Coforge rises on partnering with Databricks to help organizations generate actionable insights from data
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Coforge is currently trading at Rs. 3339.90, up by 1.50 points or 0.04% from its previous closing of Rs. 3338.40 on the BSE.
The scrip opened at Rs. 3325.00 and has touched a high and low of Rs. 3366.30 and Rs. 3309.00 respectively. So far 9084 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3513.90 and Rs. 3210.00 respectively. The current market cap of the company is Rs. 20387.90 crore.
The promoters holding in the company stood at 40.09 % while Institutions and Non-Institutions held 47.75 % and 12.16 % respectively.
Coforge has entered into partnership with Databricks, the lakehouse company. As a Databricks consulting and implementation partner, Coforge will bring in a fusion of its innovations to build industry-specific solutions and services for enterprises across the globe leveraging Databricks’ Lakehouse Platform. As part of this alliance, Coforge and Databricks will cater to the wider data modernization challenges faced by customers across industries and is aligned with Coforge’s commitment to drive impact for clients by generating actionable insights, often in real-time, from data.
Databricks offers an open data lakehouse platform based on ‘one security and governance model’ to accommodate all enterprise data types in a cloud-agnostic way to govern the data wherever it is stored. Databricks’ Lakehouse Platform has already been adopted by over 7000 customers around the world.
Coforge in alliance with Databricks will support a cloud-based lakehouse platform that accelerates data-driven innovation for clients across several industries. The company has trained over 100 engineers as Databricks experts available for customers and their data management roadmap.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
