India's Coforge posts strong quarterly growth on Encora integration, deal momentum

Coforge

23/10/2026 12:39

Oct 23 (Reuters) - Indian IT services provider Coforge COFO.NS posted a 53.6% rise in second-quarter revenue on Friday, helped by a full-quarter contribution from acquired engineering-services company Encora and demand for AI-led engineering, data and cloud services.
Consolidated revenue from operations rose to 61.71 billion rupees ($649.99 million) in the quarter ended September 30, from 40.16 billion rupees a year earlier
Consolidated net profit rose 56.5% year-on-year to 5.88 billion rupees from 3.76 billion rupees 
Indian IT firms are competing for large outsourcing and technology-transformation contracts as clients seek higher productivity from AI
This comes even as concerns rise about AI's impact on traditional labour-intensive work
Coforge, which derives over 60% of its revenue from North and South America, announced its $2.35 billion acquisition of AI firm Encora in December 2025
The acquisition would bolster Coforge's scale and capabilities in the US and Latin American markets, according to the firm
Coforge's order intake for the quarter rose to $1.04 billion from $514 million a year ago
The company, whose clients include Etihad Airways and fintech firm SEI Investments, said its top 10 customers accounted for 26.4% of second-quarter revenue
     
     
($1 = 94.9400 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru; Editing by Janane Venkatraman)
 ((mridula.kumar@thomsonreuters.com))