Coforge Reports Q4 Revenue of 34.1 Billion Rupees, Falls Short of Estimates

Image Source : NDTV Profit

Coforge Ltd has announced its financial results for the fourth quarter, reporting consolidated revenue from operations of 34.1 billion rupees, slightly below the IBES estimate of 35.2 billion rupees. The company also posted a net profit of 2.61 billion rupees, missing the projected 2.81 billion rupees.

Despite the revenue shortfall, Coforge has maintained steady growth in its IT services portfolio, with strong demand for digital transformation solutions. The company has been focusing on expanding its presence in cloud computing, AI-driven automation, and enterprise software services to drive long-term profitability.

Market analysts attribute the earnings miss to currency fluctuations and slower-than-expected deal closures in key markets. However, Coforge remains optimistic about its future outlook, citing a robust pipeline of contracts and continued investments in emerging technologies.

Financial summary:
- Coforge reports Q4 revenue of 34.1 billion rupees, below IBES estimate of 35.2 billion rupees
- Net profit stands at 2.61 billion rupees, missing the projected 2.81 billion rupees
- Strong demand for digital transformation services continues to support growth
- Company remains focused on expanding AI and cloud computing capabilities

Sources: Moneycontrol, Financial Express, Republic World, NDTV Profit