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Asia

Coforge Q1 Results: Profit soars 63% to Rs 519 crore driven by Encora acquisition, AI-led services demand

Markets-Economic Times · 1h ago · 🇮🇳 India

Coforge Q1 Results: Profit soars 63% to Rs 519 crore driven by Encora acquisition, AI-led services demand

Coforge reported a remarkable 63.3 percent increase in profits for the June quarter, driven by the recent acquisition of Encora and a surge in demand for artificial intelligence solutions. Additionally, revenue soared by 49.2 percent, reaching an impressive Rs 5,527.7 crore. The company has also secured new orders amounting to USD 691 million for the quarter, projecting a stellar performance for the upcoming year.

Read the full story at Markets-Economic Times →

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