Coforge eyes $2-billion revenue run rate by Q4

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Coforge has set a target of hitting $2 billion in annualised revenue run rate by the fourth quarter of this fiscal, the IT services company’s management said in its Investor Day on Monday.

It prompted at least four major brokerages to issue reports on Coforge, betting that a mix of AI-led transformation, proactive large deals and focused bets in select verticals will keep it among the fastest-growing IT services firms despite a still-uneven demand environment.

While Coforge’s management pointed out that tech spending is being reinvented rather than…



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Coforge eyes $2-billion revenue run rate by Q4



Coforge has set a target of hitting $2 billion in annualised revenue run rate by the fourth quarter of this fiscal, the IT services company’s management said in its Investor Day on Monday.

It prompted at least four major brokerages to issue reports on Coforge, betting that a mix of AI-led transformation, proactive large deals and focused bets in select verticals will keep it among the fastest-growing IT services firms despite a still-uneven demand environment.

While Coforge’s management pointed out that tech spending is being reinvented rather than…



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.

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