Coforge Reports Strong Q2 Growth with 34.5% YoY Revenue Increase

Coforge Reports Strong Q2 Growth with 34.5% YoY Revenue Increase

Coforge Limited, a leading global IT solutions company, delivered an impressive Q2 FY25 performance, reporting a 34.5% year-on-year (YoY) revenue growth to INR 30,623 million (US$ 369.4 million). EBITDA rose 39.2% YoY, while the signed order book for the next 12 months reached $1.31 billion, up 40% YoY. The company added 5,871 employees during the quarter, with its headcount reaching 32,483. CEO Sudhir Singh expressed confidence in sustained growth, highlighting strong order intake and successful integration of Cigniti’s team.

“Q2FY25 has been an exceptional quarter for the firm. A 27 percent sequential dollar growth with the organic business having grown 6.3 percent sequentially, a concurrent and very material expansion in EBITDA in H1, the second consecutive quarter of significant net headcount addition, a large deals pipeline that is looking very robust and an ever strengthening next twelve month signed order book which now is 40 percent higher YoY gives us confidence that the quarter and quarters to come shall see robust and sustained growth. The growth and the margin expansion at Cigniti are a preview of sustained growth and further increases in margin to follow. We have operationally fully integrated the Cigniti team and the synergies have exceeded even our expectations” said Sudhir Singh, CEO and Executive Director, Coforge Ltd.

Coforge also launched a new sustainability solution and won several awards for innovation and employee engagement.

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