Orders6 Oct 2026 · Tue
MPHASISMphasis
Mphasis signs a £35.4 million Social Security Scotland platform deal
Mphasis said it will manage and maintain the core benefits case-management platform of Social Security Scotland in a deal worth about £35.4 million.
Price, Tuesday's close₹2,284.90▼ 0.53%
Last 5 days
52-week low ₹1,960.4052-week high ₹2,897.30
- Sector
- IT services
What happened
- Mphasis announced a contract worth about £35.4 million with Social Security Scotland, according to Upstox and the Free Press Journal.
- It will manage and maintain the agency's benefits platform, which serves about 2 million citizens in Scotland.
- The announcement extends an existing relationship with the agency. The company made the disclosure after market hours.
- The shares closed at ₹2,284.90, down 0.53%.
Why it matters
Good to know: Contract values are announced totals. The revenue is usually recognised gradually over the length of the contract, which the company did not state in the reports.
Key facts
- Contract value
- About £35.4 million
- Client
- Social Security Scotland
- Scope
- Manage and maintain benefits platform
Read the source
This is a summary of public news about Mphasis, for information only. It is not a recommendation to buy, sell or hold MPHASIS.