Coforge misses estimates, posts 138% YoY jump in Q1 profit; revenue surges 50%

Share via:



Despite missing analyst estimates, mid-tier IT company Coforge outperformed its peers in the first quarter of fiscal year 2026, reporting a 138.4% year-on-year (YoY) rise in net profit to Rs 317.4 crore. Revenue surged over 54% both in rupee and dollar terms, to Rs 3,688.6 crore and $442.4 million, respectively.

Coforge missed Bloomberg consensus estimates, which had pegged its June quarter net profit at Rs 335 crore and revenue at Rs 3,723 crore.

This led the stock, which had briefly made gains earlier in the week, to slip over 9% on Thursday until…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Coforge misses estimates, posts 138% YoY jump in Q1 profit; revenue surges 50%



Despite missing analyst estimates, mid-tier IT company Coforge outperformed its peers in the first quarter of fiscal year 2026, reporting a 138.4% year-on-year (YoY) rise in net profit to Rs 317.4 crore. Revenue surged over 54% both in rupee and dollar terms, to Rs 3,688.6 crore and $442.4 million, respectively.

Coforge missed Bloomberg consensus estimates, which had pegged its June quarter net profit at Rs 335 crore and revenue at Rs 3,723 crore.

This led the stock, which had briefly made gains earlier in the week, to slip over 9% on Thursday until…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Adafruit: Arduino’s Rules Are ‘Incompatible With Open Source’

The open source hardware community is debating Arduino’s...

The Best Bike Gear for Your Brisk, Wintry Commute...

FAQsWe asked Joshua Hale, general manager of commuter bike...

The Apple iPhone 17 Pro Keeps Cool While Playing...

The iPhone 17 Pro is the best phone Apple...

Popular