Coforge’s second quarter constant currency revenue growth of 1.8 percent is slightly ahead of the guidance and among the best in the industry.
In the post-results investor call, the management guided for at least 6 percent growth in constant currency revenues this current fiscal.
“That confidence comes on the back of the order executable that is locked in. On the back of the fact that despite the pandemic over the last two quarters, we have closed five large deals. The large deal pipeline continues to be robust,” the company’s Chief Executive Officer Sudhir Singh told CNBC-TV18.
“We intend to continue to be specialists as we have presence in a very limited set of verticals,” he added.
“Our exposure to the aviation industry has contracted significantly. At this point in time 51 percent of our revenue comes in from financial services, only 19 percent comes in from the travel sector at this point in time,” he said.
The company has witnessed growth in every vertical it operates in. “Every vertical that we operate in has grown, insurance has grown, BFSI has grown, travel has grown. The growth has been broad-based,” he said.