- 05 Mar 2025
- ICICIdirect Research
COFORGE LTD HAS SECURED ITS LARGEST-EVER DEAL
COFORGE - 7313 Change: 20.60 (0.28 %)News: Coforge Ltd has secured its largest-ever deal, a 13-year contract worth $1.56 billion (₹13,600 crore) with Texas-based travel technology firm Sabre Corp. Under the agreement, Coforge will manage software product delivery and execute AI-led initiatives for Sabre, bringing in an average annual revenue of $120 million, which will be significant at ~7.5% of current annualised revenues.
View: The deal is expected to significantly boost the company’s revenue from the travel sector, which currently contributes about a fifth of its total earnings. Coforge’s presence in the Americas, already its largest market, is also set to expand further. This development follows Coforge’s acquisition of Cigniti, a move aimed at strengthening its capabilities across retail, hi-tech, and healthcare verticals. With this momentum, the company is targeting $2 billion in revenue by FY27 (vs. current annualised run rate of $1.6 bn)
Impact: Positive