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Reduce Coforge Ltd For Target Rs.6,750 By Emkay Global Financial Services Strong revenue growth; one-off items led to profit miss Coforge reported strong revenue performance in Q2, whereas margin was a slight miss. Revenue grew 26.8% QoQ to USD369.4mn (26.3% CC; organic CC 5.5%). Adj. EBITDAM fell by 140bps to 16.5%, a slight miss. Revenue growth was broad-based, led by Insurance (8.9% QoQ), Travel (6.2%), Government vertical outside India (6.7%), and BFS (5.2%). Management highlighted that Cigniti’s revenue growth, margins, and synergy benefits progress w...
Reduce Coforge Ltd For Target Rs.6,750 By Emkay Global Financial Services
Reduce Coforge Ltd For Target Rs.6,750 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-11-05 05:17:13 pm
Neutral Coforge Ltd For Target Rs. 6,100 By Motilal Oswal Financial Services Organic business continues to do well However, we stay Neutral amid uncertainties around Cigniti integration * COFORGE reported 1QFY25 revenue growth of 1.6% QoQ in CC terms, in line with our estimate. Reported revenue stood at USD291m (up 1.6% QoQ/7.2% YoY). The company reported order intake of USD314m in 1Q with two large deals, resulting in a robust 12-month executable order book of USD1070m (+19% YoY). EBIT margin, adjusted for transaction-related costs of INR953m, came in at 13.6% ...
Neutral Coforge Ltd For Target Rs. 6,100 By Motilal Oswal Financial Services
Neutral Coforge Ltd For Target Rs. 6,100 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd Ltd
2024-07-29 05:20:53 pm
Buy Coforge Ltd For Target Rs. 7,140 By Centrum Broking Ltd Robust financial performance; Definite signs of improvement in outlook Coforge reported inline performance for the quarter. It reported revenue of Rs 24.1bn ( up 1.8% QoQ in INR terms, up 1.6% QoQ in USD terms). The cc growth was 1.6% QoQ. The sequential growth was led by Travel , Tourism and Hospitality( up 4.6% QoQ). Adjusted EBITDA margin was at 17.9% vs 19.0% in Q4FY24. Order intake of $314 mn for the quarter( 10th consecutive quarter of $300mn+). The 12 month executable order book was...
Buy Coforge Ltd For Target Rs. 7,140 By Centrum Broking Ltd
Buy Coforge Ltd For Target Rs. 7,140 By Centrum Broking Ltd
Source: Centrum Broking Ltd
2024-07-29 03:41:21 pm
Coforge jumps as its arm to enter into asset purchase agreement with OptML Coforge is currently trading at Rs. 6207.85, up by 136.30 points or 2.24% from its previous closing of Rs. 6071.55 on the BSE. The scrip opened at Rs. 6081.60 and has touched a high and low of Rs. 6334.55 and Rs. 6022.65 respectively. So far 54054 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6840.00 on 19-Feb-2024 and a 52 week low of Rs. 4291.05 on 09-May-2024. Last one week high and low of the scrip stood ...
Coforge jumps as its arm to enter into asset purchase agreement with OptML
Coforge jumps as its arm to enter into asset purchase agreement with OptML
Source: Accord Fintech
2024-07-23 03:11:41 pm
Coforge acquires Cigniti Technologies, posts Rs 808 crore PAT for FY24 Digital services and solutions provider Coforge on Thursday announced the acquisition of Cigniti Technologies that will create three new scaled-up verticals -- retail, technology, and healthcare. Coforge said that the acquisition, for which financial details were not disclosed, will not only help it grow to $2 billion by FY27 but "equally ensure that Coforge’s operating margins improve by 150-200 bps by FY27 itself". According to the company, the acquisition will also he...
Coforge acquires Cigniti Technologies, posts Rs 808 crore PAT for FY24
Coforge acquires Cigniti Technologies, posts Rs 808 crore PAT for FY24
Source: IANS
2024-05-03 09:55:06 am
Neutral Coforge Ltd For Target Rs. 6,600 - Motilal Oswal Financial Services Retaining FY24 guidance implies a strong 4Q exit Reiterate Neutral due to full valuations * Coforge (COFORGE) reported 3QFY24 revenue growth of 1.8% QoQ in CC terms, above our estimates. Reported revenue stood at USD282.0m (up 1.4% QoQ/12.0% YoY). The growth was driven by BFS with 3.3% QoQ growth, while the other two verticals – TTH and Insurance – were weak, declining 2.4% and 1.3% QoQ, respectively. * The company reported a robust order intake of USD354m in 3QFY24 with...
Neutral Coforge Ltd For Target Rs. 6,600 - Motilal Oswal Financial Services
Neutral Coforge Ltd For Target Rs. 6,600 - Motilal Oswal Financial Services
Source: motilal oswal financial services Ltd
2024-05-01 11:10:49 am
Buy Coforge Ltd. For Target Rs.1,120 By Jm Financial Services Carving out growth Coforge reported 1.8% cc QoQ growth, beating expectations (JMFe: 0.5%). Growth was led by BFS (+3.1%), a vertical most impacted by furloughs. Deal wins were strong (USD 354mn at 1.3x book-to-bill). 12-M executable order book (EOB) outpaced revenue growth again (16% vs 12%). Coforge’s 9MFY24 order inflow has grown marginally ahead of its 12-M EOB (24% vs 18%). This indicates limited divergence between TCV and ACV growth, something that can’t be said for the la...
Buy Coforge Ltd. For Target Rs.1,120 By Jm Financial Services
Buy Coforge Ltd. For Target Rs.1,120 By Jm Financial Services
Source: JM Financial Services
2024-03-18 02:08:30 pm
Buy Coforge Ltd For Target Rs.8,100 - Elara Capital Eking out growth amidst challenges BFS shines despite unusually high furloughs Coforge (COFORGE IN) reported in-line revenue growth at 1.4% QoQ USD as also in-line EBIT margin at 13.8%. The traction came in from North America and RoW within geographies and BFS among verticals. Pipeline continued to be robust at USD 974mn, up 4% QoQ. Within service lines, BPS saw weakness, while growth was led by cloud (up 4% QoQ), Data integration (+7%) and ADM (+4%). EBIT margin rose 200bps QoQ, suppor...
Buy Coforge Ltd For Target Rs.8,100 - Elara Capital
Buy Coforge Ltd For Target Rs.8,100 - Elara Capital
Source: Elara Capital
2024-02-06 03:53:38 pm
Coforge introduces `Quasar Responsible AI` for enterprises Digital services and solutions provider Coforge on Monday unveiled the ‘Quasar Responsible AI’ solution for enterprises. The ‘Coforge Quasar Responsible AI’ aims to provide AI that adheres to ethical standards, fairness, transparency, and regulatory compliance. According to the company, it tackles biases in datasets and models, identifies potential risks and compliance issues, and provides tools to govern, mitigate, and remediate these challenges. “With ...
Coforge introduces `Quasar Responsible AI` for enterprises
Coforge introduces `Quasar Responsible AI` for enterprises
Source: IANS
2023-12-11 10:50:07 am
Buy Coforge Ltd For Target Rs. 5,730 - JM Financial Institutional Securities Coforge reported 2.3% cc QoQ growth, ahead of JMFe: 2%. Growth was broad-based. Deal wins were strong (USD 313mn TCV, book-to-bill of 1.12). 12-M executable order book (EOB) outpaced revenues (+16% vs 14% YoY cc) again. Adjusted EBITDA margin (ex of ESOP expenses) expanded 160bps QoQ (in-line). Coforge is becoming a credible challenger in its focus areas e.g risk and compliance, card and payments in BFS. This shows up in deal wins against larger incumbents. A profitable growth indicates ...
Buy Coforge Ltd For Target Rs. 5,730 - JM Financial Institutional Securities
Buy Coforge Ltd For Target Rs. 5,730 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-10-23 02:31:48 pm
India`s Coforge posts 16% jump in Q2 revenue, reiterates full-year forecast Indian IT services company Coforge on Thursday reported a 16.2% jump in second-quarter revenue and reiterated its revenue growth forecast for fiscal year 2024, aided by new deal wins amid a challenging macroeconomic environment.Consolidated revenue from operations rose to 22.76 billion rupees ($273.4 million) for the quarter ended Sept. 30. However, its net profit fell 10% to 1.81 billion rupees due to higher expenses.Coforge's order intake for the quarter rose to $313 million, from $304 mill...
India`s Coforge posts 16% jump in Q2 revenue, reiterates full-year forecast
India`s Coforge posts 16% jump in Q2 revenue, reiterates full-year forecast
Source: Reuters
2023-10-19 10:03:18 am
Coforge inches up on partnering with Newgen to deliver transformative insurance lifecycle management solutions Coforge is currently trading at Rs. 5292.00, up by 4.15 points or 0.08% from its previous closing of Rs. 5287.85 on the BSE.The scrip opened at Rs. 5310.05 and has touched a high and low of Rs. 5334.20 and Rs. 5262.00 respectively. So far 2635 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5760.00 on 06-Sep-2023 and a 52 week low of Rs. 3295.50 on 03-Oct-2022.Last one week high and low of the scrip stood at Rs. 5649.95 and Rs. ...
Coforge inches up on partnering with Newgen to deliver transformative insurance lifecycle management solutions
Coforge inches up on partnering with Newgen to deliver transformative insurance lifecycle management solutions
Source: Accord Fintech
2023-09-25 01:58:23 pm