COFORGE — THE AI-LED IT GROWTH STORY IS GETTING BIGGER 🤖🚀

AI isn't just changing how software is built. It's changing how entire enterprises operate. And Coforge is positioning itself on that transition. Coforge has built a strong presence in digital engineering, cloud, data, AI and industry-specific technology services, with particular strength in sectors such as banking, insurance, travel and healthcare. And the growth numbers are getting serious. In Q1 FY27, revenue jumped 49% YoY to ₹5,528 crore, while EBITDA increased 74% to ₹1,123 crore. EBIT margin expanded to 16%, and PAT surged 110% to ₹519 crore. But the most important number may be sitting in the order book. Coforge's next-12-month executable order book reached $2.23 billion, up 44% YoY and 27% QoQ. That's visibility. Strong order book → Revenue visibility → Better utilisation → Operating leverage → Higher earnings. And then comes AI. Management says 86% of Q1 revenue came from AI-led engineering, data and cloud services, showing how deeply AI is already embedded in the company's service portfolio. The strategy is moving beyond simply helping clients "use AI." It's about building AI-powered enterprise operations. Cloud foundation → Enterprise data → AI agents → Automation → Autonomous workflows. That could create a much larger technology-spending opportunity than traditional application outsourcing. The Encora acquisition also expands Coforge's capabilities and scale in data, cloud and AI-led engineering, while management says the integration is now operationally complete. And margins are becoming another growth lever. FY26 revenue grew 29.2% in constant currency, while EBITDA increased 68.2% in USD terms. EBIT margin expanded by 370 bps to 14.4%. The company entered FY27 targeting EBITDA margin above 20.5%. That's the real combination investors should watch: Fast growth + margin expansion + large deal wins. Coforge doesn't need to become the largest IT company in India.