Coforge reports Q1 results with 21.1% revenue growth
pre-market1 source ↓written by the desknot a recommendation
- in US Dollar
- 21.1% growth
- for Q1
- $592.2 million
- quarter-on-quarter
- 15.3%
- quarter-on-quarter
- ₹518.6 crore
- one-off costs totaling
- ₹77.1 crore
Coforge Ltd. reported 21.1% growth in US Dollar revenue to $592.2 million for Q1, driven by the consolidation of Encora Holdings. However, net profit fell 15.3% quarter-on-quarter to ₹518.6 crore, impacted by one-off costs totaling ₹77.1 crore. This performance highlights the initial contributions from the Encora acquisition, though profitability faced challenges.
• Revenue growth: $592.2 million
• Net profit: ₹518.6 crore
• One-off costs: ₹77.1 crore
The results may influence market sentiment as investors assess the impact of the acquisition on future performance.
Not investment advice. For informational purposes only.