“They enhance decision-making with data-driven insights, elevate customer interactions, streamline operations, and accelerate digital transformation efforts. This collaboration between Coforge and Microsoft empowers enterprises to embrace AI’s potential for growth and efficiency across various aspects of their operations,” Coforge said in a statement.
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Noida-based Coforge (formerly NIIT Technologies) also offers Gen AI solutions on the Azure Marketplace. As part of the collaboration, Coforge will be rolling out specialised workshops, training sessions, and resources to help enterprises understand the benefits of generative AI and successfully implement it in their operations, the company further said.
The latest announcement follows Coforge’s recent launch of its Gen AI platform Coforge Quasar designed to build enterprise AI capabilities. It comes pre-loaded with a comprehensive set of APIs readily available for integration. Coforge also recently launched Quasar Responsible AI- a comprehensive solution with an aim to make AI-based offerings ethical, fair, transparent and regulatory compliant.
“Coforge’s collaboration with Microsoft to develop generative AI solutions marks a significant milestone in our journey to transform enterprise possibilities. Benefitting from Microsoft Azure OpenAI Service, we are committed to delivering innovative solutions that empower businesses to embrace AI-driven transformation,” said Vic Gupta, executive vice president, Microsoft business unit, Coforge.
In the second quarter ending September 2023, the company reported a 10% drop in consolidated net profit at Rs 181 crore as compared to Rs 201 crore in Q2 FY23. Meanwhile, its total revenue rose 16% to Rs 2,276 crore, up from Rs 1,959 crore in the year-ago period. On a sequential basis, the net profit remained muted increasing by about 2.5% while revenue growth was at 9.6%.
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