Skip to main content

Coforge says AI is expanding its margins. Its rivals call it ‘AI deflation’


Coforge reported first quarter revenue of $592.2m on Monday. That is a rise of 33% in dollar terms over the year, and 21.1% on the previous quarter. In rupees the annual increase reads 49%. Profit after tax reached $55.6m. Those numbers land in an industry bracing to shrink. HCL Technologies has warned of “AI deflation”. […]



This story continues at The Next Web https://ift.tt/K2LPFyl
Read full article: The Next Web
Labels:

Comments

Post a Comment

What's new?

Popular posts from this blog

Lucid Motors replaces its CFO and overhauls its entire leadership team as new CEO reshapes the company

Lucid Motors said on Thursday that its chief financial officer, Taoufiq Boussaid, will be leaving the company, the latest in a series of leadership changes under new CEO Silvio Napoli. Alexander De Bock, a veteran automotive finance executive who previously served as CFO of TI Automotive, will replace Boussaid after a transition period that will […] This story continues at The Next Web https://ift.tt/ivLHVb6 Read full article: The Next Web
Post a Comment
Read more