MoneyWorks4Me

Coforge scouting for acquisition in data, cloud, low-code no-code space

02 May 2023 Evaluate

Coforge is scouting for acquisition in areas such as data, cloud, healthcare and `low-code no-code' space. The company has a few conversations going on right now, and for the company, both financial and cultural match will be an important consideration.

The company raced past the $1 billion revenue mark for the full year FY23. It, however, reported nearly 45 per cent year-on-year fall in its consolidated net profit for March quarter at about Rs 115 crore hurt by one time expenses.

Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.


Peers
Company Name CMP
TCS 2083.95
Infosys 1000.95
HCL Technologies 1259.40
Wipro 164.15
Tech Mahindra 1547.00
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