New Delhi, Jan. 16 -- Wipro and Tech Mahindra, which have trailed both larger and smaller peers in recent years, outperformed India's two largest information technology (IT) services firms Tata Consultancy Services (TCS) and Infosys in both revenue growth and profitability during a seasonally-weak third quarter.

Wipro ended the October-December 2025 period with $2.64 billion in revenue, up 1.19% sequentially and 0.24% from a year ago. More than three-fifths of its incremental revenue came from banks, which make up a little more than a third of its business.

On the other hand, Tech Mahindra reported a third-quarter revenue of $1.61 billion, up 1.5% sequentially, and 2.74% on a yearly basis. This was its best third-quarter performance in ...