Coforge Q2 Revenue Jumps 54% After Encora Acquisition; Profit Rises 42%
Coforge reported a year-on-year increase in consolidated September-quarter revenue. The headline says profit rose 42%.
Coforge’s September-quarter revenue grew 54 per cent following the Encora acquisition, but rising debt, integration costs and weak profitability in some markets remain key concerns.Mid-tier IT services company Coforge reported a 53.6 per cent year-on-year (YoY) rise in consolidated revenue for the…