Coforge posts 10% rise in profit, revenue jumps 43%

Share via:


Mid-tier IT services company Coforge reported a 10.3% year-on-year (YoY) rise in net profit at Rs 268 crore for the October to December quarter of the ongoing fiscal year ending March 2025. This compares with Rs 242.8 crore profit in the same quarter a year ago.Profit was helped by a 40% rise in order bookings at $1.37 billion winning four large deals across key regions of North America and Southeast Asia in a weak quarter affected by furloughs and lesser working days.

In the September quarter, profit stood at Rs 255.2 crore, showing a sequential…



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 posts 10% rise in profit, revenue jumps 43%


Mid-tier IT services company Coforge reported a 10.3% year-on-year (YoY) rise in net profit at Rs 268 crore for the October to December quarter of the ongoing fiscal year ending March 2025. This compares with Rs 242.8 crore profit in the same quarter a year ago.Profit was helped by a 40% rise in order bookings at $1.37 billion winning four large deals across key regions of North America and Southeast Asia in a weak quarter affected by furloughs and lesser working days.

In the September quarter, profit stood at Rs 255.2 crore, showing a sequential…



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

World Finance Council Announces WFC Fintech 2025 Dubai: Redefining...

The World Finance Council proudly unveils the highly anticipated...

Infosys expands its campus in Hyderabad, to create 17,000...

Infosys Ltd, India's second-largest IT services firm and...

New Business, New Opportunities in Shanghai at NEPCON China...

NEPCON China is the leading B2B event in the...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!