Coforge Limited , a leading global IT solutions and services organization, has announced robust financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported significant growth in revenue and profitability, along with strategic decisions aimed at enhancing operational efficiency.

Financial Highlights

Coforge demonstrated strong performance across key financial metrics:

The company's revenue in USD terms stood at $462.10 million, marking a 26.60% year-on-year increase and a 4.50% quarter-on-quarter growth.

Operational Performance

Coforge's operational metrics also showed positive trends:

• Order intake for the quarter reached $514 million.
• The order book executable over the next 12 months stood at $1.63 billion, representing a 26.70% year-on-year growth.
• The company signed five large deals during the quarter across North America and APAC regions.
• Global headcount increased to 34,896, with a net addition of 709 employees.
• IT attrition rate remained low at 11.40%, among the lowest in the industry.

Strategic Decisions

The Board of Directors made several key decisions:

1. Interim Dividend: Declared a second interim dividend of ₹4 per equity share (face value ₹2) for the financial year 2025-26. The record date is set for October 31, 2025, with payment to be made within 30 days of declaration.

2. Subsidiary Restructuring: Approved the voluntary winding up of two UK subsidiaries - Coforge SF Limited and Coforge DPA UK Limited. This move aims to enhance cost efficiency and operational synergy across the company's UK business.

3. Executive Appointment: John Speight has been appointed as President and Executive Director, effective October 10, 2025, subject to shareholder approval.

Auditor's Review

S R Batliboi & Associates LLP, the statutory auditors, issued unmodified limited review reports for the quarterly results, confirming the accuracy and compliance of the financial statements.

Management Commentary

Sudhir Singh, Chief Executive Officer and Executive Director of Coforge Ltd, expressed optimism about the company's performance and outlook: "The 8.1% sequential INR growth in Q2, a next twelve-month signed order book which is 26.7% higher YoY, a sales execution engine that signed 14 large deals last year and has already closed 10 large deals in the first half of this year, an EBIT margin expansion of 250 bps QoQ, coupled with one of the lowest employee attrition rates across the industry are all pointers to what we believe will be an exceptional fiscal'26."

Coforge's strong Q2 results and strategic initiatives demonstrate the company's resilience and growth potential in the competitive IT services landscape. The focus on large deals, operational efficiency, and talent retention positions Coforge well for continued success in the coming quarters.

Coforge Limited , a leading global IT solutions and services organization, has announced strong financial results for the second quarter, demonstrating significant growth across key metrics. Additionally, the company has obtained approval to wind down two of its subsidiaries in the United Kingdom.

Financial Highlights

Coforge reported impressive year-on-year growth in its Q2 results:

The company's revenue in USD terms stood at $462.10 million, marking a 26.60% increase year-on-year. Notably, Coforge achieved a substantial improvement in its EBIT margin, which expanded by 240 basis points year-on-year to reach 14.00%.

Strong Business Momentum

Coforge continues to demonstrate robust business momentum:

• Order intake for the quarter reached $514 million.
• The order book executable over the next 12 months stood at $1.63 billion, showing a 26.70% year-on-year growth.
• The company secured five large deals during the quarter across North America and APAC regions.

Operational Performance

Coforge's operational metrics also showed positive trends:

• Global headcount increased to 34,896, with a net addition of 709 employees during the quarter.
• The company maintained a low attrition rate of 11.40%, which is among the lowest in the IT services industry.

Dividend Announcement

The Board of Directors has recommended an interim dividend of ₹4.00 per share. The record date for this payout is set for October 31.

Strategic Developments

In a move to optimize its operations, Coforge has obtained approval to wind down two of its subsidiaries located in the United Kingdom. The company is proceeding with the closure process for these UK-based entities. This decision aims to bring synergy in operations and enhance cost efficiency across the company's business in the United Kingdom.

Sector-wise Performance

Coforge's diversified business portfolio showed growth across various sectors:

The Travel, Transportation and Hospitality sector demonstrated particularly strong growth, with a 60.80% year-on-year increase.

Coforge's robust performance in Q2 reflects its strong positioning in the IT services market and its ability to capitalize on growing demand across various sectors. The company's focus on securing large deals, maintaining a healthy order book, and optimizing its operations through strategic decisions like winding down certain subsidiaries bodes well for its future growth prospects.