Shares of IT major Coforge gained over 2% to their day's high of Rs 1,499 on the BSE on Wednesday, after the company’s management issued robust guidance of $5 billion in revenue by FY30 during its investor day on June 16.
Coforge said this implies a revenue CAGR of around 19% between FY26 and FY30, driven by organic growth of nearly 15% over the same period. The company expects organic growth to be supported by deeper engagement with key accounts, scaling up strategic growth bets and partner-led opportunities. Management also views AI as a growth accelerator rather than a disruption risk, saying it is creating new demand pools.
