Coforge closes an exceptional FY25 with 32.0% CC growth

• EBITDA up 31.7% for the year in INR terms
• Record large deal closure in Q4 with 5 large deals signed during the quarter
• $1.56 Bn TCV deal signed during the quarter
• Q4 revenue surges 47.1% YoY
• Order Executable at $1.5 Bn, up 47.7% YoY

New Delhi and Princeton, New Jersey, May 5, 2025: Coforge Limited(NSE: COFORGE), a leading global IT solutions and services organization, today announced its financial results for the quarter and year ended March 31, 2025

Note: All financial figures referenced below are on the basis of continuing operations which is excluding the AdvantageGo business that has been divested in April 2025.

FY25 - Key Financial Highlights

• Revenue: INR 12,050.7 crore / US$ 1.45 Bn: Up 32.0% YoY in CC terms, 31.5% YoY in USD terms, 33.8% YoY in INR terms
• EBITDA: INR 1,998.2 crore, up 31.7% YoY

Q4 FY25 - Key Financial Highlights

• Revenue: INR 3,409.9 crore / US$ 403.5 million
  • Up 3.4% QoQ in CC terms, 3.3% in USD terms, 4.7% in INR terms
  • Up 43.8% YoY in CC terms, 43.6% in USD terms, 47.1% in INR terms
• EBITDA: US$ 68 million, up 12.2% QoQ and 32.7% YoY in US$ terms; EBITDA margin at 16.9%, up 134 bps QoQ
• The Board has recommended an interim dividend of INR 19/- per share, and the record date for this payout will be 12 May, 2025

“FY25 was an exceptional year where the firm grew 32.0% in CC terms —driven by 14 large deals and broad-based growth in all of our verticals and geo-based businesses. Our ability to deliver this very strong performance in an uncertain macro environment demonstrates the strength of our client relationships, the commitment and competence of our team members, and an execution discipline which is uniquely ours. The $1.56 Bn TCV deal signed in Q4, a 47.7% YoY increase in the order executable book for next twelve months, and a growing large deals pipeline positions us well for strong growth in FY26.” said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge Ltd.

Q4 FY25 - Key Business Highlights

• Order Intake: US$2.1 Bn for the Quarter
• Executable Order Book over next twelve months: at $1.5 billion, a 47.7% YoY increase and a 10.3% QoQ increase
• Large Deal Momentum: 5 large deals signed this quarter across North America, UK, and APAC
• Headcount: stood at 33, 497; net addition of 403 sequentially. Headcount has increased 35.5% since the beginning of the year
• Attrition Rate: Maintained at 10.9%, improved by 60 bps YoY and among the lowest in the industry
• Launched a GenAI Center of Excellence in collaboration with ServiceNow to develop Agentic AI solutions for financial services and travel industries

Recognitions

• NelsonHall recognized Coforge as a Leader within the IT Infrastructure Transformation: Cognitive & Self-Healing NEAT in 3 market segments - Overall, AI Capabilities, Server-Centric Services Capability.
• Everest recognized Coforge as a Leader in BFS in Everest Group's Banking, Financial Services, and Insurance (BFSI) IT Services Specialists PEAK Matrix® Assessment 2025
• Everest recognized Coforge as a Leader in Insurance in Everest Group's Banking, Financial Services, and Insurance (BFSI) IT Services Specialists PEAK Matrix® Assessment 2025
• ISG recognized Coforge as a Leader in the ISG Provider Lens™ Quadrant study on 'Salesforce Ecosystem Partners 2025’ for Implementation Services for Core Clouds and AI Agents — Midmarket quadrant in the US and UK regions, and in Managed Application Services – Midmarket quadrant in the US region
• ISG recognized Coforge as a Product Challenger in GCC Design & Setup and Optimization & Enhancement quadrants in the ISG Provider Lens™ Global Capability Center (GCC) Services 2025

Partnerships

• Coforge achieved Pega Global Elite Partner status for 2025 for the second year in a row. This prestigious recognition underscores our exceptional capabilities in delivering Pega-led solutions.
• Coforge launched a GenAI Center of Excellence in collaboration with ServiceNow to develop Agentic AI solutions for financial services and travel industries. The CoE will serve as the foundation for Coforge to accelerate clients’ journey with ServiceNow platform, especially in the areas of payment, fraud detection, dispute management and digital operations resiliency

Awards

• Coforge was recognized by ET Now as one of the ‘Best Organizations for Women 2025’ for demonstrating excellence in fostering a workplace culture that empowers women and promotes gender equality
• Coforge successfully achieved the ISO/IEC 27701 certification from The British Standards Institution (BSI)

About Coforge

Coforge is a global digital services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients.

A focus on select industries, a deep domain understanding of the underlying processes of those industries and partnerships with leading technology platforms, enables Coforge to be a trusted partner of its clients in their transformation initiatives. Coforge leads with its Product Engineering approach and leverages AI, Cloud, Data, Integration and Automation technologies to transform businesses into intelligent, high growth enterprises. Coforge has 30 global delivery centers and is present in 23 countries.

Contact Information

• Investor Relations: investors@coforge.com
• Media Relations: Santanu.B@coforge.com

For more information, visit www.coforge.com

Forward Looking Statements Safe Harbor

This presentation contains forward-looking statements. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Among other things, the outlook for the full fiscal year 2025, the business outlook and quotations from management in this announcement, as well as Coforge’s strategic and operational plans, contain forward-looking statements. Coforge may also make written or oral forward-looking statements in its periodic reports to regulators, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Coforge’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the performance of the Coforge's clients; the successful implementation of its business strategy; its ability to compete effectively; its ability to maintain its pricing, control costs or continue to grow its business; the effects of the novel coronavirus (COVID-19) on its business; the continued service of certain of its key employees and management; its ability to attract and retain enough highly trained employees; and its involvement in any disputes, legal, regulatory, and other proceedings arising out of its business operations. All information provided in this presentation is as of the date of this presentation, and Coforge undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Disclaimer

This communication and the information contained herein is not an offer to sell securities in the United States or elsewhere. The securities of Coforge or any of its subsidiaries and affiliates may not be offered or sold in the United States or to, or for the account or benefit of U.S. person (as such term in defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”)) absent registration pursuant to the Securities Act, or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the issuer and management, as well as financial statements. A Registration Statement on Form F-1 relating to certain securities of Coforge has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. The Form F-1 Registration Statement and all subsequent amendments may be accessed through the SEC’s website at www.sec.gov. Such securities not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective under the Securities Act. Nothing in this communication shall constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such offer or sale would be unlawful.