Investing.com - Coforge reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Coforge announced earnings per share of ₹32.38 on revenue of ₹19.59. Analysts polled by Investing.com anticipated EPS of ₹30.94 on revenue of ₹19.66B.
Coforge shares are up 14% from the beginning of the year , still down 37.15% from its 52 week high of ₹6,135.00 set on Tuesday, January 4, 2022.
Coforge follows other major Information Technology sector earnings this month
Coforge's report follows an earnings beat by Tata Consultancy on Monday, October 10, 2022, who reported EPS of ₹28.5 on revenue of ₹553.09B, compared to forecasts EPS of ₹28.46 on revenue of ₹550.82B.
Infosys had beat expectations on Thursday, October 13, 2022 with second quarter EPS of ₹14.34 on revenue of ₹365.4B, compared to forecast for EPS of ₹14.2 on revenue of ₹365.67B.
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