Coforge Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 19, 2023 at 02:45 am
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Coforge Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 22,762 million compared to INR 19,594 million a year ago. Revenue was INR 22,851 million compared to INR 19,729 million a year ago. Net income was INR 1,810 million compared to INR 2,011 million a year ago. Basic earnings per share from continuing operations was INR 29.59 compared to INR 33 a year ago. Diluted earnings per share from continuing operations was INR 28.98 compared to INR 32.41 a year ago.
For the six months, sales was INR 44,972 million compared to INR 37,888 million a year ago. Revenue was INR 45,221 million compared to INR 38,163 million a year ago. Net income was INR 3,463 million compared to INR 3,508 million a year ago. Basic earnings per share from continuing operations was INR 56.64 compared to INR 57.58 a year ago. Diluted earnings per share from continuing operations was INR 55.45 compared to INR 56.53 a year ago.
Coforge Limited is an India-based information technology (IT) solution company. It is engaged in the in-application development and maintenance, managed services, cloud computing and business process outsourcing. The Company provides computer programming consultancy and related activities. Its geographical segments include Americas, Europe, Middle East and Africa (EMEA), Asia Pacific (APAC), and India. It offers various technologies, such as product engineering, salesforce ecosystem, digital integration, digital services, artificial intelligence, data and insight, digital process automation, cloud and infrastructure management services, cybersecurity services, systems applications and products services and advanced application engineering services. Its salesforce ecosystem includes Salesforce, Mulesoft, and Tableau. Its digital process automation includes Appian, Pega, and OutSystems. Its cloud and infrastructure management services include Anyplace Workplace and Anywhere Data Center.