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Mid-cap IT services provider Coforge will announce one of its biggest deals ever in the fourth quarter, Sudhir Singh, the CEO of Coforge, a mid-tier IT services provider, said while responding to a question from an analyst in a conference call post the latest third-quarter earnings.
"We also believe that in the allied vertical (healthcare), which you referred to as the UK public sector, we signed one of the largest deals that we ever had in that sector in the current quarter that is going on right now. We haven’t announced it because this is the Q3 result call for now," he added.
Healthcare and hi-tech are already 10.5% of aggregate revenue, and they have doubled over the last four quarters.
The management also guided for a 15% operating margin (earnings before interest and taxes), closing the financial year ending March 2026 with a margin of 14%.
The company saw its operating margin shrink to 13.4% between October and December 2025 compared to 14% in the preceding three months.
The decline in margin was due to a wage hike, which eroded 150 basis points, and hedging losses took out another 25 basis points.
The stock ended Friday with a loss of 2.7%, and the week was down over 4.8%.
Read more: Coforge to fund Encora acquisition via bank loan, rules out QIP
"We also believe that in the allied vertical (healthcare), which you referred to as the UK public sector, we signed one of the largest deals that we ever had in that sector in the current quarter that is going on right now. We haven’t announced it because this is the Q3 result call for now," he added.
Healthcare and hi-tech are already 10.5% of aggregate revenue, and they have doubled over the last four quarters.
The management also guided for a 15% operating margin (earnings before interest and taxes), closing the financial year ending March 2026 with a margin of 14%.
The company saw its operating margin shrink to 13.4% between October and December 2025 compared to 14% in the preceding three months.
The decline in margin was due to a wage hike, which eroded 150 basis points, and hedging losses took out another 25 basis points.
The stock ended Friday with a loss of 2.7%, and the week was down over 4.8%.
Read more: Coforge to fund Encora acquisition via bank loan, rules out QIP
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