New Delhi-based IT services firm Coforge has kicked off fiscal 2026 with robust first-quarter results, underscoring strong demand for its AI-powered platforms and continued pipeline momentum.
Revenue for Q1 FY26 surged to ₹3,689 crore ($442 million), representing a 56.5% year-on-year growth in rupee terms and 54.5% in dollar terms. Sequentially, revenues rose by 8.2% in rupee terms and 9.6% in USD.
Profit after tax stood at ₹317 crore, registering a 138.4% increase compared to the same period last year and 21.5% higher than the previous quarter.
CEO and executive director Sudhir Singh said, “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.”
Calling AI the biggest transformation lever, he said that the company remains committed to sustaining an execution intensity that is uniquely its own and to turning in the ninth consecutive year of sustained and robust growth.
In the quarter, the company said it has signed five large deals across key markets including North America, the UK, and APAC.
Its headcount stood at 34,187, with a net addition of 1,164 employees sequentially. Attrition remained steady at 11.3%.
In terms of innovation, Coforge said that it has launched AgentSphere, a platform featuring over 100 foundational agents designed to address specific pain points across industries such as travel, financial services, and healthcare.
Additionally, the company said it rolled out Forge-X, an AI-powered delivery platform aimed at accelerating and streamlining application development and modernisation across client portfolios.
The firm has been growing steadily over the last few quarters with AI in the centre. In Q4 FY25, revenue stood at INR 3,409.9 crore ($403.5 million), up 32% YoY.
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