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How CEO Stability is Paying Off for Mid-Size Indian IT
- Mid-size Indian IT firms are outperforming larger firms due to CEO stability and experience.
- CEOs of mid-sized firms like Persistent Systems, Hexaware, Mphasis, and Coforge have been driving growth with deep leadership experience.
- In contrast, bigger IT giants such as TCS, Infosys, and Wipro, with new CEOs, have seen slimmer order books and slower growth.
- Smaller firms are embracing change faster and showing quicker revenue surges compared to larger counterparts.
- Coforge's CEO Sudhir Singh led the company to significant growth, securing a $1.56 billion deal with Sabre.
- Persistent Systems' CEO Sandeep Kalra's strategy of focusing on regulated verticals led to continuous revenue growth, aiming for $2 billion annual revenue by FY27.
- Hexaware's AI-driven approach, under CEO Srikrishna Ramakarthikeyan, facilitated revenue growth, with three clients contributing over $75 million each.
- Mphasis, under CEO Nitin Rakesh, reported a strong quarter with revenue and deal wins driven by AI-led initiatives.
- Mid-size firm CEOs with stable leadership have shown success in securing deals and order bookings, while larger companies are still navigating challenges.
- While big IT companies are yet to fully capitalize on areas like GenAI, mid-size firms are demonstrating hunger and focus in closing new deals.
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