IT outsourcing is the practice of contracting an outside company to build, run or maintain some or all of an organisation's information technology. That can include data centres and cloud infrastructure, business applications, end-user support, networks and security operations. The companies that sell this work are usually called IT services providers. The largest of them combine long-term managed-service contracts with consulting, systems integration and engineering work.
This list ranks the 50 largest IT outsourcing and IT services companies in the world by their latest full fiscal-year revenue, taken from annual reports, securities filings and results releases published up to November 2026. Accenture is the largest by a wide margin, with revenue of US$74.18 billion for the year to August 2026. NTT DATA, Tata Consultancy Services and Capgemini follow, each with revenue between about US$25 billion and US$31 billion on the conversion basis used here. Together the 50 companies reported revenue equivalent to about US$416 billion.
The ranking includes companies headquartered or registered in 19 countries. The United States has the most entries (15), followed by India (12). The list includes the commercial outsourcers that dominate enterprise IT contracts, as well as US government technology contractors, Japanese and Korean group IT companies, and digital-engineering firms that grew out of Eastern Europe and Latin America.
Contents
- Overview
- Market context
- How the ranking was built
- Methodology
- The list
- Full ranking table
- By country
- Notable changes in 2026
- Alternatives by use case
- Frequently asked questions
- See also
Overview
IT outsourcing covers a range of service models. In infrastructure outsourcing, a provider takes over the operation of data centres, mainframes, networks, end-user devices and, increasingly, public and private cloud environments. Kyndryl, DXC Technology, Atos and Unisys earn most of their revenue this way. In application outsourcing, a provider develops, maintains and modernises a client's software, often from offshore delivery centres. This is the core business of Tata Consultancy Services, Infosys, Cognizant, HCLTech and Wipro. Business process outsourcing (BPO) moves whole processes such as finance and accounting, claims handling or customer service to the provider, and it overlaps with IT work at Genpact, EXL and, since its acquisition of WNS, Capgemini.
The category borders several neighbouring ones. IT consulting firms advise on technology strategy without necessarily running systems. Managed service providers are usually smaller firms that run IT for small and mid-sized businesses. Cloud consulting companies concentrate on migration to public cloud platforms. Digital transformation companies and software development outsourcing firms such as EPAM, Globant and Endava focus on building new software products rather than operating legacy estates. Many of the companies in this list do all of these things. The ranking therefore treats them as one market and uses total revenue, or IT-segment revenue where a group has a large non-IT business, as the common measure.
The list also includes US federal contractors such as Leidos, Booz Allen Hamilton, CACI and SAIC. These companies run some of the largest government IT modernisation and operations programmes. They are included because a substantial share of their revenue comes from delivering and operating IT for clients, even though their customers and contract structures differ from those of commercial outsourcers.
Market context
The largest providers grew slowly in their most recent fiscal years. Tata Consultancy Services reported a 2.4% decline in constant currency for the year to March 2026. Infosys grew from US$19.28 billion to US$20.16 billion, and Tech Mahindra grew 0.6% in constant currency. Atos's revenue fell by about 16% as it rebuilt after its financial restructuring. The fastest growth came from mid-sized Indian firms and from acquisitions. Coforge grew 29.2% in dollar terms and Persistent Systems 17.4%.
Consolidation continued. Capgemini spent €3.8 billion on acquisitions in 2025, mostly to buy the BPO company WNS, and closed WNS and Cloud4C in the fourth quarter. Netcompany merged the Danish banking-IT provider SDC into a new Netcompany Banking Services unit. Tieto sold its infrastructure outsourcing business, Tietoevry Tech Services, in September 2025. Advent acquired the insurance-software company Sapiens from the Formula Systems group in November 2025. In Japan, two large IT services companies left the stock market after their parent groups bought out minority shareholders: NTT DATA was delisted in 2025 and SCSK on 12 March 2026.
Headcount at the largest firms has stopped growing, or has started to fall, even where revenue is stable. TCS ended its fiscal year with 23,460 fewer employees than a year earlier. Capgemini announced workforce and skills adaptation initiatives costing about €700 million. Several companies, including Genpact and Booz Allen Hamilton, now describe themselves in their filings as AI or technology companies rather than as services firms. These are the companies' own descriptions. This list does not estimate the size of the overall IT outsourcing market, because no research-firm market-size figure could be checked against a primary source for this edition.
How the ranking was built
Companies were included if IT services, including infrastructure, application, cloud, engineering and technology-led process outsourcing, make up their main business and if they publish audited or formally released full-year revenue. Value-added resellers whose revenue is mostly hardware and software resale (for example CDW, Insight, Bechtle, SHI and Computacenter) were excluded. IBM was also excluded, because its consulting and infrastructure revenue is reported together with large software and hardware businesses. Fujitsu would qualify, but its fiscal 2025 results documents could not be retrieved while this list was being compiled, so it is left out of this edition rather than included with an unverified figure.
For companies with large non-IT businesses, the ranking uses the IT segment rather than group revenue. For Samsung SDS this is the IT services segment, because logistics accounts for more than half of group revenue. For Indra Group it is the Minsait division, because the rest of the group is mainly defence, air-traffic management and mobility. Group totals are shown in their entries.
Revenue is the latest full fiscal year for which a figure had been published by 12 November 2026. Because companies close their years at different dates, the periods range from calendar 2025 to the year to 30 September 2026. For NTT DATA the most recent figure on its own pages is for the year to March 2025, and for Endava the ranking uses fiscal 2025 because its fiscal 2026 results are being restated. Companies reporting in US dollars, or publishing a US-dollar full-year revenue figure in their results (Infosys, HCLTech, Tech Mahindra, Coforge, Persistent, Hexaware, L&T Technology Services and Zensar), are ranked on that figure. All other revenue is converted at the Federal Reserve's 2025 annual average exchange rates: €1 = US$1.1306, £1 = US$1.3192, US$1 = C$1.3973, ₹87.1468, ¥149.5686, ₩1,421.3963, RMB7.1875 and DKK 6.6137. The same rate is used whatever the company's fiscal year, so small differences between neighbouring entries should not be over-interpreted. Employee figures are given as published by each company, and some count delivery staff or full-time equivalents rather than total headcount.
Methodology
Entries are ranked strictly by latest full fiscal-year revenue, expressed in US dollars. US-dollar figures are used where companies publish them. Other figures are converted at Federal Reserve 2025 annual average exchange rates. Group IT segment revenue replaces group revenue for Samsung SDS and Indra. Each revenue figure comes from the company's own annual report, securities filing or results release, or from a news report of that release where the company's site could not be accessed. Each figure is cited in its entry. No figures were estimated. Privately held providers that publish no revenue were not ranked. Because 50 companies with published revenue were available, no headcount-ordered tail was needed.
The list
1
A
Largest listed IT services group by revenue; registered in Ireland
Best for: Large multi-tower outsourcing and transformation programmes
Accenture plc is the largest company in this ranking by a wide margin. Its annual report on Form 10-K for the fiscal year ended 31 August 2026 records revenues of US$74.18 billion, more than twice the figure of the next-largest entry. The filing states that the company employed approximately 814,000 people at that date and that it works with roughly three quarters of the Fortune Global 100 and Fortune Global 500, as well as every G7 government. Accenture is incorporated in Ireland, with its principal executive office in Dublin, and its shares trade on the New York Stock Exchange. Its outsourcing work sits alongside consulting, systems integration, managed services and industry-specific operations.
Services
- Strategy and consulting
- Technology and systems integration
- Managed services and outsourcing
- Operations (business process) services
- Revenue (FY2026, to 31 Aug 2026)
- US$74.18bn
- Employees
- c. 814,000 (31 Aug 2026)
- Headquarters
- Dublin, Ireland
- Listed on
- NYSE (ACN)
- Revenue (US$ equivalent)
- US$74.18bn
- Core services
- Strategy and consulting, Technology and systems integration, Managed services and outsourcing
2
ND
Japanese IT services group, wholly owned by NTT since its 2025 delisting
Best for: Large Japanese and multinational public-sector and banking programmes
NTT DATA Group Corporation is the IT services arm of the Japanese telecommunications group NTT. Its corporate profile gives consolidated net sales of ¥4,638.7 billion for the fiscal year ended 31 March 2025 and a consolidated workforce of 197,800 people. The company's disclosure archive includes a notice dated 25 September 2025 announcing the delisting of its shares, after which NTT DATA became a wholly owned subsidiary of its parent. Because it is no longer listed, this ranking uses the most recent full-year figure on the company's own profile page. That figure is one fiscal year older than the data used for most other entries. NTT DATA provides consulting, systems integration, application management, infrastructure and data-centre services across Japan, the Americas, Europe and Asia-Pacific.
Services
- Consulting and systems integration
- Application management
- Infrastructure and data-centre services
- Public-sector and financial-sector IT
- Revenue (FY ended Mar 2025)
- ¥4,638.7bn
- Employees
- 197,800 (31 Mar 2025)
- Listed on
- Delisted 2025; owned by NTT
- Revenue (US$ equivalent)
- US$31.01bn (converted at 2025 Federal Reserve average)
- Core services
- Consulting and systems integration, Application management, Infrastructure and data-centre services
3
TC
India's largest IT services company, part of the Tata group
Best for: Large offshore application and infrastructure outsourcing
Tata Consultancy Services, part of the Tata group, reported revenue of ₹2,67,021 crore for the fiscal year ended 31 March 2026, up 4.6% in rupee terms and down 2.4% in constant currency. Total contract value signed during the year was US$40.7 billion. At year end TCS employed 5,84,519 people, according to its results statement. That is 23,460 fewer than a year earlier, and the company linked part of the fall to a restructuring programme carried out during the year. Its annual revenue is about the same size as NTT DATA's. TCS publishes a US-dollar figure, but this ranking converts its rupee revenue at the Federal Reserve's 2025 average rate so that all rupee reporters are treated the same way.
Services
- Application development and maintenance
- Infrastructure and cloud services
- Business process services
- Enterprise platforms and consulting
- Revenue (FY2026, to 31 Mar 2026)
- ₹2,67,021 crore
- Employees
- 584,519 (31 Mar 2026)
- Listed on
- NSE, BSE
- Revenue (US$ equivalent)
- US$30.64bn (converted at 2025 Federal Reserve average)
- Core services
- Application development and maintenance, Infrastructure and cloud services, Business process services
4
Paris-based IT services group, enlarged by the WNS acquisition in 2025
Best for: European and North American transformation with a BPO component
Capgemini SE reported 2025 revenues of €22,465 million, up 1.7% as reported and 3.4% at constant exchange rates. Fourth-quarter growth reached 10.6%, helped by the consolidation of two acquisitions closed in that quarter, WNS and Cloud4C. The company invested €3.8 billion in acquisitions during the year, mostly for WNS, which significantly expanded its business process services. Headcount at 31 December 2025 was 423,400, up 24% year on year. About two thirds of the workforce (279,200 people) was offshore. North America accounted for 29% of group revenue. The board also announced workforce and skills adaptation initiatives, with restructuring costs of about €700 million expected over two years.
Services
- Strategy and transformation consulting
- Applications and technology services
- Operations and engineering services
- Digital business process services (incl. WNS)
- Revenue (FY2025)
- €22,465m
- Employees
- 423,400 (31 Dec 2025)
- Headquarters
- Paris, France
- Listed on
- Euronext Paris
- Revenue (US$ equivalent)
- US$25.40bn (converted at 2025 Federal Reserve average)
- Core services
- Strategy and transformation consulting, Applications and technology services, Operations and engineering services
5
US-listed IT services firm with most of its workforce in India
Best for: US healthcare, insurance and banking application outsourcing
Cognizant Technology Solutions reported 2025 revenues of US$21.108 billion in its annual report on Form 10-K. Although it is headquartered in Teaneck, New Jersey, and listed on Nasdaq, most of its delivery capacity is in India. The 10-K counts approximately 351,600 employees at 31 December 2025, of whom 256,900 were in India, 41,600 in North America and 14,600 in continental Europe. Headcount grew by about 14,800 during the year. Voluntary attrition in its technology services workforce fell to 13.9% in 2025 from 15.9% in 2024. Cognizant's work is concentrated in application development and maintenance, digital engineering, cloud migration and IT operations.
Services
- Application development and maintenance
- Digital engineering
- Cloud and infrastructure services
- Industry process outsourcing
- Revenue (FY2025)
- US$21.11bn
- Employees
- c. 351,600 (31 Dec 2025)
- Headquarters
- Teaneck, New Jersey, US
- Listed on
- Nasdaq (CTSH)
- Revenue (US$ equivalent)
- US$21.11bn
- Core services
- Application development and maintenance, Digital engineering, Cloud and infrastructure services
6
Bengaluru-based IT services company founded in 1981
Best for: Offshore-led application management and modernisation
Infosys Limited reports in US dollars in its annual report on Form 20-F. For the fiscal year ended 31 March 2026 it recorded total revenues of US$20,158 million. Of that amount, 97.1% came from exporting products and services outside India. The filing gives a headcount of 328,594 at 31 March 2026. Infosys was incorporated in Pune in 1981 and is headquartered on its Electronics City campus in Bengaluru. It completed its first public offering in India in 1993, and its American depositary shares trade on the New York Stock Exchange. Its outsourcing work covers application management, cloud and infrastructure operations, and business process management.
Services
- Application development and management
- Cloud and infrastructure services
- Business process management
- Enterprise package implementation
- Revenue (FY2026, to 31 Mar 2026)
- US$20.16bn
- Employees
- 328,594 (31 Mar 2026)
- Headquarters
- Bengaluru, India
- Founded
- 1981
- Listed on
- NSE, BSE, NYSE (INFY)
- Revenue (US$ equivalent)
- US$20.16bn
- Core services
- Application development and management, Cloud and infrastructure services, Business process management
7
Largest US government IT and technology services contractor in this list
Best for: US federal IT modernisation and managed services
Leidos Holdings is a US government technology contractor. For the fiscal year ended 2 January 2026 it reported revenues of US$17.17 billion. The company traces its origins to 1969, when physicist Robert Beyster founded it. Its 10-K states that it employed approximately 47,000 full- and part-time staff, of whom about 41,900 were in the United States and the rest in about 45 other countries. Leidos is headquartered in Reston, Virginia. Most of its revenue comes from US defence, intelligence, civil-agency and health customers. That customer base sets it apart from the commercial outsourcers higher in this ranking, but its IT modernisation, enterprise IT operations and systems-engineering contracts are among the largest outsourcing awards in the US federal market.
Services
- Federal enterprise IT and modernisation
- Defence and intelligence systems
- Health IT
- Engineering services
- Revenue (FY2025, to 2 Jan 2026)
- US$17.17bn
- Employees
- c. 47,000
- Headquarters
- Reston, Virginia, US
- Founded
- 1969
- Listed on
- NYSE (LDOS)
- Revenue (US$ equivalent)
- US$17.17bn
- Core services
- Federal enterprise IT and modernisation, Defence and intelligence systems, Health IT
8
K
Infrastructure outsourcing business spun off from IBM in 2021
Best for: Mainframe and data-centre infrastructure outsourcing
Kyndryl Holdings is a pure-play infrastructure outsourcer. Its 10-K explains that it was formed in November 2021 when IBM spun off the infrastructure services unit of its Global Technology Services business. For the fiscal year ended 31 March 2026 Kyndryl reported revenues of US$15.09 billion. The filing records approximately 72,000 employees in 60 countries at that date, about 90% of them outside the United States. Kyndryl is headquartered in New York and listed on the New York Stock Exchange. Its contracts cover data-centre, mainframe, network, cloud and workplace operations for large enterprises. The company describes its role as designing, building and running mission-critical technology at scale.
Services
- Mainframe and data-centre operations
- Cloud and hybrid infrastructure management
- Network and edge services
- Digital workplace services
- Revenue (FY2026, to 31 Mar 2026)
- US$15.09bn
- Employees
- c. 72,000 (31 Mar 2026)
- Headquarters
- New York, US
- Founded
- November 2021 (IBM spin-off)
- Listed on
- NYSE (KD)
- Revenue (US$ equivalent)
- US$15.09bn
- Core services
- Mainframe and data-centre operations, Cloud and hybrid infrastructure management, Network and edge services
9
H
Indian IT services and software group based in Noida
Best for: Infrastructure management and engineering outsourcing
HCL Technologies (HCLTech) reported US-dollar revenue of US$14.7 billion for the fiscal year ended 31 March 2026, up 6% year on year and 3.9% in constant currency. Its services revenue grew 4.8% in constant currency. Within services, IT and business services grew 3.7% and engineering and R&D services grew 9.8%. The company describes itself as home to more than 227,000 people across 60 countries. HCLTech is unusual among the large Indian outsourcers because it also has a substantial software business, HCLSoftware, alongside infrastructure management, application services and engineering outsourcing. Its shares trade on the National Stock Exchange of India and BSE.
Services
- Infrastructure and cloud management
- Application services
- Engineering and R&D services
- Software products (HCLSoftware)
- Revenue (FY2026, to 31 Mar 2026)
- US$14.7bn
- Employees
- 227,000+
- Listed on
- NSE, BSE
- Revenue (US$ equivalent)
- US$14.70bn
- Core services
- Infrastructure and cloud management, Application services, Engineering and R&D services
10
Formed in 2017 from the merger of CSC and HPE Enterprise Services
Best for: Legacy estate and insurance-platform outsourcing
DXC Technology was formed on 1 April 2017 through the merger of Computer Sciences Corporation (CSC) with Hewlett Packard Enterprise's Enterprise Services business. It reported revenues of US$12.64 billion for the fiscal year ended 31 March 2026. The company says it operates some of the world's most complex technology estates and serves many Fortune 500 companies with approximately 115,000 employees in 60 countries. In fiscal 2026 DXC reorganised its reporting into three segments. It is headquartered in Ashburn, Virginia. Like Kyndryl, DXC holds many long-running infrastructure and application outsourcing contracts.
Services
- Infrastructure and cloud outsourcing
- Application services
- Insurance software and BPS
- Workplace and security services
- Revenue (FY2026, to 31 Mar 2026)
- US$12.64bn
- Employees
- c. 115,000
- Headquarters
- Ashburn, Virginia, US
- Founded
- 1 April 2017 (merger)
- Listed on
- NYSE (DXC)
- Revenue (US$ equivalent)
- US$12.64bn
- Core services
- Infrastructure and cloud outsourcing, Application services, Insurance software and BPS
11
Montreal-based IT and business consulting and outsourcing group
Best for: Government and utility managed services in North America and Europe
CGI Inc. published its results for the fiscal year ended 30 September 2026 on 11 November 2026, the day before this list was compiled. Revenue was C$16.57 billion, up 4.2% year on year and 2.2% in constant currency. Bookings were C$17.51 billion, giving a trailing twelve-month book-to-bill ratio of 105.6%. The order backlog stood at C$32.07 billion, about 1.9 times annual revenue. CGI had approximately 94,000 consultants and professionals at 30 September 2026. The company is headquartered in Montreal and listed on the Toronto Stock Exchange and the NYSE. A large share of its revenue comes from managed IT and business process services, together with its own software for government, banking and utilities.
Services
- Managed IT and business process services
- Systems integration and consulting
- Proprietary IP-based solutions
- Public-sector IT
- Revenue (FY2026, to 30 Sep 2026)
- C$16.57bn
- Employees
- c. 94,000 (30 Sep 2026)
- Headquarters
- Montreal, Canada
- Listed on
- TSX (GIB.A), NYSE (GIB)
- Revenue (US$ equivalent)
- US$11.86bn (converted at 2025 Federal Reserve average)
- Core services
- Managed IT and business process services, Systems integration and consulting, Proprietary IP-based solutions
12
US federal technology and consulting firm based in McLean, Virginia
Best for: US defence and civil-agency technology programmes
Booz Allen Hamilton reported revenue of US$11.22 billion for the fiscal year ended 31 March 2026. The company is headquartered in McLean, Virginia. Its 10-K records approximately 31,500 employees at the end of the fiscal year, of whom 28,800 were customer staff. Booz Allen now describes itself as a technology company building products and solutions for government and business. Its customers are the US federal government and commercial organisations. Its work runs from cybersecurity and AI engineering to large IT modernisation programmes, so it overlaps with both IT outsourcing and management consulting. It is included here because a large part of its business is delivering and operating technology for clients.
Services
- Federal digital and IT modernisation
- Cybersecurity
- AI and data engineering
- Defence and intelligence technology
- Revenue (FY2026, to 31 Mar 2026)
- US$11.22bn
- Employees
- c. 31,500 (31 Mar 2026)
- Headquarters
- McLean, Virginia, US
- Listed on
- NYSE (BAH)
- Revenue (US$ equivalent)
- US$11.22bn
- Core services
- Federal digital and IT modernisation, Cybersecurity, AI and data engineering
13
Bengaluru-based IT services company listed in India and New York
Best for: Offshore application and infrastructure services
Wipro Limited reported consolidated revenues of ₹926,240 million for the fiscal year ended 31 March 2026, up from ₹890,884 million a year earlier, according to its Form 20-F. The Americas generated about 62% of its IT services segment revenue and Europe about 27%. The annual report describes a workforce of more than 240,000 employees and business partners on six continents. Wipro is headquartered on Sarjapur Road in Bengaluru. Its American depositary shares trade on the New York Stock Exchange. The 20-F notes that selling and marketing costs fell partly because average headcount was lower in fiscal 2026. Wipro's services include application management, cloud and infrastructure services, consulting and engineering.
Services
- Application services
- Cloud and infrastructure services
- Consulting
- Engineering services
- Revenue (FY2026, to 31 Mar 2026)
- ₹926,240m
- Employees
- 240,000+ employees and business partners
- Headquarters
- Bengaluru, India
- Listed on
- NSE, BSE, NYSE (WIT)
- Revenue (US$ equivalent)
- US$10.63bn (converted at 2025 Federal Reserve average)
- Core services
- Application services, Cloud and infrastructure services, Consulting
14
CI
US government technology contractor founded in 1962
Best for: US national-security IT
CACI International reported revenues of US$9.57 billion for the fiscal year ended 30 June 2026. The company was founded in 1962 as a simulation technology business and now provides expertise and technology to US national-security and civil-government customers. Its 10-K states that it employed approximately 27,000 full- and part-time employees at 30 June 2026. CACI is headquartered in Reston, Virginia. Its work combines enterprise IT, software development and network modernisation with mission technology in intelligence, electronic warfare and space. Because almost all of its revenue comes from the US government, it competes mainly with Leidos, Booz Allen Hamilton and SAIC rather than with commercial outsourcers.
Services
- Enterprise IT for government
- Software and network modernisation
- Intelligence and data analytics
- Space and spectrum technology
- Revenue (FY2026, to 30 Jun 2026)
- US$9.57bn
- Employees
- c. 27,000 (30 Jun 2026)
- Headquarters
- Reston, Virginia, US
- Founded
- 1962
- Listed on
- NYSE (CACI)
- Revenue (US$ equivalent)
- US$9.57bn
- Core services
- Enterprise IT for government, Software and network modernisation, Intelligence and data analytics
15
French IT services group rebuilding after its 2024 financial restructuring
Best for: European infrastructure outsourcing and sovereign cloud
Atos SE reported 2025 revenue of €8,001 million, down from €9,577 million in 2024. Its operating margin doubled to €351 million, or 4.4% of revenue. The Atos services business generated €6,963 million, an organic decline of 16.2%. The smaller Eviden business, which covers products such as high-performance computing and cybersecurity, generated about €1.04 billion. The company attributes the margin improvement to cost reductions under its Genesis transformation plan. It describes itself as having about 63,000 employees in 61 countries. Atos is listed on Euronext Paris. The company presents the 2025 results as the point at which its foundations were restored and its revenue decline began to slow.
Services
- Infrastructure and cloud managed services
- Digital workplace
- Cybersecurity (Eviden)
- High-performance computing (Eviden)
- Revenue (FY2025)
- €8,001m
- Employees
- c. 63,000
- Listed on
- Euronext Paris
- Revenue (US$ equivalent)
- US$9.05bn (converted at 2025 Federal Reserve average)
- Core services
- Infrastructure and cloud managed services, Digital workplace, Cybersecurity (Eviden)
16
SA
US government IT integrator based in Reston, Virginia
Best for: US defence enterprise IT operations
Science Applications International Corporation reported revenues of US$7.26 billion for the fiscal year ended 30 January 2026. The company works for the US Department of Defense, civilian agencies, the Department of Homeland Security and the intelligence community. Its 10-K says it serves them through approximately 1,700 active contracts and task orders. SAIC has approximately 23,000 employees and is headquartered in Reston, Virginia. Its work centres on enterprise IT and cloud migration, IT operations, software modernisation and systems engineering. It has a large position in managed IT and network operations for defence agencies. Its fiscal year ends in late January rather than at a calendar year end, so its figures cover a slightly different period from those of its peers.
Services
- Enterprise IT and cloud for government
- IT operations and help desk
- Software modernisation
- Systems engineering
- Revenue (FY2026, to 30 Jan 2026)
- US$7.26bn
- Employees
- c. 23,000
- Headquarters
- Reston, Virginia, US
- Listed on
- Nasdaq (SAIC)
- Revenue (US$ equivalent)
- US$7.26bn
- Core services
- Enterprise IT and cloud for government, IT operations and help desk, Software modernisation
17
French IT services and software group with large public-sector exposure
Best for: European public-sector and aerospace IT
Sopra Steria Group reported 2025 revenue of €5,648.0 million, down 2.2% both as reported and organically. Organic growth returned in the fourth quarter at 1.8%. The operating margin on business activity was 9.5%, against 9.8% in 2024. Acquisitions of the consultancies Aurexia and Neocase added €12.2 million to revenue. Headcount at the end of December 2025 was 51,275, compared with 50,988 a year earlier. Its services include consulting, systems integration, infrastructure management and business process services, and it also sells banking and human-resources software. A large share of its revenue comes from European governments, defence and aerospace customers, and financial institutions.
Services
- Consulting and systems integration
- Infrastructure management
- Business process services
- Banking and HR software
- Revenue (FY2025)
- €5,648.0m
- Employees
- 51,275 (31 Dec 2025)
- Listed on
- Euronext Paris
- Revenue (US$ equivalent)
- US$6.39bn (converted at 2025 Federal Reserve average)
- Core services
- Consulting and systems integration, Infrastructure management, Business process services
18
Mahindra group IT services company with a large telecom practice
Best for: Telecom operators and manufacturing
Tech Mahindra, part of India's Mahindra group, reported revenue of US$6,385 million for the fiscal year ended 31 March 2026. That was 1.9% more than the year before in reported terms and 0.6% more in constant currency. Profitability improved more clearly than revenue: EBIT rose 31.4% to US$797 million and the EBIT margin widened by 290 basis points to 12.6%. New deals signed during the year had a total contract value of US$3,794 million, up 41.6%. Headcount at year end was 147,623, down 1,108 from a year earlier. Tech Mahindra's services include telecom network and IT services, application and infrastructure services, engineering and business process services.
Services
- Telecom network and IT services
- Application and infrastructure services
- Engineering services
- Business process services
- Revenue (FY2026, to 31 Mar 2026)
- US$6,385m
- Employees
- 147,623 (31 Mar 2026)
- Listed on
- NSE, BSE
- Revenue (US$ equivalent)
- US$6.38bn
- Core services
- Telecom network and IT services, Application and infrastructure services, Engineering services
19
Software engineering services company with a Central and Eastern European base
Best for: Complex custom software engineering
EPAM Systems reported 2025 revenues of US$5.457 billion. Its predecessor was founded in 1993, and the current Delaware company was incorporated in 2002. EPAM is headquartered in Newtown, Pennsylvania, but most of its engineers have historically been in Central and Eastern Europe. At 31 December 2025 it had approximately 56,600 delivery personnel. India has become its largest delivery location, with about 12,200 delivery professionals, after adding about 2,150 since the end of 2024. Ukraine remains a significant delivery country. EPAM focuses on custom software engineering, platform modernisation and data work. Its business has less of the long-term infrastructure outsourcing that dominates the revenue of the firms ranked above it.
Services
- Software product engineering
- Platform modernisation
- Data and AI engineering
- Digital consulting and design
- Revenue (FY2025)
- US$5.46bn
- Employees
- c. 56,600 delivery personnel
- Headquarters
- Newtown, Pennsylvania, US
- Founded
- 1993
- Listed on
- NYSE (EPAM)
- Revenue (US$ equivalent)
- US$5.46bn
- Core services
- Software product engineering, Platform modernisation, Data and AI engineering
20
NR
Tokyo-based consulting and IT solutions group established in 1965
Best for: Japanese securities and asset-management platforms
Nomura Research Institute is a Japanese consulting and IT services company. Its corporate overview gives revenue of ¥814.7 billion for fiscal 2025, the year ended 31 March 2026. The company was established on 1 April 1965 and is headquartered in Otemachi, Tokyo. At 31 March 2026 the parent company had 7,982 employees and the NRI Group had 16,894. NRI provides management consulting, systems integration, IT infrastructure services and shared IT platforms, with financial institutions as a major client group. Most of its revenue comes from Japan, so its overseas profile is smaller than that of the Indian and European firms ranked nearby.
Services
- Shared outsourcing platforms for finance
- Systems integration
- Management consulting
- IT infrastructure services
- Revenue (FY2025, to 31 Mar 2026)
- ¥814.7bn
- Employees
- 16,894 group (31 Mar 2026)
- Headquarters
- Tokyo, Japan
- Founded
- 1965
- Listed on
- Tokyo Stock Exchange
- Revenue (US$ equivalent)
- US$5.45bn (converted at 2025 Federal Reserve average)
- Core services
- Shared outsourcing platforms for finance, Systems integration, Management consulting
21
S
Sumitomo-owned Japanese IT services company, delisted in March 2026
Best for: Japanese manufacturing and distribution clients
SCSK Corporation is a Japanese systems integrator and IT outsourcer. For the year ended 31 March 2026 it reported sales of ¥780.326 billion, against ¥596.065 billion a year earlier. Operating profit rose to ¥86.260 billion. Sumitomo Corporation, SCSK's main shareholder, made a tender offer and then consolidated the shares, and SCSK was delisted from the Tokyo Stock Exchange on 12 March 2026. The company guided to sales of ¥820 billion for the year to March 2027. Its business covers systems development for manufacturers, distributors and financial institutions, IT infrastructure and data-centre operations, and IT product resale.
Services
- Systems development
- IT infrastructure and data-centre services
- BPO and help desk
- IT product resale
- Revenue (FY2025, to 31 Mar 2026)
- ¥780.3bn
- Listed on
- Delisted 12 Mar 2026; owned by Sumitomo Corporation
- Revenue (US$ equivalent)
- US$5.22bn (converted at 2025 Federal Reserve average)
- Core services
- Systems development, IT infrastructure and data-centre services, BPO and help desk
22
Process and technology services firm that grew out of GE in India
Best for: Finance-process outsourcing with a technology layer
Genpact reported 2025 revenues of US$5.08 billion. It now describes itself as an agentic and advanced technology solutions company. Its 10-K reports more than 146,500 employees serving clients from more than 35 countries. Genpact is incorporated in Bermuda, and its shares trade on the New York Stock Exchange. Its business is closer to business process outsourcing than to classic IT infrastructure outsourcing. It runs finance and accounting, procurement, customer-operations and analytics processes for large enterprises, and it reports a separate technology services line. The 10-K also notes that it is starting to add digital labour, in the form of AI agents, to its workforce.
Services
- Finance and accounting outsourcing
- Data, analytics and AI services
- Technology services
- Customer and supply-chain operations
- Revenue (FY2025)
- US$5.08bn
- Employees
- 146,500+
- Headquarters
- Registered in Hamilton, Bermuda
- Listed on
- NYSE (G)
- Revenue (US$ equivalent)
- US$5.08bn
- Core services
- Finance and accounting outsourcing, Data, analytics and AI services, Technology services
23
Larsen & Toubro group IT services company, renamed LTM
Best for: Mid-to-large enterprise application outsourcing
LTM Limited, which previously traded as LTIMindtree, is the IT services company of India's Larsen & Toubro group. For the fiscal year ended 31 March 2026 it reported sales of ₹423,076 million, up from ₹389,978 million in total revenue a year earlier, according to the results summary. The company's website now presents the business under the new LTM name. Its work covers application development and maintenance, cloud and infrastructure services, enterprise platforms such as SAP and Salesforce, and data engineering. A large share of its revenue comes from banking, insurance and manufacturing clients in North America and Europe.
Services
- Application development and maintenance
- Cloud and infrastructure services
- Enterprise platform implementation
- Data and analytics
- Revenue (FY2026, to 31 Mar 2026)
- ₹423,076m
- Listed on
- NSE, BSE
- Revenue (US$ equivalent)
- US$4.85bn (converted at 2025 Federal Reserve average)
- Core services
- Application development and maintenance, Cloud and infrastructure services, Enterprise platform implementation
24
Software and managed services provider to telecom operators
Best for: Telecom operators outsourcing billing and IT operations
Amdocs builds billing, customer-care and network software for communications service providers and runs much of it for them as managed services. For the fiscal year ended 30 September 2026 it reported revenue of US$4,697 million, up 3.6%. Managed services contributed US$3,023 million, about 64% of the total. Its results release of 3 November 2026 announced an eight-year strategic agreement with AT&T and the acquisition of EIS, which takes Amdocs into insurance software. The company also said it was leaving non-strategic hardware resale and had divested its media business. On a pro forma basis these changes would reduce fiscal 2026 revenue by about US$360 million. Amdocs is registered in Guernsey and has its main US offices in St. Louis, Missouri.
Services
- Telecom managed services
- BSS/OSS software
- Cloud migration for operators
- Insurance software (EIS)
- Revenue (FY2026, to 30 Sep 2026)
- US$4,697m
- Headquarters
- Registered in St Peter Port, Guernsey
- Listed on
- Nasdaq (DOX)
- Revenue (US$ equivalent)
- US$4.70bn
- Core services
- Telecom managed services, BSS/OSS software, Cloud migration for operators
25
French engineering and technology consulting group
Best for: Engineering-heavy outsourcing in automotive and aerospace
Alten is a French engineering and technology consulting group. In 2025 it generated revenue of €4,099.0 million, down 1.1% from €4,143.3 million in 2024, and organic revenue fell 4.5%. Revenue in France rose 4.3% to €1,418.8 million, while international revenue fell 3.7% to €2,680.2 million. Operating profit on activity was 8.5% of revenue, down from 9.1%. Alten is listed on Euronext Paris. It is included in this ranking because a large part of its work is outsourced engineering and IT services: embedded software, digital engineering, testing and IT operations for automotive, aerospace, defence, telecom and financial-services clients. Its exposure to the car industry has weighed on recent growth.
Services
- Outsourced engineering services
- Embedded and digital software
- Testing and validation
- IT services and operations
- Revenue (FY2025)
- €4,099.0m
- Listed on
- Euronext Paris
- Revenue (US$ equivalent)
- US$4.63bn (converted at 2025 Federal Reserve average)
- Core services
- Outsourced engineering services, Embedded and digital software, Testing and validation
26
Samsung group IT services and cloud company (also runs logistics)
Best for: Korean financial and public-sector cloud migration
Samsung SDS is the IT services company of South Korea's Samsung group. Its preliminary 2025 results show consolidated revenue of ₩13.9299 trillion. More than half of that came from logistics, which generated ₩7.3864 trillion, so this ranking uses only the IT services segment, which reported ₩6.5435 trillion, up 2.2%. Cloud revenue grew 15.4% to ₩2.6802 trillion, driven by the Samsung Cloud Platform, GPU-as-a-service and managed cloud migration work for financial and public-sector clients. The company is also expanding enterprise resource planning and supply-chain management work for global clients.
Services
- Cloud (CSP and MSP)
- Systems integration and ERP
- Generative AI services
- Logistics platform (Cello Square)
- Revenue (FY2025, IT services segment)
- ₩6.5435tn
- Revenue (FY2025, consolidated)
- ₩13.9299tn
- Listed on
- Korea Exchange
- Revenue (US$ equivalent)
- US$4.60bn (converted at 2025 Federal Reserve average)
- Core services
- Cloud (CSP and MSP), Systems integration and ERP, Generative AI services
27
US IT solutions and staffing group renamed Everforth in 2026
Best for: US IT projects mixing consultants and contract staff
Everforth Inc. was known as ASGN Incorporated until April 2026, according to SEC filing records, and now trades on the NYSE under the ticker EFOR. Its 2025 annual report records revenues of US$3.98 billion. In November 2025 ASGN announced a new parent brand that would bring its six businesses under one name: Apex Systems, Creative Circle, CyberCoders, ECS, GlideFast and TopBloc. The company was incorporated in 1992 and is based in Glen Allen, Virginia. Its revenue comes from IT consulting and contract technology staff for commercial clients and from a federal government segment, led by ECS, which provides cloud, cybersecurity and IT modernisation work. The 10-K notes that the federal segment depends on maintaining its contract backlog.
Services
- IT consulting and project services
- Contract IT talent
- Federal cloud and cybersecurity (ECS)
- ServiceNow and Workday services
- Revenue (FY2025)
- US$3.98bn
- Headquarters
- Glen Allen, Virginia, US
- Founded
- 1992 (incorporated)
- Listed on
- NYSE (EFOR)
- Revenue (US$ equivalent)
- US$3.98bn
- Core services
- IT consulting and project services, Contract IT talent, Federal cloud and cybersecurity (ECS)
28
IT services division of Spain's Indra defence and technology group
Best for: Spanish-speaking public-sector and utility outsourcing
Minsait is the IT services and consulting division of Indra Group, the Spanish defence and technology company. Indra Group's 2025 revenue rose 13% to €5.457 billion, but much of that came from defence, air-traffic management and mobility. This ranking therefore uses Minsait's own revenue, €3.129 billion, up 5% on the previous year. The 2025 results release reports that Minsait's public administration and healthcare business grew 12% and its financial-services business 4%, with energy and industry also contributing. Indra acquired Totalnet and MQA to strengthen Minsait. The group is listed on the Spanish stock exchanges.
Services
- Public administration and health IT
- Banking and insurance IT
- Energy and utilities IT
- Managed services and outsourcing
- Revenue (FY2025, Minsait)
- €3,129m
- Revenue (FY2025, Indra Group)
- €5,457m
- Listed on
- Bolsa de Madrid
- Revenue (US$ equivalent)
- US$3.54bn (converted at 2025 Federal Reserve average)
- Core services
- Public administration and health IT, Banking and insurance IT, Energy and utilities IT
29
R
Turin-based network of specialised IT consulting companies
Best for: European cloud, data and SAP projects
Reply S.p.A. reported consolidated turnover of €2,483.6 million for 2025, up 8.0% from €2,300.5 million in 2024. EBITDA was €467.6 million and EBIT €391.7 million. The board approved the draft financial statements on 12 March 2026, for submission to the shareholders' meeting in Turin on 23 April 2026. Reply is organised as a network of small, specialised companies grouped by technology, such as cloud, data, AI, SAP and cybersecurity. It works mainly for clients in Italy, Germany, the United Kingdom and other European markets. The company is headquartered in Turin and listed on Euronext Milan. It has less of the large-scale offshore infrastructure outsourcing found at the Indian firms. Instead it combines project consulting, systems integration and managed services.
Services
- Cloud and platform services
- Data and AI
- Cybersecurity
- Managed services and systems integration
- Revenue (FY2025)
- €2,483.6m
- Headquarters
- Turin, Italy
- Listed on
- Euronext Milan
- Revenue (US$ equivalent)
- US$2.81bn (converted at 2025 Federal Reserve average)
- Core services
- Cloud and platform services, Data and AI, Cybersecurity
30
RT
Apollo-controlled managed cloud and hosting provider
Best for: Mid-market managed cloud operations
Rackspace Technology reported 2025 revenue of US$2.69 billion. Its predecessor was founded in 1998 to provide outsourced, dedicated hosting. The current Delaware company was formed in 2016 when funds affiliated with Apollo took Rackspace Hosting private, and Apollo still controls it today. Rackspace is headquartered in San Antonio, Texas, and calls its employees "Rackers". It describes a team of about 5,000 highly skilled Rackers, including consultants and engineers. Its business is managed hosting and multicloud operations, run in partnership with Amazon Web Services, Microsoft Azure and Google Cloud, together with a private-cloud business in its own data centres.
Services
- Managed public cloud (AWS, Azure, Google)
- Private cloud and hosting
- Cloud migration and professional services
- Security operations
- Revenue (FY2025)
- US$2.69bn
- Employees
- c. 5,000 Rackers
- Headquarters
- San Antonio, Texas, US
- Founded
- 1998 (predecessor)
- Listed on
- Nasdaq (RXT)
- Revenue (US$ equivalent)
- US$2.69bn
- Core services
- Managed public cloud (AWS, Azure, Google), Private cloud and hosting, Cloud migration and professional services
31
FS
Israeli holding company for Matrix IT and Magic Software
Best for: Israeli enterprise and public-sector IT
Formula Systems (1985) is an Israeli holding company that controls several listed IT companies, including the services group Matrix IT and Magic Software Enterprises. In its 20-F for 2025 it reported consolidated revenues of US$2,627 million, compared with a restated US$2,218 million for 2024. The comparison was restated because Advent acquired Sapiens in November 2025, after which Sapiens' results were deconsolidated from Formula's statements. Magic Software alone had about 4,072 employees at 31 December 2025. Formula is based in Or Yehuda, Israel, and its shares trade on Nasdaq and the Tel Aviv Stock Exchange. Most of the group's revenue comes from IT services, outsourcing and software for Israeli enterprises and the public sector.
Services
- IT services and outsourcing (Matrix IT)
- Application platforms (Magic Software)
- Systems integration
- Infrastructure and cloud services
- Revenue (FY2025)
- US$2,627m
- Headquarters
- Or Yehuda, Israel
- Listed on
- Nasdaq (FORTY), TASE
- Revenue (US$ equivalent)
- US$2.63bn
- Core services
- IT services and outsourcing (Matrix IT), Application platforms (Magic Software), Systems integration
32
Digital engineering company founded in Argentina in 2003
Best for: Nearshore digital engineering for US clients
Globant was founded in 2003 by a group that included Martín Migoya, now its chairman and chief executive. It reported 2025 revenue of US$2.455 billion in its annual report on Form 20-F. At 31 December 2025 it had 28,773 employees and operated through subsidiaries with offices in 31 countries. Globant is incorporated in Luxembourg and listed on the New York Stock Exchange, but most of its delivery staff are in Latin America, especially Argentina, Colombia, Mexico and Brazil. Its work is product engineering, digital experience, data and AI development. It is less involved in infrastructure operations than the large outsourcers ranked above it.
Services
- Digital product engineering
- Data and AI
- Experience design
- Enterprise platform services
- Revenue (FY2025)
- US$2.45bn
- Employees
- 28,773 (31 Dec 2025)
- Headquarters
- Luxembourg (registered)
- Founded
- 2003
- Listed on
- NYSE (GLOB)
- Revenue (US$ equivalent)
- US$2.45bn
- Core services
- Digital product engineering, Data and AI, Experience design
33
CI
Hong Kong-listed Chinese software and IT services provider
Best for: Chinese technology-platform outsourcing
Chinasoft International is one of China's largest IT services companies. According to a summary of its annual results announcement on the Hong Kong exchange, its revenue for the year ended 31 December 2025 rose 0.50% to RMB17.03 billion, and service revenue grew 2.30% to RMB16.69 billion. Profit fell, mainly because of a one-off severance charge of RMB177.25 million and a goodwill impairment of RMB103.84 million. Sales of its AI products and services roughly doubled to about RMB2.00 billion, and headcount rose 3.9% to 78,030. Chinasoft is listed in Hong Kong. Its business is software development outsourcing, cloud and AI services and industry IT solutions.
- Revenue (FY2025)
- RMB17.03bn
- Employees
- 78,030
- Listed on
- Hong Kong Stock Exchange
- Revenue (US$ equivalent)
- US$2.37bn (converted at 2025 Federal Reserve average)
- Core services
- Software development outsourcing, Cloud and AI services, Industry IT solutions
34
Nordic software and IT services group based in Espoo, Finland
Best for: Nordic banking, healthcare and public sector
Tieto, which traded as Tietoevry until 2025, reported revenue from continuing operations of €1,852.3 million for 2025, compared with a restated €1,879.5 million for 2024. Organic growth was −2%. The company took the Tieto name and new segment names during 2025 and completed the sale of its infrastructure outsourcing arm, Tietoevry Tech Services, on 2 September 2025. That business is reported as a discontinued operation, which explains why the group's revenue is much smaller than in previous years. Tieto is a Finnish company listed in Helsinki and Stockholm. Its remaining businesses are industry software for banking and healthcare, together with digital consulting and engineering services for Nordic clients.
Services
- Banking and healthcare software
- Digital engineering
- Data and cloud consulting
- Industry solutions
- Revenue (FY2025, continuing operations)
- €1,852.3m
- Listed on
- Nasdaq Helsinki, Nasdaq Stockholm
- Revenue (US$ equivalent)
- US$2.09bn (converted at 2025 Federal Reserve average)
- Core services
- Banking and healthcare software, Digital engineering, Data and cloud consulting
35
New York-based data, AI and operations services company
Best for: Insurance and healthcare process-plus-data outsourcing
ExlService Holdings, which trades as EXL, reported 2025 revenues of US$2.09 billion. It was founded in 1999 and is headquartered in New York. At 31 December 2025 it had more than 65,000 employees on six continents. EXL began as a business process outsourcer for insurers and banks. It now describes itself as a data analytics and AI company that also runs digital operations for clients in insurance, healthcare, banking and capital markets, retail, communications and media, and energy. Its IT services work, which covers data engineering, cloud migration and AI model development, is usually sold together with process outsourcing rather than as standalone infrastructure management.
Services
- Data and AI services
- Insurance and healthcare operations
- Analytics
- Cloud and data engineering
- Revenue (FY2025)
- US$2.09bn
- Employees
- 65,000+
- Headquarters
- New York, US
- Founded
- 1999
- Listed on
- Nasdaq (EXLS)
- Revenue (US$ equivalent)
- US$2.09bn
- Core services
- Data and AI services, Insurance and healthcare operations, Analytics
36
Pennsylvania-based IT services and ClearPath mainframe company
Best for: Mainframe-dependent banks and government agencies
Unisys Corporation reported 2025 revenue of US$1.95 billion. The company is based in Blue Bell, Pennsylvania. At 31 December 2025 it employed approximately 15,000 professionals worldwide, about 4,200 of them in India. It earns most of its revenue from digital workplace services, cloud, applications and infrastructure outsourcing, and enterprise computing. That last category includes its ClearPath Forward operating environment, which banks, airlines and governments still use for core systems. Its outsourcing contracts are concentrated in the public sector and financial services in the United States, Australia and Europe.
Services
- Digital workplace services
- Cloud, applications and infrastructure
- Enterprise computing (ClearPath)
- Public-sector outsourcing
- Revenue (FY2025)
- US$1.95bn
- Employees
- c. 15,000
- Headquarters
- Blue Bell, Pennsylvania, US
- Listed on
- NYSE (UIS)
- Revenue (US$ equivalent)
- US$1.95bn
- Core services
- Digital workplace services, Cloud, applications and infrastructure, Enterprise computing (ClearPath)
37
US consulting and technology services firm serving government
Best for: US federal civilian-agency modernisation
ICF International reported 2025 revenue of US$1.87 billion. Its principal operating business was founded in 1969, and the current company was formed in 1999 to buy that business from a larger services group. ICF is headquartered in Reston, Virginia, and had approximately 8,400 full- and part-time employees at the end of 2025. Its contract backlog fell to US$3.41 billion from US$3.79 billion a year earlier. ICF's IT modernisation and digital services work is mostly for federal civilian agencies such as health and benefits programmes. It combines this with policy consulting, energy-efficiency programme management and communications services.
Services
- Federal IT modernisation
- Digital and data services
- Energy programme management
- Policy consulting
- Revenue (FY2025)
- US$1.87bn
- Employees
- c. 8,400
- Headquarters
- Reston, Virginia, US
- Founded
- 1969 (operating business)
- Listed on
- Nasdaq (ICFI)
- Revenue (US$ equivalent)
- US$1.87bn
- Core services
- Federal IT modernisation, Digital and data services, Energy programme management
38
Fast-growing Indian IT services company, formerly NIIT Technologies
Best for: Insurance, banking and travel application outsourcing
Coforge reported revenue of US$1,870 million (₹164,207 million) for the fiscal year ended 31 March 2026. That was 29.2% more than the previous year in dollar terms and 35.9% more in rupees, the fastest growth of any company in this list. EBITDA was US$347 million. The company's website refers to more than 45,000 professionals. Its business is concentrated in banking, insurance and travel, where it provides application management, product engineering, cloud services and business process services.
Services
- Application management
- Product engineering
- Cloud and infrastructure
- BPS for travel and insurance
- Revenue (FY2026, to 31 Mar 2026)
- US$1,870m
- Employees
- 45,000+
- Listed on
- NSE, BSE
- Revenue (US$ equivalent)
- US$1.87bn
- Core services
- Application management, Product engineering, Cloud and infrastructure
39
A
Dortmund-based IT services and software company
Best for: German-speaking public sector and insurers
adesso SE increased its revenue by 14% to €1.47 billion in 2025, from €1.29 billion in 2024. The company describes this growth as organic. EBITDA improved by about 30%. adesso is headquartered in Dortmund, Germany, and listed in Frankfurt. It is one of the larger independent IT services companies in the German-speaking market, providing custom software development, SAP and Microsoft implementation, and IT operations to insurers, banks, public administration and healthcare organisations. It also sells its own software for insurance and the public sector. Most of its revenue comes from Germany, Austria and Switzerland. Its growth has come mainly from consulting and project work rather than offshore delivery.
Services
- Custom software development
- SAP and Microsoft services
- IT operations
- Insurance and public-sector software
- Revenue (FY2025)
- €1.47bn
- Headquarters
- Dortmund, Germany
- Listed on
- Frankfurt Stock Exchange
- Revenue (US$ equivalent)
- US$1.66bn (converted at 2025 Federal Reserve average)
- Core services
- Custom software development, SAP and Microsoft services, IT operations
40
PS
Pune-based digital engineering and software services company
Best for: Software companies outsourcing product engineering
Persistent Systems reported revenue of US$1,654.4 million for the fiscal year ended 31 March 2026, up 17.4% from US$1,409.1 million. In rupees, revenue was ₹147,484.5 million. Its EBIT margin for the year was 15.6%. In its fourth quarter the company recorded revenue of US$436.0 million, up 3.2% from the previous quarter, and the board declared a total dividend of ₹40 per share for the year. Persistent describes itself as having more than 27,500 employees in 18 countries. Its work is mainly software product engineering and enterprise modernisation for technology companies, banks and healthcare organisations, rather than long-term infrastructure outsourcing.
Services
- Software product engineering
- Enterprise modernisation
- Cloud and data
- AI platform services
- Revenue (FY2026, to 31 Mar 2026)
- US$1,654.4m
- Employees
- 27,500+
- Listed on
- NSE, BSE
- Revenue (US$ equivalent)
- US$1.65bn
- Core services
- Software product engineering, Enterprise modernisation, Cloud and data
41
Carlyle-backed Indian IT services company, relisted in 2025
Best for: Mid-market application and infrastructure outsourcing
Hexaware Technologies reported revenue of US$1,537.4 million for calendar year 2025, up 7.6% year on year. Fourth-quarter revenue was US$389 million. Unlike most Indian IT companies, Hexaware uses a calendar fiscal year. The company says it has 33,844 employees in more than 30 countries and serves more than 30 Fortune 500 companies. Hexaware is listed in India. Its work covers application management, cloud and infrastructure, automation and business process services, and its largest client sectors are financial services, healthcare, manufacturing and travel.
Services
- Application management
- Cloud and infrastructure services
- Automation platforms
- Business process services
- Revenue (CY2025)
- US$1,537.4m
- Employees
- 33,844
- Listed on
- NSE, BSE
- Revenue (US$ equivalent)
- US$1.54bn
- Core services
- Application management, Cloud and infrastructure services, Automation platforms
42
LT
Larsen & Toubro group engineering services company
Best for: Outsourced product and plant engineering
L&T Technology Services (LTTS) is the engineering services company of the Larsen & Toubro group. For the fiscal year ended 31 March 2026 it reported revenue of ₹109,959 million, up 14%. In US dollars, revenue from continuing operations was US$1,233 million, up 8.3%. The continuing-operations figure excludes a business the company divested during the year. Its EBIT margin was 14.5% and net income ₹12,818 million. LTTS says it has more than 23,800 employees, 22 global design centres, 31 sales offices and 98 innovation labs as of 31 March 2026. Its business is outsourced engineering and R&D for transportation, industrial products, medical devices, telecoms and process industries, rather than enterprise IT outsourcing.
Services
- Engineering and R&D outsourcing
- Embedded and software engineering
- Plant and process engineering
- Sustainability engineering
- Revenue (FY2026, continuing ops)
- US$1,233m
- Employees
- 23,800+ (31 Mar 2026)
- Listed on
- NSE, BSE
- Revenue (US$ equivalent)
- US$1.23bn
- Core services
- Engineering and R&D outsourcing, Embedded and software engineering, Plant and process engineering
43
Copenhagen-based IT services company focused on public-sector systems
Best for: Northern European public-sector platforms
Netcompany Group reported 2025 revenue of DKK 7,891.7 million, compared with DKK 6,540.6 million in 2024. Reported growth of 20.7% included about 13 percentage points from Netcompany Banking Services, which was formed by merging the Danish banking-IT provider SDC into Netcompany. Organic revenue grew 7.7% to DKK 7,044.1 million. Special items of DKK 355.3 million related to that merger. The average workforce rose to 8,929 full-time equivalents. Netcompany is headquartered in Copenhagen and listed on Nasdaq Copenhagen. It builds and runs large public-sector and financial systems.
Services
- Public-sector platforms
- Banking IT (Netcompany Banking Services)
- Application management
- Digital transformation
- Revenue (FY2025)
- DKK 7,891.7m
- Employees
- 8,929 average FTEs
- Headquarters
- Copenhagen, Denmark
- Listed on
- Nasdaq Copenhagen
- Revenue (US$ equivalent)
- US$1.19bn (converted at 2025 Federal Reserve average)
- Core services
- Public-sector platforms, Banking IT (Netcompany Banking Services), Application management
44
N
Munich-headquartered digital engineering company with large Indian delivery
Best for: Mid-sized European digital engineering projects
Nagarro SE reported audited 2025 revenue of €999.3 million, up 2.8% from €972.0 million. In constant currency, revenue grew 6.1%. The audited figures, published on 29 April 2026, confirmed the preliminary numbers released earlier. The company had 18,003 professionals at 31 December 2025. During 2025 it bought back 919,421 shares for €67.8 million. Its 2025 results release was issued from Munich, where the company is headquartered. It focuses on digital product engineering, enterprise application implementation and managed services for clients in Europe and North America.
Services
- Digital product engineering
- ERP and enterprise applications
- Managed services
- Data and AI
- Revenue (FY2025)
- €999.3m
- Employees
- 18,003 (31 Dec 2025)
- Headquarters
- Munich, Germany
- Listed on
- Frankfurt Stock Exchange
- Revenue (US$ equivalent)
- US$1.13bn (converted at 2025 Federal Reserve average)
- Core services
- Digital product engineering, ERP and enterprise applications, Managed services
45
London-based technology services company with nearshore delivery in Romania
Best for: Payments and financial-services engineering
Endava plc was founded in 2000 and is headquartered in London; its shares trade on the NYSE. Its most recent audited annual report covers the year ended 30 June 2025 and records revenue of £772.3 million. At that date it had 11,479 employees, the largest delivery centre being in Romania. On 28 October 2026 the company announced that an audit-committee investigation had found incorrect accounting for certain agreements in fiscal 2026 with counterparties that were both customers and suppliers. Endava said it would restate its previously reported fiscal 2026 results, with an expected revenue impact of about 2% to 4% of fiscal 2025 revenue. It also announced that its chief executive would retire. For this reason the ranking uses fiscal 2025.
Services
- Digital product engineering
- Cloud and data
- Payments and banking technology
- Nearshore delivery (Romania, Balkans, Latin America)
- Revenue (FY2025, to 30 Jun 2025)
- £772.3m
- Employees
- 11,479 (30 Jun 2025)
- Headquarters
- London, UK
- Founded
- 2000
- Listed on
- NYSE (DAVA)
- Revenue (US$ equivalent)
- US$1.02bn (converted at 2025 Federal Reserve average)
- Core services
- Digital product engineering, Cloud and data, Payments and banking technology
46
ZT
RPG group IT services company based in Pune
Best for: Mid-market US and South African clients
Zensar Technologies, part of India's RPG group, reported revenue of US$643.7 million for the fiscal year ended 31 March 2026. Revenue grew 3.1% in reported currency and 1.7% in constant currency. In the fourth quarter, revenue was US$158.4 million, 1.3% lower than in the previous quarter. The company says it has more than 10,500 employees in more than 30 locations, including San Jose, Seattle, Princeton, Cape Town, London and Mexico City. Zensar is headquartered in Pune. Its business covers application development and management, cloud and infrastructure services, and digital experience work for clients in high-tech, manufacturing, retail, banking and insurance.
Services
- Application development and management
- Cloud and infrastructure
- Digital experience
- Data engineering
- Revenue (FY2026, to 31 Mar 2026)
- US$643.7m
- Employees
- 10,500+
- Headquarters
- Pune, India
- Listed on
- NSE, BSE
- Revenue (US$ equivalent)
- US$0.64bn
- Core services
- Application development and management, Cloud and infrastructure, Digital experience
47
ST
Chennai-based ICT services, network and data-centre company
Best for: Indian enterprises outsourcing network and data-centre operations
Sify Technologies reported revenue of ₹44,877 million for the fiscal year ended 31 March 2026, up from ₹39,886 million a year earlier, according to its Form 20-F. It had 4,331 employees at 31 March 2026, compared with 4,406 a year earlier. Sify is headquartered in Chennai and its American depositary shares trade on Nasdaq. Unlike most companies in this list it owns physical infrastructure. Its revenue comes from enterprise network services, colocation data centres, cloud and managed services, and digital services sold mainly to Indian enterprises and government bodies. That makes it closer to infrastructure outsourcing than to offshore application development, and it gives it a much smaller headcount relative to revenue.
Services
- Network services
- Data-centre colocation
- Cloud and managed services
- Digital services
- Revenue (FY2026, to 31 Mar 2026)
- ₹44,877m
- Employees
- 4,331 (31 Mar 2026)
- Headquarters
- Chennai, India
- Listed on
- Nasdaq (SIFY)
- Revenue (US$ equivalent)
- US$0.51bn (converted at 2025 Federal Reserve average)
- Core services
- Network services, Data-centre colocation, Cloud and managed services
48
C
Brazilian digital engineering company listed in New York
Best for: Nearshore engineering from Brazil
CI&T was founded in Brazil in 1995. It reported 2025 revenue of US$489.7 million in its annual report on Form 20-F. The company is incorporated in the Cayman Islands and listed on the New York Stock Exchange, but its roots and much of its delivery are in Brazil. Its 20-F reports a 15.7% increase in headcount to 7,993 employees at 31 December 2025, from 6,907 a year earlier, which was the main reason personnel costs rose. CI&T provides digital product engineering, data and AI services and application modernisation, and it uses nearshore delivery from Brazil and Colombia for clients in North America, Latin America, Europe and Asia. Financial services and consumer goods companies are among its largest client groups.
Services
- Digital product engineering
- Data and AI
- Application modernisation
- Nearshore delivery
- Revenue (FY2025)
- US$489.7m
- Employees
- 7,993 (31 Dec 2025)
- Founded
- 1995
- Listed on
- NYSE (CINT)
- Revenue (US$ equivalent)
- US$0.49bn
- Core services
- Digital product engineering, Data and AI, Application modernisation
49
US-listed digital engineering firm with Eastern European delivery
Best for: US retail and technology engineering projects
Grid Dynamics Holdings reported 2025 revenue of US$411.8 million in its Form 10-K filed on 5 March 2026. The company is headquartered in San Ramon, California, and listed on Nasdaq. Grid Dynamics sells platform and product engineering, cloud migration and data and AI work, mainly to technology, retail, consumer-goods and financial-services companies in the United States. It is among the smallest companies in this ranking and has a relatively concentrated client base, so changes in spending by a few large clients have a visible effect on its results.
Services
- Platform and product engineering
- Cloud migration
- Data and AI engineering
- Digital commerce
- Revenue (FY2025)
- US$411.8m
- Headquarters
- San Ramon, California, US
- Listed on
- Nasdaq (GDYN)
- Revenue (US$ equivalent)
- US$0.41bn
- Core services
- Platform and product engineering, Cloud migration, Data and AI engineering
50
Pittsburgh-area data, analytics and IT staffing company
Best for: US companies needing contract IT and data specialists
Mastech Digital reported 2025 revenues of US$191.4 million. It is headquartered near Pittsburgh, Pennsylvania, and the 10-K describes approximately 1,500 consultants working across many industries and in both digital and mainstream technologies. The company reports two segments, data and analytics services and IT staffing services. It began by placing offshore technology professionals in the United States and later moved to a domestic recruiting model supported by an offshore recruitment centre set up in 2003. Mastech is the smallest company in this ranking. It is included as an example of the US staffing-led IT services companies that compete with larger outsourcers for project and contract work.
Services
- Data and analytics services
- IT staffing
- Cloud data engineering
- Digital transformation projects
- Revenue (FY2025)
- US$191.4m
- Employees
- c. 1,500 consultants
- Headquarters
- Moon Township, Pennsylvania, US
- Listed on
- NYSE American (MHH)
- Revenue (US$ equivalent)
- US$0.19bn
- Core services
- Data and analytics services, IT staffing, Cloud data engineering
Frequently asked questions
What is the largest IT outsourcing company in the world?
By revenue, Accenture is the largest IT services and outsourcing company. It reported revenues of US$74.18 billion for the fiscal year ended 31 August 2026 and employed about 814,000 people. That is more than twice the revenue of the next-largest providers in this ranking, NTT DATA and Tata Consultancy Services.
Which is the largest Indian IT outsourcing company?
Tata Consultancy Services is the largest Indian IT services company. It reported revenue of ₹2,67,021 crore for the year to March 2026 and had 584,519 employees. Infosys (US$20.16 billion), HCLTech (US$14.7 billion) and Wipro follow it among Indian-headquartered providers.
What is the difference between IT outsourcing and BPO?
IT outsourcing transfers the building or running of technology, such as infrastructure, applications, cloud environments and support desks, to an outside provider. Business process outsourcing transfers a business function, such as finance and accounting or customer service, to the provider. Many large firms in this list sell both, and contracts increasingly combine them.
Why is IBM not in this list?
IBM reports its consulting and infrastructure services together with large software and hardware businesses, so its total revenue does not measure IT services in the way the figures used for other entries do. Its former infrastructure outsourcing business was spun off in November 2021 as Kyndryl, which is ranked eighth.
How were revenues in different currencies compared?
Where a company publishes its full-year revenue in US dollars, that figure is used. All other revenue is converted at the Federal Reserve's published 2025 annual average exchange rates, for example €1 = US$1.1306 and US$1 = ₹87.1468. One rate per currency is applied regardless of fiscal year end.
Which IT outsourcing companies are growing fastest?
Among the ranked companies, Coforge grew fastest in its latest fiscal year, at 29.2% in US-dollar terms, partly through acquisition. Netcompany grew 20.7% including its banking-IT merger, Persistent Systems 17.4% and adesso 14%. Several of the largest providers grew by less than 3%.
Which companies dominate US government IT outsourcing?
The largest US federal IT contractors in this list are Leidos (US$17.17 billion), Booz Allen Hamilton (US$11.22 billion), CACI (US$9.57 billion) and SAIC (US$7.26 billion). Everforth's ECS unit and ICF International also hold significant federal technology contracts.
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