Coforge Shares Surge 12% Following Acquisition of Xceltrait Inc.

Coforge Ltd. has seen its shares soar by 12% after announcing the acquisition of Xceltrait Inc. for $17.85 million. This strategic move enhances Coforge's capabilities in implementing ServiceNow’s Financial Services Operations and Customer Service Management modules, particularly benefiting the P&C insurance sector. The company also reported a 10.3% YOY increase in net profit for the December quarter, bolstering investor confidence. With a robust order intake exceeding $500 million, Coforge is poised for sustained growth in the coming year.

 

Source: CNBC TV18, Upstox, Business Standard