Coforge Q1 FY24 results: profit rise by 10.42% YOY
1 year, 2 months ago

Coforge Q1 FY24 results: profit rise by 10.42% YOY

Live Mint  

Coforge, the technology solutions provider, declared their Q1 FY24 results on 19 Oct, 2023. The company reported a significant growth in both revenue and profit compared to the previous year. In terms of quarterly performance, Coforge witnessed a 2.35% growth in revenue and a remarkable 43.99% increase in profit compared to the previous quarter. Out of the 27 analysts covering the company, 2 analysts have given a Strong Sell rating, 4 analysts have given a Sell rating, 5 analysts have given a Hold rating, 10 analysts have given a Buy rating, and 6 analysts have given a Strong Buy rating.

Company Yoy Rating Analysts Coforge Q1 Fy24 19 Oct  analysts  return  results  company  rise  stock  q1  rating  profit  fy24  coforge  significant  given  increased  yoy  1042

History of this topic

Near-term headwinds may halt Coforge’s sizzling rally
1 week ago

Near-term headwinds may halt Coforge’s sizzling rally

Live Mint  

Coforge Ltd stock has delivered mouth-watering returns to its investors in a matter of months. For instance, Coforge management recently told analysts at Nirmal Bang Institutional Equities that deal closures in the December quarter remained better than expected at the start of the quarter. The Nirmal Bang report dated 12 December further highlighted that there was strong show of confidence …

How stock market darling Coforge went from laggard to industry-beating growth
3 weeks, 5 days ago

How stock market darling Coforge went from laggard to industry-beating growth

Live Mint  

In 2017, when Sudhir Singh joined NIIT Technologies, the first thing he did as CEO was to change the entire top leadership—lock, stock and barrel. As Gaurav Vasu, CEO of UnearthInsight, a Bengaluru-based consultancy, put it, “While banking and financial services are Coforge’s strength, at $1.1 billion-plus, it faces challenges competing with larger IT firms for mega-deals." Echoing that view, …

Stable Leadership Fuels Growth for Persistent Systems and Coforge
2 months ago

Stable Leadership Fuels Growth for Persistent Systems and Coforge

Live Mint  

Persistent Systems and Coforge report strong revenue growth, driven by stable leadership. Persistent Systems experienced 5.27% sequential and 18.4% yearly revenue growth, with 92% of its revenue coming from clients in North America. Coforge reported a 26.8% sequential and 32.8% yearly revenue growth, with 75% of its revenue coming from the Americas. The leadership stability of both companies, with long-term …

Coforge Soars 12.3% to Record High on Strong Q2 Results
Trending News
2 months ago

Coforge Soars 12.3% to Record High on Strong Q2 Results

Live Mint  

Coforge's Q2FY25 results are strong, with a 24.2% increase in consolidated net profit and significant growth in revenue and order book. The company also announces the acquisition of Cigniti Technologies for $220 million, which is expected to boost its growth trajectory. The stock price has surged 78% from its 52-week low in May 2024, reflecting investor confidence in the company's …

Coforge Q4 Results Live : profit rise by 94.86% YOY
7 months, 2 weeks ago

Coforge Q4 Results Live : profit rise by 94.86% YOY

Live Mint  

Coforge Q4 Results Live : Coforge declared their Q4 results on 02 May, 2024, revealing a topline growth of 8.69% and a significant profit increase of 94.86% YoY. Despite recent negative returns in the last week, 6 months, and YTD, Coforge currently holds a market cap of ₹30822.09 Cr. As of 04 May, 2024, analyst ratings for Coforge indicate 3 …

Coforge share price falls 10% after Q4 results, brokerages cut target prices: Details
7 months, 2 weeks ago

Coforge share price falls 10% after Q4 results, brokerages cut target prices: Details

Hindustan Times  

Coforge share price: Shares of Coforge Ltd fell as much as 10 per cent to ₹4505.25 today after the company announced its quarterly earnings for the March 2024 quarter, dividend and acquisition plans of Cigniti Technologies. Coforge share price falls 10% after Q4 results, brokerages cut target prices Coforge Q4 results Coforge reported a consolidated net profit of ₹223.7 crore …

Coforge, Cyient outliers amid weak quarter for tech services
1 year, 2 months ago

Coforge, Cyient outliers amid weak quarter for tech services

Live Mint  

Mid-cap information technology service providers, Cofo-rge and Cyient Group, proved outliers in their September quarter earnings filed at the BSE on Thursday. While bellwether large-caps, as well as mid-cap firms such as Larsen & Toubro Technology Services, Persistent Systems and Zensar Technologies, largely offered bleak September quarter figures and cautious commentary for the rest of this fiscal, both Coforge and …

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