On July 24, India's Coforge announced a five-year contract valued at over $230 million with a major European client for an AI-driven business transformation program. The agreement involves using low-code/no-code platforms, AI-powered automation, and AI-enabled software development to modernize the client's operations. The deal is highlighted as one of Coforge's largest AI transformation contracts in Europe and is expected to enhance decision-making, productivity, and service delivery. The announcement led to a rise in Coforge's stock price. The company's leadership emphasized the increasing demand for large-scale AI transformations as businesses expand their AI initiatives beyond initial pilots.
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