AI-native engineering services company Coforge Ltd reported a robust performance for the first quarter of FY27, with consolidated net profit rising 63.4% year-on-year to ₹518 crore, driven by strong revenue growth, expanding margins and healthy deal wins.
The company’s consolidated revenue for the quarter climbed 49.2% to ₹5,527 crore, compared with ₹3,704 crore in the corresponding quarter of the previous financial year.
AI-led growth fuels performance
Coforge said its business continued to benefit from accelerating demand for AI-led engineering, cloud and data services, with 86% of its revenue now coming from these segments.
Coforge Ltd Chief Executive Officer and Executive Director Sudhir Singh said the company’s performance reflected strong execution and differentiated capabilities.
“Our Q1 performance, with 21.1% sequential growth and 33.3% year-on-year growth in US dollar terms, reflects the strength of our differentiated capabilities and an execution intensity that is uniquely our own,” he said.
Singh added that the company’s next 12-month signed order book of $2.23 billion, a robust large-deal pipeline and AI-driven capabilities position Coforge to remain the industry’s growth leader for the third consecutive year.
He noted that consolidated Q1 margins exceeded the company’s annual guidance, with EBIT margin expanding by 414 basis points and EBITDA margin improving by 285 basis points year-on-year, aided by large-scale AI adoption in client delivery and internal operations.
With the integration of Encora now complete and demand remaining strong, Singh said FY27 is shaping up to be “an exceptional performance year” for the company.
Order book hits record level
During the quarter, Coforge reported order intake of $691 million in total contract value (TCV) and executable order book for the next 12 months rose to $2.23 billion, up 27% quarter-on-quarter. The company signed four large deals across North America, Europe and Latin America. Significantly, last-twelve-month attrition eased to 10.4%, compared with 10.8% in the previous quarter.
New AI platforms launched
The company also strengthened its AI offerings during the quarter by launching several new platforms.
These include Coforge Nuuron, described as an AI operating system that helps enterprises industrialise AI-driven outcomes by integrating knowledge, decision intelligence, AI agents and execution systems into a unified autonomous operating model.
It also unveiled the NEXA Agentic AI Platform for the global insurance industry, designed to help insurers deploy AI at scale and improve business outcomes.
In the aviation sector, Coforge introduced Aeronova.AI, an AI-enabled framework aimed at helping airlines transition from legacy passenger name record (PNR)-based operations to order-led retailing with minimal operational disruption.
Interim dividend
The board has declared an interim dividend of ₹4 per equity share for FY27. The record date for determining eligible shareholders has been fixed as August 3, 2026.