IT firm Coforge has reported 56.16 per cent leap in consolidated internet revenue at Rs 207.7 crore for the fourth quarter ended March 31, 2022. The firm had logged a revenue of Rs 133 crore in the identical interval a 12 months in the past.
Revenue from operations through the quarter elevated to Rs 1,742.9 crore from Rs 1,281.5 crore within the corresponding quarter of 2020-21.
In the 12 months ended March 31, 2022, revenue elevated by 45.23 per cent to Rs 661.7 crore from Rs 455.6 crore in 2020-21.
Annual consolidated income from operations rose about 38 per cent to Rs 6,432 crore from Rs 4,662.Eight crore on the finish of 2020-21.
Coforge in a press release mentioned the agency expects round 20 per cent progress in fiscal 12 months 2023.
“FY22 was a landmark year for the firm and the performance data speaks for itself. Revenue grew 38 per cent, EBITDA grew 42 per cent and PAT grew 45 per cent. The firm is now focused on carving an accelerated growth path to the $2 billion revenue milestone,” Chief Executive Officer Sudhir Singh mentioned.
The firm’s whole order consumption through the 12 months was $1.15 billion, about Rs 8,677 crore.
In the quarter, Coforge mentioned it had a complete order e book of $720 million, executable over the following 12 months. The order consumption was $301 million. Coforge mentioned it had the bottom attrition price of 17.7 per cent within the business.
