Coforge, The multinational IT staffing firm based out of Noida, India, and New Jersey, USA, has finally received its financial results for its performance in the Q1 FY'22, which ended on June 30.
The company's results have shown some big numbers of growth and excellent financial and operational activity, which helped generate good revenue, better margins, and multiple deals that did the trick for this quarter. Also, a special contribution of 2 months from the SLK Global acquisition, that closed on April 30, 2021.
The quick highlights of this Financial result for Q1 FY'21 are Revenues for the quarter were $ 199.7 million and Rs 14,616 Million, with 42.8% growth in terms of USD and 38.3% in rupee year on year. The revenue on an organic basis also shot up to $ 185.1 million and Rs 13,546 Million with 32.3% in dollar terms and 28.2% in rupee terms, year-on-year.
The EBITDA margin (before ESOPs and acquisition-related costs) for the quarter under review on a consolidated basis was 16.1% which changed the hikes and other costs which were effective from April 1, including visa costs and impact of transition in some of the material deals signed over the last six months. PAT for the quarter, on a consolidated basis, increased 60.0% in dollar terms to $ 16.9 mn and 54.7% in rupee terms to Rs 1,236 mn, year-on-year.