Coforge teams up with Salesforce to launch Coforge ENZO to help customers address decarbonisation challenges

Coforge and Salesforce will help customers address decarbonisation challenges and accurately measure and report on greenhouse gas (GHG) emissions via sustainability consulting and diagnostic assessment services. Shares of Coforge were trading nearly 1.5% higher on Tuesday.

The firm stated that Coforge ENZO will streamline emissions data management by identifying, consolidating, and transforming raw data from emission sources across operations. The offering will automate carbon accounting with real-time emissions calculations and dashboards, enabling effective, corrective, and preventive actions through robust decarbonisation strategy consulting.

Coforge pointed out that the solution will automatically generate audit-ready sustainability reports compliant with global and regional regulatory standards.

Meanwhile, during the first quarter of fiscal year 2025, Coforge reported an 8.1% year-over-year (YoY) rise in its gross revenues at ₹2,400.80 crore. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 23.3% YoY to ₹408.70 crore while EBITDA margin for the quarter rose 210 basis points (bps) YoY to 17%.

Net profit, however, fell 19.4% to ₹133.20 crore. The board recommended an interim dividend of ₹19 per share.

Sudhir Singh, Chief Executive Officer, Coforge said FY25 has started on a strong note with a healthy increase in EBITDA margins. “A very strong executable order book, backed by the highest ever headcount addition, sets us up for continued growth ahead,” he said.

The firm added 10 new clients during the quarter and acquired a 28% stake in Cigniti. The company’s order intake stood at $314 million, making it the tenth consecutive quarter of $300+ million order intake.

Coforge said headcount stood at 26,612 at the end of the quarter with a net addition of 1,886 sequentially.

Shares of the company lost 0.65% since the beginning of the year and gained over 23% in the last one year.