Two of the country’s mid-sized information technology (IT) services companies, LTIMindtree Ltd and Persistent Systems Ltd, beat analyst expectations, mirroring the performance of the big five IT services companies during the October-December 2025 quarter. However, both LTIMindtree and Persistent Systems have guided for much faster growth in the current January-March 2026 period, in contrast to the caution outlined by their larger peers. The country’s ninth-largest information technology (IT) services company ended October-December 2025 with $422.5 million in revenue, up 4.01% sequentially and 17.3% on a yearly basis. On the other hand, larger peer LTIMindtree ended last quarter with $1.2 billion, up 2.4% on a quarterly basis and 6.1% from a year ago. Unlike Persistent, three-fourths of its growth was led by manufacturing companies, which make up a fifth of its total business.

Source: Mint January 21, 2026 13:44 UTC