Infographic| Coforge Ltd.(NSE: COFORGE) | Q3 FY23 Results Out

Coforge Limited(NSE: COFORGE) is a global information technology (IT) services company based in India. The company provides a range of IT services and solutions to clients across various industries, including banking and financial services, insurance, healthcare, telecommunications, and retail. They offer services such as software development, digital transformation, application maintenance and support, testing, and infrastructure management. Coforge has a strong presence in India, North America, Europe, and Asia-Pacific. The company was founded in 2000 and is headquartered in Noida, India

Coforge Limited has announced its Q3FY23 financial results. The company’s revenue for the quarter was Rs 20,558 million and US$ 251.7 million, an increase of 3.7% quarter-on-quarter (QoQ) and 20.7% year-on-year (YoY) in constant currency (CC) terms, and 4.9% QoQ and 24.0% YoY in Rupee (Rs) terms. The company’s adjusted EBITDA margin for the quarter stood at 18.5%. The board has recommended an interim dividend of Rs 19 per share, and the record date for this payout will be February 3, 2023.

Coforge also reported record order intake of US$ 345 million in Q3FY23, marking the fourth consecutive quarter of US$ 300 million order intake. The company’s total order book executable over the next 12 months is at US$ 841 million. During the quarter, Coforge added 11 new clients to its portfolio. The company’s headcount at the end of the quarter stood at 22,505, and LTM attrition was down 60 bps QoQ to 15.8%. The offshore revenue contribution (IT revenue only) increased to 50.5%.