Coforge Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 22, 2024 at 05:13 am EST
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Coforge Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 23,233 million compared to INR 20,558 million a year ago. Revenue was INR 23,383 million compared to INR 20,876 million a year ago. Net income was INR 2,380 million compared to INR 2,282 million a year ago. Basic earnings per share from continuing operations was INR 38.63 compared to INR 37.41 a year ago. Diluted earnings per share from continuing operations was INR 38.06 compared to INR 36.69 a year ago.
For the nine months, sales was INR 68,205 million compared to INR 58,446 million a year ago. Revenue was INR 68,604 million compared to INR 59,039 million a year ago. Net income was INR 5,843 million compared to INR 5,790 million a year ago. Basic earnings per share from continuing operations was INR 95.33 compared to INR 94.99 a year ago. Diluted earnings per share from continuing operations was INR 93.45 compared to INR 93.17 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 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.