Midcap IT firm posted higher revenue growth than larger peers in April-June

Midcap IT firms like Sonata Software, Coforge, Mphasis, and Persistent Systems continue to outperform their larger peers in terms of revenue growth despite continued pressures on deal delays and sector-specific softness.

On an average the top domestic IT services companies including – Tata Consultancy Services, Infosys, and Wipro – reported a 1-2% revenue growth on a sequential basis during the April-June quarter, while the midcap IT firms expanded by 4-5% on a sequential average.