May 7, 2021 03:34 PM
Coforg Limited, a former IT service provider of NIIT Technologies, has announced its 2020–21 Final Quarter Results. Q4 (January-March) net profit up 17% to Rs. 133 crore. During the same period of the previous financial year (2019–20), Rs. 114 crores
Total income on a consolidated basis also rose 14 per cent to Rs. 1,261 crores. Rs per share to shareholders. Announced an interim dividend of 13 per cent. This month has been set as the 19th record date. Operating profit margins were 18 percent.
Coforz CEO Sudhir Singh said, “Our capabilities, partnerships and platforms in product engineering, automation and cloud services are keeping the company on a growth path.” Thereby leading to transformation.
Coforge Limited recently forecasts at least 17 percent revenue growth in the current fiscal year (2021–22) on a sustainable currency basis. Ebitda margins are likely to register 19 per cent higher on this trail, up 1 per cent from last year.
In Q4, the dollar is expected to grow by 7.1 per cent in the quarter, leading to strong results this year. Better turnover, said to receive margins. It said it received orders worth $ 78.1 billion last year. By March 2021, the number of employees had reached 12,391. Q4 added 967 employees.