Coforge delivers another exceptional performance in Q3 FY25

Coforge delivers another exceptional performance in Q3 FY25

Noida and New Jersey, January 22, 2025: Coforge Limited (NSE: COFORGE), a leading global IT solutions organization, today announced its financial results for the quarter ended December 31, 2024 (Q3 FY25).

Key Financial Highlights

Revenue: INR 3,318.2 crore/ US$ 397.1 million

  • Up 8.4% Q-o-Q and 40.3% Y-o-Y in constant currency (CC) terms
  • Up 7.5% Q-o-Q and 40.8% Y-o-Y in USD terms
  • Up 8.4% Q-o-Q and 42.8% Y-o-Y in INR terms
  • EBITDA: INR 519.0 crore, up 29.3% YoY.
  • Adjusted PAT: INR 268.0 crore (Excl Minority), up 10.3% on a YoY basis
  • The Board has recommended an interim dividend of INR 19/- per share, and the record date for this payout will be January 30th, 2025.

“A 8.4% sequential cc growth, a 40.3% cc YoY growth in a seasonally weak quarter, four large deals in that same quarter, a concurrent and material sequential expansion of 122 bps in margins, a Cigniti business that has already touched an EBITDA margin of 17.3%, a large deals pipeline that is looking very robust and finally an ever strengthening next twelve month signed order book which now is 40% higher YoY gives us confidence that the coming year shall once again see robust and sustained growth.” said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge Ltd.

Key Business Highlights

  • Order Intake: US$ 501 million - second consecutive quarter of US$ 500+ million order intake
  • Sustained Large Deal Momentum: Four large deals signed this quarter across North America and ASEAN
  • Headcount: stood at 33,094; net addition of 611 sequentially. Headcount has increased 16% organically since the beginning of the year
  • Broad based growth across Americas (69.2%), EMEA (20.5%) and RoW (3.3%) YoY
  • Cigniti business delivered 3.5% cc QoQ growth; EBITDA margin improved to 17.3%; up from 11% in Q4 FY24

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