Coforge gains 2%, hits record high on Rs 19 per share interim dividend

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Coforge gains 2%, hits record high on Rs 19 per share interim dividend - Business Standard

Quick Summary:

The company has fixed October 11, as the record date to ascertain the eligibility of shareholders for the payment of the second interim dividend.

The company had also signed its largest ever deal from one of its top BFS customers, with a total contract value (TCV) of $400 million, in Q4FY24; this has ensured revenue visibility in an environment of revenue slippages seen for the sector.

It is engaged in Application Development and Maintenance, Managed Services, Cloud Computing and Business Process Outsourcing for organisations in a number of sectors, inlcluding financial services, insurance, travel, transportation and logistics, manufacturing and distribution and government.