Report Wire

News at Another Perspective

Coforge Q1 revenue up 21 laptop to Rs 150 cr

1 min read

IT firm Coforge on Friday posted 21.1 per cent improve in consolidated revenue after tax at Rs 149.7 crore within the first quarter ended June 30, 2022.

The firm had registered a revenue of Rs 123.6 crore in the identical interval a yr in the past.

The gross income of Coforge elevated by 25.2 per cent to Rs 1,829.4 crore throughout the reported quarter, from Rs 1,461.6 crore within the June quarter final yr.

The fifth deal within the final 5 quarters with a TCV (whole contract worth) larger than USD 50 million was signed throughout 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,” Coforge chief govt officer Sudhir Singh mentioned.

Company’s whole order guide executable over the following 12 months stood at USD 745 million (about Rs 5,953 crore).

Global headcount of the corporate elevated to 22,742 as of June 30, 2022 from 22,500 on the finish of March 31, 2022 whereas attrition on the firm stood at 18 per cent.