IT Consulting & Software company Coforge announced Q2FY24 results: Financial Highlights: -Revenue for Q2FY24 was Rs 22,762 million and USD 278.1 million - Q2FY24 revenue increased by 2.3% QoQ and 14.1% YoY, in constant currency terms. - Adj. EBITDA margin improved by 160 bps QoQ. - Q2FY24 consolidated PAT was Rs 1,810 million, up 9.5% QoQ. Business Highlights: - Three large deals were signed during the quarter. - Order intake was USD 313 million, marking the seventh consecutive quarter of USD 300+ million deal wins. - Total order book executable over the next 12 months at USD 935 million, representing a 16.6% YoY growth. - Added 8 new clients during the quarter, bringing the total number of clients to 61+ Forbes Global 1000 clients. - Headcount increased to 24,638, with a net addition of 414 QoQ. "At the end of the first half, the firm has grown 16.2% in CC terms despite a very challenging market context. This reflects once again, the exceptional execution intensity and commitment of all members of Team Coforge." - Sudhir Singh, CEO, Coforge. Result PDF
Conference Call with Coforge Ltd. Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.