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IT solutions firm Coforge on Monday reported a 16.5 per cent increase in consolidated net profit to Rs 261 crore in the March quarter. It had posted a net profit (attributable to owners of Coforge Ltd) of Rs 224 crore in the year-ago period, according to a regulatory filing. Revenue from operations for the quarter under review rose 47 per cent year-on-year to reach Rs 3,410 crore, against Rs 2,318 crore in Q4 FY24. Seen sequentially, profit and revenue rose 21 per cent and 4.6 per cent, respectively. The firm's order intake in Q4 FY25 stood at USD 2.1 billion. It signed five large deals during the quarter, across North America, the UK, and APAC. For the full fiscal year, profit saw a marginal increase, from Rs 808 crore in FY24 to Rs 812 crore in FY25. Revenue in FY25 climbed 33.7 per cent to Rs 12,051 crore in FY25, from Rs 9,009 crore in the previous fiscal year. All financial figures are based on continuing operations -- excluding the AdvantageGo business that Coforge diveste
Moody's Ratings on Tuesday said India has a lower overall exposure to the US relative to others in the APAC region, although certain sectors such as food, textiles and pharmaceutical products face risks. Moody's said most companies in its rated portfolio are domestic-focused with limited exposure to the US market. To mitigate pressure from reciprocal tariffs, the US and India are reportedly engaged in talks to lower import tariffs on select US products, increase market access for US farm products and increase US energy purchases, while seeking to initiate a trade deal by the fall of 2025. Across APAC, developing countries like India, Vietnam and Thailand have among the widest rate differentials relative to the US, Moody's said. It said electronics, motor vehicles, food and textiles are the most exposed sectors. In addition to the hit from lower export demand, a key risk facing emerging economies in the region is that those aiming to nurture an export-led growth model similar to Chi
US-based global workforce solutions company, Pinnacle Group, has expanded its global footprint with the opening of a new office in Chennai that will be the regional headquarters in the Asia Pacific region, a top official has said. The new facility on the Rajiv Gandhi Salai (popularly known as the IT Corridor) would be able to deepen the company's relationships with its existing customer base. Pinnacle Group has been operating in India since 2007 and with the inauguration of the new facility, the company expects to double or triple its employee base in the near future, Pinnacle Group Chairman and CEO Nina Vaca said here. "We currently have about 100 employees in India, and I am hoping to double or triple the number of employees in the future. We do not serve customers for years, we serve them for decades... The company is committed to extend the investments in people and technology to drive further innovation and serve more of our customers in India and beyond," she told PTI in a bri
With India emerging as a global leader in AI adoption, it is poised to become the largest market in the Asia-Pacific region in the next five years for intelligent data infrastructure company NetApp, a top company official said on Wednesday. India has emerged as the global leader in AI implementation with 70 per cent of companies having AI projects implemented or in planning, surpassing the global average of 49 per cent, said Puneet Gupta, VP and MD, NetApp India/SAARC, citing the company's recent report. The second annual NetApp Cloud Complexity Report, which examines how technology leaders worldwide are deploying AI at scale, surveyed 1,300 top-level IT executives from key markets across the world, including India, the US, the UK, France, Germany, Spain, Australia/New Zealand, Japan, and Singapore. The report revealed that a significant 91 per cent companies in India plan to use half or more of their data to train AI models in 2024, thus indicating a strong commitment to leveraging