Coforge Ltd (COFORGE)

Coforge Partners with Fiorano for ICaaS Solution - 16 May, 2024

Coforge has partnered with Fiorano to offer an end-to-end ISO 20022 Compliance as a Service (ICaaS) solution for financial institutions' migration journey. The stock is up 0.13% on the NSE.

Coforge Declares Interim Dividend - 15 May, 2024

Coforge Ltd has declared an interim dividend of Rs 19 per equity share with a record date of May 15.

Coforge Q4FY24 Net Profit Rises 94.86% YoY - 13 May, 2024

Coforge Ltd reported a consolidated net profit of ₹223.7 crore in Q4FY24, up 94.86% YoY. The IT firm's revenue from operations also rose by 8.7% YoY to reach ₹2,358.5 crore. Analysts at Kotak Securities and InCred Capital prefer LTIM over Coforge. Nirmal Bang has an accumulate rating on the stock with a target price of ₹5,602 (25.5% upside).

Coforge Ltd to Pay Dividend of Rs 19 per Share - 11 May, 2024

Coforge Limited (NSE:COFORGE) will pay a dividend of Rs 19.00 per share, with a trailing yield of approximately 1.7% on its current stock price of Rs 4465.30. The company has consistently growing earnings per share and an average payout ratio that suggests further dividend increases in the future. Coforge has delivered an average annual increase of 24% in its dividend over the past 10 years.

Coforge CEO Talks AI and Revenue Growth - 08 May, 2024

Coforge Ltd's CEO, Sudhir Singh, highlights the transformative potential of AI while emphasizing the importance of delivery, execution, and intensity for revenue growth in the tech services sector.

Coforge Plans Acquisition, Receives Buy Recommendation - 06 May, 2024

Coforge Ltd plans to acquire Cigniti Technologies and become a $2 billion firm by FY 2026-27. Sanjiv Bhasin recommends buying due to bullish management and strong synergies. The stock lost 10.09% on May 3.

Coforge Ltd to Pay Dividend of Rs 19 per Share - 05 May, 2024

Coforge Ltd is set to pay a dividend of Rs 19 per share on June 1, with a dividend yield of 1.7%. Despite a 30% drop in stock price over the last three months, the company's earnings per share are expected to grow by 80% over the next year, positioning it well for future growth and dividends.

Coforge Acquires Stake in Cigniti Technologies; Reports Strong Q4 Results - 04 May, 2024

Coforge acquires up to 54% stake in Cigniti Technologies to expand North American revenues by 33%, improve operating margins, and grow to a $2bn company by FY27. Additionally, the company reports strong Q4 results with an 8.69% YoY growth in revenue and a significant profit increase of 94.86%. Analysts recommend a Buy rating for Coforge.

Coforge Launches Open Offer to Acquire Stake in Cigniti Technologies - 03 May, 2024

Coforge aims to acquire control of Cigniti Technologies through an open offer. The acquisition is expected to help Coforge become a $2 billion company by FY27. JM Financial maintains a BUY rating on Coforge.

Coforge Reports Strong Q4 Results and Announces Acquisition - 02 May, 2024

IT solutions company Coforge reported a strong Q4 with a 94.86% YoY rise in net profit and an 8.68% increase in revenue. The board declared an interim dividend of Rs 19 per equity share. Additionally, the company announced the acquisition of IT service management company Cigniti Technologies.

Coforge Appoints Om Prakash Bhatt as Additional Director and Chairperson of the Board - 22 Apr, 2024

Coforge has appointed Om Prakash Bhatt as an additional director and non-executive independent director on the board for a term of three years. Bhatt will also serve as the chairperson of the board from June 29, 2024, until the completion of his term.