New Delhi, March 10 -- Coforge Ltd's recent announcement of its largest-ever contract with Sabre Corp brought cheers to shareholders, but at least three analysts have raised concerns about the Texas-based travel technology company's ability to see through the deal and make timely payments due to its weak financial health.
The country's seventh-largest software services provider announced a 13-year contract with Sabre late last Tuesday, valued at $1.56 billion. This translates into $120 million revenue a year for Coforge. This is the largest deal signed by any mid-cap software services provider in the country.
While investors' enthusiasm resulted in Coforge's stock jumping 8% on Wednesday to close at Rs.7,811, doubts persist on Sabre's a...
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