The record
Written from the 1 report below. Nothing here is unsourced.
- IT services company Coforge has reported its quarterly results, with net profit falling 15.3% sequentially to Rs 519 crore from Rs 612 crore in the previous quarter.
- At the same time, revenue rose 24.2% to Rs 5,528 crore from Rs 4,450 crore.
- The company has also announced a dividend.
- The mixed results show growing business alongside shrinking profits, which matters for investors tracking the company.
What to watch next
- Reasons for the gap between rising revenue and falling profit
- Details of the announced dividend
- Whether future quarters show profit recovery alongside revenue growth
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