Indian IT sector sees new growth drivers in mid-tier firms

Infosys has revised downward its growth forecast for 2017-18 by 200 basis points

Ayan Pramanik  |  Bengaluru 

The information technology (IT) services sector is seeing emerging growth leaders among midsize companies, such as L&T Infotech, Hexaware Technologies and Cyient. These, say analysts, are among those reporting higher growth than larger peers.

Large companies such as Tata Consultancy Services (TCS), Infosys, Wipro and HCL have seen mid to high single-digit growth in the past few quarters; these mid-tier IT service providers have seen double-digit growth. Buoyed by this strong growth in the first two quarters of this financial year, Hexaware has raised its dollar revenue ...

First Published: Tue, November 14 2017. 00:41 IST