New Delhi, May 7 -- Smaller information technology (IT) services companies earning $1-5 billion in revenue outgrew the Big Four by more than three times in FY25, a performance they may repeat in the year ahead, multiple analysts tracking the sector said. Better execution skills and skilful navigation of the GenAI disruption have helped the mid-cap IT companies eat into the business of their larger rivals.

Coforge, Persistent Systems and Hexaware Technologies Ltd reported revenue growth of 31.5%, 18.8%, and 13.7%, respectively in the last fiscal year. To be sure, Hexaware follows a January-December financial year while other homegrown IT services companies follow an April-March financial calendar. Meanwhile, Tata Consultancy Services Ltd,...