Coforge announced its largest deal, a 13-year contract worth $1.56 billion with Sabre Corp, which involves handling software product delivery and AI functions, showcasing its growth in the IT services sector.

Coforge is part of the Nifty IT index, which has recently improved in sentiment, yet analysts warn that the sector still faces significant near-term challenges.

Coforge has experienced a decline of between 17-31% in share price this year, amidst the broader sell-off in the IT sector driven by fears of AI-led disruption and revenue slowdown.

Coforge acquired California-headquartered data analytics firm Encora for 2.39 billion, expected to contribute roughly 630 million in additional revenue this fiscal, and also acquired Theory and Practice Business Intelligence Inc for 14 million.