COFORGE LTDLong
Is it time for COFORGE to SURGE ?
Updated
Company has delivered good profit growth of 21.3% CAGR over last 5 years.
Company has been maintaining a healthy dividend payout of 40.5%
Company's working capital requirements have reduced from 29.2 days to 15.2 days.
DII bought more stake from FII and promoters. DII holding increased 5% last quarter.
Co. has an order book of US$ 720 Mn.
Coforge is an IT services company providing end-to-end software solutions and services.
It is among the top-20 Indian software exporters. Prominent global customers include British Airways, the ING group, SEI Investments, Sabre, and SITA. Over the years, Coforge has set up subsidiaries in the US, Singapore, Australia, UK, Germany and Thailand, mainly to market and mobilize projects for the software division. The company has business partnerships with large IT companies across the world.
Products & Services
The Co provides AI-based digital business assistants, deep learning, machine learning, multi-currency, multi-lingual, multi-channel experience, image recognition, RPA, NLP, and workflow automation.
During FY22, Coforge signed 11 large deals across our focus verticals and breadth of capabilities resulting in a total fresh order intake of $1.1 billion. This included a $105 million TCV contract in the BFS space and three $50 million plus contracts. Additionally, the company has made a few acquisitions in the recent past to increase revenue and enhance geographical and customer presence.
Moreover, Coforge became an AWS Travel and Hospitality Competency Partner and also announced a global partnership with Kong – a Gartner 2021 leader in Full Lifecycle API management. The firm also announced the extension of its partnership with Cisco AppDynamics, the leading full-stack, business-centric observability platform.
Company has been maintaining a healthy dividend payout of 40.5%
Company's working capital requirements have reduced from 29.2 days to 15.2 days.
DII bought more stake from FII and promoters. DII holding increased 5% last quarter.
Co. has an order book of US$ 720 Mn.
Coforge is an IT services company providing end-to-end software solutions and services.
It is among the top-20 Indian software exporters. Prominent global customers include British Airways, the ING group, SEI Investments, Sabre, and SITA. Over the years, Coforge has set up subsidiaries in the US, Singapore, Australia, UK, Germany and Thailand, mainly to market and mobilize projects for the software division. The company has business partnerships with large IT companies across the world.
Products & Services
The Co provides AI-based digital business assistants, deep learning, machine learning, multi-currency, multi-lingual, multi-channel experience, image recognition, RPA, NLP, and workflow automation.
During FY22, Coforge signed 11 large deals across our focus verticals and breadth of capabilities resulting in a total fresh order intake of $1.1 billion. This included a $105 million TCV contract in the BFS space and three $50 million plus contracts. Additionally, the company has made a few acquisitions in the recent past to increase revenue and enhance geographical and customer presence.
Moreover, Coforge became an AWS Travel and Hospitality Competency Partner and also announced a global partnership with Kong – a Gartner 2021 leader in Full Lifecycle API management. The firm also announced the extension of its partnership with Cisco AppDynamics, the leading full-stack, business-centric observability platform.
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Target 1 Achieved - 11%
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Treat StopLoss as your best friend to get you out of troubles.
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