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Sabre deal's a leg up for Coforge
Mint Bangalore
|March 06, 2025
Upbeat outlook Coforge's robust executable order book gives confidence for FY26 revenue visibility.
Coforge Ltd shares were in the limelight on Wednesday, jumping 8% from the previous day's close. Driving this was a slew of announcements by the information technology services provider, including a 13-year deal with US travel tech company Sabre Corp. for a total contract value of $1.56 billion.
Further, Coforge has acquired Rythmos Inc. for about $48.7 million and TMLabs Pty Ltd for Australian $20 million (about $12.5 million). Coforge also announced a stock split in the ratio of 1:5. The Sabre agreement offers Coforge greater revenue visibility for 2025-26. Winning a large deal at a time when most clients are tightening their tech budgets is notable, and could lead to more deal wins.
This story is from the March 06, 2025 edition of Mint Bangalore.
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