Hold Coforge; target of Rs 4910: Axis Securities
Axis Securities recommended hold rating on Coforge with a target price of Rs 4910 in its research report dated July 21 2023.
Source: moneycontrol.com
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Coforge records order of intake of $531 mn in Q1, lays a very strong foundation for the year
Coforge announced its financial results for the quarter ended June 30, 2023 (Q1FY24). The Company reported strong operating and financial performance in a challenging quarter for the industry.
Source: technuter.com
Indian IT firm Coforge posts higher Q1 profit, back FY forecast on robust order book
Indian information technology services firm Coforge posted a higher first-quarter profit and reiterated its full-year revenue growth forecast on Thursday, driven by a strong increase in orders. ...
Source: marketscreener.com
coforge: Coforge Q1 Results: Net profit rises 10.4% to Rs 165 crore
Coforge, the Indian IT service firm, announced a Q1 profit of $20m, up 10.4% YoY, which it said was due to increased orders. Revenue rose almost 21% to $320m over the same time. The company, however, is operating in a difficult market, with US and European clients cutting back on discretionary spending, in addition to delays in deal closures.
Source: indiatimes.com
Coforge bags record deals of $531 mn in June quarter
Of the two large deals signed in the quarter, Singh said they are five-year deals of $300 million and $65 million each in total contract value (TCV).
Source: livemint.com