Indian mid-tier IT services company Coforge is aiming to surpass the $2 billion revenue mark by the financial year 2027, driven by a strong order pipeline, according to CEO Sudhir Singh.
In the previous quarter, Coforge secured a significant 13-year deal worth $1.56 billion with U.S.-based travel tech firm Sabre Corp. This win comes as larger IT players face challenges in landing major contracts due to economic uncertainty and trade-related risks affecting the sector.
Coforge reported $1.45 billion in revenue for the last fiscal year.
“If all we’ve done in FY27 is $2 billion, then I’ll be really disappointed,” CEO Singh said in an interview on Tuesday.
“Our next 12-month signed order book is 47.7% higher than where it was at the same time last year. Even if half the world breaks apart, we can still grow very strongly,” he said.
Despite the high level of uncertainty, Singh is hopeful that tech spending cannot go down in areas where it is “structural in nature”.
Singh noted that Coforge’s demand outlook for the current fiscal year remains strong, with growth across all its verticals and regions. The company derives nearly 30% of its revenue from banking and financial services, 19% from insurance, and 18% from travel, transportation, and hospitality.
The IT firm saw a revenue growth of approximately 33.8% for the fiscal year ending in March and is now focusing on sustained organic growth for the current year.
“I don’t see organic growth slowing in any shape or manner in FY26,” Singh said. Coforge had an estimated organic growth of 16.4% last fiscal year, according to Kotak Institutional Equities.
Larger peer Infosys expects revenue growth of 0% to 3% for the current fiscal year, while HCLTech anticipates a rise of 2% to 5%.
Singh, however, is optimistic about Coforge’s operating margins, predicting a “materially” increase as the company targets larger deals.
“We will take whatever comes our way, but we have a strong preference for larger deals because they help with visibility, they help with resilience of revenue, and they also help longer term in margin expansion.”
With strong momentum across all verticals, a robust order book, and a focus on large-scale deals, Coforge is positioning itself as a serious growth contender in the mid-tier IT space.
