Singh says his group aims to be amongst top three scaled IT services firms
Coforge Limited (NSE: COFORGE), a global AI-native engineering services leader, has signed 8 large deals across North America, Europe and Australia during the quarter ended 30 Sept.
It also reported an order intake of US$1.04 billion (in total contract value) for the quarter ended 30 Sept 2026, saying its order book over the next 12 months rose 45 per cent y-o-y to US$2.38 billion.
Key Financial Highlights:
Revenue: Rs.61,708 million / US$652.2 million – up 53.6% YoY in INR terms, 40.1% in USD terms;
EBITDA: Rs.12,697 million / US$134 million – up 67.3% YoY in INR terms, up 52.6% in USD terms;
EBIT: Rs.9,847 million / US$104 million – up 67.8% YoY in INR terms, up 53% in USD terms;
PAT: Rs.5,881 million / US$62 million – up 56.5% YoY in INR terms, up 42.7% in USD terms.
“The 10.1% sequential growth and 40.1% YoY growth in US dollar terms, a 3.8% sequential organic cc growth, a next twelve month signed order book of US$2.38 billion, an order intake of over US$1 billion and eight large deals, the most the firm has ever signed in a single quarter, have put us firmly on course to be the industry growth leader for the third year running,” said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge Ltd.
“We are raising our FY27 EBIT margin guidance from 15.5% to 16%. We expect to further improve our EBIT margin to 17% next year; and will be targeting to be amongst top three scaled IT services firms on margins while maintaining our growth momentum,” he said on 23 Oct.
Key Business Highlights:
Launched Momentuum blue, a specialized Forward Deployed Engineers (FDE) operating unit that works within client teams to own the business outcomes and transform enterprise knowledge and context into production systems that deliver measurable value with speed;
Expanded Kraków Engineering Centre in Poland as a strategic AI engineering and nearshore delivery hub serving clients across Europe and globally;
Introduced CXNova, an agentic customer experience (CX) orchestration platform designed to help enterprises deliver personalization, engagement, and continuous optimization across critical customer touchpoints.
Coforge is an AI-native engineering services leader, where AI is the very foundation of how we design, build, and deliver intelligent solutions for our clients. Fiinews.com
