Mid-sized IT Firms

The IT sector is on the cusp of a mild but possibly sustained recovery in client spending, and the impending rate cut cycle should add to the sector tailwinds, according to MOFSL.

Our analysis of 13 CEO changes over the past decade shows that midsized IT firms outperform on growth/profitability after a CEO change more often than large IT firms, it added

The total Contract Value of new deals won during Q4 FY23 stands at $423 million

In the quarter ended June, these companies have outperformed top-5 IT services players in the country on revenue and profit metrics

The net profit for the quarter ended June 2020 (Q1FY21) rose 17.1 per cent year-on-year to Rs 416.4 crore on account of lower operating expenses.

Industry observers said the high level of virtualisation across most sectors has led to increased demand for various IT services.

More than half the entire hiring in FY18 done only in a single quarter of FY19