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CNA
09-05-2025
- Business
- CNA
India's Coforge to top $2 billion revenue target, CEO says
BENGALURU :Indian mid-tier IT services firm Coforge is betting that a healthy order book will help it top the $2 billion revenue target for the financial year 2027, chief executive Sudhir Singh said. The company snagged a 13-year contract valued at $1.56 billion from U.S.-based travel technology provider Sabre Corp in the previous quarter. That came at a time when larger rivals struggled to secure mega deals as macroeconomic uncertainties and tariff risks weighed on the Indian IT sector. Coforge's revenue for the last fiscal year stood at $1.45 billion. "If all we've done in FY27 is $2 billion, then I'll be really disappointed," CEO Singh said in an interview on Tuesday. "Our next 12-month signed order book is 47.7 per cent higher than where it was at the same time last year," he said. Despite the high level of uncertainty, Singh is hopeful that tech spending cannot go down in areas where it is "structural in nature". Singh said Coforge's demand outlook in the current fiscal year is strong, as all its verticals and geographies are growing. The company gets nearly 30 per cent of its revenue from banking and financial services, 19 per cent from insurance and 18 per cent from travel, transportation and hospitality. The IT firm's revenue grew 33.8 per cent in the fiscal year ending March, and it is relying on steady organic growth this year. "I don't see organic growth slowing in any shape or manner in FY26," Singh said. Coforge's organic revenue growth stood at about 16.4 per cent last fiscal year, according to Kotak Institutional Equities. Nomura said it expects the company's organic revenue growth to "accelerate" this fiscal year. Larger peer Infosys expects a revenue growth of zero to 3 per cent this fiscal year while HCLTech foresees a 2 per cent to 5 per cent rise. Singh is bullish on operating margins going up "materially" as Coforge focuses on larger deals.
Business Recorder
09-05-2025
- Business
- Business Recorder
India's Coforge to top $2 billion revenue target, CEO says
BENGALURU: Indian mid-tier IT services firm Coforge is betting that a healthy order book will help it top the $2 billion revenue target for the financial year 2027, chief executive Sudhir Singh said. The company snagged a 13-year contract valued at $1.56 billion from U.S.-based travel technology provider Sabre Corp in the previous quarter. That came at a time when larger rivals struggled to secure mega deals as macroeconomic uncertainties and tariff risks weighed on the Indian IT sector. Coforge's revenues for the last fiscal year stood at $1.45 billion. 'If all we've done in FY27 is $2 billion, then I'll be really disappointed,' CEO Singh said in an interview on Tuesday. 'Our next 12-month signed order book is 47.7% higher than where it was at the same time last year. Even if half the world breaks apart, we can still grow very strongly,' he said. Despite the high level of uncertainty, Singh is hopeful that tech spending cannot go down in areas where it is 'structural in nature'. Singh said Coforge's demand outlook in the current fiscal year is strong, as all its verticals and geographies are growing. The company gets nearly 30% of its revenue from banking and financial services, 19% from insurance and 18% from travel, transportation and hospitality. Indian IT firm Coforge's profit misses expectations on higher costs The IT firm's revenue grew about 33.8% in the fiscal year ending March, and it is relying on steady organic growth this year. 'I don't see organic growth slowing in any shape or manner in FY26,' Singh said. Coforge had an estimated organic growth of 16.4% last fiscal year, according to Kotak Institutional Equities. Larger peer Infosys expects a revenue growth of zero to 3% this fiscal year while HCLTech foresees a 2% to 5% rise. Singh is bullish on operating margins going up 'materially' as Coforge focuses on larger deals. 'We will take whatever comes our way, but we have a strong preference for larger deals because they help with visibility, they help with resilience of revenue, and they also help longer term in margin expansion.'
Economic Times
09-05-2025
- Business
- Economic Times
Coforge to top $2 billion revenue target, CEO says
Coforge snagged a 13-year contract valued at $1.56 billion from US-based travel technology provider Sabre Corp in the previous quarter. That came at a time when larger rivals struggled to secure mega deals as macroeconomic uncertainties and tariff risks weighed on the Indian IT sector. The IT firm's revenue grew about 33.8% in the fiscal year ending March, and it is relying on steady organic growth this year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Indian mid-tier IT services firm Coforge is betting that a healthy order book will help it top the $2 billion revenue target for the financial year 2027, chief executive Sudhir Singh company snagged a 13-year contract valued at $1.56 billion from US-based travel technology provider Sabre Corp in the previous quarter. That came at a time when larger rivals struggled to secure mega deals as macroeconomic uncertainties and tariff risks weighed on the Indian IT sector. Coforge 's revenues for the last fiscal year stood at $1.45 billion."If all we've done in FY27 is $2 billion, then I'll be really disappointed," CEO Singh said in an interview on Tuesday."Our next 12-month signed order book is 47.7% higher than where it was at the same time last year. Even if half the world breaks apart, we can still grow very strongly," he the high level of uncertainty, Singh is hopeful that tech spending cannot go down in areas where it is "structural in nature".Singh said Coforge's demand outlook in the current fiscal year is strong, as all its verticals and geographies are growing. The company gets nearly 30% of its revenue from banking and financial services, 19% from insurance and 18% from travel, transportation and IT firm's revenue grew about 33.8% in the fiscal year ending March, and it is relying on steady organic growth this year."I don't see organic growth slowing in any shape or manner in FY26," Singh said. Coforge had an estimated organic growth of 16.4% last fiscal year, according to Kotak Institutional peer Infosys expects a revenue growth of zero to 3% this fiscal year while HCLTech foresees a 2% to 5% is bullish on operating margins going up "materially" as Coforge focuses on larger deals."We will take whatever comes our way, but we have a strong preference for larger deals because they help with visibility, they help with resilience of revenue, and they also help longer term in margin expansion."
Reuters
09-05-2025
- Business
- Reuters
India's Coforge to top $2 billion revenue target, CEO says
BENGALURU, May 9 (Reuters) - Indian mid-tier IT services firm Coforge ( opens new tab is betting that a healthy order book will help it top the $2 billion revenue target for the financial year 2027, chief executive Sudhir Singh said. The company snagged a 13-year contract valued at $1.56 billion from U.S.-based travel technology provider Sabre Corp (SABR.O), opens new tab in the previous quarter. That came at a time when larger rivals struggled to secure mega deals as macroeconomic uncertainties and tariff risks weighed on the Indian IT sector. Coforge's revenues for the last fiscal year stood at $1.45 billion. "If all we've done in FY27 is $2 billion, then I'll be really disappointed," CEO Singh said in an interview on Tuesday. "Our next 12-month signed order book is 47.7% higher than where it was at the same time last year. Even if half the world breaks apart, we can still grow very strongly," he said. Despite the high level of uncertainty, Singh is hopeful that tech spending cannot go down in areas where it is "structural in nature". Singh said Coforge's demand outlook in the current fiscal year is strong, as all its verticals and geographies are growing. The company gets nearly 30% of its revenue from banking and financial services, 19% from insurance and 18% from travel, transportation and hospitality. The IT firm's revenue grew about 33.8% in the fiscal year ending March, and it is relying on steady organic growth this year. "I don't see organic growth slowing in any shape or manner in FY26," Singh said. Coforge had an estimated organic growth of 16.4% last fiscal year, according to Kotak Institutional Equities. Larger peer Infosys ( opens new tab expects a revenue growth of zero to 3% this fiscal year while HCLTech ( opens new tab foresees a 2% to 5% rise. Singh is bullish on operating margins going up "materially" as Coforge focuses on larger deals. "We will take whatever comes our way, but we have a strong preference for larger deals because they help with visibility, they help with resilience of revenue, and they also help longer term in margin expansion."
Yahoo
09-05-2025
- Business
- Yahoo
India's Coforge to top $2 billion revenue target, CEO says
By Haripriya Suresh BENGALURU (Reuters) -Indian mid-tier IT services firm Coforge is betting that a healthy order book will help it top the $2 billion revenue target for the financial year 2027, chief executive Sudhir Singh said. The company snagged a 13-year contract valued at $1.56 billion from U.S.-based travel technology provider Sabre Corp in the previous quarter. That came at a time when larger rivals struggled to secure mega deals as macroeconomic uncertainties and tariff risks weighed on the Indian IT sector. Coforge's revenues for the last fiscal year stood at $1.45 billion. "If all we've done in FY27 is $2 billion, then I'll be really disappointed," CEO Singh said in an interview on Tuesday. "Our next 12-month signed order book is 47.7% higher than where it was at the same time last year. Even if half the world breaks apart, we can still grow very strongly," he said. Despite the high level of uncertainty, Singh is hopeful that tech spending cannot go down in areas where it is "structural in nature". Singh said Coforge's demand outlook in the current fiscal year is strong, as all its verticals and geographies are growing. The company gets nearly 30% of its revenue from banking and financial services, 19% from insurance and 18% from travel, transportation and hospitality. The IT firm's revenue grew about 33.8% in the fiscal year ending March, and it is relying on steady organic growth this year. "I don't see organic growth slowing in any shape or manner in FY26," Singh said. Coforge had an estimated organic growth of 16.4% last fiscal year, according to Kotak Institutional Equities. Larger peer Infosys expects a revenue growth of zero to 3% this fiscal year while HCLTech foresees a 2% to 5% rise. Singh is bullish on operating margins going up "materially" as Coforge focuses on larger deals. "We will take whatever comes our way, but we have a strong preference for larger deals because they help with visibility, they help with resilience of revenue, and they also help longer term in margin expansion."
