Coforge Secures Largest Public Sector Deal Outside India, Shares Under Pressure
Business
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Moneycontrol•27-01-2026, 15:51
Coforge Secures Largest Public Sector Deal Outside India, Shares Under Pressure
- •Coforge, a leading mid-cap IT company, has secured its largest public sector deal outside India in the UK's allied vertical (healthcare) during the March quarter.
- •CEO Sudhir Singh confirmed the deal to analysts, with a formal announcement expected soon.
- •Healthcare and high-tech segments now contribute 10.5% to Coforge's total revenue, with income from these verticals doubling in the last four quarters.
- •The company aims for a 14% operating margin for FY26, with a long-term target of 15%, despite a recent dip to 13.4% in the December quarter.
- •Margin decline in Q3 was attributed to salary increases (150 bps impact) and hedging losses (25 bps impact).
Why It Matters: Coforge landed its biggest international public sector deal, boosting key segments, but faces margin and stock pressure.
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