Mid-tier IT firms outperform larger peers
The New Indian Express|May 21, 2024
Former are growing at 6-15% whereas latter's growth on constant currency terms is between -4% and 3%
UMA KANNAN
Mid-tier IT firms outperform larger peers

FROM revenue to hiring, midsized IT firms are performing better than their larger peers as they continue to focus on specialisation.

Be it making use of generative AI or winning deals, these firms are eyeing digital transformation projects from clients.

The mid-sized firms ($150 million - $1 billion) are growing between 6% and 15%, whereas the larger firms' constant currency organic growth is between 3% and negative 4%.

Companies such as Coforge and Persistent Systems, among others, are winning key deals.

Coforge in Q4 had an order intake of $774 million, including a $400 million 10-year deal in the BFS vertical and a $55 million three-year transformation deal in the insurance vertical.

هذه القصة مأخوذة من طبعة May 21, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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