Coforge Ltd

The company, for Q2FY13, posted a 6.5% (QoQ) rise in revenue at Rs.500.10 crore and its operating profit rose 13% at Rs.85 crore.  On a YoY, revenue showed a rise of 35%, operating profit rose 54.2% but net profit fell 5.8% at Rs.43.10 crore.   Sequentially, net profit dropped 27%. The company has stated that loss in other income due to the appreciating rupee at the end of the quarter resulted in a decline in net profit.  During the quarter it had order intake to the tune of $93 million and it added three new clients.  173 employees were added, taking the total headcount to 7617.

In terms of geographical break-up of revenue, US contributed 38% to the topline, EMEA contributed the largest share at 39% and that from APAC and India was at 23%. In terms of industry segments, the major earner was travel and transport which contributed 42%, BFSI 33%  and manufacturing/distribution contributed 6%.  The company has a good pipeline but uncertainty in USA and more so rupeev/s US$  could create a sense of unpredictability in the numbers.  Yet, the company maintains its growth for the current fiscal will surpass that of 11-14% growth predicted  by NASSCOM.