Global IT solutions organization Coforge has demonstrated significant financial momentum, reporting a remarkable 31.7 percent year-over-year surge in revenue for the second quarter of fiscal year 2026, positioning the company firmly on its path to a ninth consecutive year of unbroken growth.[1][2] The company's consolidated revenue reached ₹3,986 crore, accompanied by an exceptional 86 percent year-over-year jump in net profit to ₹376 crore.[1][3] This robust performance, achieved amidst uncertain macroeconomic conditions that have challenged the broader IT services industry, underscores the success of the company's strategic focus on specialized services and consistent execution.[4][2] The strong quarterly results build on a solid foundation laid earlier in the fiscal year and reflect a resilient demand for the company's offerings in a competitive market.

A closer examination of the second-quarter financial results reveals broad-based strength across key performance indicators. The revenue, which stood at $462.10 million in USD terms, represented a 26.6% year-on-year increase.[1] Profitability also saw a significant boost, with the company’s EBIT margin expanding by 250 basis points sequentially to 14 percent.[2][5] Fueling this growth is a powerful sales engine that has consistently secured high-value contracts. During the quarter, Coforge recorded a strong order intake of $514 million and signed five new large deals across North America and the APAC region.[1][2] This brings the total large deal count for the first half of the fiscal year to ten.[2] Perhaps more indicative of future performance, the company's executable order book for the next twelve months grew to $1.63 billion, a substantial 26.7% increase from the same period last year, providing strong revenue visibility for the upcoming quarters.[1][5]

The consistent, multi-year growth trajectory is not accidental but the result of a deliberate strategy centered on high-value digital services, particularly in the realm of artificial intelligence. Coforge has publicly committed to an "AI-first" approach, embedding artificial intelligence capabilities into the very fabric of its core services rather than treating it as a separate, siloed unit.[6][7] CEO Sudhir Singh has called AI the "biggest transformation lever," a philosophy demonstrated through the launch of platforms like AgentSphere, which features over 100 foundational AI agents designed to solve specific industry pain points, and Forge-X, an AI-powered platform to accelerate application development.[6] This strategy is yielding tangible results for clients, including 30% automation of financial crime workflows and a 75% reduction in healthcare enrollment turnaround times.[7] This focus on AI has been further bolstered by the strategic acquisition of Cigniti Technologies, a move intended to create scaled-up verticals in retail, technology, and healthcare and leverage the growing opportunities for specialized AI-led assurance services.[8][9]

Within the competitive landscape of the IT services sector, Coforge's performance places it among the top performers, particularly when compared to its peers. For instance, while Coforge marks its ninth year of growth, competitor Persistent Systems recently celebrated its own impressive milestone of 22 consecutive quarters of revenue growth.[10][11] In the most recent quarter, Persistent also posted strong results, with a 17.6% year-over-year revenue increase and a 45.1% jump in net profit.[10][11][2] A direct comparison shows that while Coforge delivered faster sequential growth and wider margin expansion, Persistent outperformed on overall profitability and total contract value growth.[2] This highlights the nuanced strengths of different players in the market, with Coforge's pace and margin gains setting it apart quarterly, while Persistent's long-term consistency and profit momentum underscore its exceptional sustainability.[2] This performance is especially noteworthy in an industry grappling with what Coforge's CEO describes as a deflationary effect of AI on traditional contracts, even as it simultaneously drives up spending on major transformational projects.[12]

In conclusion, Coforge's stellar second-quarter performance, marked by a significant surge in both revenue and profit, strongly signals that the company is on track to achieve its goal of nine straight years of robust growth. This success is not merely a reflection of favorable market conditions but a direct outcome of a focused corporate strategy prioritizing AI integration, consistent large deal acquisitions, and a culture of what the company terms "execution intensity."[7] By embedding AI as a core transformation tool and strategically expanding its capabilities, Coforge has effectively navigated a complex global economic environment. The company has not only outpaced many rivals but has also built a formidable order book that promises continued momentum, solidifying its position as a resilient and high-growth leader in the global IT solutions landscape.