Coforge's net profit jumped 35.6 per cent year-on-year to 255.2 crore, while revenue increased 33 per cent YoY to 3,062.3 crore for the quarter ending September 30, 2024. The company also saw EBITDA margins expand by 53 basis points, reaching 15.8 per cent. This strong performance reflects Coforge's ongoing operational efficiency and robust demand for its services.

The IT services firm posted a profit after tax of 233.6 crore, reflecting a 24.3 per cent year-on-year growth.

Quarterly revenue stood at 3,062.3 crore, up 26.3 per cent sequentially and 33 per cent in constant currency terms.

The company's EBITDA margin for the quarter improved to 15.8 per cent, and cash flow from operations totalled 10.9 million dollars. Coforge’s order intake reached 516 million dollars, marking the eleventh consecutive quarter of over 300 million dollars in orders. The board also announced an interim dividend of 19 per share.

Both Coforge and Persistent Systems topped the Nifty IT index on October 23, with Persistent Systems delivering year-to-date gains of 55 per cent. Persistent reported 5 per cent sequential constant currency growth for the September quarter, with its hi-tech vertical expected to pick up in the coming quarters. Persistent remains committed to its two billion dollar revenue goal by FY27.

Coforge shares have risen 35.9 per cent in the past year, with a 9.8 per cent increase so far in 2024.