Reported 1 day ago
Indian IT services company Coforge reported an impressive 86% rise in second-quarter profits, reaching 3.76 billion rupees, surpassing analysts' expectations. Revenue also increased by 31.7% to 39.86 billion rupees, aligning closely with estimates. Despite a slight dip in deal wins, the overall performance reflects strong client spending, particularly in AI, and is seen as a positive indicator for future growth in the sector.
Source: YAHOO