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Mid-cap IT companies fare better than large peers in Q4

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MUMBAI: Small and mid-cap IT companies have posted better results in the March quarter compared with the top five names in the industry -- Infosys, Tata Consultancy Services, Wipro, Tech Mahindra and HCL Technologies.

Earnings data cited by analysts indicated that mid-cap companies have performed better as they managed supply-side constraints, pricing and payment better than their larger peers.

According to Mint analysis of 24 technology companies that have announced earnings so far, net sales grew at 7%, a sharp decline from 18.42% in same quarter last year.

Adjusted net profit growth (after one time loss or profit) was at 1.11% in Q4 from 16.38% in March quarter last fiscal. However, tier II technology companies have delivered a

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United States
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Deaths: 750 423
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India
India
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Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
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United Kingdom
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Detail statistic
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