CONNECT WITH US
Tech

Tech

Coforge Q2 net profit jumps 56.5% to Rs 588 crore on Encora deal

The Economic Times – IT logo

Published on

Add as a preferred source on Google
Coforge Q2 net profit jumps 56.5% to Rs 588 crore on Encora deal

Business News Tech IT Coforge Q2 net profit jumps 56.5% to Rs 588 crore on Encora deal

Coforge Q2 net profit jumps 56.5% to Rs 588 crore on Encora deal

Revenue for the September quarter increased 53.6% year-on-year and 11.6% sequentially to Rs 6,170.8 crore. In dollar terms, revenue stood at $652.2 million, up 10.1% from the preceding quarter on constant currency terms. Contribution from the Encora acquisition was a major reason for the revenue growth this quarter along with large deals.

Mid-size IT services firm Coforge reported a 56.5% year-on-year increase in net profit to Rs 588.1 crore for the second quarter of the fiscal year 2027, aided by a full-quarter contribution from its acquisition of engineering services firm Encora for $2.35 billion. Sequentially, net profit rose 13.4%.Revenue for the September quarter increased 53.6% year-on-year and 11.6% sequentially to Rs 6,170.8 crore. In dollar terms, revenue stood at $652.2

Tech Layoffs AI Agents social network Budget 2026 Live Updates Union Budget Speech Date and Time

Ethan Klein cheating: Who is Tamara Joseph and how did she meet the American-Israeli YouTuber? Hila Klein says 'I am living in a nightmare'

After 79 years, Railways reaches this remote town for the first time since Independence; Rs 1,628 crore line opens, two new trains flagged off

HDFC Bank investigates two senior executives over alleged leak of business secrets

Sanju Samson’s Rs 6 crore Kerala home has no over-the-top decor. It features white interiors, a pink garden, wooden floors, private gym

Motilal Oswal entities apply for 2.39 crore Ola Electric shares in Rs 1,000-crore rights issue


Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.