Mid-Tier IT firms Q2 revenue higher than bigger rivals

Mid-tier IT companies saw a higher sequential growth in the second quarter of fiscal 2025, driven by their focus on AI-led strategies, steady deal inflows, and growth in key verticals such as banking and financial services (BFSI) and also continued to outperform their larger peers in terms of revenue growth.

On an average the top domestic IT services companies including – Tata Consultancy Services, Infosys, HCLTech, and Wipro – reported a 2-3% revenue growth on a sequential basis, while the midcap IT companies, including Persistent Systems, Coforge, Mphasis, and Birlasoft, rose 5-6% organically.