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The Economic Times

Business

Coforge Q1 Results: Profit soars 63% to Rs 519 crore driven by Encora acquisition, AI-led services demand

Coforge Encora Sudhir Singh

IT solutions firm Coforge on Tuesday posted a 63.3 per cent jump in consolidated net profit to Rs 518.6 crore in the June quarter, on the back of its recent acquisition of Encora and robust demand for its artificial intelligence-led engineering and cloud services.

The company had reported a net profit (attributable to owners) of Rs 317.4 crore in the year-ago period, according to regulatory filings.

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