Coforge has reported another stellar quarter of growth with revenue of ₹3,986 crore for Q2, marking an 8.1% increase quarter-on-quarter (QoQ), and 31% year-on-year (YoY).
This also follows a strong Q1 performance where revenue reached ₹3,689 crore with an EBITDA margin of 17.5%. Profit after tax for Q2 rose to ₹376 crore, up 18.4% sequentially and 86% year-on-year, despite increase in expenses.
The company’s EBIT margin expanded significantly to 14%, up 251 basis points sequentially, while EBITDA margin stood at 18.3%, up 115 basis points quarter-on-quarter.
Sudhir Singh, CEO and executive director of Coforge, emphasised the company’s ongoing commitment to achieving the ninth consecutive year of sustained and robust growth despite uncertain macroeconomic conditions.
Coforge recorded order intake of $514 million during Q2, with the executable order book over the next twelve months standing at $1.63 billion, a 26.7% year-on-year increase.
The company signed five large deals during the quarter across North America and APAC, maintaining momentum from Q1 when it also signed five large deals across North America, UK, and APAC with an order intake of $507 million.
This brings the total large deal count for the first half of fiscal 2026 to 10, compared to 14 for the entire previous fiscal year.
The company also entered into strategic partnerships with Workato and SnapLogic to expand its Integration and API Management portfolio.
The company’s headcount stood at 34,896 at the end of Q2, with a net addition of 709 employees sequentially, compared to 34,187 employees in Q1 with a net addition of 1,164.
Attrition remained among the lowest in the industry at 11.4% in Q2, marginally up from 11.3% in Q1.
Persistent Systems has also posted another strong quarter, with net profit jumping 45.1% year-on-year to ₹471.4 crore in Q2 FY26, well above Street estimates of ₹436 crore.
Between the two firms, Coforge delivered faster sequential growth and broader margin expansion, while Persistent outperformed on profitability, efficiency, and TCV growth.
Coforge’s revenue base and margin gains place it ahead in quarterly pacing, but Persistent’s consistent multi-quarter execution and profit momentum underline exceptional sustainability among Tier-2 peers.
LTIMindtree also performed well, reporting revenue growth of 4.9% quarter-on-quarter and 10.19% year-on-year, with net profit growing about 10% sequentially and yearly.
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