Press Release

Coforge delivers outstanding performance in Q1FY26 with a 9.6% QoQ $ revenue growth

Written by Admin | Jul 24, 2025 12:15:00 AM
  • Q1FY26 EBITDA margin at 17.5%; expands 61bps QoQ
  • $507 Mn TCV order intake during the quarter
  • Order Executable at $1.55 Bn, up 46.9% YoY
  • Continued momentum on large deal closure with 5 large deals signed during the quarter

New Delhi and Princeton, New Jersey, July 24, 2025: Coforge Limited (NSE: COFORGE), a leading global IT solutions and services organization, today announced its financial results for the quarter ended June 30, 2025

Key Financial Highlights

  • Revenue: INR 3,689 crore / US$ 442 million
    • Up 9.6% QoQ in USD terms, 8.2% in INR terms, 8.0% in CC terms
    • Up 54.5% YoY in USD terms, 56.5% in INR terms, 51.5% in CC terms
  • EBITDA: US$ 77.3 Mn, up 13.6% QoQ and 50.1% YoY in US$ terms
  • EBITDA margin at 17.5%, up 61 bps QoQ
  • PAT: INR 317 crores, up 21.5% on a QoQ basis and 138.4% on a YoY basis
  • The Board has recommended an interim dividend of INR 4/- per share, and the record date for this payout will be 31st July, 2025
“The 9.6% sequential dollar growth in Q1, a next twelve-month signed order book which is 46% higher YoY, a very robust large deal pipeline and a pathway to 14% EBIT in FY’26, are all pointers to what we believe will be an exceptional fiscal’26. We remain committed to sustaining an execution intensity that is uniquely our own and to turning in the ninth consecutive year of sustained and robust growth. Our industry is pivoting and AI is the biggest transformation lever of our times. Coforge is leading from the front with our Quasar AI Marketplace, AgentSphere library, and real-world deployments, executing at scale and making impact across sectors where we have hyperspecialization. From legacy modernization to autonomous operations, Coforge continues to turn AI into business-critical infrastructure.” said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge Ltd.

Key Business Highlights

  • Order Intake: US$ 507 Mn for the Quarter
  • Executable Order Book over next twelve months at $1.55 billion, a 46.9% YoY increase
  • Large Deal Momentum: 5 large deals signed this quarter across North America, UK, and APAC
  • Headcount: stood at 34,187; net addition of 1,164 sequentially
  • Attrition Rate: Maintained at 11.3%, among the lowest in the industry
  • Launched Coforge AgentSphere platform with over 100 foundational agents based on specific industry pain-points that can be deployed across Travel, Financial Services and Healthcare
  • Launched Forge-X, an AI-powered delivery platform, currently being deployed across client portfolios to accelerate and streamline application development and modernization programs

Recognitions

  • Avasant positioned Coforge as a ‘Leader’ in their Airlines and Airports Digital Services 2025 RadarView.
  • ISG positioned Coforge as a ‘Leader’ in their Provider Lens report for Duck Creek Services Ecosystem 2025
  • Nelson Hall NEAT for ServiceNow Services recognized Coforge as a ‘Leader’ across three market segments: Overall, Creator Workflow Services, and Customer & Industry Workflow Services
  • ISG positioned Coforge as a ‘Rising Star’ and ‘Product Challenger’ in Consulting & Implementation Services (US) and ServiceNow Managed Services (AP&J) in their Provider Len report on ServiceNow Ecosystems Partners 2025
  • ISG positioned Coforge as a ‘Rising Star’ and as a ‘Product Challenger’ in area such as Managed & Support Services, Consulting & Advisory Services and Implementation Services for US & UK regions in their Provider lens report on Snowflake Ecosystem Partners 2025
  • HFS recognized and positioned Coforge as a ‘Enterprise Innovator’ in their Horizon report for Intelligent Retail & CPG Ecosystems, 2025

Partnerships

  • Coforge partnered with Zscaler to deliver Secure Access 360 via the Microsoft Azure Marketplace – offering zero trust access for internet, SaaS, and private apps, with advanced security features including AI-driver threat protection.
  • Coforge achieved Microsoft Solution Partner status across all six designations
  • Coforge launched DisputeXcelerate as a prepackaged solution for efficient dispute management based on ServiceNow FSO platform

Awards

  • Coforge was recognized by ET Edge for championing green business practices and received the “Sustainable Organization 2025” award
  • Coforge won the Silver award for “Best Corporate Learning University” at the ET HR World Future Skills Awards 2025
  • Coforge was awarded the “Breakthrough Partner of the Year” Award by Creatio

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

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