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 and are trading at ₹3,856.10 , down-from-52-week-high.
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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