IT services firm Coforge Ltd. is looking forward to a "very robust" organic growth in the current financial year on the back of a strong order pipeline.
The company has multiple engines of growth and even if some of them get impacted, others will ensure the growth continues to be "exceptional". After exhibiting healthy financial performance in the last fiscal, Coforge is eyeing acquisitions to fuel its future growth, according to Chief Executive Officer Sudhir Singh.
"Our order book for the next 12 months is 47.7% higher than it was at the same time last year," he told NDTV Profit during a conversation on Tuesday. "Despite the deteriorating macros, we will continue to do well and ensure a simultaneous margin expansion."
"Twelve months is a long time. There could be other variables that come into the mix, but when multiple engines are firing, we think we will deliver," Singh added.
Coforge saw an uptick in profit and revenue for the fourth quarter but missed analysts' estimates.
The CEO highlighted that there were three factors working in favour of the company.
"One is a sales engine that continues to focus and has focused for years on a large deals-driven growth mandate. Second is an execution intensity that we like to think is uniquely our own in terms of how we approach business operations," he said.
Third, he added, a lot of large deals were coming in on the back of very specific industry-based deep engineering expertise.
Singh acknowledged that the world was becoming more uncertain and this was giving rise to headwinds. However, he added that within its verticals, there would be areas that would continue to remain protected from the emerging uncertainties.
"Travel, for instance, is a space that will continue to see investments. Loyalty personalisation will continue to see investments. Those areas are going to be areas where growth will come from. That's where our confidence stems from," he said.
One of the major sources of confidence for the company is the balanced nature of its growth in terms of the geographies, clients and industries it serves. In terms of geography, North America, Europe and the rest of the world are doing very well, he said.
"The fact that it's not one vertical, one business, one client, or one geography that we're focused on. All engines are firing, they're firing simultaneously," he said.
In the last fiscal, banking grew more than 20% and it has maintained a compound annual growth rate of approximately 30% over the past three to four years. He projected strong growth for the banking segment in the current fiscal as well.
In the preceding fiscal, while travel grew at over 33%, the insurance vertical registered a 27% rise. Banking and travel are areas the company will continue to target in fiscal 2026, according to the top executive.
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