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Earnings | Coforge Ltd (NSE: COFORGE) | Q4FY23 Results Out; Total Income rises 23% YoY.


Coforge Ltd is a leading Indian IT services company offering comprehensive software solutions and services. It ranks among the top 20 software exporters in India and serves prominent global clients such as British Airways, ING Group, SEI Investments, Sabre, and SITA. With subsidiaries in multiple countries, including the US, Singapore, Australia, UK, Germany, and Thailand, Coforge effectively markets and executes software projects. Additionally, the company maintains valuable partnerships with major IT firms worldwide.


• Coforge Ltd Reported Total Income for Q4 FY23 of ₹2,172 Crore up from ₹1,766 Crore year on year, a growth of 23%.
• Total Expenses for Q4 FY23 of ₹ 1,965 Crore up from ₹1,507 Crore year on year, a growth of 30%.
• Consolidated Net Profit of ₹117 Crore, down 48% from ₹225 Crore in the same quarter of the previous year.
• The Earnings per Share is ₹ 18.80, down 45% from ₹ 34.10 in the same quarter of the previous year.

Categories: Earnings
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