Coforge Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 20, 2023 at 02:04 am
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Coforge Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 20,558 million compared to INR 16,581 million a year ago. Revenue was INR 20,876 million compared to INR 16,629 million a year ago. Net income was INR 2,282 million compared to INR 1,837 million a year ago. Basic earnings per share from continuing operations was INR 37.41 compared to INR 30.27 a year ago. Diluted earnings per share from continuing operations was INR 36.69 compared to INR 29.58 a year ago.
For the nine months, sales was INR 58,446 million compared to INR 46,891 million a year ago. Revenue was INR 59,039 million compared to INR 47,177 million a year ago. Net income was INR 5,790 million compared to INR 4,540 million a year ago. Basic earnings per share from continuing operations was INR 94.99 compared to INR 74.89 a year ago. Diluted earnings per share from continuing operations was INR 93.17 compared to INR 73.17 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 services, such as Artificial Intelligence, Digital, Data and Analytics, Digital Process Automation, Salesforce Ecosystem, Cloud and Infrastructure Management Services, Cybersecurity Services, Business Process Solutions, Quality Engineering Services, Systems, Applications & Products in Data Processing (SAP) Services, and Metaverse. Its salesforce ecosystem includes Salesforce, and Mulesoft. Its digital process automation includes Appian, Pega, Mendix, and OutSystems. Its cloud and infrastructure management services include Cloud Services, Anyplace Workplace, and others.