New Delhi, April 30 -- Persistent Systems Ltd got more revenue than Hexaware Technologies Ltd in the January-March 2025 period, making it the country's ninth-largest information technology (IT) services company. This marks the fourth instance of a change in the pecking order of the country's $283 billion IT industry in a year.

The big four-Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd andWipro Ltd-accounted for 26% of the country's IT industry. Tech Mahindra Ltd and LTIMindtree Ltd are the fifth and sixth-largest IT outsourcers, followed byMphasis Ltd andCoforge Ltd.

For the three months ended March 2025, Persistent Systems recorded a 4.16% jump in revenue to $375.2 billion. During this time, Hexaware, relisted on the...