 "IT sector, IT companies, Deals")
Growth momentum for mid-cap IT services companies seems to have got a boost with large and mega deals going off the table for now and more mid-to-small deals becoming the norm.
These players have not only outdone the large companies on revenue growth in the December quarter but also have managed the supply-side constraints, which otherwise have impacted the margin performance of tier-1 firms.
For instance, Pune-based Persistent Systems reported sequential revenue growth of 9.2 per cent in US terms and 38.7 per cent year-on-year in revenue growth at Rs 1,491.7 crore. It also managed to take its
These players have not only outdone the large companies on revenue growth in the December quarter but also have managed the supply-side constraints, which otherwise have impacted the margin performance of tier-1 firms.
For instance, Pune-based Persistent Systems reported sequential revenue growth of 9.2 per cent in US terms and 38.7 per cent year-on-year in revenue growth at Rs 1,491.7 crore. It also managed to take its
