Coforge

Coforge Ltd. reported a strong financial performance for the third quarter, with net profit rising 16 percent year-on-year to Rs. 297 crore, underscoring resilient demand for its technology services despite a challenging global environment. The growth was supported by steady client spending, operational efficiency, and continued traction in key verticals such as banking, insurance, and travel. The results reflect Coforge’s ability to navigate macroeconomic uncertainty through disciplined execution and a diversified revenue base.

Coforge has announced the acquisition of Encora in a $2.35 billion transaction, marking one of the most consequential consolidations in the mid-tier IT services space. The deal significantly expands Coforge’s digital engineering, cloud, and data capabilities while strengthening its presence in high-growth markets. By combining complementary client portfolios and delivery strengths, the acquisition positions Coforge for accelerated revenue growth and deeper engagement with large global enterprises.