November 2026
Largest IT Consulting Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Palantir, IBM, Accenture, Tata Consultancy Services and Infosys.
 | Palantir is an artificial intelligence, analytics, and automated decision-making company that leverages data to drive efficiency across its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. Palantir works only with entities in Western-allied nations and reserves the right not to work with anyone that is antithetical to Western values. The company was founded in 2003 and went public in 2020. | $169 | +0% | $408B | $397B | 88.8x | 273.3x | ||
| IBM (International Business Machines) is an American technology company headquartered in Armonk, New York, and operating in more than 175 countries. It sells hybrid-cloud and AI software, including Red Hat and the watsonx portfolio, IT consulting services, and infrastructure hardware such as IBM Z mainframes. Its customers are mainly large enterprises and governments, and it earns revenue from software subscriptions and licences, consulting and managed-services contracts, and hardware sales and financing. In 2025 IBM reported revenue of $67.5 billion, up 8%, with software up 11%, consulting up 2% and infrastructure up 12%, and free cash flow of $14.7 billion. The company was founded in 1911 as the Computing-Tabulating-Recording Company and renamed International Business Machines in 1924; it dominated mainframe computing with the System/360 and launched the IBM Personal Computer in 1981 before selling its PC division to Lenovo in 2005. More recently it bought Red Hat for $34 billion in 2019, spun off its managed infrastructure services unit as Kyndryl in 2021, and in December 2025 agreed to acquire data-streaming company Confluent for about $11 billion. Arvind Krishna is chairman and chief executive. | $246 | -20% | $233B | $289B | 4.3x | 17.4x | ||
| Accenture is a professional services company that provides management consulting, technology consulting, systems integration and outsourcing services to corporations and governments. It was formed in 1989 as the consulting arm of Arthur Andersen, operated as Andersen Consulting until 2000, and is incorporated in Ireland with its head office in Dublin. The company organises its work around strategy and consulting, technology and operations services, and industry-specific practices spanning banking, insurance, health, public service, communications, energy, retail and software. It earns fees from multi-year managed services and outsourcing contracts as well as project-based consulting and implementation work for large enterprise clients. Accenture is a serial acquirer of small and mid-sized specialist firms in cloud, data and artificial intelligence, cybersecurity, digital engineering, marketing and design, and it adds capability in new geographies the same way. It also invests in early-stage and growth technology companies through its corporate venture arm, Accenture Ventures, and holds majority and minority stakes in joint ventures such as Avanade. Its shares are listed on the New York Stock Exchange. | $254 | +1% | $150B | $153B | 2.1x | 12.2x | ||
 | Tata Consultancy Services is a leading global IT services provider based in Mumbai, India. Founded in 1968, it is one of the first companies to leverage a global delivery model that helps clients outsource their IT needs to offshore labor. The company boasts a wide range of offerings, including IT consulting, managed services, and business process outsourcing. | $26 | -25% | $95B | $91B | 3.2x | 12.4x | ||
| Infosys is an IT services provider based in Bengaluru, India, with offices in more than 50 countries. The company leverages its offshore outsourcing model to serve clients across different industries, such as financial services and manufacturing. Infosys’ IT services offerings include consulting, digital transformation, and business process outsourcing. | $12 | -30% | $50B | $46B | 2.3x | 9.7x | ||
| HCL Technologies Ltd provides enterprises with IT solutions. It focuses on offering Digital, Internet of Things, Cloud, Automation, Cybersecurity, Infrastructure Management, and Engineering services to solve business problems for clients. It offers solutions to a variety of industries, including Financial Services, Public Services, Consumer Services, Healthcare, and Manufacturing. It operates in three segments: IT and Business Services, Engineering and R&D Services, and HCL Software. The firm emphasizes consultation services for firms, intending to offer them digital and design solutions. The majority of the firm's revenue comes from the IT and Business Services segment. Geographically, it derives maximum revenue from the USA, and the rest from Europe, India, and the Rest of the world. | $15 | -18% | $41B | $38B | 2.8x | 14.0x | ||
 | NEC Corp is engaged in IT services, networks, social infrastructure, and solutions. The company operates through three segments: IT Services, Social Infrastructure, and Others. The IT Services segment provides system integration, consulting, maintenance, outsourcing, cloud services, system equipment, and software services. The Social Infrastructure segment offers network infrastructure, including core networks, mobile base stations, optical transmission systems, and marine systems, along with telecom software, OSS/BSS solutions, aerospace and defense system integration, and maintenance. The Others segment covers the development, manufacturing, and sales of system equipment. It generates the majority of its revenue from the IT Services segment. | $28 | -25% | $38B | $40B | 1.8x | 12.2x | ||
| Fujitsu Ltd delivers total solutions in the field of information and communication technology. The company provides solutions/system integration services focused on information system consulting and construction, and infrastructure services centered on outsourcing services. The company operates in three segments. The Hardware Solution segment covers system products such as servers, storage systems, and network equipment, including mobile base stations and optical transmission systems. Service Solution consists of global services centered on Fujitsu Uvance, along with Japan and overseas region-specific businesses. Ubiquitous Solution focuses on client computing devices such as personal computers. It generates the majority of its revenue from the Service Solution segment. | $22 | -18% | $37B | $36B | 1.6x | 10.5x | ||
| Cognizant Technology Solutions is a multinational IT services provider that offers a range of consulting and business process outsourcing services. Originally founded in India, the company is headquartered in the US and serves enterprise customers spanning the financial services, healthcare, and resources industries. With most of its workforce located in India, Cognizant leverages a global delivery model that helps clients outsource their IT needs to offshore labor. | $64 | -18% | $28B | $29B | 1.4x | 7.3x | ||
 | Capgemini is a French IT services company with a global presence. The firm has over 450 offices globally, with more than half of its employees based in India. Capgemini provides services related to IT consulting, software application and technology services, infrastructure management, engineering research and development, and business process outsourcing. | $142 | -9% | $23B | $32B | 1.3x | 9.8x | ||
| NRI was formed in 1988 through the merger of the original Nomura Research Institute and Nomura Computer Systems. Its core financial IT solutions segment (roughly half of revenue) acts as a de facto utility for Japan’s capital markets, running shared back-office platforms for major brokerages and banks. The industrial IT solutions segment builds supply chain and enterprise resource planning systems for retailers and manufacturers. These are supported by IT platform services (data centers) and a consulting business that originates digital transformation projects. Nomura Holdings, the parent of Nomura Securities, remains NRI’s largest shareholder with a 20% stake. | $38 | -4% | $21B | $22B | 4.2x | 31.2x | ||
| Wipro is a multinational IT services provider based in Bengaluru, India. The company pivoted into the IT space in the 1980s and grew into one of the largest Indian IT consulting companies during the dot-com boom. Nowadays, Wipro leverages its offshore outsourcing model to derive a significant portion of its revenue from North America and Europe. | $2 | -24% | $21B | $19B | 1.9x | 9.6x | ||
| CDW Corp is a multi-brand provider of information technology (IT) solutions to businesses, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. The company's offerings range from hardware and software products to integrated IT solutions and services, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. Its reportable segments are Corporate, Small Business, Public, and Other. The Corporate and Small Business segments serve US private sector business customers, while the Public segment consists of government agencies and education and healthcare institutions in the US. The Corporate segment generates the majority of its revenue in the United States. | $165 | +14% | $21B | $26B | 1.2x | 13.5x | ||
 | PT DCI Indonesia Tbk is a data center provider in Indonesia. It provides reliable, well networked, and well-managed cloud and carrier-neutral data center infrastructure services in Indonesia. The company operates in two segments: Colocation services and Others. The services offered by the company include Colocation, Cross Connect, Flexspace, Smarthands, CloudConnect, and DCI Internet Exchange. | $8 | -43% | $19B | $19B | 139.0x | 227.9x | ||
| Tech Mahindra Ltd is an IT services and consulting company in India. It offers a variety of technology solutions and services in addition to business process services. Its segments are Information Technology and Business Process Services. The technology solutions include helping companies engage in cloud software, mobile solutions, network services, cybersecurity, and a variety of other options. The business process service is offered across various industries including telecom, financial services, retail, energy, hospitality, high-tech, agriculture, and food beverage. The company generates the majority of its revenue from Communications & Media & Entertainment Industry. Geographically the company generates the majority of its revenue from the Americas. | $19 | +13% | $19B | $18B | 3.0x | 19.7x | ||
| TD Synnex Corp is a distributor and solutions aggregator for the IT ecosystem. The company aggregates and distributes IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and data center infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. Its geographical segments include the Americas, Europe, and APJ. | $228 | +47% | $18B | $23B | ||||
| Obic is one of Japan’s largest enterprise resource planning service providers with a dominant share of the Japanese midsize corporate market. Obic has three main business lines: system integration, system support, and office automation, and, thus, offers one-stop construction and operation of information systems centered on its proprietary ERP suite. The company, which has a 57-year history, reported fiscal March 2025 revenue of JPY 121.2 billion, with system integration contributing 41.5%, system support 52%, and office automation 6.5%. | $41 | +26% | $17B | $16B | ||||
 | CGI is a Montreal-headquartered global information-technology and business-consulting company. It provides systems integration, managed services, application development, business consulting and technology outsourcing across industries. The group serves government agencies and large commercial clients in financial services, healthcare, communications, manufacturing and other sectors. Revenue comes from consulting projects, managed-service contracts, software and long-term outsourcing arrangements. Founded in 1976, CGI expanded internationally through organic growth and numerous acquisitions of technology-service providers. Its operating model combines local client relationships with global delivery centers and long-duration service contracts. CGI Group acquired Pangaea Systems after shareholders approved the offer on 21 February 2006. That transaction transferred the Saskatchewan software company to a strategic technology-services buyer and ended Investment Saskatchewan’s equity holding. | $83 | -8% | $17B | $20B | ||||
| Leidos Holdings Inc is a technology, engineering, and science company that provides services and solutions in the defense, intelligence, civil, and health management, both domestically and internationally. The customers of the company includes the U.S. Department of Defense ("DoD"), the U.S. Intelligence Community, the U.S. Department of Homeland Security ("DHS"), the Federal Aviation Administration ("FAA"), the Department of Veterans Affairs ("VA"), and many other U.S. civilian, state and local government agencies, etc. The company is engaged in four reportable segments; National Security & Digital, Health & Civil, Commercial & International and Defense Systems. It provides a wide array of scientific, engineering and technical services and solutions across these reportable segments. | $136 | -29% | $17B | $23B | ||||
| Fidelity National Information Services provides core processing and ancillary services to banks, but its business has expanded over time. By acquiring SunGard in 2015, the company now provides record-keeping and other services to investment firms. With the acquisition of Worldpay in 2019, FIS was providing payment processing services for merchants and holding leading positions in the United States and United Kingdom. But the company sold off a majority interest in Worldpay and now has only a minority stake. | $28 | -57% | $15B | $35B | ||||
| CACI International Inc is a provider of differentiated Technology and distinctive Expertise to customers in support of national security in the intelligence, defense, and federal civilian sectors, both domestically and internationally. The demand for its Technology and Expertise is largely driven by the evolving national security and geopolitical environment, increasingly complex network, systems, and information environments in which governments and businesses operate. The Company has two segments: Domestic Operations, which generates maximum revenue and provides Technology and Expertise mainly to the U.S. federal government, and International Operations, which provides Technology and Expertise mainly to international government and commercial customers. | $640 | +4% | $14B | $19B | ||||
| LTIMindtree Ltd is a world-wide technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. The company's segment includes Banking, Financial Services and Insurance; Technology, Media & Communications; Manufacturing and Resources; Consumer Business; and Healthcare, Life sciences & Public Services. It derives maximum revenue from Banking, Financial Services and Insurance segment. Geographically, the company operates in North America, Europe, and Rest of the World. | $46 | -33% | $14B | $12B | ||||
 | Samsung SDS Co Ltd is a Korean company which provides software solutions and information technology (IT) services. The company operates two reportable segments: Information Technology (IT) Services and Logistical Services. The IT Services segment delivers cloud services, system integration, and IT outsourcing based on the company’s technology capabilities. The Logistical Services segment provides end-to-end international logistics through its Cello and Cello Square platforms, covering international and inland transportation, logistics center operations, and project logistics. | $160 | +39% | $12B | $8.4B | ||||
 | ELM Co is engaged in providing ready-made and customized digital solutions in many areas. Its ready-made solutions serve a broad segment of customers, who can subscribe to different packages of their choosing to meet their needs and suffice business requirements. The services offered by the company include Consulting, Data Analysis and Technical solutions. The segments are Digital Business, Business Process Outsourcing and Professional Services, out of which the majority are from the Digital Business segment. | $157 | -23% | $12B | $12B | ||||
 | Indra Sistemas SA is a Spain-based provider of information technology offerings for finance, insurance, public administration, airports, defense, healthcare, media, telecom, security, energy, and infrastructure end markets. Its product capabilities include analytics, cloud computing, enterprise resource planning, networks and communications, electoral processes, bus technology, subway technology, and sustainability solutions. The firm generates revenue in Europe, Africa, the Middle East, the Americas, and Asia-Pacific. | $66 | +24% | $12B | $11B | ||||
| Persistent Systems Ltd is an India-based provider of software solutions organized in three segments based on the end market: Software, Hi-Tech, and Emerging Industries; Banking, Financial Services and Insurance; and Healthcare & Life Sciences. Its solutions include cloud life cycle management, Internet of Things, unified endpoint management, endpoint detection and response, and Big Data analytics. The firm also offers product engineering services, platform-based cloud solutions, and Internet Protocol-based products. The majority of the firm's revenue gets derived from the Software, Hi-Tech, and Emerging Industries segments. | $64 | -10% | $11B | $10B | ||||
 | Unisplendour Corp Ltd is engaged in cloud computing infrastructure construction and industry smart application services. The company operates through three segments. The Digital Business segment focuses on services such as digital platforms, smart computing, smart storage, cloud computing, and services, as well as active security and related fields. The Distribution Business segment involves the sale of IT products, including switches, routers, wireless devices, and 5G-related equipment. The Others segment covers areas like digital solutions, high-level planning, software development, system integration, and maintenance management. | $4 | +5% | $11B | $15B | ||||
| Coforge Ltd provides a variety of information technology services. The firm's services include infrastructure management, business processes outsourcing, application and network testing, systems integration, IP asset-based solutions, application development and maintenance, managed services, cloud computing, and digital services, among others. The company's customers typically operate in the travel and transportation, banking and financial services, insurance, manufacturing, and media industries. The geographical segments of the company include the Americas, India, Europe, Middle East and Africa, and Asia Pacific. It generates maximum revenue from the Americas. | $22 | +2% | $9.7B | $10B | ||||
| Otsuka is Japan’s leading one-stop provider of IT solutions and office supplies, primarily targeting small and midsize enterprises. The System Integration business sells and integrates everything from PCs and servers to the proprietary “Smile” ERP system. This is complemented by the Service & Support business, featuring the “Tanomail” office-supply mail-order service and “Tayoreru” maintenance contracts. Operating through a dense nationwide network, Otsuka functions as the outsourced IT department for companies that lack one, providing a single, trusted point of contact for all technology and office needs. | $24 | +19% | $8.9B | $7.7B | ||||
| CSG Digital Power Grid Research Institute Co Ltd provides comprehensive solutions for digital construction for customers in power and energy industries. Its services include digital technology services, standardized services, engineering and technology research and experimental development, software development, integrated circuit chip design and service, integrated circuit chip and product manufacturing, electronic component manufacturing, technical services, technology development, technical consulting, technology exchanges, technology transfers, and technology promotion. | $3 | -27% | $8.5B | $8B | ||||
| EPAM Systems is a global IT services firm with a focus on platform engineering, software development, and consulting services. The company used to host large engineer bases in Ukraine, Belarus, and Russia, but it now delivers from various locations across different continents. EPAM’s largest market is North America, which represents approximately 60% of revenue. | $157 | -16% | $8B | $7.2B | ||||
| ExlService Holdings Inc. is a data analytics and digital operations company that provides data and AI-led solutions and technology-enabled services to clients across industries. The company has four reportable segments. The Insurance segment provides services such as claims management, underwriting support, and analytics solutions. The Healthcare and Life Sciences segment offers data-driven solutions and services to healthcare payers, providers, and life sciences organizations. The Banking, Capital Markets and Diversified Industries segment delivers solutions across financial services and other industries. The International Growth Markets segment focuses on providing data, AI, and digital operations services to clients outside North America. | $43 | +9% | $6.5B | $6.8B | ||||
 | Computacenter PLC is an IT infrastructure services provider that advises organizations on IT plans and manages customer infrastructure. The company offers user support, devices, applications, and data to support the customers through consulting, and the implementation and operation of networks and data center infrastructures on or off customers' premises. The company's segments include the U.K., Germany, Western Europe, North America, and International, with Germany accounting for the majority of revenue. | $62 | +57% | $6.5B | $6.3B | ||||
| Science Applications International Corp provides technical, engineering, and enterprise IT services mainly to the U.S. government. Specifically, it offers end-to-end solutions spanning the design, development, integration, deployment, management and operations, sustainment, and security of the customer’s entire IT infrastructure. The company has two reportable segments which include Defense and Intelligence and the Civilian segment. Maximum revenue is generated from its Defense and Intelligence segment, which provides a diverse portfolio of national security solutions to the Department of Defence (DoD) and the Intelligence Community of the United States Government. The Civilian segment provides solutions to the civilian markets, encompassing federal, state, and local governments. | $151 | +72% | $6.3B | $8.9B | ||||
| Ingram Micro Holding Corp is a technology company for the global information technology ecosystem. The company plays a vital role in the IT sales channel, bringing products and services from technology manufacturers and cloud providers to business-to-business technology experts. The company also provide a broad range of technology services, including financing, specialized marketing, and lifecycle management, as well as technical pre- and post-sales professional support. | $26 | +22% | $6B | $9.3B | ||||
| Arabian Internet and Communications Services Co is an information and communication company. The company's revenue mainly comprises of Core ICT Services, IT Managed and Operational Services, and Digital Services. It derives the majority of its revenue from Core ICT Services. | $24 | -60% | $5.8B | $5.8B | ||||
| TIS Inc is a Japan-based company engaged in providing information technology (IT) related services. The company operates through five segments. The BPM segment delivers process improvement and outsourcing solutions using IT, business expertise, and human resources. The Financial IT and Industrial IT segments develop and promote business and IT strategies tailored to the financial sector and other industries, respectively. The Offering Service segment provides knowledge-based IT services built on the Group’s expertise and investments. The Wide Area IT Solution segment offers professional IT services across regions and customer sites to support problem-solving and business growth. The Others segment covers various IT services outside the core reporting categories. | $27 | -17% | $5.6B | $5.5B | ||||
| LG CNS Co Ltd core business, operated through subsidiaries and affiliates, focuses on IT services across three primary segments: Digital Business Services (SI/SM), Cloud & AI, and Smart Engineering. Digital Business Services (SI/SM): Provides end-to-end system integration, management, and consulting services. The business leverages expertise in AI, big data, and cloud technologies to deliver and maintain IT solutions. Cloud & AI: Offers comprehensive cloud consulting, migration, managed services (MSP), and application modernization (AM). Smart Engineering: Focuses on driving digital transformation (DX) in manufacturing, logistics, and urban systems. The company generates the majority of its revenue from Cloud & AI services. | $57 | +45% | $5.5B | $4.8B | ||||
| Aditya Infotech Ltd offers video security and surveillance products, technologies, and solutions for enterprise and consumer segments under its ‘CP PLUS’ brand. The firm also offers solutions and services such as fully integrated security systems and Security-as-a-Service directly and through its distribution network, which address the requirements of end-customers engaged in a broad range of sectors such as banking, insurance, real estate, healthcare, industrial, defence, education, hospitality, manufacturing, retail, and law enforcement. The company generates almost all of its revenue from the sale of security and surveillance equipment and components. | $45 | +162% | $5.5B | $5.4B | ||||
 | NextDC operates 17 data centers in Australian cities with a focus on co-location and interconnection between enterprises, global cloud, and ICT providers and telecommunication networks. It has another two data centers in Asia and 13 data centers in development or planning stage in Australia, Asia, and New Zealand. NextDC provides physical space, cooling, power, and security services and offers optional technical and project management support. The company’s tenants store their servers within the data center and can connect to each other, to and between global public cloud providers and telecommunication network providers via physical and virtual connections. Co-location services allow enterprises to enhance the security of data transmission and reduce latency. | $7 | -17% | $5.5B | $7.2B | ||||
| Hyundai Autoever Corp is a South Korea based company involved in providing information technology related services in the the automotive sector. It provides Cloud services for part suppliers, Digital Marketing, Mobility services, ICT R&D for smart automobiles and Dealer Management services. The other services of the company include Smart factory, Smart SOC, Smart Security and E-governance among others. | $199 | +44% | $5.5B | $5.1B | ||||
| Parsons Corp is a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is a high-end service and technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects, whereas the Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure around the globe. The company derives maximum revenue from Federal Solutions segment. Geographically, the company derives revenue from North America; Middle East; and Rest of the World, of which North America derives maximum revenue. | $51 | -39% | $5.4B | $6.8B | ||||
 | Reply is an Italian consulting, systems integration and digital services group headquartered in Turin. It is listed on Borsa Italiana, in the FTSE Italia Mid Cap and STAR indices, and is chaired by co-founder Mario Rizzante. The group operates as a network of specialised companies that design and implement solutions in artificial intelligence, big data, cloud computing, Internet of Things and cybersecurity. Founders of acquired companies join the group with the role of Partner Reply and keep developing their businesses inside it. Reply reported revenue of EUR 2.295 billion and net profit of EUR 211 million for 2024 and employed 15,660 people. It has grown through acquisitions in Germany, France, the United States and other markets, and has also invested in early-stage technology start-ups. | $146 | +10% | $5.3B | $4.9B | ||||
| iSoftstone Information Technology (Group) Co Ltd is engaged in providing end-to-end software and digital technology services and digital operations services. | $5 | -26% | $5.1B | $5.8B | ||||
| Applied Digital Corp is a U.S. based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (HPC) workloads, including artificial intelligence (AI), machine learning, and other accelerated-compute applications. It design, build, and operate high-performance, sustainably engineered data centers which it refer to as AI factories and deliver that capacity to investment-grade hyper scalers and other compute customers under long-term lease and hosting arrangements. The company has two segments Data Center Hosting Business, and HPC Hosting Business. The company generates majority of revenue from Data Center Hosting Business segment. Its solutions are Digital Infrastructure, and AI Factories. | $17 | -38% | $5.1B | $11B | ||||
| Mphasis Ltd is an IT solutions provider which offers application development and integration, business process outsourcing, and infrastructure services such as architecture guidance. The company was formed after the merger of the U.S.-based IT consulting company Mphasis and the Indian IT services company BFL Software. Mphasis serves clients in the financial services, healthcare, telecom, retail, logistics, and technology industries. Mphasis operates in India, Americas, EMEA, and Rest of the world. The company operates through its business segments: banking and financial services, insurance, technology media and telecom, logistics and transportation, and others. It derives maximum revenue from banking and financial services. | $26 | -17% | $5B | $5.1B | ||||
| OBIC Business Consultants Co Ltd Is engaged in providing services such as maintenance and introduction guidance for development and sales of products of business solution technology, and IT solution technology. The company focuses on medium-sized enterprises and, medium and small-sized companies. | $65 | +16% | $4.9B | $4.1B | ||||
| Shanghai Stonehill Technology Co Ltd formerly Shanghai 2345 Network Holding Group Co Ltd is a China-based company. It is engaged in the provision of Internet information services and software outsourcing services. The company operates its businesses through five segments namely Software Outsourcing Services, System Integration, Search Engine Shunt Businesses, Website Promotion and Marketing Businesses. | $1 | -14% | $4.8B | $3.8B | ||||
 | Asseco Poland SA is a Poland-based information technology (IT) company, which is engaged in the development of software for companies from different sectors of the economy. It also provides enterprise resource planning solutions and services to micro, small, and mid-sized companies, as well as large enterprises, and business intelligence software and services. The company's operating segments include the Asseco Poland segment, the Asseco International segment, and the Formula Systems segment. It generates the majority of its revenue from the Formula Systems segment. | $59 | +12% | $4.8B | $5.7B | ||||
| L&T Technology Services Ltd is a provider of engineering and research services in connection to embedded systems and other engineering support services. The company's operating segments include Mobility, Sustainability and Tech. It derives the majority of its revenue from the Tech segment. Geographically, it derives a majority of its revenue from North America. | $45 | -10% | $4.7B | $4.4B | ||||
| Insight Enterprises Inc is a Fortune IT provider engaged in helping businesses of all sizes, large enterprises, government agencies, schools, and healthcare organizations. The company has three geographic operating segments: North America, EMEA, and APAC. It generates maximum revenue from the North America segment. The company provides digital workplace, cloud/data center transformation, IT modernization, Cyber Security and supply chain optimization solutions and services. | $164 | +89% | $4.7B | $6.1B | ||||
 | Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company's customers are mainly in the industrial, trade, financial, and public sectors. Bechtle operates through two segments: IT System House and Managed Services, and IT E-commerce. The IT System House and Managed Services segment consist of IT strategy consulting, hardware and software sales, project planning and roll-out, system integrations, IT services and training, and client management, among others. The IT E-commerce segment includes e-procurement services, software solutions, and product marketing through the Internet and telemarketing. | $37 | -27% | $4.7B | $5.1B | ||||
| NS Solutions Corp is a Japan-based provider of information technology solutions. The firm's operations are organized in two segments: business solutions and service solutions. Business solutions includes products geared toward manufacturing, retail, service, financial services, and government- and public-sector end markets. Services solutions relates to the firm's offerings in the cloud. The firm generates revenue in Japan and the rest of the Asia-Pacific region, the United States, Europe, and other parts of the world. | $25 | +1% | $4.5B | $3.9B | ||||
| Softcat PLC is an information technology infrastructure and service provider offering software licensing, workplace technology, networking and security, and cloud and data center solutions to corporates, public sector organizations, and small to medium-sized businesses, with the latter being the main business provider. It earns revenue from software, hardware, and services, including its own services, with the majority derived from software products. Its solutions include Workspace, Cyber Security, Networking and Connectivity, Data, Automation and AI, and Hybrid Cloud Solutions. The company serves Small to Medium Businesses, Enterprise, Multinational Services, and the Public Sector including healthcare, education, government, defence, police, and emergency services. | $21 | +10% | $4.5B | $4.3B | ||||
| GDS Holdings started as an IT service provider in 2001, then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates, and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China, and it has also started expanding into Southeast Asia via the now 23% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020. | $3 | -34% | $4.5B | $9.9B | ||||
| Internet Initiative Japan Inc is a provider of a variety of services including Internet access, outsourcing, and systems integration. The Company defined two reportable segments: Network service and systems integration business and ATM operation business. Its Internet access services span dial-up, mobile, and broadband technologies. Its outsourcing services include cloud, content delivery, data center, and security services. The ATM operation business constructs and operates ATMs and network systems and receives a commission for each bank withdrawal transaction when a customer uses its serviced ATMs. The firm generates nearly all its revenue in Japan. | $24 | +32% | $4.3B | $4.3B | ||||
| Sopra Steria is a French IT services company operating across Europe. Just over one-third of its employees are based in France, where the group generates around half of its revenue. Sopra Steria’s primary business is systems integration, which accounts for around 60% of the group’s revenue. Other services offered include business process outsourcing, hybrid cloud, technology services, and consulting. | $220 | +44% | $4.3B | $5.6B | ||||
| China National Software & Service Co Ltd is a software company specializing in providing high-quality firmware, enterprise information systems software, and a broad portfolio of other IT and software development services. | $4 | -30% | $4.2B | $4.3B | ||||
 | FPT Corp provides IT and telecommunication products and services. The main products and services include Software development including software outsourcing, provision of software package and solutions, software services and ERP services; (ii) Information technology services including digital transformation consulting and IT consulting, system management, BPO service, data center service, cloud computing service, and service based on new technologies such as artificial intelligence, automation; (iii) System integration; (iv) Telecommunication services including internet services, pay television and value added services; (v) Digital content services including online advertising; and (vi) Education services at primary, high school, college, university and postgraduate levels. | $2 | -46% | $3.7B | $3.3B | ||||
| Kyndryl Holdings Inc is a technology services and infrastructure services provider company. It provides advisory, implementation, and managed services across a range of technology domains to help customers manage and modernize enterprise IT environments in support of their business and transformation objectives. The company's reportable segments consist of the following: Principal Markets which represents its operations in operations in Australia / New Zealand, Canada, France, Germany, India, Italy, Spain, Portugal, and the United Kingdom / Ireland, United States, Japan, and Strategic Markets. It derives maximum revenue from the United States. | $17 | -35% | $3.7B | $7B | ||||
| TravelSky Technology Ltd provides information technology solutions for aviation and travel companies in China. The company develops commercial airlines, airports, air travel products, and is a services supplier to travel agencies, corporate clients, travelers, and cargo shippers--to conduct electronic transactions and manage travel-related information. The core businesses of the company include aviation information technology services, distribution of information technology services, and clearing & accounting & settlement services for the aviation industry. Aviation information technology service revenue contributes approximately half the company's total revenue. | $1 | -10% | $3.5B | $1.5B | ||||
| Dentsu Soken Inc provides a range of information technology, or IT, and consulting services. The company organizes itself into four segments based on service type. The financial solutions segment, which generates more revenue than any other segment, builds algorithmic trading systems and provides cash management, banking, and corporate finance services. The manufacturing solutions segment provides IT solutions for the entire product lifecycle, from product development and production, to sales and maintenance in the manufacturing industry. The communication IT solutions segment provides e-commerce and customer relationship management services. The business solutions segment provides consulting and IT services. | $18 | +8% | $3.5B | $3.5B | ||||
| Alten is an engineering and technology consulting firm. The company provides design and research projects for the technical and information systems divisions of corporate clients in the industrial, telecommunications, and service sectors. Alten’s business consists of three operating segments: engineering and technology consulting; telecoms and networks; and information systems. The engineering and technology consulting segment contributes the majority of group revenue. Alten generates approximately half of its revenue in France with most of the balance derived in other European countries. | $98 | +25% | $3.3B | $3.3B | ||||
| Hexaware Technologies Ltd is a digital and technology services company with artificial intelligence. The segments of the company are based on the industries served: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, technology and Professional Services, Banking, and Travel and Transportation. | $5 | -37% | $3.2B | $3.1B | ||||
| Digital China Group Co Ltd is a China-based integrated IT service provider. It is engaged in the business activity of providing services which include product marketing, capital logistics, localized technical support, large data services and cloud computing infrastructure. | $3 | -22% | $3.2B | $6B | ||||
 | Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations. | $34 | -21% | $3.1B | $3.4B | ||||
| DHC Software Co Ltd is a China-based software enterprise. It offers software and information technology services. The company is principally engaged in providing Application Development and Maintenance (ADM), Computer Information System Integration and other IT-related services in China. | $1 | -34% | $3B | $3.8B | ||||
 | Also Holding AG is an information and communications technology distribution company. The industries it caters to include information technology, data centers, consumer electronics and telecommunication predominantly in Switzerland. It also connects service providers of cloud solutions connect with their customers and aids the provision of financial, logistics and IT services. The company operates in two geographical segments namely, Central Europe and Northern/Eastern Europe. | $235 | -11% | $3B | $3.4B | ||||
| Tata Technologies Ltd is an engineering services company offering product development and digital solutions, including turnkey solutions, to original equipment manufacturers (OEMs) and their tier-1 suppliers. It has deep domain expertise in the automotive industry and leverages this expertise to serve its clients in adjacent industries. The company's reportable segments are; Services, and Technology Solutions. A majority of its revenue is generated from the Services segment which includes providing outsourced engineering and designing services and digital transformation services to manufacturing clients. It generates revenue from India, North America, Europe, the United Kingdom, and other regions. | $7 | -7% | $2.9B | $2.9B | ||||
| Biprogy Inc is engaged in the service business, such as cloud and outsourcing, sales/rental of computer systems and network systems, software development/sales, and various system services. The company operates through five segments. The Hardware segment supplies equipment through sales contracts and lease agreements. The Outsourcing segment handles information system operation consignment. The Software segment provides licensed software. The Support Service segment offers software and hardware maintenance, implementation support, and related services. The System Service segment covers contract software development, SE services, and consulting, and the Others segment includes line services and equipment construction. | $29 | -26% | $2.8B | $2.9B | ||||
| Redington Ltd provides a variety of information technology and supply chain management services. The company also distributes IT products, which include computers, network equipment, software, data storage products, security solutions, and servers. The firm's services include hardware support, supply chain solutions, digital transformation, and various other solutions in the field of 3D printing, cybersecurity, solar, and cloud infrastructure, among others. The company's reportable segments are: SISA (Singapore, India & South Asia) and ROW (Rest of the World). | $3 | +11% | $2.7B | $3.3B | ||||
| Tata Elxsi Ltd provides product design and engineering services to the consumer electronics, communications & transportation industries and systems integration and support services for enterprise customers. It also provides digital content creation for media and entertainment industry. It operates across two core domains: Software Development & Services (SDS) and Systems Integration & Support (SIS). The company’s operations are located in multiple cities in India, and in multiple international locations including United Kingdom (UK), United States of America (USA), France, Germany, Japan, Ireland, Netherlands, South Africa, Canada, Spain, Dubai, Poland, Italy and Romania. | $41 | -28% | $2.6B | $2.4B | ||||
| Rakus Co Ltd provides information technology services in Japan. The Company's services include cloud services and email management software. The cloud services include the development and sales of transportation expenses, mail sharing and unified management system, mail delivery system and others. The dispatch of IT engineers services mainly provides employee dispatching services specializing in IT engineer, providing services includes Java system development, infrastructure construction and operation, and others. | $7 | -10% | $2.5B | $2.4B | ||||
| ePlus Inc is a provider of technology solutions across the IT spectrum, spanning security, cloud, data center, networking, collaboration, AI, service provider, and critical infrastructure, and emerging solutions, to domestic and foreign organizations across all industry segments. Its solutions leverage a broad range of professional, consultative, and managed services across the technology spectrum. The company possesses top-level engineering certifications with a broad range of IT technologies that enable the company to offer multi-vendor IT solutions that are optimized for each of its customers’ specific requirements. It also offers a wide portfolio of technology and other capital asset financing solutions to customers across commercial and government enterprises, designing programs. | $94 | +5% | $2.5B | $2.2B | ||||
| Netweb Technologies India Ltd is one of India’s high-end computing solutions (HCS) providers, with fully integrated design and manufacturing capabilities. Its products include Data Center Server, AI Systems & Workstation, Private Cloud HCI, High Performance Storage, and HPC Systems. Its HCS offering comprises HPC, Private cloud and HCI, AI systems and enterprise workstations, High performance storage (HPS), and Data Centre Servers. The Company has identified the Computer server as the only primary reportable segment. | $41 | +11% | $2.4B | $2.3B | ||||
| Guangdong Aofei Data Technology Co Ltd is an information technology company. It is a professional data center business operator and an integrated communications operator. The company's services include data center services, disaster recovery, remote sites, and other internet value-added services and products, along with server hosting, server rent, and BGP access service. | $2 | -9% | $2.4B | $3.8B | ||||
| DXC Technology Co is a vendor-independent IT services provider. The company's operating segment includes Global Business Services (GBS) and Global Infrastructure Services (GIS). It generates maximum revenue from the GIS segment. GIS offerings include Cloud and Security; IT Outsourcing and Modern Workplace. Geographically, it derives a majority of revenue from the Other Europe region. | $15 | +15% | $2.4B | $4.7B | ||||
| SoftwareONE Holding AG is engaged in providing cloud technology solutions. It generates its revenue from Software and Cloud Marketplace by arranging software license agreements between software providers and end customers and managing cloud subscriptions for them (point in time). Revenue from Software and Cloud Services is generated by providing services to customers (over time), the sale of on-premise software only used to provide software asset management solutions and the resale or sale of self-developed on-premise software. DACH, rEMEA, NORAM, LATAM and APAC are the geographical segments of the company. It derives maximum revenue from DACH (Germany, Austria and Switzerland) segment. | $11 | -2% | $2.3B | $2.9B | ||||
 | Netcompany Group AS is an information technology services company. The company is engaged in delivering business-critical IT solutions to large Public and Private sector customers and supporting them in their digital transformation journeys. Its offerings include software solutions and digital platforms such as Pulse, Easley AI and Solon Tax among others. The company's business segments are Denmark, SEE & EUI, the United Kingdom, Norway, the Netherlands and Banking Services. It generates the majority of revenue from the Denmark segment. | $52 | +4% | $2.3B | $3B | ||||
| Posco DX Co Ltd is a provider of information technology services and solutions. The firm has Smart Factory, Information Technology Services, and Energy and SOC segments. The Smart Factory segment comprises an automatically controlled production system that involves the management of the environment, facility, energy, safety, virtual, production, and logistics. IT Services segment consists of cloud, system deployment, infrastructure operation, and security for the needs of clients. The energy segment comprises the services needed for using energy efficiently. The SOC segment includes solutions for urban infrastructures. | $15 | -14% | $2.3B | $2.1B | ||||
 | Tieto Oyj is a software and technology consulting company. The company provides software and digital engineering services to customers across multiple industries. Its operations include specialized software businesses such as Tieto Caretech, Tieto Banktech, and Tieto Indtech, as well as a technology consulting business. The company offers services in areas including software development, design, cloud, and artificial intelligence. | $20 | -2% | $2.2B | $2.7B | ||||
 | Globant is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2003 in Argentina but is currently headquartered in Luxembourg and primarily serves clients in the US and Latin America. Globant’s client base is relatively concentrated in the media and entertainment and financial services industries. | $47 | -25% | $2B | $2.4B | ||||
| Beijing Teamsun Technology Co Ltd is an integrated IT service provider in China. Teamsun's business direction covers the areas of cloud computing, big data, mobile internet, internet of things, and information security. Its business areas include IT product services, application software development, system integration, value-added distribution and other IT service businesses. | $2 | -32% | $2B | $2.1B | ||||
| Al Moammar Information Systems Co is an Information Technology(IT) company. It offers operating systems, system analysis, software designing and programming, software maintenance, web design, web hosting, data processing, and other related services. The company's segments include a Business Services Management unit, a Solutions unit, a Systems unit, an IT security unit, a Networking unit, an Operations and maintenance unit, and a Data center unit. | $66 | +56% | $2B | $2.3B | ||||
 | Atea ASA is a Norway-based company that provides IT infrastructure and system integration services to customers. Its product and services portfolio includes the sale of products such as third-party hardware and software, mobile device management and security software, and maintenance and operation of IT infrastructure services for companies, among others. The company's operations are divided into six business segments based on geographical areas and services: Norway, Sweden, Denmark, Finland, and the Baltics. The firm generates the majority of its revenue in Sweden. | $18 | +21% | $2B | $2.3B | ||||
| Kainos Group PLC provides information technology services, consulting, and software solutions. It is structured into three divisions namely Digital Services, Workday Services, and Workday Products. Digital Services which derives key revenue, includes full life cycle development and support of digital solutions for government and commercial customers. The Workday Services division specializes in deploying and supporting Workday's Finance, HR, and Planning products. The Workday Products division develops products that complement Workday such as the smart product suite, including Smart Test, Smart Audit, and Smart Shield. Geographically, the company's maximum revenue is generated from the United Kingdom and Ireland and the rest from North America, Central Europe, and the Rest of the world. | $16 | +19% | $1.9B | $1.8B | ||||
| ArcSoft Corp Ltd is engaged in providing algorithmic services and solutions for the computer vision industry. | $5 | -32% | $1.9B | $1.6B | ||||
| Shift Inc provides software testing services. The company’s solutions include Test Design that takes into consideration of usability for the next project, and its seasoned test engineers provide support to test design such as building standard confirmation item. Test Run helps the customers to choose onsite or off-site implementation in accordance with the environment. MinTest is a website where people report bugs of social games and applications. It also provides other services such as CAT, Non-Functional Testing, Localization, and others related services. | $7 | +15% | $1.8B | $1.8B | ||||
| Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into operating segments: The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, Michpal, ZAP Group, and Others. The majority of the company's revenue comes from Israel. | $116 | -26% | $1.8B | $2B | ||||
| Sinosoft Co Ltd operates as a software developer and solutions provider. The companies software is actively used in many industries such as medical, energy, civil aviation, government and others. Further, it provides overall planning, technical support, supervision, training and consulting services. | $2 | -25% | $1.7B | $1.4B | ||||
| One Software Technologies Ltd provides computer services. The company provides a solution on Digital Solutions, Cloud, Cyber and Security, Infrastructure, ERP, CRM, BI and Professional Services. It serves governmental, education, Industry and Trade, Technology and High-Tech, finance, insurance, and retail industries. | $23 | -10% | $1.7B | $1.6B | ||||
| Black Box Ltd along with its subsidiaries provides information, communications technology solutions provider, and an integrator that delivers technology-based solutions across world markets and verticals with a spectrum of applications and services. The company's operating segments are Global System Integration (GSI); Technology Product Solution (TPS) and Others comprising of training and consulting services. It generates maximum revenue from the System Integration (SI) segment. The company exports its product to the Middle East/Africa, North America, Australia, New Zealand, Singapore, and Europe. Its solution line consists of unified communications, network infrastructure, data center, cyber security (CYBER-i), and digital transformation and applications. | $9 | +45% | $1.5B | $1.6B | ||||
| Data3 Ltd is an Australian IT firm offering solutions across cloud, data and analytics, modern workplace, security, and connectivity, and combining them with consulting, project services, and managed services for its clients. The Group's reportable segments are: Software Solutions, Infrastructure Solutions, and Services. Maximum revenue is generated from the Software Solutions segment, providing software licensing and consumption sales, along with consulting services. The Infrastructure Solutions segment provides hardware and accompanying software licensing, vendor-branded maintenance, and other services; and the Services segment offers consulting services, project services, maintenance, managed services, contracting services, software licensing, and vendor-branded maintenance services. | $10 | +66% | $1.5B | $1.3B | ||||
| Neusoft Corp provides information technology solutions and services. The company focuses on software technology and provides industry solutions and product engineering solutions, related software products and platforms, and services. It serves the following industries - telecom, energy, finance, government, manufacturing, trade logistics, healthcare, education, transportation, mobile internet, media, and environmental protection. Neusoft offers services like - application development and maintenance, ERP implementation and consulting, testing, performance engineering, software localization and globalization, IT infrastructure, BPO, IT education and training. | $1 | -14% | $1.5B | $1.3B | ||||
| Sesa is an Italian technology group headquartered in Empoli, near Florence, whose shares trade on the Euronext STAR Milan segment. It supplies value-added IT, digital platforms, consulting and vertical software applications to businesses and organizations, with its integration arm Var Group carrying out most of its acquisitions. For the year to 30 April 2026 it reported revenues of EUR 3,620.8 million and EBITDA of EUR 260.4 million, with 6,770 employees. Its 2026-2027 industrial plan combines organic growth with targeted, high value-added acquisitions in Italy and abroad. Recent deals have taken it into Switzerland, Germany and Spain, typically through an initial stake with put and call options to reach full ownership. | $99 | +1% | $1.5B | $1.5B | ||||
 | Systex Corp is engaged in sales and leases of computer software and related equipment, transmission and security of value-added network, maintenance of database, and consultation. The company generates Revenue from the sale of goods, and from the rendering of services. The company generates maximum of its revenue from the sale of goods. | $5 | +42% | $1.5B | $1.3B | ||||
| ASGN Inc is a provider of information technology (IT) services and professional solutions, including technology and creative digital marketing, across the commercial and government sectors. It operates through two segments, Commercial and Federal Government. The Commercial Segment, which generates the majority of the revenue, provides IT solutions to Fortune 1000 and large mid-market clients. The Federal Government Segment provides solutions in data and AI, cybersecurity, software and engineering, and enterprise platforms to agencies in the public and private sectors. | $36 | -21% | $1.5B | $1.5B | ||||
| NSD Co Ltd is a Japan-based software company. It is engaged in the development of software, as well as the operation and management of computer labs and the provision of information processing services. The company's major service includes System Analysis and Design, Customized Development of Software Programs Administration of Facilities Management, Sales of Packaged Software and Solutions. NSD provides the IT systems support that is essential to its customers' development and growth. The company is active across such wide-ranging fields as financing, manufacturing, telecommunications, distribution and the public sector. | $19 | -16% | $1.5B | $1.3B | ||||
| Esds Software Solution Ltd provides AI-enabled cloud, managed services, data center infrastructure, and software solutions in India. It offers a comprehensive platform of cloud infrastructure and software solutions consisting of (i) infrastructure as a service (IaaS), which includes colocation and Data Centre services, cloud services and cloud computing, (ii) managed services, which include cloud managed services, Data centre managed services, Security managed services, etc, and (iii) software as a service (SaaS). It also provides GPU-as-a-Service (GPUaaS) and cloud adoption solutions for businesses. The majority of the company's revenue is derived from the provision of IaaS and managed services. | $12 | -- | $1.4B | $1.2B | ||||
| Digital China Information Service Group Co Ltd Formerly Digital China Information Service Co Ltd is a China-based company principally engaged in software and information technology (IT) service industry. Its services include technical services, agricultural informatization, application software development, special financial equipment, and integrated solutions for the financial, government, enterprises, telecommunications, agriculture, and other industries. | $1 | -43% | $1.4B | $1.4B | ||||
| Median | $26 | -10% | $4.7B | $5.1B | 1.8x | 15.0x |
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