Coforge to Announce Major Deal Amidst Year-Long Stock Crash
Share Market
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CNBC Awaaz•26-01-2026, 16:04
Coforge to Announce Major Deal Amidst Year-Long Stock Crash
- •Coforge, a mid-cap IT services company, is set to announce its largest deal to date in Q4, as revealed by CEO Sudhir Singh.
- •The upcoming deal is in a healthcare-related vertical, part of the UK public sector, and is one of the biggest in that sector.
- •Healthcare and high-tech sectors now contribute 10.5% to Coforge's total revenue, doubling their contribution in the last four quarters.
- •Coforge's operating margin decreased to 13.4% in Q3, primarily due to salary increases and hedging losses.
- •Despite margin pressure, Coforge aims for a 15% operating margin and expects to close FY26 with a 14% margin, while its stock has fallen 6.72% over the past year.
Why It Matters: Coforge plans a major deal announcement, aiming to reverse a year-long stock decline and margin pressure.
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