India's mid-tier IT firms gain market share from industry giants due to client cost-cutting amid economic uncertainty.

India's mid-tier IT firms, such as LTIMindtree, Coforge, Mphasis, and Persistent Systems, have gained market share from industry giants like Tata Consultancy Services and Infosys, as clients trim discretionary spending amid inflationary pressures and economic uncertainty. Focusing on short-term deals to help clients cut costs, these smaller companies have outperformed in a slowing demand environment.

May 22, 2024
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