Coforge's latest news

Coforge has announced its Q1 FY26 financial results, revealing a substantial increase in its Profit After Tax (PAT) by 138.4% year-on-year to ₹317 crore. The company's consolidated revenue also saw a significant rise, reaching ₹3,689 crore, marking a 56.5% growth in INR terms compared to the same period last year. During the quarter, Coforge secured new orders totaling $507 million, contributing to a healthy executable order book of $1.55 billion for the next 12 months, which is up 46.9% year-on-year. The company signed five large deals across North America, the UK, and APAC regions, and added six new client logos. Coforge's focus on Artificial Intelligence was a key highlight, with CEO Sudhir Singh emphasizing AI as "business-critical infrastructure." The company launched "Forge-X," an AI-powered delivery platform, and "AgentSphere," a library of over 100 foundational AI agents, demonstrating its commitment to AI-driven solutions. The company's global headcount increased to 34,187, with a net addition of 1,164 professionals in Q1. Coforge also maintained a low attrition rate of 11.3%, which it noted as one of the best in the IT services industry. The Board of Directors declared an interim dividend of ₹4 per share for FY2025-26, with July 31, 2025, designated as the record date for determining shareholder eligibility. Despite the strong financial and operational performance, Coforge's share price experienced a significant decline of around 9% on July 24, 2025. This occurred even as the company delivered robust numbers for the quarter. In other recent news, Coforge appointed MUFG Intime India Private Limited as its new Registrar and Share Transfer Agent, effective November 15, to enhance shareholder services. The company also agreed to acquire Artexmind S.A. for approximately $10,000 to establish operations in a new geographic market.