Coforge Q1 Results: Net profit rises 10.4% to Rs 165 crore
Coforge, the Indian IT service firm, announced a Q1 profit of $20m, up 10.4% YoY, which it said was due to increased orders. Revenue rose almost 21% to $320m over the same time. The company, however, is operating in a difficult market, with US and European clients cutting back on discretionary spending, in addition to delays in deal closures.
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