Revenue up 9.1% QonQ, PAT up 51.1% QonQ

Order book executable over the next twelve months expands to $489mn, up 21% YonY

Industry-leading sequential growth:

10.7% quarter-on-quarter growth in dollar terms.
8.1% quarter-on-quarter growth in constant currency (CC) terms.
9.1% quarter-on-quarter growth in rupee terms.
Strong order booking and deal signings:

Secures two large deals, order intake of US$201mn during the quarter.
Order book executable over the next 12 months up 21% YonY to US$489mn.
Robust operating metrics and significant headcount addition:

EBITDA margin (before RSU cost)

Noida | INDIA, August 24, 2020: NIIT Technologies Limited (NSE: COFORGE), a leading global IT solutions and services organization, announced that the company has begun operating under a new name Coforge Limited with a newly designed company logo unveiled today.

This renaming initiative reflects both the evolution of the company as well as its vision for the future. Tracing its roots back to 1981, the firm has over the last three years charted a very high growth and change trajectory

A focus on very select industries, a detailed understanding of the underlying processes of those industries

Secures three significant deals, order intake of US$186mn in Q1FY’21

Order book executable over the next twelve months increases 18% YonY to US$465mn

Noida, July 28th 2020, Tuesday: Coforge Limited (NSE: NIITTECH), a leading global IT solutions organization, today announced a resilient financial and operating performance for the quarter ended June 30, 2020 (Q1FY’21). Despite having one of the highest exposures within its peer set to the Travel, Transport & Hospitality vertical, which is one of the most adversely affected by the COVID-19 pandemic, the Company has reported consolidated

FY20 Revenue up 18.5% YonY, PAT up 23.2% YonY Q4FY’20 Revenue up 3.3% QonQ, 19% YonY

Order intake during the year increases 16% YonY to US$ 748 mn Board recommends third interim dividend of Rs 11 per share

 

Noida | May 5th 2020, Tuesday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced a robust financial and operating performance for the quarter and year ended March 31, 2020 (FY2019-20). Continuing its growth momentum, the Company has reported consolidated revenue of Rs 4,180.9 crore representing a growth of 18.5% over the previous year. Profit

Hyderabad| INDIA, 5th March, 2020:Incessant Technologies and RuleTek, Coforge companies, achieve 100 Pega Certified Lead System Architects (CLSAs)

Incessant Technologies & RuleTek, a Pega Platinum Partner, today announced they have reached the milestone of 100 Certified Lead System Architects as part of their global Pega certification program.

Certified Lead System Architects (CLSA) are Pega’s most exclusive group of technical experts, leading implementation teams to ensure that solutions leverage the Pega PlatformTM to provide organizations with optimal business value and an enhanced

Noida| INDIA, 30th January, 2020: Coforge Limited , a leading global IT solutions organization, today announced that NelsonHall has positioned it as a ‘Leader’ in the Agile and DevOps NEAT Report 2019.

This NelsonHall Vendor Evaluation & Assessment Tool (NEAT) analyzes the performance of 14 leading vendors offering technological solutions. The NEAT tool enables strategic sourcing managers to assess the capabilities of vendors offering Agile, DevOps and Automated Development Services. It assesses the scale and scope of Agile, DevOps and Automated Development Services capabilities and the

Order intake during the quarter increases to US$ 218 mn

Board recommends second interim dividend of Rs 10 per share

 

Gurugram, January 29th 2020, Wednesday: Coforge Limited  (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for Q3 FY2019-20. The Company has reported consolidated revenue of Rs 1073.4 crore and net profit of Rs 123.3 crore for Q3 FY’20.

 

Q3 Highlights:

Revenues grew 16.1% YonY and 3.4% QonQ
Profit after taxes were up 33.8% YonY and 3.2% QonQ
Order intake of US$ 218 mn, marking the 11th consecutive quarter of

London, November 20 2019, Wednesday: AdvantageGo, the commercial insurance and reinsurance product family from Coforge, today announced that is has been included in the Intelligent Insurer’s “Hot 100” Insurtech companies that have the potential to transform the industry.

“We are honoured to have been included in the list of the world’s hottest insurtech organisations alongside other companies that are making a positive impact on how risk is managed today through innovative technology”, said Adrian Morgan Executive Vice President and Head of AdvantageGo at Coforge. “AdvantageGo is at the

EBIDTA margin expands to 18.3%

Order intake during the quarter at US$ 176 mn

Board recommends interim dividend of Rs 10 per share

Noida, October 23 2019, Wednesday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for Q2 FY2019-20. The Company has reported consolidated revenue of Rs 1038.5 crore and net profit of Rs 119.5 crore for Q2 FY’20.

Q2 Highlights:

Revenues grew 19% YonY and 8.2% QonQ
Profit after taxes were up 12.2% YonY and 17.0% QonQ
Order intake of US$ 176 mn, marking the 10th consecutive quarter of

Enable clients to accelerate desired test automation coverage from months to weeks.

 

India | New Jersey, USA | London, UK – 30th September, 2019 : Coforge Limited a leading global IT solutions organization and mabl, Inc, today announced a global partnership to deliver AI-driven automated solution for faster, economical and better application testing services.

 

With additional AI-driven capabilities of mabl platform - quality insights and auto-healing, Quality Assurance teams can accelerate testing of applications in Agile/DevOps projects. This will enable the teams deliver error free

Enabling Digital transformation of finance operations through solutions powered by ML & AI

 

Noida | INDIA, 26 Sept, 2019: Fennech Financial Limited today announced a global partnership with Coforge Limited to develop joint go-to-market programs designed to accelerate digital transformation of clients’ finance functions in the Banking and Financial Services industry with advanced AI & ML solutions built on F3 platform. Fennech’s F3 is a highly configurable “platform-as-a-service” that automates finance processes, providing high visibility and control, whilst increasing efficiency

Order intake during the quarter at US$ 175 mn

 

Greater Noida, July 23 2019, Tuesday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for Q1 FY2019-20. The Company has reported consolidated revenue of Rs 962.7 crore and net profit of Rs 87.6 crore.

 

Q1 Highlights:

Revenues grew 16.7% YoY.
Profit after taxes up 2.0% YoY on reported basis, up 17.3% YoY after adjusting for non-recurring expenses.
Order intake of US$ 175 mn, marking the 9th consecutive quarter of sequential increase in order intake.
 



Qtr. performance

The company is placed amongst the top three players for ‘overall customer satisfaction’with 36% of the clients being ‘very satisfied’, highest amongst the surveyed providers
Ranked #1 in ‘proactivity’ which indicates that the company proactively comes up with new ideas to make the deal more successful
Highest renewal intentions by the company’s clients compared to all other surveyed providers
London, UK | 02 July 2019 : Coforge Limited, a leading global IT solutions organisation,has been ranked #1 in ’Business Understanding’ for the second consecutive year in the 2019 UK IT Sourcing Study

Noida, India | June 06, 2019 : Coforge today announced that it has been named as a Leader among midsize agile software development service providers that matter most, by Forrester Research Inc., an independent research and advisory firm. Coforge was recognized in the report titled, “The Forrester WaveTM: Midsize Agile Software Development Service Providers, Q2 2019.

Forrester report evaluated 13 agile software development service providers across 22 criteria, which are grouped into three high-level categories of current offering, strategy and market presence. In the Forrester evaluation,

Las Vegas | US, June 4 2019: Incessant Technologies and RuleTek, Coforge companies today announced that they have been recognized with “Partner Excellence in Growth and Delivery” award by Pegasystems Inc. the software company empowering digital transformation at the world’s leading enterprises. Incessant and RuleTek were presented with the award today at the annual PegaWorld conference held in Las Vegas.

The award marks the second consecutive Pega Partner Award win for the companies, recognizing their commitment to driving thought leadership through Pega Community engagement and overall

The solution, based on Microsoft Azure, uses AI to enhance productivity and quality

 


Benefits of Cognitive Service Desk Audit

Enhancing Productivity and Reduced Human Intervention
Minimize Errors – The software will provide accent neutralization to reduce human errors
Improved Quality of Work – the software provides access to a dashboard with insights from the call records and scores
Feedback Mechanism based on AI – The solution will audit 100 % calls using AI, to provide feedback and analysis and provide automated reports on timely basis


 


Noida | INDIA, 16 May, 2019: Coforge

Delivering real-world business impact for the cloud business

 

Noida | INDIA, May 08, 2019: Coforge Limited Limited (NSE: Coforge), a leading global IT solutions organization, today announced a strategic partnership with Blue Chip Customer Engineering Ltd to enhance the profitability and productivity of their customers. The partnership aims to bring Coforge’ wealth management application and Blue Chip’s IBM POWER expertise together to provide an end-to-end solution. Blue Chip provides maintenance, on-premise and cloud services within their Tier III & IV Data Centres in UK, and together

Q4 FY19 revenues grow 23.2% YoY

Noida | May 4th 2019, Saturday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for FY18-19 resulting in revenues of Rs 3,676.2 Crores representing a growth of 22.9% over previous year, operating profits expanded 28.7% to Rs 645.2 Crores and net profits improved by 43.9% at Rs 403.3 Crores.

FY 19 Highlights:

Revenues expand 22.9%
Operating profit up 28.7%
Operating margin improved 80 bps to 17.6%
Net Profits improved by 43.9%
Cumulative order intake for the year is USD 646 MN. Up 27% over

Noida | INDIA, 23 April, 2019: Coforge Limited, a leading global IT solutions organization, today announced that NelsonHall has positioned it as a ‘Leader’ in the Overall market segment for RPA and AI in Banking in its latest NelsonHall NEAT report 2019.

This NelsonHall Vendor Evaluation & Assessment Tool (NEAT) analyzes the performance of 14 leading vendors offering RPA & AI services in the banking sector. The NEAT tool allows strategic sourcing managers to assess the capability of vendors across a range of criteria and business situations and identify the best performing vendors

New Delhi, 06th April, 2019: Coforge Limited, a leading global IT solutions organization, today announced that funds affiliated with Baring Private Equity Asia (“BPEA”), have signed definitive agreements to purchase approximately 18.85 million Coforge Limited shares (approximately 30% shareholding on a fully diluted basis in Coforge) from Coforge Limited and other promoter entities at a price of INR 1394 per share. The aggregate consideration for purchase of shares from promoter entities is estimated to be approximately INR 2627 crores (US$ 381 million at INR / USD exchange rate of 69).

In

Signs definitive agreement to make a strategic investment Transaction to strengthen Digital capabilities, complement existing Transformation competencies, and create a powerful offerings combination in the Digital Integration space

New Delhi, 06th April, 2019: Coforge Limited, a leading global IT solutions organization, today announced that it has signed a definitive agreement with WHISHWORKS IT Consulting, an IT services and consulting company specializing in MuleSoft and Big Data technologies, to acquire a 53% stake initially, with the remaining equity to be acquired over the next two

New Delhi, 06th April, 2019: Coforge Limited a leading global IT solutions organization, today announced that it has signed a definitive agreement for the sale of its entire 88.99% stake in ESRI India Technologies Ltd (Formerly Coforge GIS Ltd.). ESRI India Technologies Ltd has been an exclusive distributor of ESRI Inc cutting edge GIS products in India and has been supporting customers since 1996.The distribution agreement was expiring on 31st March 2019 and Esri Inc expressed its desire to directly manage the distribution of its products in India.

“For many years Esri has partnered with

London, 11th Mar, 2019: AdvantageGo the innovative commercial insurance and reinsurance software provider, announced that Verto Syndicate 2689 has adopted Exact, AdvantageGo´s exposure management insurance solution, to help them manage its exposure for its offshore energy book.

Verto was established in 2017 as a new Lloyd’s syndicate, with backing from Hampden and Asta as its appointed managing agent. It writes treaty reinsurance for cedants worldwide in areas including Property, Casualty, Marine and Energy and other Specialty lines.

Verto’s growth plans require a rigorous exposure

Coforge named a leader in four categories for its digital transformation prowess in the Travel & Hospitality domain

Noida | INDIA, 05 March, 2019: Coforge Limited a leading global IT solutions organization, has been recognized as a Leader in the “Zinnov Zones for Digital Services in Travel & Hospitality ” 2018 study conducted by analyst firm Zinnov. Coforge has been included in the leadership zone for “Overall Travel & Hospitality Digital Services” and across four categories - Travel, Hospitality, Digital Design & Experience, and Digital Consulting.

Zinnov's ranking analyzed

Delivering real-world business impact at the intersect of deep industry expertise and cloud

 

Mumbai, INDIA, Feb 21, 2019: Coforge Limited Limited (NSE: Coforge), a leading global IT solutions organization, today announced a global collaboration with Microsoft, to accelerate the cloudification of its enterprise clients. In collaboration with Microsoft, Coforge will focus on the comprehensive cloud needs of enterprises – from infrastructure to business applications.

 

Building on the current collaboration, Coforge and Microsoft have concluded a strategic Cloud Solution Provider agreement (

Q3 FY2019 revenues grew 7.1% QoQ

Noida, January 18th 2019, Friday: Coforge Limited  (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for Q3 FY2019 resulting in revenues of Rs. 971.7 Crores, operating profits at Rs. 180.5 Crores and net profits at Rs. 100.2 Crores.

Q3 Highlights:

Robust revenue growth -- Revenues up 28.5% YoY and 7.1% QoQ
Strong improvement in Operating Profits, by 39.4% YoY and 10.4% QoQ
Operating Margins expand by 145 bps YoY and 56 bps QoQ
Fresh Order Intake expands to USD 165 Mn
Consolidated revenue for the quarter

Noida, INDIA, Nov 15 2018: Coforge Ltd, a leading global IT solutions organization, today announced a global partnership with enterprise blockchain software firm R3 to develop innovative solutions for Banking and Financial Services, insurance and Travel and Transportation verticals on R3’s Corda, an open-source blockchain platform.

As a part of the partnership, both the organizations will jointly develop solutions that combine the domain expertise of Coforge and leverage R3’s Corda platform and pursue customer opportunities

Sudhir Singh, CEO, Coforge stated, “Our partnership with R3 is yet

Key business benefits include:

High volume location visualisations through a revolutionary graphics engine.
Analysis of the marginal impact from underwriting a new cedent's business.
Real-time event notification service to immediately respond to large catastrophes.
Customised, dynamic dashboards monitoring multi-line global portfolios.
Aggregation across all cedent portfolios at every level from country and state right down to individual locations.
Analyse exposure location counts and data completeness for geography, occupancy, construction, primary and secondary modifiers.



London,

Revenues grow 10% QoQ

Noida, Oct 17th 2018, Wednesday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for Q2 FY2019 resulting in revenues of Rs. 907.4 Crores, operating profits at Rs. 163.4 Crores and net profits at Rs. 111.8 Crores.

Q2 Highlights:

Robust revenue growth -- Revenues up 23.1% YoY and 10.0% QoQ
Strong improvement in Operating Profits, by 37.2% YoY and 25.1% QoQ
Operating Margins expand by 186 bps YoY and 217 bps QoQ
Fresh Order Intake expands to USD 160 Mn
Consolidated revenue for the quarter grew 23.1 %

Applications showcased at IATA Global Airport Passenger Symposium 2018

Athens, GREECE | Noida, INDIA, October 04 2018 : Coforge Ltd., a leading global IT solutions organization, has successfully implemented its Alexa and Blockchain applications leveraging IATA’s Airline Industry Data Model (AIDM) enabling airlines to provide a seamless travel experience to its passengers. The solutions have been unveiled at IATA’s Global Airport Passenger Symposium (GAPS) 2018 being held from October 2-4 in Athens, Greece and are being showcased at booth number 12.

Coforge.’ Alexa application provides

October 3 2018, Hyderabad, India: Incessant Technologies, anCoforge company was among the select companies that Forrester invited to participate in its report, The Forrester Wave™:Digital Process Automation Service Providers, Q3 2018. In this report, Incessant Technologies was cited as a Strong Performer.

The report evaluates providers across 19 criteria, which are grouped into three high-level categories: Current offering: strategy consulting, UX design capabilities, delivery methodology, and studios and labs for process design. Strategy: market strategy and vision, partnerships with

Delivers simpler, quicker and transparent transactions

 


Benefits of Chain-m:

Privacy and transparency – Single view of ticketing transactions for Airlines and agencies.
Quick reconciliation – Eliminates / reduces instances of disputes by implementing smart contracts.
Reduced efforts in resolving disputes - Ease of accepting / disputing ADM/ACM reduces effort spent on the disputed transactions.
Peer-to-peer transmission - All actions are visible to all parties with transactional history maintained for future reference.
Reduced Cost - Collective verification of ecosystem helps reduce

Noida, INDIA, August 06 2018: Coforge Limited, a leading global IT solutions organization today announced that NelsonHall has positioned it as a ‘Leader’ for Migration Capability in the Cloud Advisory Assessment & Migration NelsonHall’s NEAT Evaluation, 2018.

The evaluation assesses capabilities of 15 vendors across multiple dimensions. Coforge exhibited both a high ability relative to its peers to deliver immediate benefit and a high capability relative to its peers to meet client future requirements to emerge as a leader for migration services.

The company’s cloud services are rated

Positioned as a ‘Major Contender’ on the inaugural Everest Group’s Duck Creek Services PEAK Matrix™.

Noida, INDIA, July 27 2018:  Coforge Ltd, a leading global IT solutions organization today announced that it has been named as the only “Star Performer” amongst ‘Major Contenders’ on the 2018 Everest Group’s Insurance Application Services Peak Matrix™. Additionally, the company has also been positioned as ‘Major Contender’ on the inaugural Duck Creek Services in the Everest Group PEAK Matrix™.

Insurance Application Services: Digital Enablement Spend Fuels Market Growth – Services PEAK Matrix

Q1 FY19 revenues grow 4.6% sequentially

 

Noida, July 18th 2018, Wednesday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for Q1 FY18-19 resulting in revenues of Rs. 824.9 Crores, operating profits at Rs. 130.6 Crores and net profits at Rs. 85.8 Crores.

 

Q1 Highlights:

Revenues grow 16.4% YoY and 4.6% sequentially
Operating Profits improve by 17.9% YoY
Operating Margins expand by 21 bps YoY
Fresh Order intake expands further to USD 151 Mn
Consolidated revenue for the quarter grew 16.4 % over the same period last

Bengaluru | Noida, INDIA, July 02 2018:  Coforge Limited, a leading global IT solutions organization has launched its Center of Excellence (CoE) in Bengaluru today. The CoE will be a global delivery center for Digital Process Transformation with a focus on emerging technologies in Cognitive Business Process management areas such as AI, Machine learning, NLP and other disruptive technologies like Block Chain and IoT. The CoE was inaugurated by Mr. Arvind Thakur, Vice Chairman and Managing Director, Coforge. Present at the occasion were Suman Reddy Eadunuri, Managing Director and Country Head,

London, UK | June 26, 2018: Coforge Limited (NSE: Coforge), a leading global IT solutions organization has been ranked no. one for ’Business Understanding’ and shared 3rd position with another provider for ‘General Satisfaction’ by UK clients surveyed in the 2018 UK IT Outsourcing Study conducted by Whitelane Research and PA Consulting Group.

The Key Performance Indicator (KPI) for ‘Business Understanding’ reflects the depth of knowledge and experience that the service provider has demonstrated for its clients’ industry, business and its business processes. Coforge tops in the KPI with

Creating the opportunity for true risk mitigation

May 16th 2018, London - AdvantageGo, the innovative commercial insurance and reinsurance software product family from Coforge, launches 10 pioneering Microservices which augment decision-making and help insurers and reinsurers to quickly reduce cost and proactively manage risk. 

AdvantageGo’s range of Microservices, including Peril Score, Events Service and Asset Tracking, harness a vast array of curated up-to-the-minute intelligence from leading data providers and Internet of Things (IoT), to distil personalised and powerful insights.

Q4 FY18 revenues grow 4.3% sequentially

Board recommends ₹15 dividend per share

Noida | May 4th 2018, Friday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for FY17-18 resulting in revenues of Rs. 2,991.4 Crores, operating profits at Rs. 501.2 Crores and net profits at Rs.280.2 Crores.

Q4 Highlights:

Revenues grow 4.3% sequentially
Operating Profits improve by 9.4% sequentially
Operating Margins expand by 85 bps sequentially
Fresh Order intake of USD 145 Mn
Consolidated revenue for the quarter grew 4.3% sequentially

State-of-the-Art AI technologies to provide unparalleled efficiencies

Hyderabad | INDIA, February 20 2018: Coforge Limited, a leading global IT solutions organization and Arago, a pioneer in artificial intelligence (AI) and leader in autonomous automation today announced that they will deepen their partnership to optimize the IT operations of Global In-House Centers (GICs) using AI to deliver greater agility, high quality standards and superior customer experience.

Commenting on this, Arvind Mehrotra, President, Infrastructure Management Services, Coforge said, “As global MNCs in India

Board appoints Sudhir Singh as CEO

Noida, January 19th 2018, Friday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in December 31, 2017 with revenue expanding 2.6% sequentially to Rs.756.5 Crores representing an increase of 9.0% over same period last year. Operating Profits expanded 8.7% QoQ or 11.4% YoY to Rs. 129.5 Crores and Profit after Tax improved 21.2% over same period last year to Rs. 75.6 Crores.



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NOIDA, November 30 2017: Coforge Limited, a leading global IT solutions organization today announced a strategic partnership with CAST, the leader in software intelligence, to integrate system-level analysis from CAST’s Application Intelligence Platform (AIP) into its automation platform, TRON Smart Automation.

Through this partnership, Coforge will collaborate with its customers to uphold excellence in software quality and help them reduce operational spend. CAST’s AIP will enable TRON Smart Automation to analyze applications for structural risks and application security vulnerabilities

Coforge wins ‘Automation Project of the Year’ award from Global Sourcing Association

London, UK | Noida, INDIA, November 8 2017: Coforge Limited, a leading global IT solutions organization, announced that it has been conferred with the ‘Automation Project of the Year’ award by Global Sourcing Association (GSA). The award recognizes Coforge’ Robotics Process Automation (RPA) solution for enterprises.

Coforge deployed RPA for a leading organisation in insurance and reinsurance business to automate risk entries for all its high volume lines of business (Aviation, Cargo, Marine and Terrorism).

Coforge Announced as Winner for the 2017 ITSMA Marketing Excellence Awards

NOIDA, INDIA, November 6, 2017: Coforge, a global IT solutions organization announced that it has won the Marketing Excellence ‘Gold Award’ for its submission ‘Institutionalizing VoC with a Compelling Service Vision for Exceptional Customer Value’ in the Small or Medium Business category, by IT Services Marketing Association (ITSMA), the leading source for B2B marketers in the connected economy,

ITSMA honored 18 winners of its 2017 Marketing Excellence Awards during its 24th Annual Conference which recognizes

Revenues grow 4% sequentially

Noida, October 18th 2017, Wednesday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in September 30, 2017 with revenue expanding 4% sequentially to Rs. 737.2 Crores representing an increase of 6.4% over same period last year. Operating Profits expanded 7.5% QoQ or 4.1% YoY to Rs. 119.1 Crores and Profit after Tax improved 14.1% over same period last year to Rs. 67.2 Crores.

 



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London, September 29 2017, Coforge Limited, a leading global IT solutions organization today announced the appointment of Gautam Samanta as the head of Europe. In this role, Gautam will be responsible for spearheading the Company's growth in the Europe region and will be based in London.

With over 24 years of experience, Gautam comes with a deep understanding of the technology and business consulting landscape acquired through working in a leading financial services institution, a leading software product company as well as two large global consulting and technology services organizations.

PAT rises 79.5% over previous year

Noida, July 20th 2017, Thursday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in June 30, 2017 with revenue increasing by 5.7% over same period last year to Rs. 708.9 Crores. Operating Profits expanded by 9.1% YoY to Rs. 110.8 Crores and Profit after Tax jumped 79.5% to Rs. 51.3 Crores.



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Strengthens its Digital Integration capabilities and expands footprint in North America

May 31, 2017, Hyderabad, India: Incessant Technologies, an Coforge company and a leader in Digital Integration and agile delivery of Enterprise BPM solutions, today announced that it has signed a definitive agreement to acquire 55% interest in RuleTek LLC, a BPM architecture services company with a track record of successful implementations for Fortune 500 companies.

Headquartered in Meridian, Idaho, RuleTek is a fast-growing business serving customers in the US, with about 65 employees. The company

NOIDA, 29th May 2017: Coforge Limited, a leading global IT solutions organization, today announced the appointment of Sudhir Singh as CEO designate. He joins the company from Genpact where he was the Chief Operating Officer of the IT Services & Capital Markets Business. He played a key role in the acquisition and subsequent integration of Headstrong Technologies between 2012-2014 as Sr. VP and Managing Director of the integrated Genpact Headstrong Capital Markets business.

Prior to Genpact, Sudhir spent close to a decade with Infosys in the US in various sales and client portfolio

NOIDA, May 25 2017 : Coforge Limited, a leading global IT solutions organization has been identified as an ‘Innovator’ in NelsonHall’s ‘Digital Transformation Services NEAT’ (DTS NEAT) report.

Vendors that exhibit strong capabilities to drive future client requirements and have scope to enhance their ability to deliver immediate benefit to clients in the Digital Services space are identified as Innovators. Coforge has been rated high, relative to peers, on consulting capabilities, design thinking and commitment to innovation in delivering Digital transformations.

David McIntire, Research

Noida / Frankfurt, 23 May 2017: Coforge, a leading global IT solutions organization has partnered with Arago, a pioneer in artificial intelligence (AI) and leader in autonomous automation, to integrate Arago’s general AI technology HIRO™ into its automation offering, Tron SMART AUTOMATION. HIRO is a unique problem-solving AI platform that dynamically reacts to a changing environment and is able to autonomously solve ambiguous and complex problems at every level of operations.

On the partnership, Arvind Thakur, CEO Coforge said, “Our partnership with Arago will enable us to deliver a superior

Board recommends Dividend of Rs. 12.5 per share

Noida, May 5th 2017, Friday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in March 31, 2017 with a sequential revenue increase of 7.3% over previous quarter to Rs. 744.7 Crores. Operating Profits increased by 31% sequentially to Rs. 152.3 Crores and Profit after Tax expanded 60.7% to Rs.100.3 Crores. Operating margins for the quarter jumped 370 bps over previous quarter to 20.5%.

The results for the quarter ended March 31, 2017 are as per notified Ind AS

Noida (India) and Bangkok (Thailand), April 26 2017: Siam City Cement Public Company Limited (SCCC), one of the leading cement manufacturers in Thailand has partnered with Coforge Limited (NSE: Coforge), a leading global IT solutions organization, for building its future ready IT infrastructure. Supporting the digital transformation for SCCC, Coforge has designed, delivered and is operating its private and public cloud infrastructure.


Benefits from future ready IT Infrastructure

Cost Containment: supported three-fold growth of SCCC business volumes without increasing cost of data

Automation drives empathetic customer centricity

February 16, 2017: Coforge Limited, a leading global IT solutions provider, today announced the partnership with Nanoheal, a predictive tech support and IT helpdesk platform. Coforge will leverage Nanoheal’s platform within its holistic automation framework “Excelerate” to deliver intelligent and empathetic helpdesk solution.

Nanoheal comes with a made-to-order issue resolution database and a self-managing engine. Nanoheal’s predictive intelligence goes beyond the realms of machine learning, to bring in true automation in resolving devices

INDIA | Noida, COLUMBIA, S.C.; Jan.19, 2017 - Duck Creek Technologies today announced that Coforge Limited, a leading global IT solutions organization, has joined its Global Alliance Program as a certified Delivery Partner.

Duck Creek’s Global Alliance Program is comprised of delivery, solution and technology members who play a crucial role in providing complementary software services and solutions to insurers of all sizes. As a Delivery Partner, Coforge will implement, enable and optimize the solution for carriers worldwide. Insurers can work with certified Coforge team members to implement

Noida, January 17th 2017, Tuesday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in Dec 31, 2016 with a sequential revenue increase of 0.1% over previous quarter to Rs 693.8 Crores. Operating Profits increased by 1.5% sequentially to Rs 116.2 Crores and Profit after Tax expanded 5.9% to Rs 62.4 Crores.


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NOIDA, January 9 2017, Coforge Limited, a leading global IT solutions organization today announced the appointment of Joel Lindsey as the global head of Digital Services, and Adrian Morgan as the head of Coforge Insurance Technologies Ltd (NITL), the specialized insurance technology arm of Coforge providing services around its industry leading platforms.

Equipped with over 20 years of industry experience and deep understanding of digital, Joel will be responsible for building and scaling the company's Digital Services business globally, and shall be based in the US.

Adrian comes with 20

NOIDA, January 09, 2017: Coforge Limited, a leading global IT solutions provider, today announced the deployment of BankingEasy its Core Banking Solution on Microsoft’s Azure platform. The collaboration will empower small and medium banks across India to operate with more flexibility and become RBI compliant.

With the availability of cloud services through datacentres locally in India, banks will be able to leverage Microsoft’s Azure, Office 365, CRM Online and Disaster Recovery Services based on their needs. Additionally, the solution will substantially improve service experience with any

London, UK | New Delhi, India, November 24 2016: Coforge Limited, a leading global IT solutions organization, today announced that it has been conferred with the Award for Innovation in Outsourcing by Global Sourcing Association (formerly known as National Outsourcing Association, NOA). The award recognizes Coforge’ platform “FinGénie” providing Finance and Accounting Transformation Solution for Enterprises.

Kerry Hallard, CEO of the GSA UK, commented: “This was without a doubt the most competitive year ever in terms of submissions. Those who attended the awards ceremony were given the

Secures fresh orders of USD 143 m

Noida, October 15th 2016, Saturday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in Sept 30, 2016 with a sequential revenue increase of 3.3% over previous quarter to Rs 692.9 Crores. Operating Profits increased by 12.8% sequentially to Rs 114.5 Crores and Profit after Tax stood at Rs 58.9 Crores.

The results for the quarter ended Sept 30, 2016 are as per notified Ind AS. The published figures for quarter ended Sept 30, 2015 has been recast to Ind AS.


Quarter

New Delhi, India and London, UK, September 28, 2016: Coforge Limited (NSE: Coforge), a leading global IT solutions organization has been conferred with the Aecus Innovation Awards 2016 from European consulting firm Aecus. Coforge has won the award for delivering ‘Uninterrupted Business and IT operations at Multiple Airports during Unprecedented Crisis’ for Airports Authority of India (AAI).

The award winning submission included the details of the way a crisis created by the natural disaster was handled by Coforge. Heavy rainfalls in Chennai caused immense flooding on the runway and as a

New Delhi, India | London, UK, August 17, 2016: Coforge Limited (NSE: Coforge), a leading global IT solutions organization has been ranked third in delivering Business Value and fifth in providing general satisfaction in the 2016 UK IT Outsourcing Study conducted by Whitelane Research and PA Consulting Group.

The research examined over 800 unique IT outsourcing contracts held by more than 250 of the top IT spending organisations in the United Kingdom. In total, 27 IT service providers were included in the study, with each participant required to have at least eight client evaluations to

Noida, July 15th 2016, Friday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in June 30, 2016 with a revenue increase of 4.5% over the same period last year to 670.7 Crores. Operating Profits were 101.5 Crores and Profit after Tax is 28.6 Crores.

The results for the quarter ended June 30, 2016 are as per notified Ind AS. The published figures for quarter ended June 30, 2015 has been recast to Ind AS.

 


APRIL-JUNE FY’17 Quarter Performance at a glance


 


Ind AS


IGAAP

Board recommends Rs. 10 dividend per share

Noida, May 6th 2016, Friday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, announced its financial results for the year FY15-16 resulting in revenues of Rs. 2,682 Crores, operating profits at Rs. 473 Crores and net profits at Rs. 280 Crores.

FY16 HIGHLIGHTS

Revenues up 13.1% at Rs. 2,682 Crores
Operating Profits up 36.9% at  Rs. 473 Crores
Net Profits up 145% at  Rs. 280 Crores
“Growth during the year came on the back of increased international business and growth in BFSI sector”, said Mr. Arvind Thakur,

Incessant delivers innovative Pega-based iBPM and CRM solutions to global clients

April 28 2016, Hyderabad : Incessant Technologies, an Coforge company delivering a wide range of enterprise BPM and CRM services to its client base, today announced a strengthened alliance with Pegasystems Inc. as a Systems Integrator Partner. Incessant leverages the unified Pega 7 platform and CRM applications to help global organizations realize their digital integration efforts.


Pegasystems develops strategic applications for marketing, sales, service, and operations. Pega’s applications

Center to focus on Digital Integration

Hyderabad | New Delhi, INDIA, March 31, 2016:  Coforge Ltd., a leading global IT solutions organization has launched its Digital Innovation Center (DIC). The center is powered by Incessant Technologies, a leader in Digital Integration and agile delivery of Enterprise BPM solutions, where Coforge had recently taken a majority stake. The DIC will provide a global platform for research and technological development to tap new market opportunities for Digital Integration.

The DIC is spread across 55,000 square feet in Q city, Gachibowli, the most vibrant

Recognized as best-in-class across entire IT partner landscape

Frankfurt, GERMANY | New Delhi, INDIA, March 9, 2016:  Coforge Ltd., a leading global IT solutions organization has secured the “Best Service Provider” award by DB Systel, the ICT subsidiary of Deutsche Bahn (German Railways). Coforge has won this award across the entire partner landscape of DB Systel including global system integrators, local, and offshore IT partners.

Christa Koenen, CEO, DB Systel said, “This award acknowledges our partner who has delivered the highest quality of work and exceptional customer value. Coforge

Scalable and flexible platform allows new entities and lines of business to be added easily and seamlessly

London (UK) and New Delhi (India), February 26, 2016: Coforge Limited, a leading global IT solutions provider, today announced the successful implementation of its next generation policy and claims administration platform, Navigator at Sompo Japan Canopius Reinsurance AG (SC Re), Sompo Canopius’ reinsurance subsidiary.

Navigator offers product management capabilities that allow new products to be configured swiftly without the need for significant IT involvement. Its workflow feature

Partners with UiPath for Robotic Process Automation

New Delhi, February 11 2016, Coforge Limited, a leading global IT solutions organization adopts intelligent automation to drive greater business benefits for its clients globally. It has partnered with UiPath, a software company specialized in Robotic Process Automation (RPA) solutions for this initiative. RPA is the application of technology (software robot) to interpret existing applications for processing a transaction, manipulating data, triggering responses and communicating with other digital systems.

Siddhartha Singh, Head of BPO,

NEW DELHI, January 21 2016, Coforge Limited, a leading global IT solutions organization has been identified as a ‘Leader’ in ‘Digital Transformation Services NEAT’ (Digital Focus market segment) by NelsonHall, the leading global BPO and IT outsourcing firm.

NelsonHall’s Vendor Evaluation & Assessment Tool (NEAT) analyses the performance of 17 vendors offering ‘Digital Transformational Services’ across the globe. NelsonHall defines Digital Transformation Services (DTS) as IT services around e-commerce, websites and mobile apps, cloud computing, analytics and IoT.

Dominique Raviart,

Secures a large deal from a UK regulatory body

Noida, January 15th 2016, Friday:  Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in December 31, 2015 with a revenue increase of 14% over the same period last year to Rs.678.7 Crores. Operating Profits grew 43.4% over same period last year to Rs. 123.6 Crores and Profit after Tax expanded 53.9% to

Rs. 74.2 Crores.

Q3 Highlights:

OCT- DEC FY’16 Quarter Performance at a glance
 

Qtr ended

Dec 31, 2014

Rs. Cr


Qtr ended

London, UK | New Delhi, INDIA, Jan 12, 2016: Coforge Limited (NSE: Coforge), a leading global IT solutions organisation, has been selected as a strategic partner by Ofcom, the UK's communications regulator. Coforge will help Ofcom manage its infrastructure and application systems and offer a customer focused service to improve the users’ experience of ICT services. The value of the contract is £23m over a six year period which includes an initial term of 4 years and extensions.

As a strategic partner, Coforge will implement a dedicated service delivery model and new service management

New Delhi, December 14, 2015: , a leading global IT solutions organization today announced the appointment of Amit Kumar Garg as the Chief Financial Officer (CFO) of the Company. He will be leading the global finance function for and takes over from Mr. Amit Roy who was appointed as Chief Financial Officer in the interim.
Amit Garg brings over 20 years of extensive experience having worked as Director-Finance in Fidelity International and American Express Financial Centre in India. He started his professional career in India with PricewaterhouseCoopers in Audit & Business Advisory

Three day conference for thought leaders, policy makers, strategists, researchers, academicians, GIS & ICT professionals
New Delhi, November 18, 2015:  , country’s leading Geographic Information System (GIS) Software & Solutions provider, announced that the 16th edition of its flagship event, the (UC) is scheduled to be held in Delhi from December 2 - 4, 2015. With the theme “GIS: Creating Our Future”, this year’s UC will provide insights into the ways  GIS technology can be leveraged in leading government initiatives like Smart Cities, Digital India, smart governance and disaster

New Delhi, INDIA | Dubai, UAE, October 26, 2015: Coforge Limited (NSE: Coforge), a leading global IT solutions organization has today announced a long-term strategic agreement with Dubai-based airline flydubai.

The agreement will enable flydubai to build airline-specific IT systems catering to all facets of its business. This will support flydubai’s programme to deliver an enhanced passenger satisfaction.

Coforge plans to deliver these services through its state-of-the-art Global Delivery Center at its campus in Greater Noida.  This will include a dedicated ‘Testing Center of Excellence’

New Delhi, October 16th 2015, Friday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in September 30, 2015 with a revenue increase of 15.2% over the same period last year to Rs. 677.9 Crores. Operating Profits grew 45.2% over same period last year to Rs. 119.4 Crores and Profit after Tax expanded 70.3% to Rs. 68.2 Crores.

Q2 Highlights:

Revenues up 5.7% QoQ
Operating Profit up 14.6% QoQ
Operating margins at 17.6%, an improvement of 135 bps QoQ
Digital revenues 15% of mix
JULY-SEPTEMBER FY’16 Quarter

New Delhi, August 25, 2015: Coforge Limited, a leading global IT solutions organization today announced the appointment of Graham Clark as the head of its Digital Services business. In his new role, Graham will be responsible for spearheading the Company's growth in the digital space globally and will be based in the US.

Coforge has articulated its Digital focus around Digital Experience, Cloud, Analytics and Digital Integration. The Company has built its capabilities in these segments through products and solutions encompassing multi-channel offerings and mobility solutions, Digital

New Delhi, July 24, 2015: Coforge Limited (NSE: Coforge), a leading global IT solutions organization has been recognized as one of India’s ‘50 Best IT- BPM Company to Work For in 2015’ by ‘Great Place To Work® Institute’. Additionally, the Company has also been conferred as the ‘Top 5 large organizations’ in the IT-BPM domain which include companies having over 5000 employees.

The survey conducted by ‘Great Place To Work® Institute’ assessed over 135 companies from the Indian IT-BPM industry through two different lenses: TrustIndex©, employee survey to gather employees’ experience at their

New Delhi, July 14th 2015, Tuesday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in June 30, 2015 with a revenue increase of 11% over the same period last year to Rs. 641.1 Crores. Operating Profits grew 34.5% over same period last year to Rs. 104.2 Crores and Profit after Tax expanded 35.5% to Rs. 58.5 Crores.

Q1 Highlights:

Revenues up 4.9% QoQ
Operating Profit up 4.5% QoQ
Operating margins steady at 16.3%
Digital revenues 14% of mix
Incessant Technologies margin and EPS accretive
APR-JUN FY’16

Signs definitive agreement with Incessant to acquire 51% stake for foray into Digital Integration


New Delhi, May 5th 2015, Tuesday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, announced its financial results for the last quarter and audited results for the year ended 31st March 2015.

Q4 Highlights:

Revenues up 2.7% QoQ
Operating Profits up 15.6% QoQ
Operating Margins up 183 bps QoQ at 16.3%
Net addition of 435 people during the quarter
Consolidated revenues for the quarter grew 2.7% sequentially to Rs. 611.2 Crores and operating profits

Delivery Excellence, Size & Growth, Programs for Innovation and CSR key assessment parameters

Atlanta/Noida, April 13, 2015 – Coforge Ltd., a leading global IT solutions provider, today announced its inclusion in the 2015 list of The Global Outsourcing 100 ® and The World's Best Outsourcing Advisors in the Leader size category.

The awards, presented by the International Association of Outsourcing Professionals (IAOP), are based on an evaluation by a panel of independent experts. Companies are rigorously assessed on size and growth, delivery excellence, programs for innovation and

Introduces Geodesign and associated tools

Mumbai, Feb 12, 2015, Thursday:  Esri India (a joint venture between Coforge Limited, and Esri Inc.), country’s leading Geographic Information System (GIS) Software & Solutions provider, shared details of its offerings for planning Smart Cities in India.

The pace of urbanization is speeding up in India with an expectation of better facilities and living conditions. In this context the Government of India has embarked on a program to develop 100 Smart Cities.

Esri India has introduced Geodesign, a key framework for conceptualizing and planning

Guwahati, January 30, 2015, Friday:  Shri Ashok Gajapathi Raju, Minister of Civil Aviation formally inaugurated the Airport Operations Control Centre (AOCC) at the Guwahati Airport in presence of the officials from Airports Authority of India (AAI), representatives of Coforge and their partners who executed the contract. This implementation is a part of the first phase of airports modernization plan to be rolled out by AAI across 10 airports in India. The multi-airport model integrates with key Airport Systems and is capable of managing multiple Airports through common Airport

New Delhi, January 14th 2015, Wednesday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in December 31, 2014 with a 1.2% sequential increase in revenues to Rs. 595.3 Crores. Operating Profits stood at Rs. 86.2 Crores, indicating a sequential improvement of 4.9% during the quarter.

OCT-DEC FY’15 Quarter Performance at a glance
 

Qtr ended

December 31, 2013

Rs. Cr


Qtr ended

December 31, 2014

Rs. Cr

Growth
YoY
Consolidated Revenue 
Rs. 587.3

Delivering innovative business solutions, quality work and timely delivery

Bangkok (Thailand) & New Delhi (India), January 12, 2015, Monday:  Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization is celebrating its 15 successful years of engagement with Toyota Motor Asia Pacific Engineering & Manufacturing Co. Ltd. This 15 year engagement covers various aspects of the Toyota’s dealer management applications where Coforge has developed, maintained and enhanced multiple applications for Toyota.

Following Thailand, Coforge extended its partnership with

New Delhi, January 09, 2015, Friday: Coforge Ltd., a leading global IT solutions organization today announced that it has been successfully appraised at People Capability Maturity Model (PCMM®) Maturity Level 5 again. The appraisal was performed by KPMG India. Developed by the Software Engineering Institute (SEI) at Carnegie Mellon University in Pittsburgh, USA, PCMM is a maturity framework that focuses on continuously improving the management and development of the human assets of an organization.

The evaluation for all locations in India was based on a thorough analysis of the organization

Partners with Coforge to develop the online platform

India/New Delhi, 18 December 2014 – After several months of development, Air Tahiti Nui is proud to present to the world its new Internet face. The new platform features a whole new design including: an improved navigation structure, new functionalities, and all new rich content including editorial, photo & video of the airline and destination.

With its new Content Management System (CMS), Air Tahiti Nui looks to improve its consumer reach and convince more travelers to choose the Islands of Tahiti for their next holidays.

First

New Delhi, October 15th 2014, Wednesday: Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in September 30, 2014 with a 1.9% sequential increase in revenues to Rs. 588.3 Crores. Operating Profits increased 6.1% sequentially to Rs. 82.2 Crores and Profit After Tax stood at Rs. 40.1 Crores.

Highlights:

Consolidated revenues grew 1.9% sequentially to Rs. 588.3 Crores
Operating Profits grew 6.1% sequentially to Rs. 82.2 crores
USD 103mn of fresh orders
5 new customers added
Launched +ADVANTAGEsuite, next

Next generation Platform designed to support Commercial Insurance growth and profitability

London, UK, October 02 2014: Coforge Limited announces the launch of +ADVANTAGEsuite, the next generation commercial insurance platform designed to drive underwriting profitability.

+ADVANTAGE suite’s highly configurable business user led platform readily adapts to the needs of specific classes of business, allowing new lines to be brought to market quickly. Precise risk visualisation and impact assessment at the point of underwriting, further helped by analytics and reports, enables Insurers to make

New Delhi, July 15th 2014, Tuesday: – Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in June 30, 2014 with a revenue increase of 6.6% over the same period last year to Rs. 577.6 Crores. Sequentially revenues declined 1.8% during the quarter. Operating Profits stood at Rs. 77.5 Crores and Profit after Tax at Rs. 43.2 Crores.

APRIL-JUNE FY’15 Quarter Performance at a glance
 

Qtr ended

June 30, 2013

Rs. Cr


Qtr ended

June 30, 2014

Rs. Cr

Growth
YoY

Secretary MOCA inaugurates the Airport Operations Control Centre 

Chennai, July 02 2014: Sh. Ashok Lavasa, IAS, Secretary Ministry of Civil Aviation (MOCA), Govt. of India formally inaugurated the Airport Operations Control Centre (AOCC) and Data Centre at the Chennai Airport in presence of the officials from Airports Authority of India (AAI), representatives of Coforge and their partners who executed the contract. This implementation is a part of the first phase of airports modernization plan to be rolled out by AAI across 10 airports in India. The multi-airport model integrates with key

103% increase in Order Intake for the year

Board recommends Rs. 9 per share as dividend for the year

New Delhi, May 9th 2014, Friday: –Coforge Limited (NSE: Coforge), a leading global IT solutions organisation, announced its audited results for the year ended in March 31, 2014. Consolidated revenues for the year grew 14% over the previous year to Rs. 2305 Crores and operating profits improved by 7% to Rs. 351 Crores. PAT for the year was Rs. 230 Crores.

The board recommended Rs. 9 per equity share as dividend for FY’14.

“FY’14 has been a year of consolidation” said Mr. Arvind Thakur,

April 23, 2014:  Coforge Ltd., a leading global IT solutions organization and Morris Communications have won the Outsourcing Excellence Award in the Best Managed Services category by Outsourcing Center, the leading resource of outsourcing best practices. The award recognizes Coforge’ strategic partnership with Morris Communications to provide integrated IT and BPO services.

The awards, presented in 12 categories were judged by an independent panel of industry experts who evaluated numerous worldwide entries through a rigorous selection process. The award was presented to Coforge and Morris

Award conferred for third consecutive year


New Delhi, February 6, 2014:  Coforge Ltd., a leading global IT solutions organization has won “Best Offshore Service Provider” award by DB Systel, the ICT subsidiary of Deutsche Bahn (German Railways). This is the third consecutive year that Coforge Ltd. has received this prestigious award.

Mr. Randolf Robert, Head, Global Sourcing at DB Systel said, “We congratulate Coforge for winning this award as the best partner for the third time in a row. This award is the hallmark of consistent high quality work and excellent customer

Secures USD 300mn deal from top client


New Delhi, January 14th 2014, Tuesday: – Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended on December 31, 2013 with a revenue of  Rs. 587.3Crores, representing a growth of 14.2% over the same period last year. Operating Profits stood at  Rs. 95.7Crores, indicating a 17.8% growth over last year.

 

October-December FY'14 Quarter Performance at a Glance
 

Qtr ended

December 31, 2012

Rs. Cr


Qtr ended

December 31

Rich content now available for GIS services

New Delhi, December 11 2013: Esri India (a joint venture between Coforge Limited, and Esri Inc.), country’s leading Geographic Information System (GIS) Software & Solutions provider today announced a strategic partnership with MapmyIndia, India's leader in quality digital map data, Navigation, Tracking, Location Based Services, and GIS based applications. As a part of the partnership both the Companies will collaborate to offer cutting edge GIS solutions along with rich map data to enterprise and Government customers.

Commenting on this

State of the art Cargo Handling System to enable transparency and streamline customer service

New Delhi, November 13 2013: Coforge, a leading global IT solutions organization, today announced a partnership with GRU Aeroporto Internacional de São Paulo (Sao Paolo International Airport), the largest international airport in Latin America to implement and transform the Cargo Handling system at the airport.

This partnership, the first of its kind in Latin America, will result in a single platform cargo handling system, which will handle all performance and operational needs of the cargo

New Delhi, October 15th 2013, Tuesday: – Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended on September 30, 2013 with a revenue of Rs. 587.3Crores, representing a sequential growth of 8.4%.


Operating Profits stood at Rs. 88.6 Crores, representing a QoQ growth of 13.2% while net profits grew 17.2% sequentially to Rs. 62.4 Crores, representing a 44.7% rise over the same period last year.

 

JULY-SEPTEMBER FY'14 QUARTER Performance at a Glance
 

Qtr ended

September 30, 2012

Only Indian IT Company to feature in top 50 Asian Brands’ list


New Delhi, September 18 2013: Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization has been recognized as Asia’s Most Promising brand by World Consulting and Research Corporation.

‘Asia’s Most Promising Brands’ is the largest multi-platform brand project focusing on the most promising brands in Asia, which through their steady development and presence are successfully taking steps in leading the market.

Commenting on the latest achievement, Mr. Arvind Mehrotra President, Asia & Australia

New Delhi, September 2 2013: Coforge Ltd (NSE: Coforge), a leading global IT solutions organization today announced the appointment of Mr. Agendra Kumar as the President of its joint venture subsidiary Coforge GIS Ltd (Esri India).

Speaking on the appointment Arvind Thakur, CEO Coforge Ltd said, “GIS is revolutionizing the way we live and work and Esri India is a leading provider of Geospatial technology. With Agendra joining our leadership team, we look forward to strengthen our leadership position in the market”.

Agendra has over 25 years of experience in IT business management and has

New Delhi, August 26 2013: Coforge Ltd. , a leading global IT solutions organization today announced the appointment of Sudhir Chaturvedi as its Chief Operating Officer. Sudhir joins Coforge from Infosys where he last served as Senior Vice President and Head of Financial Services Americas Business Unit. In this newly created position Sudhir will be responsible for sales & delivery worldwide for Technology and Business services.


Speaking on the appointment, Arvind Thakur, CEO Coforge said, “The Company is preparing for its next phase of growth with an eye to scale business to a

Robust order intake of  $145mn


New Delhi, July 16th 2013, Tuesday: – Coforge Limited (NSE: Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended in June 30, 2013 with a revenue increase of 15.4% over the same period last year to Rs. 541.9 Crores. Operating Profits stood at Rs. 78.2 Crores, representing a YoY growth of 4.1%.


 

APRIL-JUNE FY'14 QUARTER Performance at a Glance
 

Qtr ended

June 30, 2012

Rs. Cr


Qtr ended

June 30, 2013

Rs. Cr

Growth
YoY

Q4FY13 PAT up 22% YoY

Board recommends Rs. 8.5 per share as dividend for the year


New Delhi, May 17th 2013, Friday: – Coforge Limited (NSE: Coforge), a leading IT solutions provider, announced its audited results for the year ended in March 31, 2013. Consolidated revenues for the year grew 28.2% over the previous year to Rs.2021.4 Crores and operating profits improved by 22.8% to Rs. 329.5 Crores. PAT for the year was Rs. 213.2 Crores.


The board recommended Rs. 8.5 per equity share as dividend for FY’13.

“We experienced sequential growth in each

First multi airport implementation in Asia to set up State-of-the-Art Airport Operations Control Centers across 10 cities

New Delhi, April 25 2013: Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization today announced that it has signed a multi-year contract with the Airports Authority of India (AAI) for the implementation of Airport Operations Control Centers (AOCC), in partnership with SITA, the global air transport IT and communication specialist. This is the first multi airport project in Asia which will benefit AAI, its customer airlines, and its other stake-

Program to transform AP Govt's Financial Management Systems

New Delhi, April 22 2013: Coforge Ltd (NSE: Coforge), a leading global IT solutions organization has signed a multiyear Comprehensive Financial Management System (CFMS) contract with the Finance Department of Andhra Pradesh.  Under the CFMS project the department will undertake a series of service improvements across all the functions of public financial management to enhance the overall efficiency and end user experience.

With this initiative, Coforge will help Andhra Pradesh government to transform from its current public finance

System enhances operational efficiency, performance and productivity
New Delhi, 26thFebruary 2013: Coforge Ltd. (NSE: Coforge), today announced the successful implementation of WOS (Warehouse Operating System), an integrated  cargo management solution, to manage cargo handling operations of Cathay Pacific Services Limited (CPSL), a wholly owned subsidiary of Cathay Pacific Airways, at their brand new Cathay Pacific Cargo Terminal in Hong Kong SAR.
Cathay Pacific Cargo Terminal, specially designed for cargo hub operations, will provide an extensive range of cargo handling services to customers

2012 was a year that brought significant challenges for the business process outsourcing (BPO) industry, and in 2013, customers are sending service providers a clear message: they now expect far more than just cost savings from a BPO engagement. So what’s going on?  Learn More

Strengthens engagement with Odisha Police Force for real-time crime and criminal information

Odisha, India, February 5, 2013, Tuesday:- Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization announced the successful launch of the CCTNS project in Odisha. The project will reinforce the Indian Police in its modernization efforts by playing a significant role in the implementation of the ambitious Crime and Criminal Tracking Network System (CCTNS).

The implementation of first phase has started in Odisha in two pilot districts at 36 police stations and 11 higher offices. The

Empowering Jharkhand Police force with real-time crime and criminal information

Ranchi, India, 31 January, 2013, Tuesday: Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization today announced the successful launch of the ambitious Crime and Criminal Tracking Network System (CCTNS) in Jharkhand. The programme will empower Jharkhand Police force with real-time crime and criminal information across the state with a view to enhance security and improve service to citizens.

Phase1 implementation has begun in two pilot districts, Ranchi and Khunti, at 44 police stations and 57

New Delhi, January 15th 2013,Tuesday: – Coforge Ltd.(NSE:Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended  December 31, 2012, with a revenue increase of 18.8% over the same period last year, representing a sequential growth of 2.9%. There was a currency loss of 1.5% in revenues during the quarter.

“Revenues grew 4.4% sequentially in constant currencies during the quarter reflecting the sustained growth momentum of the company” said Mr. Arvind Thakur, Chief Executive Officer, Coforge Ltd. “Net Profits rose 30% sequentially to Rs

Strengthens position as employer of choice
New Delhi, November 5th 2012, Monday :- Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization, today announced that the company has been ranked No. 6 in the  Dataquest-CMR Best IT Employers Survey 2012. The analysis was based on an industry-wide employee satisfaction survey. The company is ranked No.4 in company image and culture and makes remarkable presence across categories.

Commenting on Coforge’ performance in the Best Employers Survey, Ed Nair, Editor, Dataquest said,, “I congratulate Coforge for their consistent

EXACT® - empowers Underwriters to manage exposure and reduce potential losses

Sydney, October 26th 2012, Friday :- Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization, today announced the launch of EXACT® Advantage for APAC and ANZ market. EXACT® Advantage is a proven risk exposure management product in use by leading global insurance and reinsurance companies across Europe. It covers all lines of business with its key focus being commercial and specialty insurance markets.


EXACT® Advantage allows underwriters access to relevant and accurate information

New Delhi, October 16th 2012,Tuesday: – Coforge Ltd.(NSE:Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended  September 30, 2012, with a revenue increase of 34.8% over the same period last year, representing a sequential growth of 6.5%. Operating Profits stood at  Rs. 84.8 Crores representing a YoY growth of 54.2% and sequential growth of 13%.

Performance highlights:

» Consolidated Revenues grow 6.5% sequentially to Rs. 500.1 Crores

» Operating Profits grow 13% sequentially to Rs. 84.8 Crores

» Operating

New Delhi, October 15th 2012, Monday :- Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization, today announced that it has been conferred with the prestigious 2012 American Society for Training & Development’s BEST Award. The Company competed against 84 organizations from 13 countries and was ranked No.1, across all industries globally. The ASTD BEST Award recognizes organizations that demonstrate enterprise-wide success as a result of employee learning and development. 

 

“It is a matter of great pride to be ranked No. 1. Our learning function played a

New Delhi, 25th September, 2012, Tuesday: Coforge Ltd. (NSE: Coforge), a leading IT solutions Company, has bagged the “Skoch Digital Inclusion Award 2012”. The award recognizes the best ICT-backed initiative, for its Border Security Force project, Intranet Prahari. The Company was conferred the award under the ‘Best Process Automation’ category as the project enabled BSF perform more efficiently with the integration of major processes.

This is the second award conferred on Intranet Prahari in this quarter, after been recognized the “Best G2G Initiative of the year” at eWorld Forum during

Deepens engagement with existing large customer in Travel vertical

New Delhi, Manila, Atlanta, London, Singapore, Thailand, 11th September, 2012, Tuesday :- Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization today announced that it has signed an agreement to acquire Sabre Holdings’ Philippines Development Center. Sabre, a global technology company, is the world’s leading provider of solutions for the travel industry and also a key customer of Coforge.


The acquisition further deepens Coforge’ engagement with Sabre and enhances its global delivery

New Delhi, India, 29th August, 2012, Wednesday :- Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization, announced today that its Chief Executive Officer, Mr. Arvind Thakur, is the winner of the prestigious Gold Stevie® Award in the Executive of the Year, Computer Services category, for The 9th Annual International Business Awards.

 

Arvind Thakur serves as the Chief Executive Officer and Joint Managing Director on the board of Coforge Ltd. Under his leadership, the Company has positioned itself as one of the top global IT services provider in select industry

Strengthens Company’s participation in large System Integration programs

 

New Delhi, India, 27th August, 2012, Monday :- Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization today announced that it has been selected as the system integrator for implementation of the ambitious Crime and Criminal Tracking Network System (CCTNS) for the state of Odisha. CCTNS is a comprehensive and integrated nationwide system designed to help the police investigate crime and detect criminals with a view to enhance security and improve service to citizens. The value of the

Company offers Analytics, Mobility, Cloud and Social Business to transform the IT Landscape

 

Bangkok, Thailand, 17th August, 2012, Friday :- Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization, has announced that it will showcase its Analytics, Mobility, Cloud and Social Business services at Thailand today. To understand how technology will help tackle future challenges and enable interconnected enterprise, Coforge in association with IDC is hosting a half a day seminar on “Building a Connected Manufacturing Enterprise: Four Forces of IT” at Sheraton Grand,

To set up State-of-the-Art auction platform

 

New Delhi, August 1st 2012, Wednesday :- Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization announced an engagement for implementation of an Auction system for the India Tobacco Board for the states of Karnataka and Andhra Pradesh. This is one of the key e-governance initiatives in the area of Commodity Marketing in India. The Company secured this contract against prominent players in the industry and is valued at  Rs. 35 crores.


Commenting on the project, Mr. G. Kamala Varhana Rao, Chairman of the

Wins Excellence Awards in three categories

 

New Delhi, July 26th 2012, Thursday :- Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization, today announced that it has been conferred with three awards this year at Asia’s Best Employer Brand Awards 2012. The award categories under which Coforge was recognized are “Excellence in Training”, “Excellence in HR” through Technology and the “HR Leadership Award” which has been presented to Rosita Rabindra, Chief People Officer, Coforge at the official award ceremony held last week in Singapore.  


The

New Delhi, July 19th 2012,Thursday: – Coforge Ltd.(NSE:Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended June 30, 2012, with a revenue increase of 43% over the same period last year, representing a sequential growth of 5.9%. Net Profit increased by 40% YoY and 24% QoQ to Rs. 57.5 Crores. Operating Profits stood at Rs.75.1 Crores.

Performance highlights:

» Consolidated Revenues were up at Rs. 469.6 Crores compared to Rs. 328.8 Crores same quarter last year

»  $ 83m  fresh order intake

» 5 new significant

Strengthens Europe leadership team to sustain growth momentum 


New Delhi, June 13th 2012, Wednesday:- Coforge Ltd. (NSE: Coforge), a leading IT solutions organization today announced the appointment of Jyoti Srivastava, as Senior Vice President and Head of UK Operations. Jyoti was till recently Vice President at Tata Consultancy Services and has held various global roles during his long tenure at Tata Consultancy Services including, Head – Transportation Practice. Jyoti has rich experience spanning over 22 years in the IT industry.


Commenting on the appointment, Sunil

Appointment Strengthens Coforge’s Travel Leadership Team and Renews Focus on Growth


New Delhi, June 7th 2012, Thursday:- Coforge Ltd. (NSE: Coforge), a leading IT solutions organization today announced the appointment of Patrick Grubbs as Senior Vice President for the Travel, Transport & Logistics (TTL) vertical at Coforge Inc. Most recently, Grubbs was the Vice President & Global Head of HCL AXON’s travel business. He has more than 24 years of experience in the travel industry.


As Senior Vice President, Grubbs will be responsible for managing and developing

eWorld Forum honors the project under Public Choice Award


New Delhi, July 5th 2012, Thursday:- Coforge Ltd. (NSE: Coforge), a leading IT solutions Company, announced today that its project for Border Security Force , “Intranet Prahari” has been awarded the “Best Government to Government Initiative of the Year” during eWorld Forum  2012 , under the Public Choice Award category .This award category recognises the best ICT-backed initiative that has made it easier, more efficient and effective for government departments or agencies to interact with one another.


Commenting

Board recommends 80% dividend for FY12

New Delhi, May 4th 2012, Friday:-

Coforge Limited (NSE: Coforge), a leading IT solutions organisation, announced its annual results for FY 2011-12. Consolidated revenues for the year grew 27.9 % over the previous year to  Rs. 1576.5 Crores and net profits improved by 8.2 % to  Rs. 197.2 Crores. Operating Profits improved by 11.6 % to  Rs. 268.4 Crores. Board recommends  Rs. 8 per equity share as dividend for FY12.

“28% growth during the year came on the back of new large engagements and expansion within our top accounts” said Mr. Arvind Thakur, Chief

Strategic Partnership Brings Data Sustainability to the Banking & Financial Services Markets

Atlanta , April 11, 2012 – : Coforge, a leading global IT solutions organization, announced today that it has selected Black Watch Data, a strategic provider of expert methodologies and technologies in data governance and data management , as its strategic partner for Coforge’ banking industry vertical and business intelligence practice.


Ravi Nimmagadda, Senior Vice President of Coforge, said, "This partnership brings innovative business solutions, which address data governance, data

New Delhi, 28th March, 2012, Wednesday: Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization, today announced the successful implementation of an automated Content Management and Delivery system at Singapore Parliament. The recording system enables the recording and archiving of parliament proceedings. Singapore Parliament is first ever in Asia to implement Content Management and Delivery system. 


The recording system brings sophisticated publishing capabilities in-house for Singapore Parliament. It provides useful features at a touch of a button like, fast

Secured engagements with cumulative value of Rs. 300 Crores

Mumbai, India, 15th February, 2012: Coforge Ltd. (NSE: Coforge), a leading global IT solutions organization announced its contribution to reinforce the Indian Police in its modernization efforts by playing a significant role in the implementing of the ambitious Crime and Criminal Tracking Network System (CCTNS). CCTNS is a comprehensive and integrated nationwide system designed to help the police investigate crime and detect criminals with a view to enhance security and improve service to citizens.

Union Government has announced

System increases operational efficiency and enhances customer satisfaction

New Delhi, India, 6th February,2012 Coforge Ltd. (NSE: Coforge), the global IT solutions provider, today announced the successful deployment of its Cargo Operations Intelligent System (COSYS), a complete cargo management platform, to manage cargo handling operations by Tan Son Nhat Cargo Services, at the Tan Son Nhat International Airport, Ho Chi Minh City, Vietnam.

Tan Son Nhat Cargo Services will use COSYS to provide tailor-made e-freight compliant solutions for cargo handling agents and carriers from single front

New Delhi, January 18th, 2012, Wednesday: –

Coforge Ltd.(NSE:Coforge), a leading global IT solutions organization, today announced its consolidated financial results for the quarter ended December 31, 2011, with a revenue increase of 44% over the same period last year to Rs 433 Crores. Net profits increased by 34% to Rs 64 Crores.

Performance highlights:

» Consolidated Revenues up 16.7% QoQ to Rs 433 Crores

» Operating Profits up 41.8% QoQ to Rs 78 Crores

» Operating Margins up 18% QoQ at 319 bps

» Net Profit up 39.8% QoQ to Rs 64 Crores

» Company posted an EPS

1. Intranet Prahari” project for Border Security Force (BSF), which was implemented by the Coforge was today launched by Hon’ble Union Home Minister Shri P. Chidambaram, in the presence of BSF Director General Shri U.K. Bansal and other senior officials in New Delhi.
2.  The Intranet Prahari Project worth Rs. 229 Cr was sanctioned by MHA on 25 February 2010. This Project essentially is an Enterprise Resource Planning (ERP) Solution through Coforge Ltd for Border Security Force (BSF) where-in all major processes such as Finance, Inventory Management, Operations and Personnel Information have

Secures three large contracts, builds significant order book

New Delhi, October 18th 2011, Tuesday: –

Coforge Ltd.(NSE:Coforge), a leading global IT solutions organization, today announced its consolidated financial results for the quarter ended September 30, 2011, representing a sequential revenue increase of 12.9% to Rs. 371 Crores.

The Company secured a record $ 200m of fresh orders during the quarter.

Performance highlights:

Consolidated Revenues up 12.9% QoQ to Rs. 371 Crores
Net Profit up 11.2 % QoQ to Rs. 46 Crores
7 new customers added
Established a strategic partnership

Coforge Ranked in Top 20 Best IT Employers in DQ-CMR Best Employers Survey 2011

Makes significant presence across categories, ranked No.4 in Best HR Practices

New Delhi, India, 28thSeptember, 2011, Wednesday: Coforge Limited, a leading global IT solutions organization, today announced that it has been ranked No.13 Best IT Employer in DQ-CMR Best Employers Survey 2011, based on an industry-wide employee satisfaction survey. The Company was also ranked No.4 in Best HR Practices after a comprehensive analysis of HR policies across the industry

The survey attributes Coforge’ ranking to a

Coforge Greater Noida Campus awarded the LEED Platinum rating

New Delhi, India, 14th September, 2011, Wednesday: Coforge Limited, a leading global IT solutions organization is ensuring that it remains on the Green path, as it steps up its growth and expansion initiatives. The Company has been conferred with the Platinum Green Building rating for the Software Development Block (SDB) on its new campus. This is the highest level of green building certification awarded by the Indian Green Building Council's LEED rating system.

Built on a total floor area of approximately 300,000 square feet,

New Delhi, India, 07 September, 2011, Wednesday:

Coforge Limited, a leading IT solutions organization today announced the appointment of John Pierce as the Senior Vice President, Insurance Business. John brings over 36 years of experience in strategy development and managing the IT function and organizations, specializing in the insurance industry.

Commenting on the appointment, Lalit Dhingra, President- US, Coforge, said, “The addition of industry veteran like John, accentuates our commitment to hiring the best talent as we strive to achieve next level of growth and be the first choice

Wins the prestigious “ASIA’s Best Employer Brand Awards 2011” in two categories

New Delhi, India, 2nd August, 2011, Tuesday:

Coforge Limited, a leading global IT solutions organization, was conferred with the “HR Leadership” and “Excellence in Training” Awards at ASIA’s Best Employer Brand Awards 2011 ceremony held in Singapore recently. The prestigious Human Resource Development event, which honors organizational transformation and development, had companies participating from over 19 countries across Asia.

This is the second year in a row that Coforge has been recognized for its focus

Wins two transformational deals, strong momentum in US & Europe

New Delhi, July 19th 2011,Tuesday: –

Coforge Ltd.(NSE:Coforge), a leading global IT solutions organization, today announced its financial results for the quarter ended June 30, 2011, showing consolidated revenues increase 4.15% QoQ to Rs. 328.8 Crores.

Performance highlights

Consolidated Revenues were up at Rs. 328.8 Crores compared to Rs. 315.7 Crores last quarter
Wins a Multi – Year infrastructure managed services contract from Eurostar International
7 new customers added
6265 employees as of June 30, 2011; net

Establishes onshore joint venture to expand business

New Delhi, India, 13th July, 2011, Wednesday:

Coforge, a leading IT solutions Company, announced today a strategic partnership with Morris Communications, a privately held leading media company with headquarters in Augusta, Georgia. This partnership provides for integrated IT & BPO services to Morris communication for an aggregate amount of US $ 85 m over a period of 5 years. Coforge will have the controlling interest in the joint venture. .

Commenting on the relationship, Steve K. Stone, Senior Vice President and Chief Financial

Multi-year deal strengthens Coforge’ European presence

New Delhi, 11th July, 2011, Monday:

Coforge Limited, a leading IT solutions organization, today announced that it has signed a multi-million GBP contract with Eurostar, the high-speed passenger service between the UK and mainland Europe, to provide infrastructure management services for its core business applications. Coforge was chosen to support the drive to improve efficiency as part of Eurostar’s ongoing focus on service quality.

Christophe Lemaire, CIO, Eurostar said , “ Many global businesses face challenges to reduce cost and

Austin, TX, June 20, 2011 – Coforge, at HITEC 2011, today announced the development of Pegasus Solutions’ RezView Mobile product, a highly configurable hotel booking and reservation management application based on Pegasus‘ RezView NG enterprise delivery platform.

Lalit Dhingra, President Coforge, Inc. said, "It gives us great pleasure to be a strategic technology partner for Pegasus Solutions, a leader in hospitality technologies, and to build this mobile application for the highly dynamic hospitality industry."

Pegasus’ RezView Mobile will allow the company’s hotel customers to configure

Largest in India, world-class Integrated Cargo Complex at Delhi International Airport

New Delhi, 20th June, 2011: Cargo Service Center India Pvt. Ltd (CSC), the leading Air cargo handling service provider in India, announced a strategic partnership with Coforge, the leading IT solutions provider, and Siemens Ltd., one of the world’s largest materials handling solutions provider. The partnership will create a world-class cargo handling facility for the Integrated Cargo Complex at Delhi International Airport which is funded by IDBI. This integrated cargo complex will be the first of its kind

Strengthens executive team to sustain growth momentum

New Delhi, 14th June, 2011, Tuesday:

Coforge Limited, a leading IT solutions organization today announced the appointment of Deepak Khosla as the Global Head of Sales & Marketing. Deepak was till recently President – SAARC at Patni Computers Systems (now iGATE Patni) and has held key positions in sales and global marketing with experience spanning over 22 years in the IT industry.

Commenting on the appointment, Arvind Thakur, CEO, Coforge Ltd said , “The Company delivered industry leading growth during FY 2011. I am happy to induct

Consolidated Revenues at Rs.1232.3 Crores, up 34.9% YoY
Operating Profits at Rs.240.4 Crores, up 27.3% YoY
Profit After Tax at Rs.182.2 Crores up 44.2% YoY
Board recommends Rs.7.5 per equity share as dividend
New Delhi, 6th May, 2011, Friday:

Coforge Limited, a leading IT solutions organisation, announced its consolidated annual results with industry leading growth in revenues and profits for FY 2010-11. Consolidated revenues for the year grew 34.9% over the previous year to Rs.1232.3 Crores and net profits improved by 44.2% to Rs.182.2 Crores. Operating Profits improved by 27.3% to Rs.

iPad-enabled program links patients, physicians and hospitals on a common technology platform
"He was delighted with the process, partly because it was a new experience for him but primarily because his check-in time was under two minutes," said Pranam Ben, COO and head of Coforge Healthcare Technologies. “We’ve found that regardless of the patient’s age or experience with technology, their overall satisfaction with the program has been exceptional.” 
Coforge Healthcare Technologies partnered with the hospital last fall to launch a pilot program that tests an all-new IT product called “MASH

Receives Top Honors consecutively for the third year in a row

New Delhi, 9th February, 2011, Wednesday: Coforge Limited, the global IT services provider headquartered in New Delhi, has secured top honors of No.1 ranking among all IT Outsourcers in the Datamonitor Black Book of Outsourcing 2010 Travel Industry survey. Datamonitor Black Book of Outsourcing survey is the world’s largest investigation into customer satisfaction with IT Outsourcing.

The survey was conducted by evaluating outsourcing vendors across 13 key performance indicators of operational excellence. The survey findings have

New Delhi, 7th February, 2011, Monday: Coforge Limited, the global IT services provider headquartered in New Delhi, has been ranked number 3 among all global IT outsourcers in the Datamonitor Black Book of Outsourcing 2010 survey, the world’s largest investigation into customer satisfaction with IT outsourcing.

The independent survey carried out by leading analyst Datamonitor which covers over 1800 outsourcers globally have been compiled from more than 6500 buyer and user responses, across over 31000 service experiences.

Coforge stormed into the Top 50 when it was ranked number 36 in the

Consolidated Revenues at Rs.300.6 Crores, up 30.6% YoY
Operating Profits at Rs.62.2 Crores, up 22.7% YoY
Profit After Tax at Rs.47.8 Crores, up 35.3% YoY
New Delhi, 18th January, 2011, Tuesday: Coforge Limited, a leading global IT solutions organization, announced its consolidated third quarter results for the quarter ended December 31st, 2010, posting consolidated revenues of Rs.300.6 Crores representing a 30.6% increase over the same period last year.

Operating Profits grew 4.9% sequentially to Rs.62.2 Crores and Profit After Tax stood at Rs.47.8 Crores, a 9.8% increase over the previous

A recent report by independent analysts at OVUM highlights the ability of Coforge’ unique Managed Infrastructure Services that meets the needs of customer organizations. The report describes Coforge as a global organization of adequate size and maturity to deal with the requirements of large organizations, while also maintaining the ability to focus on the needs of small to medium sized enterprises.

OVUM reveals that Coforge is a focused provider that extends a highly mature delivery model to a wider range of customer types, therefore offering organizations significantly improved ROI. The

Coforge Ltd. announced the appointment of Ms. Pratibha K. Advani as the Chief Financial Officer. She takes over from Mr. Amit Roy who was appointed as Chief Financial Officer in the interim.

Ms. Advani joins Coforge from Barclays Shared Services Pvt. Ltd. (a subsidiary of Barclays Bank Plc.) where she was Chief Financial Officer. Her previous experience includes working as the Vice President Finance & Chief Financial Officer at GE-SBI Cards. She was also the Sourcing and Productivity Leader at GE Money, India. Pratibha started her finance career with ITC Ltd. and spent  15 years

Net Profits increase by 131% over same period last year

Coforge Limited, a leading IT solutions organization, continued its sequential growth momentum with its first quarter result for the quarter ended June 30, 2010, showing consolidated revenues of Rs. 291.4 Crore, up 21.8% over the previous quarter.

Operating Profit for this quarter was Rs. 54.1 Crore while Profit After Tax stood at Rs. 40.8 Crore.


"Strong growth came on the back of a significant intake of fresh orders in the last quarter," said Mr. Arvind Thakur, CEO, Coforge Ltd. "There was all round sequential growth in each

Coforge GIS Limited (ESRI India) today announced the appointment of Mr. S Sridhar as the President and COO, based at the Corporate Office at New Delhi. Mr. Sridhar will be an imperative part of the top management team and will be responsible for driving the business of Coforge GIS Ltd., both from technology and solutions perspective. 

Welcoming the new member to the management team, Mr. Rajesh C. Mathur, Vice Chairman, Coforge GIS Ltd., said, "We are delighted to have Sridhar on board. His broad background with varied industries and his extensive experience with global operations will

Coforge Limited, a leading global IT solutions organisation and Hitachi Asia (Thailand) Co. Ltd., a leading IT services company with over 50 years of experience in Japanese market have jointly launched a high-reliability Cloud Computing Service, leveraging their respective expertise in Data Center management.

The Cloud Computing hub will be hosted in Coforge’ Data Center in Bangkok and would initially serve local Japanese corporations.


"With our strong track record in Managed Services this partnership would provide enhanced value to our customers. Cloud Computing is a pioneering service

Coforge Limited, a leading global IT solutions organisation, announced its partnership with Adecco S.A., a Fortune 500 company and world leader in Human Resource services, thereby consolidating their relationship.

Recognizing the need for the complete basket of services offered by Coforge, the existing Joint Venture Agreement has been replaced with a comprehensive Collaboration Agreement whereby, Coforge is designated as a preferred vendor for its IT outsourcing program.
Mr. Patrick De Maeseneire, CEO, Adecco SA said "The renewed partnership provides Adecco with a platform to

Net Profit increases by 57% over same quarter last year

Consolidated Quarter Results (January-March 2010)

Consolidated Revenues at Rs. 239.2 Crores, up 4% QoQ
Operating Profits at Rs. 52.9 Crores, up 4% QoQ
Operating Margin at 22%, increase of 7 bps QoQ
Profit After Tax at Rs. 41.3 Crores up 17% QoQ
Fresh order intake of USD 124 Mn
Coforge Limited, a leading IT solutions organization, announced its consolidated fourth quarter result for the quarter ended March 31, 2010. The Company reported revenues of Rs. 239.2 Crores for the quarter ended March 31, 2010, representing a sequential

To implement and maintain the state of art COSYS IS at Tan Son Nhat International Airport, Vietnam 

Coforge Ltd, the global IT solutions provider headquartered in New Delhi announced that it will develop, implement & maintain the state of art cargo operations system (COSYS IS) to support the cargo handling operations at Tan Son Nhat International Airport, Ho Chi Minh City, Vietnam.

Coforge has partnered with Singapore Airport Terminal Services (SATS) to globally implement and market COSYS IS – the cargo handling solution to other ground handlers and airlines. 

COSYS IS is specifically

Coforge to implement & maintain Cargo ground Handling Solution for PT JAS

March 16 , 2010 :

To implement the state of art Cargo Operations Intelligent System (COSYS IS) to support the cargo handling operations at the Jakarta, Bali and Surabaya Airports.

Coforge Ltd, the global IT solutions provider headquartered in New Delhi announced that the Company will implement and maintain the state of art cargo operations system (COSYS IS) to support the cargo handling operations at Jakarta, Bali and Surabaya Airports for PT JAS (PT Jasa Angkasa Semesta).

Announcing the

Coforge announces strategic tie-up with SATS

March 11 , 2010 :

Global IT solutions provider Coforge has formalized a strategic partnership with Singapore Airport Terminal Services (SATS) to globally market and implement “COSYS Intelligent Solutions (CIS)”.

Coforge Ltd, the global IT solutions provider headquartered in New Delhi, India announced a strategic partnership with Singapore Airport Terminal Services (SATS), to jointly market and implement its state of art COSYS Intelligent Solutions (COSYS IS) to help air cargo ground handling agents improve their cargo handling

Border Security Force (BSF), the country’s premier paramilitary force tasked with securing its borders has approved placement of the contract for the Rs. 228 crore Intranet Prahari project to Coforge Limited, a global IT solutions organization headquartered in New Delhi. The project involves setting up of the complete infrastructure, network and applications to facilitate operations management, integrated financial activities, and human resources management for the force.

Border Security Force as a premier force has been growing steadily since its inception in 1965. Today, it has over 157

Coforge names David Shaw SVP & Practice Leader for North American Insurance vertical

February 16 , 2010 :

Coforge today announced that David Shaw has joined the company as Senior Vice President and Practice Leader for North American Insurance Vertical.

“We are delighted to welcome David Shaw to Coforge. David has decades of experience working in the insurance sector and his knowledge and expertise will make significant contributions to our service offerings.”said Lalit Dhingra, President of North America, Coforge.

David Shaw, who assumed this role, will be based out of Coforge’ U

Coforge GIS becomes exclusive distributor in India for the ENVI suite of products from ITT

February 1 , 2010 :

Coforge GIS Ltd has entered into a strategic relationship with ITT Visual Information Solutions (ITT VIS) of Boulder, Colorado, a subsidiary of ITT Corporation, the developers of ENVI image processing and analysis software. As part of this partnership, Coforge GIS Ltd. will become the exclusive distributors of the ENVI suite of image processing software products for India, Nepal, Bhutan and Sri Lanka Sri Lanka beginning January 1, 2010. This suite of ITT VIS products includes

Consolidated Revenues at Rs. 230.1 Crores, up 2% QoQ
Operating Profit at Rs. 50.7 Crores, up 11% QoQ
Operating Margins at 22%, up 178 bps QoQ
Profit After Tax at Rs. 35.3 Crores, up 10% QoQ
Partners with Hitachi Information Systems, Ltd., Japan to offer Cloud services
Coforge Limited, a leading global IT solutions organization, announced its consolidated third quarter results for the quarter ended December 31st, 2009, posting consolidated revenues of Rs. 230.1 Crores representing a sequential growth of 2%.

Operating Profit for the quarter was Rs.50.7 Crores and PAT Rs. 35.3 Crores which

UK economy officially out of recession but finance and accounting outsource market to grow in 2010

January 27 , 2010 :

The first official figures out this week reveal that Britain is technically out of recession, but pressure on companies to cut costs remains intense. The rapidly evolving market for the outsourcing of finance and accounts (F&A) – driven by the current economic climate and changing customer preferences – has resulted in a raft of solutions being developed to optimise cost-savings and enhance efficiencies inside the accounts departments of large and small businesses

Coforge Inc., a leading global IT solutions organization with U.S. headquarters in Atlanta, announced its partnership with Kaavo Inc., a leader in application management for cloud computing today. The partnership will provide secure cloud infrastructure management services to all of Coforge' current and future clients.

While enterprises want to take advantage of the benefits of on-demand infrastructure offered by cloud computing, they have questions concerning security, control and reliability of infrastructure and applications deployed in the cloud.

"By combining Coforge' ITIL based

Coforge Limited, a leading global IT solutions organisation announced its partnership with Hitachi Information Systems, Ltd. a leading provider of IT infrastructure services in Japan, to offer services in Cloud Computing.   

Cloud Computing is an emerging megatrend which is standardized IT capability delivered via the Internet in a pay-per-use and self-service manner. Coforge pursuing its non-linear services model of business is an early entrant in this space. Through this partnership Coforge and Hitachi Information Systems will provide unmatched value based on the strengths of both

As consumer confidence returns retailers in the UK are increasing their investment and focus in e-commerce services to attract the growing amount of customers who choose to shop online.

Innovative development of new e-commerce technology holds the key for UK companies seeking to maintain and expand their presence in the ferociously competitive online retail market. Coforge, a global technology provider, is leading the charge in the provision of innovative e-commerce solutions which are turning ‘browsers into buyers’.

“In the UK some £3.7 billion is lost in sales to shopping cart

Consolidated Revenues at Rs. ­­­­­226.3 Crores, up 4% QoQ
Operating Profit at Rs. 45.8 Crores, up 16% QoQ
Operating Margins at 20 %, up 255 bps QoQ
Profit After Tax at Rs. 32.1 Crores, up 82% QoQ
Board grants options under ESOP
Coforge Limited, a leading global IT solutions organization, announced its consolidated second quarter results for the quarter ended September 30, 2009, posting consolidated revenues of Rs. 226.3 Crores representing a sequential growth of 4%.  

Operating Profit for the quarter was Rs. 45.8 Crores and PAT Rs. 32.1 Crores.  

“In the period to the run up to

Coforge GIS Limited has been in the forefront of Geographic Information Systems (GIS) in India. The company offers a wide range of GIS Solutions based on ESRI Technology worldwide to help governments and public undertakings leverage GIS in order to make more informed management decisions and provide enhanced service to its constituents.

Dr Mukund Rao, President and Chief Operating Officer, Coforge GIS Ltd. has been honored with National Geo-Spatial Excellence Award by Indian Society of Remote Sensing (ISRS). The award was presented by Dr. Shailesh Nayak, Secretary, Ministry of Earth

Coforge, a leading global IT solutions provider, has been chosen by Yorkshire Building Society, the UK’s second largest society, to develop its Share Plan website.

The new website will enable the Society to compete in the Share Plan market more effectively and develop new sales opportunities, particularly with large organisations. Coforge’ development of Yorkshire Building Society’s online presence will cement the Society’s position as a market leader in Share Plan administration.

The new web-based functionality will also incorporate international capabilities, which will help the

Ranked No.1 in the Datamonitor Black Book of Outsourcing 2009 Survey

Coforge Ltd., the global IT services provider headquartered in New Delhi, has been ranked No. 1 in the prestigious Black Book of Outsourcing, a Datamonitor company’s 2009 Travel Industry survey.

The 2009 Travel Industry survey investigates over 240 contracts held by 1320 of the top airlines, travel agencies, airports, hotel chains, cargo companies and other travel corporations globally. Last year too, Coforge had received the top honors in the 2008 Travel Industry Survey.

"We are extremely pleased with our

Dr K Kasturirangan, Member (Science), Planning Commission was honoured for “Making a Difference” by the global GIS community for his significant contribution in the field of Remote Sensing and GIS at the recently concluded 2009 ESRI International User Conference, held during July 13-17 at the San Diego Convention Center in California, USA.

Dr. K.Kasturirangan has made far-reaching contributions to the global community of Remote Sensing and Geographic Information System (GIS). Dr. Kasturirangan has been the key person to have taken IRS images to the world and also in making the use of images

Consolidated Revenues at Rs. 218.2 Crores
Operating Profit at Rs 39.4 Crores
Operating Margins at 18 %
Loss in other income of Rs. 8.8 Crores primarily on account of redesignation of hedges
Profit After Tax at Rs. 17.6 Crores
Coforge Limited, a leading IT solutions organization, announced its consolidated first quarter results for the quarter ended June 30, 2009, showing consolidated revenues of Rs 218.2 Crores, down 4% over the previous quarter.

Operating Profit for this quarter was Rs. 39.4 Crores. Operating Margins improved by 26bps sequentially during this quarter at 18%.

Coforge Ltd, a global IT services provider with U.S. headquarters in Atlanta, announced today  that the International Association of Outsourcing Professionals (IAOP) has named Coforge to The 2009 Global Outsourcing 100™, placing  it in the  Top 5 Companies  in Air Transportation outsourcing, among the Top 20  in four different industry vertical and an overall #33.
The Global Outsourcing 100 recognizes the world’s best outsourcing service providers that demonstrate the highest levels of ability and achievement throughout the industry. The ranking is based on a set of measurable criteria

Consolidated Revenues at Rs. 979.9 Crores, up 4% YoY
Revenue loss on account of crystallization of effective hedges Rs. 54.2 Crores
Operating Profit at Rs.176.4 Crores, preserved YoY
Profit After Tax at Rs. 114.8 Crores, down 15% YoY
Board recommends dividend of 65%
Coforge Limited, a leading IT solutions organization, announced its annual results for the year ended March 31, 2009, showing consolidated revenues of Rs.979.9 Crores, up 4% YoY from Rs. 941.5 Crores recorded last year. The company's hedge accounting policy based on Recognition & Measurement Principles' as enumerated per

Oscar Favourite Slumdog Millionaire Inspired by Coforge's Hole in the Wall Initiative

Atlanta: After having bagged 4 Golden Globe Awards and 7 BAFTA recognitions, Slumdog Millionaire, is pitted as a hot favourite to win the Oscars on February22, 2009 with 10 Academy Award nominations under its belt.

The movie based on the book `Q&A`, written by Vikas Swarup is originally inspired by India`s Hole-in-the-Wall Education Ltd (HiWEL) initiative.

Based on the principle of Minimally Invasive Education technology, HiWEL encourages learning through self exploration, by providing children in the slums unsupervised access to computers with internet connection. Comprising of