Samyag

Corporate Actions

Back

Coforge rises after securing five-year deal from UK-based client worth $158 million

25-Feb-26 12:09 Hrs IST

The firm shall provide services effective April 2026. Revenue accrual under the contract will be evenly spread over five years.

The firm expects material expansion of ancillary revenue around this core contract over the next five years from the same client.

John Speight, President Coforge and Europe Business Leader, said: AI led conversations focused on driving innovation, improving governance and resiliency are helping drive a material increase in the number and median size of large deals in play across Europe.

Our five key AI-based platforms- Coforge Forge-X, Coforge EvolveOps.Ai, Coforge BlueSwan, Coforge Quasar and Coforge Data Cosmos- have set us up very nicely to address these asks.

Coforge is a global tech services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients.

The company had reported 33.4% fall in consolidated net profit to Rs 250.2 crore despite a 5.1% increase in gross revenues to Rs 4,188.1 crore in Q3 FY26 as compared with Q2 FY26.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.