coforge

Banking, financial services and insurance (BFSI) spending globally is projected to grow just 3% in 2023 compared with 10% in 2022, which can lead to further pressure on the IT services sector, said analysts.The Indian IT industry earns…

After a brief rally, Indian IT stocks declined on Tuesday. The shares fell up to 5 per cent with Persistent Systems (-5.13 per cent), Mphasis (-3.94 per cent), and Coforge (-3.60 per cent) being the top losers. Index heavyweights Tata…

Last Updated: May 03, 2023, 08:20 ISTThe Nifty futures contract traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 18,144.50, down 80 points or 0.44% from the previous…

Indian internet firms have given internet body IAMAI a thumbs-down, alleging that it has favoured Big Tech companies on multiple issues. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Myntra launches fashion portal…

IT company Coforge is actively scouting for acquisition in areas such as data, cloud, healthcare and ‘low-code no-code’ space, according to its chief executive officer Sudhir Singh. The company “has a few conversations going on right now”,…

Coforge is not the only company to give away Apple products after reaching a revenue milestone. (Representative image)The company’s Q4FY23 profit went down to Rs 116.7 crore from Rs 244.8 crore in the corresponding quarter last year.IT…

Digital services and solutions provider Coforge on Thursday reported net consolidated profit of Rs 116.7 crore for the March quarter of FY23, down 45% from Rs 224.8 crore in the year-ago period. The company said the profit was down largely…

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Following lower-than-expected earnings numbers in the fourth quarter (Q4) of FY23 and a weak guidance for the ongoing financial year from two of India’s IT heavyweights — Infosys and TCS — IT stocks sank deep in the red during Monday’s…

The banking turmoil that’s hit North America and Europe over the past two weeks has got the Indian IT sector worried. But current and former industry executives say that the going is unlikely to get as tough for India’s tech companies as it…