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coforge: Coforge This fall revenue jumps 56% to Rs 208 crore – Times of India


IT firm Coforge has reported 56.16 per cent soar in consolidated internet revenue at Rs 207.7 crore for the fourth quarter ended March 31, 2022. The firm had logged a revenue of Rs 133 crore in the identical interval a yr in the past.
Revenue from operations through the quarter elevated to Rs 1,742.9 crore from Rs 1,281.5 crore within the corresponding quarter of 2020-21.
In the yr ended March 31, 2022, revenue elevated by 45.23 per cent to Rs 661.7 crore from Rs 455.6 crore in 2020-21.
Annual consolidated income from operations rose about 38 per cent to Rs 6,432 crore from Rs 4,662.8 crore on the finish of 2020-21.
Coforge in a press release stated the agency expects round 20 per cent progress in fiscal yr 2023.
“FY22 was a landmark year for the firm and the performance data speaks for itself. Revenue grew 38 per cent, EBITDA grew 42 per cent and PAT grew 45 per cent. The firm is now focused on carving an accelerated growth path to the $2 billion revenue milestone,” Chief Executive Officer Sudhir Singh stated.
The firm’s complete order consumption through the yr was $1.15 billion, about Rs 8,677 crore.
In the quarter, Coforge stated it had a complete order e-book of $720 million, executable over the subsequent 12 months. The order consumption was $301 million. Coforge stated it had the bottom attrition charge of 17.7 per cent within the business.



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