Noida, October 23, 2024, Wednesday: Coforge Limited, a leading global IT solutions organization, today announced its financial results for the quarter ended September 30, 2024 (Q2FY25).

Q2FY25 – Financial Highlights

Revenue for the quarter was INR 30,623 million / US$ 369.4 million
o Up 26.3% Q-o-Q and 33.0% Y-o-Y in constant currency (CC) terms

o Up 26.8% Q-o-Q and 32.8% Y-o-Y in USD terms

o Up 27.5% Q-o-Q and 34.5% Y-o-Y in INR terms

EBITDA margin for the quarter stood at 15.8%, up 53 bps on a YoY basis
Adjusted PAT (Excl Minority) at INR 2,552 million, up 35.6% on a YoY basis
Cash Flow from Operations for the quarter stood at $ 10.9 million
· The Board has recommended an interim dividend of INR 19/- per share, and the record date for this payout will be October 11, 2024

Q2FY25 – Business Highlights

· Order intake at US$ 516 million – eleventh consecutive quarter of US$ 300+ million order intake.

· 13 new clients were added during the quarter.

· Headcount at the end of the quarter stood at 32,483; net addition of 5,871 sequentially, including 4,430 headcount from Cigniti.

· LTM attrition including Cigniti is 11.7%, down 130 bps YoY.

“Q2FY25 has been an exceptional quarter for the firm. A 27 percent sequential dollar growth with the organic business having grown 6.3 percent sequentially, a concurrent and very material expansion in EBITDA in H1, the second consecutive quarter of significant net headcount addition, a large deals pipeline that is looking very robust and an ever strengthening next twelve month signed order book which now is 40 percent higher YoY gives us confidence that the quarter and quarters to come shall see robust and sustained growth. The growth and the margin expansion at Cigniti are a preview of sustained growth and further increases in margin to follow. We have operationally fully integrated the Cigniti team and the synergies have exceeded even our expectations” said Mr. Sudhir Singh, CEO and Executive Director, Coforge Ltd.