A leading IT solutions provider has secured a U.S. patent for a novel system aimed at optimizing quantum machine learning processes. The innovation enhances performance and scalability on quantum computing platforms, including simulators, highlighting a major step forward in the integration of AI and quantum technologies.
Price Movement
During Wednesday’s trading session, shares of Mphasis Ltd jumped to an intraday peak of Rs.2,149.50 each, reflecting a slight decrease from the prior closing price of Rs.2,168.90 per share. Over the past five years, the stock has delivered over 220 percent returns.
What happened
Mphasis has been granted a U.S. patent for an advanced system designed to enhance data handling within quantum computing environments, particularly in quantum machine learning (QML). The patented method boosts performance and scalability on both quantum simulators and near-term quantum systems.
The innovation enables the transformation of complex classical data into a quantum-friendly format, allowing for efficient quantum state preparation without significantly increasing the number of qubits required. This approach helps manage large datasets and complex features effectively, supporting faster and more accurate training of QML models. The result is a significant step toward unlocking new capabilities in data analysis that go beyond what conventional computing can achieve.
Management Commentary
“Quantum Machine Learning (QML) is emerging as a transformative paradigm, enabling academia and industry to solve real-world AI challenges with unprecedented efficiency. This technology and the associated patent stand as a testament to our commitment to innovation and the advancement of next-generation technologies,” said Srikumar Ramanathan, Chief Solutions Officer, Mphasis.
Services and Offerings
Mphasis offers a comprehensive suite of IT services tailored to meet the evolving needs of businesses across industries. Its application services focus on the development and maintenance of scalable, robust systems, while its business process services aim to streamline operations and improve customer experience. The company also leverages cutting-edge technologies such as artificial intelligence and machine learning through its cognitive services to drive intelligent business operations.
Cloud services support clients in their digital transformation journeys, while blockchain solutions enhance transparency and efficiency across sectors. Additionally, Mphasis provides advanced cybersecurity solutions to ensure data protection and regulatory compliance, along with DevOps automation to accelerate delivery cycles and foster continuous innovation.
Financial Performance
Mphasis Ltd delivered a good financial performance in Q3 FY25, with revenue increasing by 7 percent year-on-year to Rs.3,561 crore, compared to Rs.3,338 crore in Q3 FY24. The company also witnessed a 15 percent surge in net profit, which climbed to Rs.428 crore from Rs.374 crore in the corresponding period last year.
Accounting Ratios
The company has a Return on Capital Employed (ROCE) of 21.58 percent and a Return on Equity (ROE) of 18.39 percent. Its Price-to-Earnings (P/E) ratio stands at 25.01, lower than the industry average of 35.36. Furthermore, the company maintains a Current Ratio of 2.35, a debt-to-equity ratio of 0.21, and an Earnings Per Share (EPS) of Rs.86.75.
Written by – Siddesh S Raskar
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