Coforge Revenue Rises 54% as AI Engineering and Deal Bookings Gain Momentum
Coforge, an Indian IT services company, posted strong financial results in Q2 FY27 with consolidated revenue climbing 53.6% annually to ₹6,170.8 crore, supported by Encora's complete quarterly contribution and AI-focused engineering services. The company signed its highest single-quarter deal count of eight large deals, with order intake reaching $1.04 billion and a 12-month executable order book of $2.38 billion. Coforge raised its FY27 EBIT margin guidance to 16% and is targeting 17% for FY28. The company also received board approval to establish Momentuum Blue in the US to develop Forward Deployed Engineers working directly with clients on technology adaptation.
Key points
- Revenue grew 53.6% YoY to ₹6,170.8 crore; EBITDA up 67.3% with 20.6% margin
- Signed eight large deals (highest single-quarter count); $1.04B order intake
- Established Momentuum Blue in US for Forward Deployed Engineers
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