Coforge Limited — Updates, 23-01-2025: Press Release

Coforge Limited reported strong financial results for Q3 FY25, showcasing robust growth across key metrics. Revenue surged to ₹3,318.2 crore, reflecting a 40.3% increase year-over-year (YoY) and an 8.4% uptick quarter-over-quarter (QoQ) in constant currency terms. Adjusted EBITDA improved by 29.3% YoY to ₹519.0 crore, with an impressive margin of 17.8%. The company achieved a record operating cash flow of $47.0 million, up 211% QoQ, and order intake reached $501 million, sustaining momentum with four large deals signed.

Headcount increased to 33,094, marking a 16% organic growth this fiscal year. The executable order book grew to $1.37 billion, representing a 40.1% YoY increase, indicating strong visibility for future revenue. Given these results and a strong order pipeline, Coforge maintains a positive outlook, highlighting its resilient position in the competitive IT landscape. Investor sentiment could be positive as the company continues to exhibit strength amid challenging market conditions.