Coforge Ltd Q1FY24; 2% rise in Profits.

Company Description:

Coforge is an IT services company providing end-to-end software solutions and services. .
It is among the top-20 Indian software exporters. Prominent global customers include British Airways, the ING group, SEI Investments, Sabre, and SITA. Over the years, Coforge has set up subsidiaries in the US, Singapore, Australia, UK, Germany and Thailand, mainly to market and mobilise projects for the software division. The company has business partnerships with large IT companies across the world.

Financial Results:

Coforge Ltd reported Revenues for Q1FY24 of ₹2,221.00 Crores up from ₹1,829.00 Crore year on year, a rise of 21.43%.

Total Expenses for Q1FY24 of ₹2,013.00 Crores up from ₹1,622.00 Crores year on year, a rise of 24.11%.

Consolidated Net Profit of ₹176.00 Crores up 2.33% from ₹172.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹27.05, up 10.05% from ₹24.58 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.