Coforge reports 1.1% decline in net profit at Rs 122 cr in D

Coforge reports 1.1% decline in net profit at Rs 122 cr in Dec quarter


IT firm Coforge Ltd (formerly NIIT Technologies) on Thursday reported a 1.1 per cent decline in consolidated net profit to Rs 122 crore for the December quarter.
The company had posted a net profit of Rs 123.3 crore in the year-ago period, Coforge said in a regulatory filing.
However, its consolidated revenue from operations rose 10.9 per cent to Rs 1,190.6 crore in the quarter under review from Rs 1,073.4 crore in the year-ago period, it added.
On a sequential basis, Coforge's net profit was higher by 1 per cent from Rs 120.7 crore in the September 2020 quarter, while revenue from operations was up by 3.2 per cent from Rs 1,153.7 crore.

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