Mphasis INE356A01018 Contender TheForresterWave