Coforge Ltd.

NSE: COFORGE | BSE: 532541 | ISIN: INE591G01017 | Industry: IT Consulting & Software
| Expensive Performer
3821.55 -64.45 (-1.66%)
NSE Aug 10, 2022 13:49 PM
Volume: 135.2K

Rapid Results Alerts
Coforge Ltd.    
22 Jul 2022

IT Consulting & Software company Coforge Announced Q1FY23 Result :

  • Coforge posts strong Q1 FY23 results; revenue up 4.7% QoQ in CC terms
  • Revenue up 4.7% QoQ in CC terms; up 25.2% YoY Adjusted EBITDA up 27.7% YoY
  • Order intake of $315 million during the quarter including two large deals Board recommends interim dividend of INR 13 per share
  • Revenue for the quarter was INR 18,294 million and $238.7 million
    • Up 4.7% QoQ in constant currency terms
    • Up 25.2% in INR terms YoY
  • Adjusted EBITDA margin for the quarter (which reflected full impact of annual wage hikes across the firm and continued investments to drive growth) was 16.5%, an increase of 27.7% YoY in INR terms

“The fifth deal in the last five quarters with a TCV greater than USD 50 Million was signed during this quarter. The size and velocity of large deals, including a USD 100 plus Million deal, sets us up for continued robust growth. Equally importantly it helps us further enhance our offshore operations helping us build strong moats around margin defence.” said Mr. Sudhir Singh, Chief Executive Officer, Coforge Ltd.



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