New Delhi, July 25 -- Coforge Ltd and Persistent Systems Ltd grew faster than their larger peers in the June quarter that was marked by macroeconomic turbulence and demand uncertainty, but each one is grappling with issues of its own.
Eighth-largest IT services firm Coforge reported $442 million in revenue in the first quarter, up 9.6% sequentially, whereas ninth-largest Persistent Systems reported $389.7 million, up 3.9% from the preceding three months. Sixth-largest LTIMindtree Ltd was the slowest among the mid-caps, reporting a 1.97% increase in revenue to $1.15 billion.
In contrast, three of the largest homegrown information technology (IT) outsourcers including Infosys Ltd, HCL Technologies Ltd, and Tech Mahindra Ltd reported reven...
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