Mid-tier IT firms reap gains from smaller deals; Coforge, LTTS, & Mphasis major gainers

Mid-tier IT firms are emerging as preferred partners for businesses as companies shift toward smaller, experimental contracts instead of long-term, large-scale deals. This trend is driven by economic uncertainty, cost-optimisation strategies, and the increasing adoption of Generative AI (GenAI).

For instance, Coforge recently signed a partnership contract worth approximately $1.56 billion with US-based Sabre Corporation, a travel technology company.