IT
Mid-tier IT pips big five in Q1 via strong deal conversions, AI efficiencies
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Mid-tier IT Indian companies including Coforge, Mphasis and Persistent Systems outperformed top tier peers in the first quarter of fiscal year 2026 on strong deal conversions and higher AI efficiency amidst an overall hit from gloomy business environment.
Year-on-year (YoY) revenue growth improved in double-digits with an average of around 20% growth for five of them outpacing the five top tier ones that recorded flat to single-digit growth rate averaging 1.5% rise, data from companies’ April to June quarter financials showed.
While Coforge…
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