New Delhi-based IT services firm Coforge has kicked off FY26 with a remarkable performance, posting a 56.5% year-on-year revenue increase to ₹3,689 crore ($442 million) in Q1. Profit after tax surged 138.4% to ₹317 crore, accompanied by a robust sequential dollar growth of 9.6%, underscoring strong market demand and effective execution capabilities.
CEO and Executive Director Sudhir Singh expressed optimism about the company’s outlook, stating, “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.” He emphasized the pivotal role of AI, describing it as the “biggest transformation lever,” while reaffirming Coforge’s commitment to distinctive execution rigor and steady performance.
During the quarter, Coforge secured five major deals across North America, the UK, and APAC, reflecting its expanding global footprint. The company also made significant technological advances with the launch of AgentSphere, a platform featuring over 100 foundational AI agents designed for sectors including travel, financial services, and healthcare. Additionally, Coforge unveiled Forge-X, an AI-powered delivery platform aimed at modernizing large-scale application development.
The company’s workforce grew to 34,187 employees, with a net addition of 1,164 staff members and an attrition rate steady at 11.3%. Building on its strong Q4 FY25 performance, Coforge continues to place artificial intelligence at the core of its growth strategy, positioning itself as a leading player in next-generation IT services.
With strong order books, new AI-driven products, and expanding global reach, Coforge is poised to deliver sustained growth and innovation throughout FY26.
