Coforge garnered a net profit of Rs146.7cr in the quarter ending September 2021 (Q2FY22) period, rising by 21.6% yoy. In dollar terms, the company's PAT rose by 22.8% yoy in Q2.
The company's revenue stood at Rs1,569.4cr in Q2FY22 increasing by 36% yoy and 7.4% sequentially. In dollar terms, revenue climbed 37.4% yoy and 6.5% sequentially.
“Our investments in Product Engineering, Cloud, Data, Automation and Integration capabilities continue to power our path to being a $ 1 Bln+ firm next year. This is a landmark year for the firm as we anticipate that we shall grow revenues by at least 35% and our adjusted EBITDA by at least 40% over the previous year. Our ability to significantly improve margins in a supply constrained and escalating costs context while simultaneously driving exceptional growth is a testament to the execution capabilities of Team Coforge”, said Sudhir Singh, Chief Executive Officer, Coforge.
In view of sustained deal wins and incremental business from its customer base, the company is now planning for a growth (excluding SLK Global contribution) of at least 22% in constant currency terms during FY’22, which is higher than the at least 19% growth indicated earlier. This translates to at least 35% of consolidated (including SLK Global) growth in constant currency terms for the firm in FY22. The firm continues to target an adjusted EBITDA margin of 19% for the year.
The Board has recommended an interim dividend of Rs 13 per share, and the record date for this payout will be 8th November 2021.
Total headcount at Coforge, after including the employees of the recently acquired SLK Global, increased to 20,786 during the quarter under review. Further, total order book executable over the next twelve months has expanded 40.6% year-on-year to $688 million
as on 30th September 2021.
