BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Coforge Ltd.’s revenue growth of 8.1% QoQ constant currency was better than expected (7% QoQ), driven by good broad-based recovery in verticals and geographies.
Operational improvement supported Ebitda margin expansion by 174 basis points QoQ to 17.8%, ahead of our estimate of 17.2%.
The company reported a healthy order intake of $201 million.
A robust deal pipeline, continued momentum in large deal wins (two deals in the quarter), and executables of $489 million (in 12 months; 21% YoY) indicate an optimistic outlook.
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