Coforge shares gain as it bags $158 million five-year UK deal
Published on 25/02/2026 12:09 PM
Coforge shares gain as it bags $158 million five-year UK dealCoforge said the five-year agreement will commence in April 2026, with revenue expected to accrue evenly over the contract period. The company also indicated that it anticipates a material expansion of ancillary revenues linked to the core engagement over the next five years from the same client.By Gareema Bangad February 25, 2026, 12:09:59 PM IST (Published)2 Min ReadCoforge Limited on Wednesday, February 25, said it has secured a $158 million contract from a UK-based client.
In a regulatory filing, Coforge said the five-year agreement will commence in April 2026, with revenue expected to accrue evenly over the contract period. The company also indicated that it anticipates a material expansion of ancillary revenues linked to the core engagement over the next five years from the same client.
"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,"John Speight, President and Europe Business Leader at Coforge, said.
He added that the company’s AI-based platforms — Coforge Forge-X, Coforge EvolveOps.Ai, Coforge BlueSwan, Coforge Quasar and Coforge Data Cosmos — position it well to address evolving client requirements.
Coforge is a global digital services and solutions provider with operations across 25 countries and 33 global delivery centres. The company focuses on leveraging AI, cloud, data, integration and automation technologies to support enterprise transformation initiatives.
For the December quarter, the technology services provider's revenue in rupee terms stood at ₹4,188 crore, up 5.1% sequentially and largely in line with the ₹4,206 crore projection from the CNBC-TV18 poll. EBIT for Q3FY26 remained largely flat at ₹559.4 crore, margins narrowing by 60 basis points to 13.4% from 14% in Q2FY26. The CNBC-TV18 poll had projected margins to narrow 80 basis points to 13.2%.
Shares of the company were trading 1.97% up at ₹1,236.10 as of 11.52 am. The stock has declined 25.76% in the past month.
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