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 million last year.
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