Coforge Ltd. share price target

In 3QFY16: Revenue share by service mix: Application Development & Maintenance (67%), System integration & Package implementation (4%), IMS (16%), IP assets (8%) & BPO (5%) segments. Vertical mix: BFSI (38%), Transportation (36%), Manufacturing & Retail (9%), Government (3%) and others (14%). Geography mix: America (46%), EMEA (34%), India (10%) and APAC (10%). Company has total headcount of 9,517;...

Background: NIIT Technologies with FY15 revenues of INR 23.7bn has built a strong prowess in Application Development & Maintenance (63%), System integration & Package implementation (8%), Managed services (16%), IP assets (8%) & BPO (5%) segments. The company operates in verticals of BFSI (36%), Transportation (37%), Manufacturing & Retail (6%), Government (5%) and others (16%). The company's business is spread across US (45%), EMEA (35%) and ROW (20%). With a total...

NIIT Tech's 1QFY16 revenues at US$ 100.2mn grew 2.8% qoq, lower than our expectationof4.4%buthigherthanconsensusexpectationsof2%.Therevenuegrowth waslargelybecauseofgrowthinBFS(+9.6%qoq)andinsurance(+14.2%qoq).Organic...

Background: Incorporated in 2004, NIIT Technologies with FY15 revenues of INR 23.7bn has built a strong prowess in Application Development & Maintenance (63%), System integration & Package implementation (8%), Managed services (16%), IP assets (8%) & BPO (5%) segments. The company operates in verticals of BFSI (36%), Transportation (37%), Manufacturing & Retail (6%), Government (5%) and Others (16%). The company's business is spread across US (45%), EMEA (35%) and ROW...

The company also announced acquisition of 51% stake in BPM specialist Incessant Technologies' to foray into the digital integration domain. Incessant Technologies clocked revenue of US$ 17mn in FY15. NITEC has paid 2x P/Sales to acquire the...

Background: Incorporated in 2004, NIIT Technologies with FY15 revenues of INR 23.7bn has built a strong prowess in Application Development & Maintenance (61%), System integration & Package implementation (7%), Managed services (17%), IP assets (9%) & BPO (6%) segments. The company operates in verticals of BFSI (33%), Transportation (40%), Manufacturing & Retail (7%), Government (5%) and Others (15%). The company's business is spread across US (44%), EMEA (36%) and ROW...

with FY14 revenues of INR 23.1bn has built a strong prowess in Application Development & Maintenance (63%), System integration & Package implementation (10%), Managed services (13%), IP assets (9%) & BPO (5%) segments. The company operates in verticals of BFSI (34%), Transportation (37%), Manufacturing & Retail (7%), Government (8%) and Others (14%). The company's business is spread across US(42%),...

Background: Incorporated in 2004, NIIT Technologies with FY14 revenues of INR 23.1bn has built a strong prowess in Application Development & Maintenance (63%), System integration & Package implementation (10%), Managed services (13%), IP assets (9%) & BPO (5%) segments. The company operates in verticals of BFSI (34%), Transportation (37%), Manufacturing & Retail (7%), Government (8%) and Others (14%). The company's business is spread across US(42%), EMEA(37%) and ROW...

Background: Incorporated in 2004, NIIT Technologies with FY14 revenues of INR 23.1bn has built a strong prowess in Application Development & Maintenance (63%), System integration & Package implementation (10%), Managed services (13%), IP assets (9%) & BPO (5%) segments. The company operates in verticals of BFSI (34%), Transportation (37%), Manufacturing & Retail (7%), Government (8%) and Others (14%). The company's business is spread across US(42%), EMEA(37%) and ROW...