Coforge Q3 Review - Results Below Expectations; Outlook Remains Healthy: Axis Securities

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..Axis Securities Report.Coforge Ltd.'s Q3 FY22 results stood below our expectations. The company’s revenue grew by 4.2% QoQ in constant currency terms to Rs 1,658 crore. Operating profits were reported at Rs 323 crore, exhibiting a growth of 8.8% QoQ and operating margins witnessed a marginal growth of 90 basis points QoQ and stood at 19.5%. This was largely on account of higher offshoring and healthy volume growth. The management is confident of achieving sustainable operating margins of 19% moving forward which emanates from Coforge’s focus on cost optimisation along with its execution efforts. Deal pipeline remained strong in the quarter with Coforge signing an order intake of $247 million..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Coforge Q3 Review - Results Below Expectations; Outlook Remains Healthy: Axis Securities

Coforge Q3 Review - Results Below Expectations; Outlook Remains Healthy: Axis Securities

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