{"id":836712,"date":"2024-07-24T10:14:34","date_gmt":"2024-07-24T04:44:34","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=836712"},"modified":"2024-07-24T10:14:34","modified_gmt":"2024-07-24T04:44:34","slug":"coforge-q1-profit-hit-by-acquisition-revenue-up-8","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/24\/coforge-q1-profit-hit-by-acquisition-revenue-up-8\/","title":{"rendered":"Coforge Q1 profit hit by acquisition, revenue up 8%"},"content":{"rendered":"<p>IT services and digital solutions firms Coforge announced their first quarter numbers reporting a 19.4% year-on-year (YoY) drop in profit due to a one-time hit with a stake acquisition of Cigniti Technologies announced in May. On a sequential basis, profit fell 40.5% to Rs 133.2 crore in April to June period 2024 as compared to Rs 223.7 crore in the previous quarter.<\/p>\n<p>The mid-tier firm\u2019s profit stood at Rs 165.3 crore a year ago. Without the acquisition impact, the \u201cnormalised profit\u201d grew 38.2% YoY at Rs 228.5 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IT services and digital solutions firms Coforge announced their first quarter numbers reporting a 19.4% year-on-year (YoY) drop in profit due to a one-time hit with a stake acquisition of Cigniti Technologies announced in May. On a sequential basis, profit fell 40.5% to Rs 133.2 crore in April to June period 2024 as compared to Rs 223.7 crore in the previous quarter. The mid-tier firm\u2019s profit stood at Rs 165.3 crore a year ago. Without the acquisition impact, the \u201cnormalised profit\u201d grew 38.2% YoY at Rs 228.5 crore.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-836712","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/836712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=836712"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/836712\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=836712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=836712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=836712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}