Coforge Limited , a global IT solutions provider, has announced its financial results for the first quarter of fiscal year 2026, showcasing robust growth and strategic developments.

Financial Highlights

Coforge delivered an outstanding performance in Q1 FY26, with significant growth across key financial metrics:

The company's revenue grew by 9.6% quarter-on-quarter (QoQ) in USD terms, reaching $442.40 million. This represents a substantial 54.5% year-on-year (YoY) increase. In constant currency terms, the QoQ growth stood at 8.0%.

EBITDA for the quarter was $77.30 million, up 13.6% QoQ and 50.1% YoY. The EBITDA margin improved to 17.5%, an increase of 61 basis points QoQ.

Profit After Tax (PAT) saw a significant jump, reaching $38.10 million, up 24.5% QoQ and 84.6% YoY.

Business Performance

Coforge demonstrated strong business momentum in Q1 FY26:

• Order intake for the quarter was $507 million.
• The company signed five large deals across North America, UK, and APAC regions.
• The order book executable over the next 12 months stood at $1.55 billion, representing a 46.9% YoY increase.
• Coforge added six new clients during the quarter.

Sectoral Performance

The company reported growth across various sectors:

• Travel, Transportation, and Hospitality (TTH) showed the highest growth at 31.2% QoQ and 92.2% YoY.
• The Banking and Financial Services (BFS) sector, despite a slight QoQ decline of 1.1%, grew by 32.2% YoY.
• The Insurance sector grew by 1.0% QoQ and 19.9% YoY.

Operational Metrics

Coforge maintained strong operational metrics:

• The global headcount reached 34,187, with a net addition of 1,164 employees during the quarter.
• The attrition rate remained low at 11.3%, among the lowest in the industry.

Strategic Developments

The company announced several strategic initiatives:

1. Interim Dividend: The Board of Directors declared an interim dividend of ₹4 per equity share for FY 2025-26.

2. New RTA Appointment: Coforge will appoint MUFG Intime India Private Limited as its new Registrar and Share Transfer Agent, effective November 15, 2025.

3. Acquisition: The company has agreed to acquire Artexmind S.A., a shelf company, for approximately $10,000 through its subsidiary, Coforge Solutions Private Limited. This acquisition aims to facilitate operations in a new geography.

Management Commentary

Sudhir Singh, Chief Executive Officer and Executive Director of Coforge Ltd., expressed confidence in the company's performance and future prospects. He highlighted the company's focus on AI-driven solutions, stating, "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 hyper-specialization."

The strong Q1 FY26 results and strategic initiatives position Coforge for continued growth in the evolving IT services landscape, with a particular emphasis on AI-driven solutions and expansion into new markets.

Coforge Limited , a leading global IT solutions organization, has announced a strategic move to expand its international presence through the acquisition of Artexmind S.A., a newly incorporated IT/ITes company. The acquisition, valued at $10,000, is set to be executed through Coforge's subsidiary, Coforge Solutions Private Limited.

Acquisition Details

The deal involves the purchase of 40,000 shares, representing the entire share capital of Artexmind S.A. This shelf company, incorporated on July 16, 2025, has not yet commenced operations. Coforge's decision to acquire Artexmind S.A. is primarily aimed at facilitating expansion into a new geographic market, as establishing a new entity would require a longer lead time.

Transaction Timeline and Structure

The transaction is expected to be completed by August 31, 2025, with the consideration to be paid in cash. Notably, the acquisition does not require any government or regulatory approvals, potentially streamlining the process.

Strategic Implications

This move aligns with Coforge's global expansion strategy, allowing the company to swiftly establish a presence in a new market. By acquiring a shelf company, Coforge can potentially bypass some of the time-consuming processes typically associated with setting up operations in a new geography.

Financial Performance

Alongside this acquisition announcement, Coforge has released its financial results for the first quarter of the fiscal year 2026. The company reported:

Order Book and Client Acquisition

Coforge demonstrated strong business momentum in Q1 FY26:

• Fresh order intake of $507 million, including five large deals.
• Executable order book over the next 12 months stood at $1.55 billion, showing a 46.90% year-on-year growth.
• Addition of 6 new logos during the quarter.

Dividend Declaration

The Board of Directors has declared an interim dividend of ₹4 per equity share (face value ₹2 each) for the financial year 2025-26. The record date for determining shareholder eligibility is set for July 31, 2025.

Change in Registrar and Share Transfer Agent

In a move to enhance operational efficiency and shareholder experience, Coforge has appointed M/s. MUFG Intime India Private Limited as its new Registrar and Share Transfer Agent, effective November 15, 2025, replacing Alankit Assignments Limited.

As Coforge continues to expand its global footprint and deliver strong financial performance, the acquisition of Artexmind S.A. marks another step in the company's growth strategy, potentially opening new avenues for business development and market penetration.