MPS Limited Q3 FY2022 Earnings Conference Call Transcript.pdf

- Financial Performance: MPS Limited reported robust earnings per share (EPS) growth of over 23% year-on-year in Q3 FY22, reaching INR 12.18 per share. While revenue in Q3 was lower due to the decline in the HighWire business, other lines showed strong growth and excellent margins.

- Business Highlights:

- eLearning: The eLearning business is experiencing a recovery year with significant growth in order book and pipeline (25% above three-year median). Key trends include increased demand for digital onboarding, employee retention solutions, and experiential learning formats like games, simulations, and AR/VR. MPS has introduced an XR Optimus technology to facilitate the distribution and tracking of Extended Reality content.

- Education Practice: Continuing its expansionary trend, the Education Practice saw 8% revenue growth in Q3 FY22. The shift towards digitally-driven products and higher value services is driving demand. MPS is establishing a dedicated Digital Studio in India to cater to educational publishing partners' unique needs.

- Accessibility & D&I: The company has prioritized accessibility, diversity, and inclusion (D&I) with staff training and certification, gaining momentum with key K-12 and Higher Education customers.

- Global Delivery Model: MPS maintains a competitive edge through its global delivery model, strong communication, and knowledge transfer between onshore and offshore teams.

- Future Outlook: The eLearning market is expected to continue growing positively, with MPS poised for further step-up in FY23.