{"id":142803,"date":"2023-02-24T12:05:09","date_gmt":"2023-02-24T17:05:09","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142803"},"modified":"2023-02-24T12:05:10","modified_gmt":"2023-02-24T17:05:10","slug":"earnings-coforge-ltd-nsecoforge-q3fy23-results-out-total-income-rise-25-yoy","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/earnings-coforge-ltd-nsecoforge-q3fy23-results-out-total-income-rise-25-yoy\/","title":{"rendered":"Earnings |Coforge Ltd (NSE:COFORGE): Q3FY23 Results Out; Total Income rise 25% YoY"},"content":{"rendered":"\n

Coforge Ltd (NSE:COFORGE)<\/a> is a leading global IT solutions and services company that provides a wide range of services, including application development and maintenance, enterprise solutions, infrastructure management, testing, and engineering services. It has a global presence in over 30 countries and serves clients in various industries such as banking, financial services, insurance, healthcare, manufacturing, retail, and travel.<\/p>\n\n\n\n

Coforge Ltd, announced its Q3FY23 results, reporting a revenue of Rs 20,558 million and US$ 251.7 million, which is a 3.7% QoQ and 20.7% YoY growth in constant currency terms. In Rs terms, the revenue grew by 4.9% QoQ and 24.0% YoY. The company’s adjusted EBITDA margin for the quarter was 18.5%.<\/p>\n\n\n\n

Coforge Ltd’s board recommended an interim dividend of Rs 19 per share, with a record date of February 3, 2023. The company also reported a record order intake of US$ 345 million, the fourth consecutive quarter of US$ 300 million order intake. The total order book executable over the next 12 months was at US$ 841 million.<\/p>\n\n\n\n

During the quarter, Coforge Ltd added 11 new clients, and its headcount at the end of the quarter was at 22,505, with LTM attrition down 60 bps QoQ to 15.8%. Offshore revenue contribution (IT revenue only) increased to 50.5%.<\/p>\n\n\n\n

The company’s CEO, Sudhir Singh, said, “The firm has signed the largest number of large deals in a quarter in its history. Consequently, the order intake at US$ 345 million has been the highest ever. This performance in a seasonally weak quarter sets us up very well for FY2024.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Coforge Ltd (NSE:COFORGE) is a leading global IT solutions and services company that provides a wide range of services, including application development and maintenance, enterprise solutions, infrastructure management, testing, and engineering services. It has a global presence in over 30 countries and serves clients in various industries such as banking, financial services, insurance, healthcare, manufacturing, […]<\/p>\n","protected":false},"author":1932,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,8],"tags":[8532],"class_list":["post-142803","post","type-post","status-publish","format-standard","hentry","category-earnings","category-technology-stocks","tag-technology"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":139311,"url":"https:\/\/alphastreet.com\/india\/infographic-coforge-ltd-nse-coforge-q3-fy23-results-out\/","url_meta":{"origin":142803,"position":0},"title":"Infographic| Coforge Ltd.(NSE: COFORGE) | Q3 FY23 Results Out","author":"Divyansh_Kasana","date":"January 26, 2023","format":false,"excerpt":"Coforge Limited(NSE: COFORGE) is a global information technology (IT) services company based in India. 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