Q3FY23 Quarterly Result Announced for Coforge Ltd.
IT consulting & software company Coforge announced Q3FY23 results: Q3FY23: Revenue for the quarter was Rs 20,558 million and US$ 251.7 million Up 3.7% QoQ and 20.7% YoY in constant currency (CC) terms Up 4.9% QoQ and 24.0% YoY in Rs terms Adjusted EBITDA margin for the quarter stood at 18.5% The board has recommended an interim dividend of Rs 19 per share, and the record date for this payout will be February 3, 2023 Record order intake was US$ 345 million, fourth consecutive quarter of US$ 300+ million order intake Total order book executable over the next 12 months at US$ 841 million 11 new clients were added during the quarter Headcount at the end of the quarter at 22,505 and LTM attrition down 60 bps QoQ to 15.8% Offshore revenue contribution (IT revenue only) increased to 50.5% “The firm has signed the largest number of large deals in a quarter in its history. Consequently, the order intake at US$ 345 million has been the highest ever. This performance in a seasonally weak quarter sets us up very well for FY2024,” said Sudhir Singh, Chief Executive Officer, Coforge Ltd. Result PDF20-01-2023