Page 7 - Coforge

IT mid-caps stick to steady growth amid uncertain macroeconomic environment

Firms such as Persistent Systems (Persistent), Coforge, KPIT Technologies (KPIT), and Cyient performed better on key performance metrics

IT firm Coforge actively scouting for acquisition in data, cloud: CEO

IT company Coforge is actively scouting for acquisition in areas such as data, cloud, healthcare and 'low-code no-code' space, according to its Chief Executive Officer Sudhir Singh. The company "has a few conversations going on right now", Singh said adding both financial and cultural match will be an important consideration. "We are actively looking for assets in the data space, cloud space, Salesforce space or the healthcare space...We are also looking for acquisitions in the low-code, no-code space, so these four or five areas are important for us," Singh told PTI. It is pertinent to mention that low-code and no-code are alternative app development methods that use intuitive, graphical interface and pre-configured templates to give users power and flexibility to create applications and automate processes without having to write line-after-line of codes. The company is "very keen" on buyouts, but will not rush into it. Coforge is not under any pressure and if the valuations are n

Uncertainties significant, but order book at record high: Coforge CEO

'Macroeconomic environment 'significantly uncertain, but varies across industries: Sudhir Singh

IT firm Coforge FY23 revenue up 24.6% at Rs 8,014.6 cr, profit grows 4.6%

Noida-based company's board recommended an interim dividend of Rs 19 per share

Coforge Q4 net profit drops 45%; full year revenue crosses $1 bn mark

Coforge said it expects full-year revenue growth of 13% to 16% in constant currency terms

Coforge net profit falls 44.7%; IT firm declares dividend of Rs 19/share

On the milestone of crossing the revenue mark of $ 1 billion, the company will gift an Apple iPad to each of its employees

Baring Private Equity Asia sells 10% stake in Coforge through a block deal

According to bulk details data available with the National Stock Exchange, Baring PE sold a total of 6 million shares at a price of Rs 4,050 apiece

Coforge slides 7% as over 7 million equity shares change hands on bourses

According to reports, Barings Private Equity was looking to sell part of its 40 per cent stake in Coforge via block deals

Barings PE may sell some stake in Coforge for up to Rs 2,600 cr: sources

The private equity firm has hired IIFL to seek investor interest in the deal and has offered up to 7% discount to the Friday closing market price of Rs 4,348 a share

IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week

Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50

IT service firm Coforge reports 24% jump in Q3 profit aided by deal wins

The company said that it de-risked its operating profile with declining client concentration, while attrition fell 15.8% from 16.3% Y/Y

Sensex ends 390 pts higher driven by HDFC twins, metals, Nifty above 18,150

Closing Bell: Within sectors, the Nifty metal index closed with most strength, up 1.5 per cent, followed by financials and pharma pockets, while PSB index slumped the most by over 1 per cent

Rising offshore revenue to be growth huge lever for years: Coforge CEO

The IT solutions provider has posted a consolidated net profit of Rs 220.6 crore for Q2FY23, up 36.6% YoY. Its revenue growth was driven by offshoring expansion

Coforge Q2 net profit rises 36.6% to Rs 220 crore, revenue up 19.9%

The board has recommended an interim dividend of Rs 13 per share, with the record date for payout on 4 November 2022.

Are IT stocks a good contrarian bet from a one-year perspective?

Despite the ongoing selloff and the global macroeconomic stress, analysts say that the IT sector still remains a preferred bet from a long-term perspective

Infosys could announce a buyback along with its Q2FY23 results: Jefferies

However, they have not specified the quantum of the buyback the company could announce. Infosys is scheduled to announce its Q2-FY23 numbers on October 12

Stocks to Watch: Hero Moto, Adani Enterprises, Zydus Life, Vodafone Idea

Stocks to Watch today: Hero MotoCorp said it will invest USD 60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles

Coforge announces opening of CoE for metaverse, Web3 innovations in India

It has entered a partnership with industry leaders like Virbela, Hedera and R3 for their Metaverse and Web3 offerings and has more partnerships in the pipeline

Wipro, Tech Mahindra: Jefferies downgrades six IT stocks on recession fears

Earlier in May, analysts at JP Morgan had downgraded the Indian IT sector citing growth concerns. Rising margin headwind in the near-term, JP Morgan had said then, was one of the key concerns.

Rub-off effect: Spooked by TCS Q1 results, IT pack suffers losses

The Nifty IT index tanked over 3 per cent in early trade on Monday when compared with a 0.5 per cent fall on the Nifty50 index