Indian IT firm Coforge's profit misses expectations on higher costs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2025
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Source: Reuters
Coforge's Financial Performance: Coforge reported a 16.8% increase in net profit to 2.61 billion rupees for Q4, but this fell short of analyst expectations due to a significant rise in expenses related to acquisitions and mergers.
Industry Context: The IT services sector is facing challenges from global economic uncertainty affecting client spending, with larger firms like TCS and Infosys anticipating a tough year ahead, contrasting with Mphasis which exceeded profit expectations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
