This software company is in focus today; let’s find out why?
A new partnership and a robust Q4 have made this company trending today!
Coforge has partnered with Sysdig, the unified cloud and container security leader, to enable customer success in the new multi-cloud environment by offering visibility across cloud and container workloads from source to run.
With Sysdig, Coforge provides container services to help organizations reduce risk and deliver reliable cloud applications by addressing the essential security use cases of running Kubernetes and containers in multi-cloud production environments.
In Q4FY22, the company’s revenue was 232.4 million in USD terms and 17,429 million in rupee terms. The adjusted EBITDA margin for the quarter expanded to 20.6%. PAT for the quarter increased 56.2% YoY in Indian rupee terms.
For the quarter ended March 2022, its total order book executable over the next 12 months stands at USD 720 million and the order intake was USD 301 million while 12 new client logos were added during the quarter. The attrition stood at 17.7% and continues to be amongst the lowest in the industry.
A strong quarter along with the new partnership will lead the company on an accelerated growth path in the near term. In today’s trading session, the stock price, surged 1.10% and the scrip ended at Rs 3839.35. The stock has a 52-week high of Rs 6,133 and a 52-week low of Rs 3352.80.
Coforge, which is a part of the S&P BSE 200 is a global digital services and solutions provider that enables its clients to transform the intersection of domain expertise and emerging technologies to achieve real-world business impact. The company has a focus on very select industries, a detailed understanding of the underlying processes of those industries, and partnerships with leading platforms.
It leads with its product engineering approach and leverages Cloud, Data, Integration, and Automation technologies to transform client businesses into intelligent, high-growth enterprises. It has a presence in 21 countries with 25 delivery centres across nine countries.
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