Mphasis, Coforge shine in strong Q2 for IT midcaps while Sonata faces seasonal headwinds

Mid-sized IT firms delivered mixed Q2 results amid macro headwinds, with Mphasis and Coforge posting strong growth while Sonata faced seasonal pressures.

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Mphasis Ltd capped a strong outing in the second quarter for India’s mid-sized tech services companies, which were undeterred by an uncertain demand environment and cautious client spending.

About the Author

Jas Bardia is a Bengaluru-based business journalist covering India’s information technology (IT) services sector and Global Capability Centres (GCCs). Known for his investigative depth and attention to detail, Jas has a knack for breaking stories on leadership shifts, high-stakes deals, and evolving industry trends long before they hit the mainstream. If the news is anything IT-related, chances are this author has broken it.

Before joining Mint in November 2023, Jas honed his financial reporting skills at Bloomberg News in Mumbai, where he covered bonds and currencies following his graduation from the Asian College of Journalism. When he isn’t chasing his next exclusive, Jas is likely scouting the city’s newest culinary spots, cool events, or is immersed in the electric atmosphere of a Bengaluru FC match at the Sree Kanteerava Stadium. Jas has an eye for detail, an ear for history, and a weakness for a great cologne, and values a good conversation as much as a good lead.

If you want to talk about your favourite war movie, funny drunk stories, or a supposed “scam”/wrongdoing in a company, get in touch with him at jas.bardia@livemint.com.

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