Coforge Posts 29% Revenue Growth, Expands EBIT Margins by 370bps

Event summary

  • Coforge reported FY26 revenue of $1.87B, up 29.2% YoY in USD terms.
  • EBIT margin expanded by 370bps to 14.4%, with EBIT growing 73.7% YoY.
  • Q4 FY26 revenue grew 21.2% YoY in USD terms, with EBITDA margin at 20.6%.
  • Order executable stands at $1.75B, a 16.4% YoY increase.
  • Headcount reached 35,777, with LTM attrition rate at 10.8%.

The big picture

Coforge's strong FY26 performance underscores the growing demand for AI-native engineering services, particularly in hyperspecialized industries. The company's ability to expand EBIT margins while scaling revenue highlights operational efficiency gains. With a robust order book and strategic partnerships with AWS and ServiceNow, Coforge is well-positioned to capitalize on the broader shift toward autonomous enterprise solutions.

What we're watching

Revenue Growth
Whether Coforge can sustain its 29% YoY revenue growth into FY27, given the strong order executable of $1.75B.
Margin Expansion
The pace at which Coforge can further expand EBIT margins beyond the 370bps increase in FY26.
Attrition Management
How Coforge will manage its LTM attrition rate of 10.8% amid aggressive growth and headcount expansion.