Coforge Q1 results defy industry trends as AI-led services drive 63% profit surge
Coforge reported a 63% profit jump to Rs 519 crore in Q1, driven by its Encora acquisition and strong demand for AI-led services. The company claims AI infusion expanded margins by 414 basis points, directly contradicting rivals like HCL Technologies who warn of AI deflation. With 86% of revenues from AI-led engineering, data, and cloud services, Coforge grew twelve times faster than the industry forecast.