Why are Coforge shares down over 4% today despite recent multi-year deal win? Explained
Shares of Coforge Ltd fell 4.17% to Rs 1,633 on Thursday, even after the company recently secured a multi-year deal with travel technology major Sabre Corporation. The decline comes after Sabre's Q2 2025 earnings, released last evening, revealed weak performance and a sharp cut in full-year guidance, leading to a 30% plunge in Sabre's U.S.-listed stock.
Sabre reported Q2 revenue of $687 million, up just 1% year-on-year, missing its own 'low single-digit' growth forecast. Normalized Adjusted EBITDA came in at $127 million, below the ~$140 million guidance, while Pro Forma Free Cash Flow turned negative at ($2 million).
In a significant revision, Sabre lowered its FY25 Air Distribution Volumes growth forecast to 4–10% (earlier double-digit), revenue outlook to flat–low single-digit growth (earlier high single-digit), and Pro Forma Adjusted EBITDA to $530–$570 million from $630+ million.
Given Sabre's significant contribution to Coforge's topline in Q1, the guidance cut has raised investor concerns over near-term revenue momentum.
As of 10:25 AM, Coforge shares traded at Rs 1,633, down 4.17%, with a market capitalization of Rs 10,108 crore. The stock has a 52-week range of Rs 1,153.20 to Rs 2,005.36.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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