April 24, 2024

The bottomline elevated greater than the topline by a large margin on the again of a fall in worker profit bills, which dropped by 5.2 p.c sequentially to Rs 1,345 crore

Data know-how firm Coforge reported over 31 p.c rise in consolidated web revenue for the October-December interval at Rs 238 crore from Rs 181 crore within the September quarter of FY24.

The corporate’s income elevated nearly two p.c sequentially to Rs 2,323 crore, up from Rs 2,276 crore within the September quarter. In greenback phrases, income got here at $282 million as in opposition to $278.1 million within the earlier quarter.

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The bottomline elevated greater than the topline by a large margin on the again of a fall in worker profit bills, which dropped by 5.2 p.c sequentially to Rs 1,345 crore within the December quarter.

The corporate recorded a complete order consumption of $354 million in Q3, together with three giant offers, marking the eight consecutive quarter the place order consumption remained regular above $300 million.

The Coforge order e-book, executable over the subsequent 12 months stood at $974 million, reflecting a 15.8 p.c leap on 12 months. The corporate additionally added seven new shoppers in the course of the quarter underneath assessment.

Headcount on the finish of the quarter decreased marginally by 38 staff to 24,607 sequentially, whereas attrition at 12 p.c dropped 90 foundation (bps) factors on-year and remained among the many lowest within the IT trade.

The Coforge administration additionally retained its income progress steering of 13-16 p.c in fixed forex phrases for FY24. The IT firm recorded an enchancment in its EBITDA margin, which fell 39 bps sequentially to 18 p.c in October-December.

The corporate’s board has accepted a second interim dividend of Rs 19 apiece, with February 2 because the document date.

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