Coforge posts strong quarterly growth on Encora integration, deal momentum

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Consolidated ⁠net profit rose 56.5% y-o-y to ₹588 crore from ₹376 crore

By Reuters

Updated - October 23, 2026 at 06:00 PM.

Indian IT services provider Coforge 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 ₹6,171 crore ($649.99 million) in the quarter ended ‌September 30, from ₹4,016 crore ⁠a year earlier
• Consolidated ⁠net profit rose 56.5% year-on-year to ₹588 crore from ₹376 crore
• 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)

Published on October 23, 2026

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