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Lack of revenue guidance and delay in extracting cross-sell synergies from the Cigniti deal amid tough market conditions have prompted analysts to lower their earnings estimates for Coforge
The profit was down largely due to a one-off expense of Rs 52.3 crore marked as provision for its curtailed fundraising bid approved in 2021
Coforge will incur Rs 80.3 crore as the cost towards this celebration.
Coforge had 21,815 billable employees as of March 31 this year, excluding sales and marketing personnel and others.