# Information Technology Services — company-by-company sector analysis > Information Technology Services: Accenture plc owns the largest revenue base; Keel Infrastructure Corp. has the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-04. Not investment advice. ## Bottom line Information Technology Services has outperformed S&P 500 by 1.3% over 52 weeks and 5.2% over 13 weeks. 7 of 27 covered companies beat the S&P 500 on Mansfield relative strength, while 8 of 27 beat the sector itself. Accenture plc leads with revenue of $73,100 million, based on 18 of 27 comparable companies through Jun 2026. ## Sector relative strength Information Technology Services has outperformed S&P 500 by 1.3% over the last 52 weeks. Over 13 weeks the gap is a lead of 5.2%. 7 of 27 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. ChronoScale Holdings Corporation is the strongest against the sector itself at +110.7%. 13-week sector return versus NIFTY 500: 5.2% 52-week sector return versus NIFTY 500: 1.3% Stocks leading NIFTY: 7/27 Stocks leading sector: 8/27 Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change. Companies: 27 Combined market value: ₹5.7 L Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. Science Applications International Corporation (SAIC): 68/100 — Favorable setup; evidence 85% - Growth & earnings 21.5/35 | Capital efficiency 12.6/25 | Valuation 15.7/20 | Relative strength 17.8/20 - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of the last 12 weeks - Exact sum: 21.5 + 12.6 + 15.7 + 17.8 = 67.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 2. Jack Henry & Associates, Inc. (JKHY): 60/100 — Mixed-positive evidence; evidence 81% - Growth & earnings 21.6/35 | Capital efficiency 16.1/25 | Valuation 11.7/20 | Relative strength 10.2/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 21.6 + 16.1 + 11.7 + 10.2 = 59.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 3. Broadridge Financial Solutions, Inc. (BR): 59/100 — Mixed-positive evidence; evidence 81% - Growth & earnings 20.4/35 | Capital efficiency 15.4/25 | Valuation 14.8/20 | Relative strength 8.2/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 20.4 + 15.4 + 14.8 + 8.2 = 58.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 4. Gartner, Inc. (IT): 58/100 — Mixed-positive evidence; evidence 81% - Growth & earnings 16.2/35 | Capital efficiency 16.9/25 | Valuation 14.3/20 | Relative strength 10.4/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 16.2 + 16.9 + 14.3 + 10.4 = 57.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 5. Penguin Solutions, Inc. (PENG): 58/100 — Mixed-positive evidence; evidence 67% - Growth & earnings 24.6/35 | Capital efficiency 10.2/25 | Valuation 8.6/20 | Relative strength 14.3/20 - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks - Exact sum: 24.6 + 10.2 + 8.6 + 14.3 = 57.7 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 6. Innodata Inc. (INOD): 56/100 — Mixed-positive evidence; evidence 81% - Growth & earnings 24.0/35 | Capital efficiency 16.4/25 | Valuation 3.9/20 | Relative strength 11.9/20 - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 11 of the last 12 weeks - Exact sum: 24 + 16.4 + 3.9 + 11.9 = 56.2 - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. 7. ExlService Holdings, Inc. (EXLS): 55/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 19.2/35 | Capital efficiency 15.9/25 | Valuation 9.9/20 | Relative strength 10.3/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 19.2 + 15.9 + 9.9 + 10.3 = 55.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 8. Ingram Micro Holding Corporation (INGM): 54/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 18.9/35 | Capital efficiency 10.4/25 | Valuation 10.3/20 | Relative strength 14.0/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 6 of the last 12 weeks - Exact sum: 18.9 + 10.4 + 10.3 + 14 = 53.6 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 9. CGI Inc. (GIB): 51/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 17.9/35 | Capital efficiency 13.2/25 | Valuation 11.0/20 | Relative strength 9.1/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 17.9 + 13.2 + 11 + 9.1 = 51.2 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 10. Genpact Limited (G): 51/100 — Mixed-positive evidence; evidence 81% - Growth & earnings 15.1/35 | Capital efficiency 14.2/25 | Valuation 13.1/20 | Relative strength 8.4/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 15.1 + 14.2 + 13.1 + 8.4 = 50.8 - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. 11. ChronoScale Holdings Corporation (CHRN): 50/100 — Mixed-positive evidence; evidence 64% - Growth & earnings 20.0/35 | Capital efficiency 3.7/25 | Valuation 11.5/20 | Relative strength 14.8/20 - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks - Exact sum: 20 + 3.7 + 11.5 + 14.8 = 50 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 12. Cognizant Technology Solutions Corporation (CTSH): 49/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 15.6/35 | Capital efficiency 14.6/25 | Valuation 11.4/20 | Relative strength 7.2/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 15.6 + 14.6 + 11.4 + 7.2 = 48.8 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 13. CDW Corporation (CDW): 47/100 — Mixed-negative evidence; evidence 81% - Growth & earnings 13.9/35 | Capital efficiency 11.3/25 | Valuation 6.0/20 | Relative strength 15.7/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 13.9 + 11.3 + 6 + 15.7 = 46.9 - Decision use: Price leads the evidence: RS versus the benchmark is -0.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 14. CACI International Inc (CACI): 46/100 — Mixed-negative evidence; evidence 81% - Growth & earnings 18.0/35 | Capital efficiency 10.6/25 | Valuation 9.3/20 | Relative strength 8.0/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 18 + 10.6 + 9.3 + 8 = 45.9 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 15. Leidos Holdings, Inc. (LDOS): 45/100 — Mixed-negative evidence; evidence 68% - Growth & earnings 13.5/35 | Capital efficiency 12.1/25 | Valuation 14.5/20 | Relative strength 4.4/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 13.5 + 12.1 + 14.5 + 4.4 = 44.5 - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. 16. Cipher Digital Inc. (CIFR): 43/100 — Mixed-negative evidence; evidence 64% - Growth & earnings 17.5/35 | Capital efficiency 4.2/25 | Valuation 8.5/20 | Relative strength 13.1/20 - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 10 of the last 12 weeks - Exact sum: 17.5 + 4.2 + 8.5 + 13.1 = 43.3 - Decision use: Price leads the evidence: RS versus the benchmark is 8.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 17. EPAM Systems, Inc. (EPAM): 42/100 — Mixed-negative evidence; evidence 81% - Growth & earnings 18.6/35 | Capital efficiency 10.8/25 | Valuation 6.4/20 | Relative strength 6.1/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 18.6 + 10.8 + 6.4 + 6.1 = 41.9 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 18. International Business Machines Corporation (IBM): 40/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 16.4/35 | Capital efficiency 9.8/25 | Valuation 9.0/20 | Relative strength 5.1/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks - Exact sum: 16.4 + 9.8 + 9 + 5.1 = 40.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 19. Fidelity National Information Services, Inc. (FIS): 40/100 — Mixed-negative evidence; evidence 71% - Growth & earnings 12.7/35 | Capital efficiency 9.4/25 | Valuation 11.2/20 | Relative strength 6.5/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 12.7 + 9.4 + 11.2 + 6.5 = 39.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 20. Keel Infrastructure Corp. (KEEL): 40/100 — Mixed-negative evidence; evidence 64% - Growth & earnings 12.9/35 | Capital efficiency 3.9/25 | Valuation 9.5/20 | Relative strength 13.5/20 - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 11 of the last 12 weeks - Exact sum: 12.9 + 3.9 + 9.5 + 13.5 = 39.8 - Decision use: Price leads the evidence: RS versus the benchmark is 15.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 21. Pony AI Inc. (PONY): 40/100 — Mixed-negative evidence; evidence 61% - Growth & earnings 24.6/35 | Capital efficiency 4.0/25 | Valuation 10.0/20 | Relative strength 1.2/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 24.6 + 4 + 10 + 1.2 = 39.8 - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -42.4% and the one-year return is -45.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. 22. Accenture plc (ACN): 39/100 — Mixed-negative evidence; evidence 85% - Growth & earnings 12.2/35 | Capital efficiency 15.8/25 | Valuation 6.3/20 | Relative strength 4.9/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 12.2 + 15.8 + 6.3 + 4.9 = 39.2 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 23. Applied Digital Corporation (APLD): 38/100 — Thin evidence · provisional; evidence 55% - Growth & earnings 16.7/35 | Capital efficiency 4.5/25 | Valuation 10.0/20 | Relative strength 6.4/20 - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 8 of the last 12 weeks - Exact sum: 16.7 + 4.5 + 10 + 6.4 = 37.6 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 24. Kyndryl Holdings, Inc. (KD): 35/100 — Mixed-negative evidence; evidence 71% - Growth & earnings 11.9/35 | Capital efficiency 7.1/25 | Valuation 10.2/20 | Relative strength 6.0/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 11.9 + 7.1 + 10.2 + 6 = 35.2 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 25. Parsons Corporation (PSN): 35/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 13.9/35 | Capital efficiency 9.0/25 | Valuation 8.8/20 | Relative strength 3.1/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks - Exact sum: 13.9 + 9 + 8.8 + 3.1 = 34.8 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 26. Wise Group plc (WSE): 44/100 — Thin evidence · provisional; evidence 49% - Growth & earnings 16.2/35 | Capital efficiency 11.7/25 | Valuation 9.2/20 | Relative strength 6.5/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 16.2 + 11.7 + 9.2 + 6.5 = 43.6 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 27. NIQ Global Intelligence plc (NIQ): 38/100 — Thin evidence · provisional; evidence 47% - Growth & earnings 16.1/35 | Capital efficiency 4.9/25 | Valuation 10.0/20 | Relative strength 6.5/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks - Exact sum: 16.1 + 4.9 + 10 + 6.5 = 37.5 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. ## Market action ChronoScale Holdings Corporation has the strongest one-year price move in Information Technology Services at +717.7%. It also leads on Mansfield relative strength against the S&P 500 at +112.4%. 7 of 27 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04. ### Strongest one-year price performers 1. ChronoScale Holdings Corporation (CHRN): 718% 2. Cipher Digital Inc. (CIFR): 329% 3. Keel Infrastructure Corp. (KEEL): 232% 4. Penguin Solutions, Inc. (PENG): 149% 5. Applied Digital Corporation (APLD): 120% ### Strongest relative strength versus NIFTY 500 1. ChronoScale Holdings Corporation (CHRN): 112% 2. Penguin Solutions, Inc. (PENG): 67% 3. Keel Infrastructure Corp. (KEEL): 16% 4. Ingram Micro Holding Corporation (INGM): 11% 5. Cipher Digital Inc. (CIFR): 8.2% ## Revenue Scale & Growth Durability What the numbers say: Accenture plc is the scale leader at $73,100 million, 219.1% ahead of CDW Corporation. Keel Infrastructure Corp.'s growth is 51.6% from a $235 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Accenture plc is the scale benchmark; Keel Infrastructure Corp. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Accenture plc's growth falls below Keel Infrastructure Corp.'s for two consecutive comparable reports while operating margin also compresses. Evidence: Accenture plc · $73,100 million | 219.1% versus #2 · CDW Corporation | 8/8 recent comparable periods | 18/27 companies · 479 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Accenture plc (ACN): ₹73.1K Cr 2. CDW Corporation (CDW): ₹22.9K Cr 3. Leidos Holdings, Inc. (LDOS): ₹17.3K Cr 4. Kyndryl Holdings, Inc. (KD): ₹15.1K Cr 5. Fidelity National Information Services, Inc. (FIS): ₹11.4K Cr ### Revenue growth — fastest growers 1. Keel Infrastructure Corp. (KEEL): 52% 2. Pony AI Inc. (PONY): 42% 3. Innodata Inc. (INOD): 40% 4. Cipher Digital Inc. (CIFR): 39% 5. EPAM Systems, Inc. (EPAM): 14% ### 20-quarter Revenue history - IBM: Sep 2021 ₹13.3K Cr | Dec 2021 ₹16.7K Cr | Mar 2022 ₹14.2K Cr | Jun 2022 ₹15.5K Cr | Sep 2022 ₹14.1K Cr | Dec 2022 ₹16.7K Cr | Mar 2023 ₹14.5K Cr | Jun 2023 ₹15.5K Cr | Sep 2023 ₹14.8K Cr | Dec 2023 ₹17.4K Cr | Mar 2024 ₹14.5K Cr | Jun 2024 ₹15.8K Cr | Sep 2024 ₹15.0K Cr | Dec 2024 ₹17.6K Cr | Mar 2025 ₹14.5K Cr | Jun 2025 ₹17.0K Cr | Sep 2025 ₹16.3K Cr | Dec 2025 ₹19.7K Cr | Mar 2026 ₹15.9K Cr | Jun 2026 — - ACN: Sep 2021 ₹13.4K Cr | Dec 2021 ₹15.0K Cr | Mar 2022 ₹15.0K Cr | Jun 2022 ₹16.2K Cr | Sep 2022 ₹15.4K Cr | Dec 2022 ₹15.7K Cr | Mar 2023 ₹15.8K Cr | Jun 2023 ₹16.6K Cr | Sep 2023 ₹16.0K Cr | Dec 2023 ₹16.2K Cr | Mar 2024 ₹15.8K Cr | Jun 2024 ₹16.5K Cr | Sep 2024 ₹16.4K Cr | Dec 2024 ₹17.7K Cr | Mar 2025 ₹16.7K Cr | Jun 2025 ₹17.7K Cr | Sep 2025 ₹17.6K Cr | Dec 2025 ₹18.7K Cr | Mar 2026 ₹18.0K Cr | Jun 2026 ₹18.7K Cr - CTSH: Sep 2021 ₹4.7K Cr | Dec 2021 ₹4.8K Cr | Mar 2022 ₹4.8K Cr | Jun 2022 ₹4.9K Cr | Sep 2022 ₹4.9K Cr | Dec 2022 ₹4.8K Cr | Mar 2023 ₹4.8K Cr | Jun 2023 ₹4.9K Cr | Sep 2023 ₹4.9K Cr | Dec 2023 ₹4.8K Cr | Mar 2024 ₹4.8K Cr | Jun 2024 ₹4.9K Cr | Sep 2024 ₹5.0K Cr | Dec 2024 ₹5.1K Cr | Mar 2025 ₹5.1K Cr | Jun 2025 ₹5.2K Cr | Sep 2025 ₹5.4K Cr | Dec 2025 ₹5.3K Cr | Mar 2026 ₹5.4K Cr | Jun 2026 — - FIS: Sep 2021 ₹3.5K Cr | Dec 2021 ₹3.7K Cr | Mar 2022 ₹3.5K Cr | Jun 2022 ₹3.7K Cr | Sep 2022 ₹2.4K Cr | Dec 2022 ₹2.5K Cr | Mar 2023 ₹2.4K Cr | Jun 2023 ₹2.4K Cr | Sep 2023 ₹2.5K Cr | Dec 2023 ₹2.5K Cr | Mar 2024 ₹2.5K Cr | Jun 2024 ₹2.5K Cr | Sep 2024 ₹2.6K Cr | Dec 2024 ₹2.6K Cr | Mar 2025 ₹2.5K Cr | Jun 2025 ₹2.6K Cr | Sep 2025 ₹2.7K Cr | Dec 2025 ₹2.8K Cr | Mar 2026 ₹3.3K Cr | Jun 2026 — - CDW: Sep 2021 ₹5.3K Cr | Dec 2021 ₹5.5K Cr | Mar 2022 ₹5.9K Cr | Jun 2022 ₹6.1K Cr | Sep 2022 ₹6.2K Cr | Dec 2022 ₹5.4K Cr | Mar 2023 ₹5.1K Cr | Jun 2023 ₹5.6K Cr | Sep 2023 ₹5.6K Cr | Dec 2023 ₹5.0K Cr | Mar 2024 ₹4.9K Cr | Jun 2024 ₹5.4K Cr | Sep 2024 ₹5.5K Cr | Dec 2024 ₹5.2K Cr | Mar 2025 ₹5.2K Cr | Jun 2025 ₹6.0K Cr | Sep 2025 ₹5.7K Cr | Dec 2025 ₹5.5K Cr | Mar 2026 ₹5.7K Cr | Jun 2026 — - BR: Sep 2021 ₹1.2K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.5K Cr | Jun 2022 ₹1.7K Cr | Sep 2022 ₹1.3K Cr | Dec 2022 ₹1.3K Cr | Mar 2023 ₹1.6K Cr | Jun 2023 ₹1.8K Cr | Sep 2023 ₹1.4K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹1.7K Cr | Jun 2024 ₹1.9K Cr | Sep 2024 ₹1.4K Cr | Dec 2024 ₹1.6K Cr | Mar 2025 ₹1.8K Cr | Jun 2025 ₹2.1K Cr | Sep 2025 ₹1.6K Cr | Dec 2025 ₹1.7K Cr | Mar 2026 ₹2.0K Cr | Jun 2026 — - LDOS: Sep 2021 ₹3.4K Cr | Dec 2021 ₹3.5K Cr | Mar 2022 — | Jun 2022 ₹3.5K Cr | Sep 2022 ₹3.6K Cr | Dec 2022 ₹3.7K Cr | Mar 2023 ₹3.7K Cr | Jun 2023 ₹3.8K Cr | Sep 2023 ₹3.9K Cr | Dec 2023 ₹4.0K Cr | Mar 2024 ₹4.0K Cr | Jun 2024 ₹4.1K Cr | Sep 2024 ₹4.2K Cr | Dec 2024 — | Mar 2025 ₹4.4K Cr | Jun 2025 ₹4.2K Cr | Sep 2025 ₹4.3K Cr | Dec 2025 ₹4.5K Cr | Mar 2026 ₹4.2K Cr | Jun 2026 ₹4.4K Cr - GIB: Sep 2021 ₹3.0K Cr | Dec 2021 ₹3.1K Cr | Mar 2022 ₹3.3K Cr | Jun 2022 ₹3.3K Cr | Sep 2022 ₹3.2K Cr | Dec 2022 ₹3.5K Cr | Mar 2023 ₹3.7K Cr | Jun 2023 ₹3.6K Cr | Sep 2023 ₹3.5K Cr | Dec 2023 ₹3.6K Cr | Mar 2024 ₹3.7K Cr | Jun 2024 ₹3.7K Cr | Sep 2024 ₹3.7K Cr | Dec 2024 ₹3.8K Cr | Mar 2025 ₹4.0K Cr | Jun 2025 ₹4.1K Cr | Sep 2025 ₹4.0K Cr | Dec 2025 ₹4.1K Cr | Mar 2026 ₹4.2K Cr | Jun 2026 — - WSE: Sep 2021 ₹172 Cr | Dec 2021 ₹194 Cr | Mar 2022 ₹194 Cr | Jun 2022 ₹232 Cr | Sep 2022 ₹232 Cr | Dec 2022 ₹363 Cr | Mar 2023 ₹363 Cr | Jun 2023 ₹400 Cr | Sep 2023 ₹400 Cr | Dec 2023 — | Mar 2024 — | Jun 2024 ₹540 Cr | Sep 2024 ₹540 Cr | Dec 2024 — | Mar 2025 — | Jun 2025 ₹593 Cr | Sep 2025 ₹593 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 — - IT: Sep 2021 ₹1.2K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.4K Cr | Sep 2022 ₹1.3K Cr | Dec 2022 ₹1.5K Cr | Mar 2023 ₹1.4K Cr | Jun 2023 ₹1.5K Cr | Sep 2023 ₹1.4K Cr | Dec 2023 ₹1.6K Cr | Mar 2024 ₹1.5K Cr | Jun 2024 ₹1.6K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.7K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.7K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.8K Cr | Mar 2026 ₹1.5K Cr | Jun 2026 — - CACI: Sep 2021 ₹1.5K Cr | Dec 2021 ₹1.5K Cr | Mar 2022 ₹1.6K Cr | Jun 2022 ₹1.6K Cr | Sep 2022 ₹1.6K Cr | Dec 2022 ₹1.6K Cr | Mar 2023 ₹1.7K Cr | Jun 2023 ₹1.7K Cr | Sep 2023 ₹1.9K Cr | Dec 2023 ₹1.8K Cr | Mar 2024 ₹1.9K Cr | Jun 2024 ₹2.0K Cr | Sep 2024 ₹2.1K Cr | Dec 2024 ₹2.1K Cr | Mar 2025 ₹2.2K Cr | Jun 2025 ₹2.3K Cr | Sep 2025 ₹2.3K Cr | Dec 2025 ₹2.2K Cr | Mar 2026 ₹2.4K Cr | Jun 2026 — - JKHY: Sep 2021 ₹488 Cr | Dec 2021 ₹494 Cr | Mar 2022 ₹478 Cr | Jun 2022 ₹483 Cr | Sep 2022 ₹529 Cr | Dec 2022 ₹505 Cr | Mar 2023 ₹509 Cr | Jun 2023 ₹535 Cr | Sep 2023 ₹571 Cr | Dec 2023 ₹546 Cr | Mar 2024 ₹539 Cr | Jun 2024 ₹560 Cr | Sep 2024 ₹601 Cr | Dec 2024 ₹574 Cr | Mar 2025 ₹585 Cr | Jun 2025 ₹615 Cr | Sep 2025 ₹645 Cr | Dec 2025 ₹619 Cr | Mar 2026 ₹636 Cr | Jun 2026 — - APLD: Sep 2021 — | Dec 2021 — | Mar 2022 ₹1 Cr | Jun 2022 ₹8 Cr | Sep 2022 ₹7 Cr | Dec 2022 ₹12 Cr | Mar 2023 ₹14 Cr | Jun 2023 ₹22 Cr | Sep 2023 ₹36 Cr | Dec 2023 ₹42 Cr | Mar 2024 ₹43 Cr | Jun 2024 ₹44 Cr | Sep 2024 ₹35 Cr | Dec 2024 ₹36 Cr | Mar 2025 ₹53 Cr | Jun 2025 ₹38 Cr | Sep 2025 ₹64 Cr | Dec 2025 ₹127 Cr | Mar 2026 ₹127 Cr | Jun 2026 — - CIFR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹3 Cr | Mar 2023 ₹22 Cr | Jun 2023 ₹31 Cr | Sep 2023 ₹30 Cr | Dec 2023 ₹43 Cr | Mar 2024 ₹48 Cr | Jun 2024 ₹37 Cr | Sep 2024 ₹24 Cr | Dec 2024 ₹42 Cr | Mar 2025 ₹49 Cr | Jun 2025 ₹44 Cr | Sep 2025 ₹72 Cr | Dec 2025 ₹60 Cr | Mar 2026 ₹35 Cr | Jun 2026 — - INGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹13.3K Cr | Sep 2022 — | Dec 2022 ₹12.7K Cr | Mar 2023 — | Jun 2023 ₹11.6K Cr | Sep 2023 ₹11.5K Cr | Dec 2023 ₹13.0K Cr | Mar 2024 ₹11.3K Cr | Jun 2024 ₹11.5K Cr | Sep 2024 ₹11.8K Cr | Dec 2024 ₹13.3K Cr | Mar 2025 ₹12.3K Cr | Jun 2025 ₹12.8K Cr | Sep 2025 ₹12.6K Cr | Dec 2025 ₹14.9K Cr | Mar 2026 ₹14.0K Cr | Jun 2026 — - G: Sep 2021 ₹1.0K Cr | Dec 2021 ₹1.1K Cr | Mar 2022 ₹1.1K Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹1.1K Cr | Mar 2023 ₹1.1K Cr | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹1.2K Cr | Jun 2025 ₹1.3K Cr | Sep 2025 ₹1.3K Cr | Dec 2025 ₹1.3K Cr | Mar 2026 ₹1.3K Cr | Jun 2026 — - EPAM: Sep 2021 ₹989 Cr | Dec 2021 ₹1.1K Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹1.2K Cr | Sep 2022 ₹1.2K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹1.2K Cr | Sep 2023 ₹1.2K Cr | Dec 2023 ₹1.2K Cr | Mar 2024 ₹1.2K Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹1.3K Cr | Jun 2025 ₹1.4K Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.4K Cr | Jun 2026 — - EXLS: Sep 2021 ₹290 Cr | Dec 2021 ₹295 Cr | Mar 2022 ₹329 Cr | Jun 2022 ₹347 Cr | Sep 2022 ₹361 Cr | Dec 2022 ₹375 Cr | Mar 2023 ₹401 Cr | Jun 2023 ₹405 Cr | Sep 2023 ₹411 Cr | Dec 2023 ₹414 Cr | Mar 2024 ₹437 Cr | Jun 2024 ₹448 Cr | Sep 2024 ₹472 Cr | Dec 2024 ₹481 Cr | Mar 2025 ₹501 Cr | Jun 2025 ₹514 Cr | Sep 2025 ₹530 Cr | Dec 2025 ₹543 Cr | Mar 2026 ₹570 Cr | Jun 2026 — - PSN: Sep 2021 ₹956 Cr | Dec 2021 ₹951 Cr | Mar 2022 ₹949 Cr | Jun 2022 ₹1.0K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹1.1K Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹1.4K Cr | Sep 2023 ₹1.4K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.5K Cr | Jun 2024 ₹1.7K Cr | Sep 2024 ₹1.8K Cr | Dec 2024 ₹1.7K Cr | Mar 2025 ₹1.6K Cr | Jun 2025 ₹1.6K Cr | Sep 2025 ₹1.6K Cr | Dec 2025 ₹1.6K Cr | Mar 2026 ₹1.5K Cr | Jun 2026 — - SAIC: Sep 2021 ₹1.8K Cr | Dec 2021 ₹1.9K Cr | Mar 2022 ₹1.8K Cr | Jun 2022 ₹2.0K Cr | Sep 2022 ₹1.8K Cr | Dec 2022 ₹1.9K Cr | Mar 2023 ₹2.0K Cr | Jun 2023 ₹2.0K Cr | Sep 2023 ₹1.8K Cr | Dec 2023 ₹1.9K Cr | Mar 2024 ₹1.7K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹1.8K Cr | Dec 2024 ₹2.0K Cr | Mar 2025 ₹1.8K Cr | Jun 2025 ₹1.9K Cr | Sep 2025 ₹1.8K Cr | Dec 2025 ₹1.9K Cr | Mar 2026 ₹1.8K Cr | Jun 2026 ₹1.9K Cr - CHRN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹3 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹4 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹5 Cr | Sep 2023 ₹5 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹4 Cr | Jun 2024 ₹10 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹18 Cr | Jun 2025 ₹13 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹-59 Cr | Mar 2026 ₹18 Cr | Jun 2026 — - PONY: Sep 2021 — | Dec 2021 — | Mar 2022 ₹4 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹30 Cr | Dec 2022 ₹30 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹9 Cr | Dec 2023 ₹51 Cr | Mar 2024 ₹13 Cr | Jun 2024 ₹12 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹36 Cr | Mar 2025 ₹14 Cr | Jun 2025 ₹21 Cr | Sep 2025 ₹25 Cr | Dec 2025 ₹29 Cr | Mar 2026 ₹34 Cr | Jun 2026 — - NIQ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹982 Cr | Dec 2024 ₹1.0K Cr | Mar 2025 ₹966 Cr | Jun 2025 — | Sep 2025 ₹1.1K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.1K Cr | Jun 2026 — - KD: Sep 2021 ₹4.6K Cr | Dec 2021 ₹4.6K Cr | Mar 2022 ₹4.4K Cr | Jun 2022 ₹4.3K Cr | Sep 2022 ₹4.2K Cr | Dec 2022 ₹4.3K Cr | Mar 2023 ₹4.3K Cr | Jun 2023 ₹4.2K Cr | Sep 2023 ₹4.1K Cr | Dec 2023 ₹3.9K Cr | Mar 2024 ₹3.9K Cr | Jun 2024 ₹3.7K Cr | Sep 2024 ₹3.8K Cr | Dec 2024 ₹3.7K Cr | Mar 2025 ₹3.8K Cr | Jun 2025 ₹3.7K Cr | Sep 2025 ₹3.7K Cr | Dec 2025 ₹3.9K Cr | Mar 2026 ₹3.8K Cr | Jun 2026 — - PENG: Sep 2021 ₹468 Cr | Dec 2021 ₹470 Cr | Mar 2022 ₹449 Cr | Jun 2022 ₹463 Cr | Sep 2022 ₹438 Cr | Dec 2022 ₹392 Cr | Mar 2023 ₹388 Cr | Jun 2023 ₹344 Cr | Sep 2023 ₹317 Cr | Dec 2023 ₹274 Cr | Mar 2024 ₹285 Cr | Jun 2024 ₹301 Cr | Sep 2024 ₹311 Cr | Dec 2024 ₹341 Cr | Mar 2025 ₹366 Cr | Jun 2025 ₹324 Cr | Sep 2025 ₹338 Cr | Dec 2025 ₹343 Cr | Mar 2026 ₹343 Cr | Jun 2026 ₹479 Cr - KEEL: Sep 2021 ₹45 Cr | Dec 2021 ₹60 Cr | Mar 2022 ₹40 Cr | Jun 2022 ₹42 Cr | Sep 2022 ₹33 Cr | Dec 2022 ₹27 Cr | Mar 2023 ₹30 Cr | Jun 2023 ₹35 Cr | Sep 2023 ₹35 Cr | Dec 2023 ₹46 Cr | Mar 2024 ₹50 Cr | Jun 2024 ₹42 Cr | Sep 2024 ₹27 Cr | Dec 2024 ₹38 Cr | Mar 2025 ₹48 Cr | Jun 2025 ₹77 Cr | Sep 2025 ₹68 Cr | Dec 2025 ₹53 Cr | Mar 2026 ₹37 Cr | Jun 2026 — - INOD: Sep 2021 ₹17 Cr | Dec 2021 ₹19 Cr | Mar 2022 ₹21 Cr | Jun 2022 ₹20 Cr | Sep 2022 ₹18 Cr | Dec 2022 ₹19 Cr | Mar 2023 ₹19 Cr | Jun 2023 ₹20 Cr | Sep 2023 ₹22 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹27 Cr | Jun 2024 ₹33 Cr | Sep 2024 ₹52 Cr | Dec 2024 ₹59 Cr | Mar 2025 ₹58 Cr | Jun 2025 ₹58 Cr | Sep 2025 ₹63 Cr | Dec 2025 ₹72 Cr | Mar 2026 ₹90 Cr | Jun 2026 — ### 20-quarter Revenue growth history - IBM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 9.3% | Sep 2022 6.5% | Dec 2022 -0.0% | Mar 2023 2.4% | Jun 2023 -0.4% | Sep 2023 4.6% | Dec 2023 4.1% | Mar 2024 -0.5% | Jun 2024 1.9% | Sep 2024 1.5% | Dec 2024 1.0% | Mar 2025 0.6% | Jun 2025 7.7% | Sep 2025 9.1% | Dec 2025 12% | Mar 2026 9.5% | Jun 2026 — - ACN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 15% | Dec 2022 5.2% | Mar 2023 5.1% | Jun 2023 2.5% | Sep 2023 3.6% | Dec 2023 3.0% | Mar 2024 -0.1% | Jun 2024 -0.6% | Sep 2024 2.6% | Dec 2024 9.0% | Mar 2025 5.4% | Jun 2025 7.7% | Sep 2025 7.3% | Dec 2025 6.0% | Mar 2026 8.3% | Jun 2026 5.6% - CTSH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.0% | Sep 2022 2.4% | Dec 2022 1.3% | Mar 2023 -0.3% | Jun 2023 -0.4% | Sep 2023 0.8% | Dec 2023 -1.7% | Mar 2024 -1.1% | Jun 2024 -0.7% | Sep 2024 3.0% | Dec 2024 6.8% | Mar 2025 7.5% | Jun 2025 8.1% | Sep 2025 7.4% | Dec 2025 4.9% | Mar 2026 5.8% | Jun 2026 — - FIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.0% | Sep 2022 -31% | Dec 2022 -31% | Mar 2023 -31% | Jun 2023 -35% | Sep 2023 3.2% | Dec 2023 -0.5% | Mar 2024 3.0% | Jun 2024 2.7% | Sep 2024 3.1% | Dec 2024 3.4% | Mar 2025 2.6% | Jun 2025 5.1% | Sep 2025 5.7% | Dec 2025 8.2% | Mar 2026 30% | Jun 2026 — - CDW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 19% | Sep 2022 17% | Dec 2022 -1.8% | Mar 2023 -14% | Jun 2023 -8.5% | Sep 2023 -9.5% | Dec 2023 -7.7% | Mar 2024 -4.5% | Jun 2024 -3.6% | Sep 2024 -2.0% | Dec 2024 3.3% | Mar 2025 6.7% | Jun 2025 10% | Sep 2025 4.0% | Dec 2025 6.3% | Mar 2026 9.3% | Jun 2026 — - BR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 12% | Sep 2022 7.5% | Dec 2022 2.6% | Mar 2023 7.3% | Jun 2023 6.7% | Sep 2023 12% | Dec 2023 8.7% | Mar 2024 4.9% | Jun 2024 5.7% | Sep 2024 -0.6% | Dec 2024 13% | Mar 2025 4.9% | Jun 2025 6.2% | Sep 2025 12% | Dec 2025 7.9% | Mar 2026 7.8% | Jun 2026 — - LDOS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 4.3% | Dec 2022 6.1% | Mar 2023 — | Jun 2023 9.9% | Sep 2023 9.0% | Dec 2023 7.7% | Mar 2024 7.5% | Jun 2024 7.7% | Sep 2024 6.9% | Dec 2024 — | Mar 2025 9.8% | Jun 2025 2.7% | Sep 2025 1.5% | Dec 2025 — | Mar 2026 -3.6% | Jun 2026 3.7% - GIB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.9% | Sep 2022 8.0% | Dec 2022 12% | Mar 2023 14% | Jun 2023 11% | Sep 2023 8.0% | Dec 2023 4.4% | Mar 2024 0.7% | Jun 2024 1.4% | Sep 2024 4.4% | Dec 2024 5.1% | Mar 2025 7.5% | Jun 2025 11% | Sep 2025 9.7% | Dec 2025 7.7% | Mar 2026 3.3% | Jun 2026 — - WSE: Sep 2021 39% | Dec 2021 23% | Mar 2022 23% | Jun 2022 35% | Sep 2022 35% | Dec 2022 87% | Mar 2023 87% | Jun 2023 72% | Sep 2023 72% | Dec 2023 — | Mar 2024 — | Jun 2024 35% | Sep 2024 35% | Dec 2024 — | Mar 2025 — | Jun 2025 9.8% | Sep 2025 9.8% | Dec 2025 — | Mar 2026 — | Jun 2026 — - IT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 18% | Sep 2022 15% | Dec 2022 15% | Mar 2023 12% | Jun 2023 9.2% | Sep 2023 5.8% | Dec 2023 5.4% | Mar 2024 4.5% | Jun 2024 6.1% | Sep 2024 5.3% | Dec 2024 8.1% | Mar 2025 4.1% | Jun 2025 5.7% | Sep 2025 2.7% | Dec 2025 2.2% | Mar 2026 -1.5% | Jun 2026 — - CACI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 5.0% | Sep 2022 7.7% | Dec 2022 11% | Mar 2023 10% | Jun 2023 3.7% | Sep 2023 15% | Dec 2023 11% | Mar 2024 11% | Jun 2024 20% | Sep 2024 11% | Dec 2024 15% | Mar 2025 12% | Jun 2025 13% | Sep 2025 11% | Dec 2025 5.7% | Mar 2026 8.5% | Jun 2026 — - JKHY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.3% | Sep 2022 8.4% | Dec 2022 2.2% | Mar 2023 6.5% | Jun 2023 11% | Sep 2023 7.9% | Dec 2023 8.1% | Mar 2024 5.9% | Jun 2024 4.7% | Sep 2024 5.3% | Dec 2024 5.1% | Mar 2025 8.5% | Jun 2025 9.8% | Sep 2025 7.3% | Dec 2025 7.8% | Mar 2026 8.7% | Jun 2026 — - APLD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1,300% | Jun 2023 175% | Sep 2023 414% | Dec 2023 250% | Mar 2024 207% | Jun 2024 100% | Sep 2024 -2.8% | Dec 2024 -14% | Mar 2025 23% | Jun 2025 -14% | Sep 2025 83% | Dec 2025 253% | Mar 2026 140% | Jun 2026 — - CIFR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 1,333% | Mar 2024 118% | Jun 2024 19% | Sep 2024 -20% | Dec 2024 -2.3% | Mar 2025 2.1% | Jun 2025 19% | Sep 2025 200% | Dec 2025 43% | Mar 2026 -29% | Jun 2026 — - INGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 -13% | Sep 2023 — | Dec 2023 2.3% | Mar 2024 — | Jun 2024 -0.2% | Sep 2024 2.1% | Dec 2024 2.5% | Mar 2025 8.4% | Jun 2025 11% | Sep 2025 7.2% | Dec 2025 11% | Mar 2026 14% | Jun 2026 — - G: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 10% | Sep 2022 9.4% | Dec 2022 2.9% | Mar 2023 2.0% | Jun 2023 1.6% | Sep 2023 2.3% | Dec 2023 3.9% | Mar 2024 3.9% | Jun 2024 6.3% | Sep 2024 6.6% | Dec 2024 9.0% | Mar 2025 7.4% | Jun 2025 6.6% | Sep 2025 6.6% | Dec 2025 5.6% | Mar 2026 6.7% | Jun 2026 — - EPAM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 36% | Sep 2022 24% | Dec 2022 11% | Mar 2023 3.3% | Jun 2023 -2.1% | Sep 2023 -6.1% | Dec 2023 -6.0% | Mar 2024 -3.8% | Jun 2024 -2.0% | Sep 2024 1.4% | Dec 2024 7.9% | Mar 2025 12% | Jun 2025 18% | Sep 2025 19% | Dec 2025 13% | Mar 2026 7.5% | Jun 2026 — - EXLS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 26% | Sep 2022 24% | Dec 2022 27% | Mar 2023 22% | Jun 2023 17% | Sep 2023 14% | Dec 2023 10% | Mar 2024 9.0% | Jun 2024 11% | Sep 2024 15% | Dec 2024 16% | Mar 2025 15% | Jun 2025 15% | Sep 2025 12% | Dec 2025 13% | Mar 2026 14% | Jun 2026 — - PSN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 15% | Sep 2022 19% | Dec 2022 16% | Mar 2023 24% | Jun 2023 34% | Sep 2023 25% | Dec 2023 35% | Mar 2024 31% | Jun 2024 23% | Sep 2024 28% | Dec 2024 16% | Mar 2025 1.2% | Jun 2025 -5.2% | Sep 2025 -10% | Dec 2025 -7.5% | Mar 2026 -4.1% | Jun 2026 — - SAIC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -0.3% | Dec 2022 0.6% | Mar 2023 10% | Jun 2023 1.6% | Sep 2023 -2.6% | Dec 2023 -0.7% | Mar 2024 -12% | Jun 2024 -8.9% | Sep 2024 1.9% | Dec 2024 4.3% | Mar 2025 5.8% | Jun 2025 1.6% | Sep 2025 -2.7% | Dec 2025 -5.6% | Mar 2026 -4.8% | Jun 2026 1.6% - CHRN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 67% | Sep 2023 67% | Dec 2023 25% | Mar 2024 0.0% | Jun 2024 100% | Sep 2024 -20% | Dec 2024 0.0% | Mar 2025 350% | Jun 2025 30% | Sep 2025 0.0% | Dec 2025 -1,280% | Mar 2026 0.0% | Jun 2026 — - PONY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 50% | Jun 2023 50% | Sep 2023 -70% | Dec 2023 70% | Mar 2024 117% | Jun 2024 100% | Sep 2024 67% | Dec 2024 -29% | Mar 2025 7.7% | Jun 2025 75% | Sep 2025 67% | Dec 2025 -19% | Mar 2026 143% | Jun 2026 — - NIQ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 7.2% | Dec 2025 9.2% | Mar 2026 11% | Jun 2026 — - KD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -9.8% | Sep 2022 -8.7% | Dec 2022 -5.6% | Mar 2023 -4.0% | Jun 2023 -2.2% | Sep 2023 -2.5% | Dec 2023 -8.5% | Mar 2024 -9.5% | Jun 2024 -11% | Sep 2024 -7.3% | Dec 2024 -4.9% | Mar 2025 -1.3% | Jun 2025 0.1% | Sep 2025 -1.4% | Dec 2025 3.1% | Mar 2026 -0.8% | Jun 2026 — - PENG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -6.4% | Dec 2022 -17% | Mar 2023 -14% | Jun 2023 -26% | Sep 2023 -28% | Dec 2023 -30% | Mar 2024 -27% | Jun 2024 -13% | Sep 2024 -1.9% | Dec 2024 24% | Mar 2025 28% | Jun 2025 7.6% | Sep 2025 8.7% | Dec 2025 0.6% | Mar 2026 -6.3% | Jun 2026 48% - KEEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 14% | Sep 2022 -27% | Dec 2022 -55% | Mar 2023 -25% | Jun 2023 -17% | Sep 2023 6.1% | Dec 2023 70% | Mar 2024 67% | Jun 2024 20% | Sep 2024 -23% | Dec 2024 -17% | Mar 2025 -4.0% | Jun 2025 83% | Sep 2025 152% | Dec 2025 39% | Mar 2026 -23% | Jun 2026 — - INOD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 18% | Sep 2022 5.9% | Dec 2022 0.0% | Mar 2023 -9.5% | Jun 2023 0.0% | Sep 2023 22% | Dec 2023 37% | Mar 2024 42% | Jun 2024 65% | Sep 2024 136% | Dec 2024 127% | Mar 2025 115% | Jun 2025 76% | Sep 2025 21% | Dec 2025 22% | Mar 2026 55% | Jun 2026 — ## Operating Economics & Margin Trend What the numbers say: Wise Group plc leads opm at 30.1%; Pony AI Inc. leads margin change at +230.6 percentage points. Investor read: Wise Group plc sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: Wise Group plc · 30.1% | 23.4% versus #2 · Jack Henry & Associates, Inc. | 6/8 recent comparable periods | 27/27 companies · 476 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Wise Group plc (WSE): 30% 2. Jack Henry & Associates, Inc. (JKHY): 24% 3. Gartner, Inc. (IT): 21% 4. Innodata Inc. (INOD): 19% 5. Broadridge Financial Solutions, Inc. (BR): 18% ### Margin change — fastest expanders 1. Pony AI Inc. (PONY): +230.6 pp 2. ChronoScale Holdings Corporation (CHRN): +55.9 pp 3. Penguin Solutions, Inc. (PENG): +7.6 pp 4. Innodata Inc. (INOD): +4.6 pp 5. Science Applications International Corporation (SAIC): +3.0 pp ### 20-quarter OPM history - IBM: Sep 2021 8.3% | Dec 2021 19% | Mar 2022 6.6% | Jun 2022 13% | Sep 2022 -30% | Dec 2022 22% | Mar 2023 11% | Jun 2023 16% | Sep 2023 16% | Dec 2023 24% | Mar 2024 10% | Jun 2024 17% | Sep 2024 -2.5% | Dec 2024 21% | Mar 2025 11% | Jun 2025 18% | Sep 2025 18% | Dec 2025 24% | Mar 2026 12% | Jun 2026 — - ACN: Sep 2021 15% | Dec 2021 16% | Mar 2022 14% | Jun 2022 16% | Sep 2022 15% | Dec 2022 17% | Mar 2023 12% | Jun 2023 14% | Sep 2023 12% | Dec 2023 16% | Mar 2024 13% | Jun 2024 16% | Sep 2024 14% | Dec 2024 17% | Mar 2025 14% | Jun 2025 17% | Sep 2025 12% | Dec 2025 15% | Mar 2026 14% | Jun 2026 17% - CTSH: Sep 2021 15% | Dec 2021 15% | Mar 2022 15% | Jun 2022 16% | Sep 2022 16% | Dec 2022 14% | Mar 2023 15% | Jun 2023 12% | Sep 2023 14% | Dec 2023 15% | Mar 2024 15% | Jun 2024 15% | Sep 2024 15% | Dec 2024 15% | Mar 2025 17% | Jun 2025 16% | Sep 2025 16% | Dec 2025 34% | Mar 2026 16% | Jun 2026 — - FIS: Sep 2021 3.9% | Dec 2021 12% | Mar 2022 4.5% | Jun 2022 10% | Sep 2022 16% | Dec 2022 13% | Mar 2023 13% | Jun 2023 15% | Sep 2023 19% | Dec 2023 13% | Mar 2024 14% | Jun 2024 15% | Sep 2024 19% | Dec 2024 19% | Mar 2025 14% | Jun 2025 16% | Sep 2025 17% | Dec 2025 19% | Mar 2026 13% | Jun 2026 — - CDW: Sep 2021 7.3% | Dec 2021 6.1% | Mar 2022 6.5% | Jun 2022 7.1% | Sep 2022 7.5% | Dec 2022 8.2% | Mar 2023 7.0% | Jun 2023 7.3% | Sep 2023 8.5% | Dec 2023 8.7% | Mar 2024 6.7% | Jun 2024 8.0% | Sep 2024 8.7% | Dec 2024 7.9% | Mar 2025 7.0% | Jun 2025 7.0% | Sep 2025 7.7% | Dec 2025 7.8% | Mar 2026 6.6% | Jun 2026 — - BR: Sep 2021 8.7% | Dec 2021 5.5% | Mar 2022 16% | Jun 2022 20% | Sep 2022 6.8% | Dec 2022 8.3% | Mar 2023 17% | Jun 2023 25% | Sep 2023 10% | Dec 2023 8.9% | Mar 2024 18% | Jun 2024 23% | Sep 2024 9.4% | Dec 2024 13% | Mar 2025 19% | Jun 2025 24% | Sep 2025 12% | Dec 2025 12% | Mar 2026 18% | Jun 2026 — - LDOS: Sep 2021 7.8% | Dec 2021 8.8% | Mar 2022 — | Jun 2022 7.8% | Sep 2022 7.5% | Dec 2022 7.2% | Mar 2023 7.2% | Jun 2023 8.6% | Sep 2023 -8.6% | Dec 2023 9.1% | Mar 2024 10% | Jun 2024 12% | Sep 2024 12% | Dec 2024 — | Mar 2025 9.6% | Jun 2025 13% | Sep 2025 13% | Dec 2025 12% | Mar 2026 11% | Jun 2026 12% - GIB: Sep 2021 15% | Dec 2021 16% | Mar 2022 15% | Jun 2022 15% | Sep 2022 15% | Dec 2022 15% | Mar 2023 15% | Jun 2023 15% | Sep 2023 16% | Dec 2023 15% | Mar 2024 15% | Jun 2024 16% | Sep 2024 16% | Dec 2024 16% | Mar 2025 15% | Jun 2025 14% | Sep 2025 13% | Dec 2025 15% | Mar 2026 15% | Jun 2026 — - WSE: Sep 2021 8.3% | Dec 2021 9.1% | Mar 2022 9.1% | Jun 2022 13% | Sep 2022 13% | Dec 2022 18% | Mar 2023 18% | Jun 2023 31% | Sep 2023 31% | Dec 2023 — | Mar 2024 — | Jun 2024 37% | Sep 2024 37% | Dec 2024 — | Mar 2025 — | Jun 2025 30% | Sep 2025 30% | Dec 2025 — | Mar 2026 — | Jun 2026 — - IT: Sep 2021 20% | Dec 2021 14% | Mar 2022 17% | Jun 2022 22% | Sep 2022 19% | Dec 2022 22% | Mar 2023 29% | Jun 2023 19% | Sep 2023 17% | Dec 2023 19% | Mar 2024 19% | Jun 2024 20% | Sep 2024 17% | Dec 2024 19% | Mar 2025 18% | Jun 2025 19% | Sep 2025 5.7% | Dec 2025 19% | Mar 2026 21% | Jun 2026 — - CACI: Sep 2021 8.5% | Dec 2021 8.4% | Mar 2022 7.9% | Jun 2022 7.3% | Sep 2022 8.3% | Dec 2022 7.9% | Mar 2023 8.9% | Jun 2023 8.7% | Sep 2023 7.4% | Dec 2023 7.3% | Mar 2024 9.4% | Jun 2024 9.7% | Sep 2024 8.7% | Dec 2024 8.6% | Mar 2025 9.1% | Jun 2025 9.0% | Sep 2025 9.3% | Dec 2025 9.3% | Mar 2026 9.7% | Jun 2026 — - JKHY: Sep 2021 27% | Dec 2021 25% | Mar 2022 23% | Jun 2022 22% | Sep 2022 27% | Dec 2022 21% | Mar 2023 21% | Jun 2023 23% | Sep 2023 23% | Dec 2023 22% | Mar 2024 21% | Jun 2024 22% | Sep 2024 25% | Dec 2024 21% | Mar 2025 24% | Jun 2025 25% | Sep 2025 29% | Dec 2025 26% | Mar 2026 24% | Jun 2026 — - APLD: Sep 2021 — | Dec 2021 — | Mar 2022 -236% | Jun 2022 -57% | Sep 2022 -60% | Dec 2022 -216% | Mar 2023 -50% | Jun 2023 -23% | Sep 2023 -20% | Dec 2023 -19% | Mar 2024 -128% | Jun 2024 -63% | Sep 2024 73% | Dec 2024 -35% | Mar 2025 -36% | Jun 2025 -55% | Sep 2025 -35% | Dec 2025 -25% | Mar 2026 -68% | Jun 2026 — - CIFR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -19% | Jun 2023 -39% | Sep 2023 -63% | Dec 2023 35% | Mar 2024 -97% | Jun 2024 -44% | Sep 2024 -379% | Dec 2024 -41% | Mar 2025 -78% | Jun 2025 -104% | Sep 2025 -53% | Dec 2025 -504% | Mar 2026 -329% | Jun 2026 — - INGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.9% | Sep 2022 — | Dec 2022 2.3% | Mar 2023 — | Jun 2023 1.7% | Sep 2023 1.8% | Dec 2023 2.5% | Mar 2024 1.5% | Jun 2024 1.6% | Sep 2024 1.9% | Dec 2024 1.9% | Mar 2025 1.6% | Jun 2025 1.1% | Sep 2025 1.8% | Dec 2025 2.1% | Mar 2026 1.6% | Jun 2026 — - G: Sep 2021 13% | Dec 2021 10% | Mar 2022 13% | Jun 2022 10% | Sep 2022 12% | Dec 2022 12% | Mar 2023 13% | Jun 2023 14% | Sep 2023 15% | Dec 2023 14% | Mar 2024 14% | Jun 2024 15% | Sep 2024 15% | Dec 2024 15% | Mar 2025 15% | Jun 2025 14% | Sep 2025 15% | Dec 2025 15% | Mar 2026 15% | Jun 2026 — - EPAM: Sep 2021 15% | Dec 2021 15% | Mar 2022 11% | Jun 2022 7.8% | Sep 2022 15% | Dec 2022 14% | Mar 2023 9.9% | Jun 2023 12% | Sep 2023 9.9% | Dec 2023 11% | Mar 2024 9.5% | Jun 2024 11% | Sep 2024 15% | Dec 2024 11% | Mar 2025 7.6% | Jun 2025 9.3% | Sep 2025 10% | Dec 2025 11% | Mar 2026 8.3% | Jun 2026 — - EXLS: Sep 2021 15% | Dec 2021 12% | Mar 2022 13% | Jun 2022 14% | Sep 2022 14% | Dec 2022 14% | Mar 2023 15% | Jun 2023 16% | Sep 2023 15% | Dec 2023 13% | Mar 2024 14% | Jun 2024 14% | Sep 2024 15% | Dec 2024 15% | Mar 2025 16% | Jun 2025 16% | Sep 2025 14% | Dec 2025 14% | Mar 2026 16% | Jun 2026 — - PSN: Sep 2021 4.2% | Dec 2021 4.9% | Mar 2022 3.8% | Jun 2022 3.2% | Sep 2022 5.6% | Dec 2022 4.8% | Mar 2023 4.4% | Jun 2023 5.6% | Sep 2023 5.9% | Dec 2023 5.2% | Mar 2024 6.6% | Jun 2024 6.7% | Sep 2024 6.4% | Dec 2024 5.8% | Mar 2025 7.0% | Jun 2025 6.0% | Sep 2025 6.7% | Dec 2025 6.6% | Mar 2026 6.4% | Jun 2026 — - SAIC: Sep 2021 7.2% | Dec 2021 6.0% | Mar 2022 4.8% | Jun 2022 6.3% | Sep 2022 6.8% | Dec 2022 7.0% | Mar 2023 6.0% | Jun 2023 7.7% | Sep 2023 20% | Dec 2023 7.5% | Mar 2024 4.5% | Jun 2024 7.1% | Sep 2024 7.4% | Dec 2024 8.1% | Mar 2025 7.5% | Jun 2025 6.4% | Sep 2025 7.9% | Dec 2025 6.9% | Mar 2026 7.6% | Jun 2026 9.4% - CHRN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -93% | Sep 2022 -110% | Dec 2022 -125% | Mar 2023 -108% | Jun 2023 -91% | Sep 2023 -64% | Dec 2023 -71% | Mar 2024 -87% | Jun 2024 -296% | Sep 2024 -64% | Dec 2024 -44% | Mar 2025 -114% | Jun 2025 -103% | Sep 2025 -33% | Dec 2025 -49% | Mar 2026 -59% | Jun 2026 — - PONY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -130% | Dec 2022 -130% | Mar 2023 -631% | Jun 2023 -631% | Sep 2023 -436% | Dec 2023 -52% | Mar 2024 -277% | Jun 2024 -303% | Sep 2024 -275% | Dec 2024 -487% | Mar 2025 -401% | Jun 2025 -286% | Sep 2025 -274% | Dec 2025 -254% | Mar 2026 -170% | Jun 2026 — - NIQ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 -1.6% | Dec 2024 -2.3% | Mar 2025 1.6% | Jun 2025 — | Sep 2025 -3.3% | Dec 2025 5.7% | Mar 2026 -1.0% | Jun 2026 — - KD: Sep 2021 -9.8% | Dec 2021 -15% | Mar 2022 -3.8% | Jun 2022 -4.4% | Sep 2022 -4.8% | Dec 2022 -2.6% | Mar 2023 -6.1% | Jun 2023 -1.9% | Sep 2023 -1.9% | Dec 2023 2.1% | Mar 2024 0.7% | Jun 2024 2.5% | Sep 2024 0.5% | Dec 2024 7.5% | Mar 2025 3.7% | Jun 2025 3.0% | Sep 2025 3.2% | Dec 2025 2.9% | Mar 2026 4.3% | Jun 2026 — - PENG: Sep 2021 6.8% | Dec 2021 7.4% | Mar 2022 3.7% | Jun 2022 7.6% | Sep 2022 6.3% | Dec 2022 3.8% | Mar 2023 -0.5% | Jun 2023 -0.7% | Sep 2023 -0.5% | Dec 2023 0.5% | Mar 2024 -1.2% | Jun 2024 3.8% | Sep 2024 2.8% | Dec 2024 5.1% | Mar 2025 5.1% | Jun 2025 3.0% | Sep 2025 3.7% | Dec 2025 5.7% | Mar 2026 7.5% | Jun 2026 11% - KEEL: Sep 2021 76% | Dec 2021 25% | Mar 2022 17% | Jun 2022 -414% | Sep 2022 -294% | Dec 2022 -74% | Mar 2023 -50% | Jun 2023 -71% | Sep 2023 -54% | Dec 2023 -28% | Mar 2024 -0.2% | Jun 2024 -69% | Sep 2024 -102% | Dec 2024 65% | Mar 2025 -73% | Jun 2025 -11% | Sep 2025 -27% | Dec 2025 -203% | Mar 2026 -266% | Jun 2026 — - INOD: Sep 2021 -3.0% | Dec 2021 -5.9% | Mar 2022 -11% | Jun 2022 -16% | Sep 2022 -17% | Dec 2022 -8.9% | Mar 2023 -9.7% | Jun 2023 -3.2% | Sep 2023 3.7% | Dec 2023 7.5% | Mar 2024 5.0% | Jun 2024 1.0% | Sep 2024 22% | Dec 2024 19% | Mar 2025 14% | Jun 2025 15% | Sep 2025 19% | Dec 2025 15% | Mar 2026 19% | Jun 2026 — ### 20-quarter Margin change history - IBM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +4.6 pp | Sep 2022 −38.1 pp | Dec 2022 +2.7 pp | Mar 2023 +4.5 pp | Jun 2023 +2.7 pp | Sep 2023 +45.3 pp | Dec 2023 +2.3 pp | Mar 2024 −0.7 pp | Jun 2024 +1.1 pp | Sep 2024 −18.0 pp | Dec 2024 −2.8 pp | Mar 2025 +0.7 pp | Jun 2025 +1.5 pp | Sep 2025 +20.4 pp | Dec 2025 +2.3 pp | Mar 2026 +0.6 pp | Jun 2026 — - ACN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 +0.2 pp | Mar 2023 −1.4 pp | Jun 2023 −1.9 pp | Sep 2023 −2.7 pp | Dec 2023 −0.7 pp | Mar 2024 +0.7 pp | Jun 2024 +1.8 pp | Sep 2024 +2.3 pp | Dec 2024 +0.9 pp | Mar 2025 +0.5 pp | Jun 2025 +0.8 pp | Sep 2025 −2.7 pp | Dec 2025 −1.4 pp | Mar 2026 +0.3 pp | Jun 2026 +0.2 pp - CTSH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.3 pp | Sep 2022 +1.0 pp | Dec 2022 −1.1 pp | Mar 2023 −0.4 pp | Jun 2023 −3.7 pp | Sep 2023 −2.4 pp | Dec 2023 +1.0 pp | Mar 2024 0.0 pp | Jun 2024 +2.8 pp | Sep 2024 +0.6 pp | Dec 2024 −0.4 pp | Mar 2025 +2.1 pp | Jun 2025 +1.0 pp | Sep 2025 +1.4 pp | Dec 2025 +18.9 pp | Mar 2026 −1.1 pp | Jun 2026 — - FIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −0.3 pp | Sep 2022 +12.0 pp | Dec 2022 +1.3 pp | Mar 2023 +8.5 pp | Jun 2023 +4.4 pp | Sep 2023 +3.0 pp | Dec 2023 −0.3 pp | Mar 2024 +1.4 pp | Jun 2024 +0.4 pp | Sep 2024 +0.2 pp | Dec 2024 +6.0 pp | Mar 2025 −0.7 pp | Jun 2025 +0.7 pp | Sep 2025 −2.3 pp | Dec 2025 −0.2 pp | Mar 2026 −0.9 pp | Jun 2026 — - CDW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −0.1 pp | Sep 2022 +0.2 pp | Dec 2022 +2.1 pp | Mar 2023 +0.5 pp | Jun 2023 +0.2 pp | Sep 2023 +1.0 pp | Dec 2023 +0.5 pp | Mar 2024 −0.3 pp | Jun 2024 +0.7 pp | Sep 2024 +0.2 pp | Dec 2024 −0.8 pp | Mar 2025 +0.3 pp | Jun 2025 −1.0 pp | Sep 2025 −1.0 pp | Dec 2025 −0.1 pp | Mar 2026 −0.4 pp | Jun 2026 — - BR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +1.4 pp | Sep 2022 −1.9 pp | Dec 2022 +2.8 pp | Mar 2023 +1.4 pp | Jun 2023 +4.9 pp | Sep 2023 +3.6 pp | Dec 2023 +0.6 pp | Mar 2024 +0.1 pp | Jun 2024 −2.0 pp | Sep 2024 −1.0 pp | Dec 2024 +4.4 pp | Mar 2025 +1.5 pp | Jun 2025 +1.4 pp | Sep 2025 +2.5 pp | Dec 2025 −1.3 pp | Mar 2026 −0.6 pp | Jun 2026 — - LDOS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.3 pp | Dec 2022 −1.6 pp | Mar 2023 — | Jun 2023 +0.8 pp | Sep 2023 −16.1 pp | Dec 2023 +1.9 pp | Mar 2024 +3.2 pp | Jun 2024 +2.9 pp | Sep 2024 +20.9 pp | Dec 2024 — | Mar 2025 −0.8 pp | Jun 2025 +1.0 pp | Sep 2025 +1.1 pp | Dec 2025 — | Mar 2026 +1.6 pp | Jun 2026 −1.0 pp - GIB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.1 pp | Sep 2022 −0.4 pp | Dec 2022 −1.0 pp | Mar 2023 −0.1 pp | Jun 2023 +0.4 pp | Sep 2023 +0.9 pp | Dec 2023 −0.4 pp | Mar 2024 +0.2 pp | Jun 2024 +0.8 pp | Sep 2024 +0.3 pp | Dec 2024 +1.0 pp | Mar 2025 −0.9 pp | Jun 2025 −2.7 pp | Sep 2025 −3.3 pp | Dec 2025 −0.9 pp | Mar 2026 +0.4 pp | Jun 2026 — - WSE: Sep 2021 −3.2 pp | Dec 2021 −0.9 pp | Mar 2022 −0.9 pp | Jun 2022 +4.9 pp | Sep 2022 +4.9 pp | Dec 2022 +9.2 pp | Mar 2023 +9.2 pp | Jun 2023 +17.8 pp | Sep 2023 +17.8 pp | Dec 2023 — | Mar 2024 — | Jun 2024 +6.4 pp | Sep 2024 +6.4 pp | Dec 2024 — | Mar 2025 — | Jun 2025 −7.3 pp | Sep 2025 −7.3 pp | Dec 2025 — | Mar 2026 — | Jun 2026 — - IT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −1.9 pp | Sep 2022 −0.9 pp | Dec 2022 +7.9 pp | Mar 2023 +11.8 pp | Jun 2023 −2.8 pp | Sep 2023 −1.7 pp | Dec 2023 −3.1 pp | Mar 2024 −10.4 pp | Jun 2024 +1.2 pp | Sep 2024 −0.7 pp | Dec 2024 −0.5 pp | Mar 2025 −0.5 pp | Jun 2025 −0.6 pp | Sep 2025 −10.9 pp | Dec 2025 +0.6 pp | Mar 2026 +2.8 pp | Jun 2026 — - CACI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.1 pp | Sep 2022 −0.2 pp | Dec 2022 −0.5 pp | Mar 2023 +1.0 pp | Jun 2023 +1.4 pp | Sep 2023 −0.9 pp | Dec 2023 −0.6 pp | Mar 2024 +0.5 pp | Jun 2024 +1.0 pp | Sep 2024 +1.3 pp | Dec 2024 +1.3 pp | Mar 2025 −0.3 pp | Jun 2025 −0.7 pp | Sep 2025 +0.6 pp | Dec 2025 +0.7 pp | Mar 2026 +0.6 pp | Jun 2026 — - JKHY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.1 pp | Sep 2022 −0.8 pp | Dec 2022 −4.2 pp | Mar 2023 −2.0 pp | Jun 2023 +1.7 pp | Sep 2023 −3.4 pp | Dec 2023 +0.6 pp | Mar 2024 −0.5 pp | Jun 2024 −0.8 pp | Sep 2024 +2.0 pp | Dec 2024 −0.4 pp | Mar 2025 +2.9 pp | Jun 2025 +2.9 pp | Sep 2025 +3.3 pp | Dec 2025 +4.3 pp | Mar 2026 +0.7 pp | Jun 2026 — - APLD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 +186.0 pp | Jun 2023 +33.8 pp | Sep 2023 +40.0 pp | Dec 2023 +197.7 pp | Mar 2024 −78.3 pp | Jun 2024 −40.3 pp | Sep 2024 +92.9 pp | Dec 2024 −16.7 pp | Mar 2025 +92.1 pp | Jun 2025 +8.7 pp | Sep 2025 −107.3 pp | Dec 2025 +10.9 pp | Mar 2026 −31.8 pp | Jun 2026 — - CIFR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 +1,673.9 pp | Mar 2024 −78.4 pp | Jun 2024 −5.2 pp | Sep 2024 −316.2 pp | Dec 2024 −75.5 pp | Mar 2025 +19.4 pp | Jun 2025 −60.0 pp | Sep 2025 +326.7 pp | Dec 2025 −463.0 pp | Mar 2026 −251.1 pp | Jun 2026 — - INGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 −0.2 pp | Sep 2023 — | Dec 2023 +0.2 pp | Mar 2024 — | Jun 2024 −0.1 pp | Sep 2024 +0.1 pp | Dec 2024 −0.6 pp | Mar 2025 +0.1 pp | Jun 2025 −0.5 pp | Sep 2025 −0.1 pp | Dec 2025 +0.2 pp | Mar 2026 0.0 pp | Jun 2026 — - G: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −3.8 pp | Sep 2022 −1.2 pp | Dec 2022 +1.2 pp | Mar 2023 +0.8 pp | Jun 2023 +4.1 pp | Sep 2023 +2.8 pp | Dec 2023 +2.6 pp | Mar 2024 +0.8 pp | Jun 2024 +0.3 pp | Sep 2024 +0.4 pp | Dec 2024 +1.0 pp | Mar 2025 +1.0 pp | Jun 2025 −0.2 pp | Sep 2025 −0.2 pp | Dec 2025 −0.4 pp | Mar 2026 +0.2 pp | Jun 2026 — - EPAM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −6.4 pp | Sep 2022 +0.1 pp | Dec 2022 −1.2 pp | Mar 2023 −1.1 pp | Jun 2023 +4.5 pp | Sep 2023 −4.8 pp | Dec 2023 −3.2 pp | Mar 2024 −0.4 pp | Jun 2024 −1.8 pp | Sep 2024 +5.3 pp | Dec 2024 +0.3 pp | Mar 2025 −1.9 pp | Jun 2025 −1.2 pp | Sep 2025 −4.8 pp | Dec 2025 −0.3 pp | Mar 2026 +0.7 pp | Jun 2026 — - EXLS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.6 pp | Sep 2022 −0.7 pp | Dec 2022 +1.4 pp | Mar 2023 +1.4 pp | Jun 2023 +2.4 pp | Sep 2023 +0.8 pp | Dec 2023 −0.5 pp | Mar 2024 −0.7 pp | Jun 2024 −2.3 pp | Sep 2024 0.0 pp | Dec 2024 +1.7 pp | Mar 2025 +1.6 pp | Jun 2025 +2.1 pp | Sep 2025 −0.3 pp | Dec 2025 −0.4 pp | Mar 2026 +0.4 pp | Jun 2026 — - PSN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.9 pp | Sep 2022 +1.4 pp | Dec 2022 −0.1 pp | Mar 2023 +0.6 pp | Jun 2023 +2.4 pp | Sep 2023 +0.3 pp | Dec 2023 +0.4 pp | Mar 2024 +2.2 pp | Jun 2024 +1.1 pp | Sep 2024 +0.5 pp | Dec 2024 +0.6 pp | Mar 2025 +0.4 pp | Jun 2025 −0.7 pp | Sep 2025 +0.3 pp | Dec 2025 +0.8 pp | Mar 2026 −0.6 pp | Jun 2026 — - SAIC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.4 pp | Dec 2022 +1.0 pp | Mar 2023 +1.2 pp | Jun 2023 +1.4 pp | Sep 2023 +13.5 pp | Dec 2023 +0.5 pp | Mar 2024 −1.5 pp | Jun 2024 −0.6 pp | Sep 2024 −12.9 pp | Dec 2024 +0.6 pp | Mar 2025 +3.0 pp | Jun 2025 −0.7 pp | Sep 2025 +0.5 pp | Dec 2025 −1.2 pp | Mar 2026 +0.1 pp | Jun 2026 +3.0 pp - CHRN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 +2.1 pp | Sep 2023 +46.2 pp | Dec 2023 +53.7 pp | Mar 2024 +21.2 pp | Jun 2024 −204.7 pp | Sep 2024 −0.3 pp | Dec 2024 +27.4 pp | Mar 2025 −27.7 pp | Jun 2025 +193.3 pp | Sep 2025 +30.7 pp | Dec 2025 −5.1 pp | Mar 2026 +55.9 pp | Jun 2026 — - PONY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 +485.5 pp | Jun 2023 +485.5 pp | Sep 2023 −306.2 pp | Dec 2023 +77.3 pp | Mar 2024 +353.3 pp | Jun 2024 +327.1 pp | Sep 2024 +160.5 pp | Dec 2024 −435.1 pp | Mar 2025 −123.7 pp | Jun 2025 +17.8 pp | Sep 2025 +1.4 pp | Dec 2025 +233.8 pp | Mar 2026 +230.6 pp | Jun 2026 — - NIQ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 −1.7 pp | Dec 2025 +8.0 pp | Mar 2026 −2.6 pp | Jun 2026 — - KD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +1.9 pp | Sep 2022 +5.0 pp | Dec 2022 +12.8 pp | Mar 2023 −2.3 pp | Jun 2023 +2.5 pp | Sep 2023 +2.9 pp | Dec 2023 +4.7 pp | Mar 2024 +6.8 pp | Jun 2024 +4.4 pp | Sep 2024 +2.4 pp | Dec 2024 +5.4 pp | Mar 2025 +3.0 pp | Jun 2025 +0.5 pp | Sep 2025 +2.7 pp | Dec 2025 −4.6 pp | Mar 2026 +0.6 pp | Jun 2026 — - PENG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 −3.6 pp | Mar 2023 −4.2 pp | Jun 2023 −8.3 pp | Sep 2023 −6.8 pp | Dec 2023 −3.3 pp | Mar 2024 −0.7 pp | Jun 2024 +4.5 pp | Sep 2024 +3.3 pp | Dec 2024 +4.6 pp | Mar 2025 +6.3 pp | Jun 2025 −0.8 pp | Sep 2025 +0.9 pp | Dec 2025 +0.6 pp | Mar 2026 +2.4 pp | Jun 2026 +7.6 pp - KEEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −408.6 pp | Sep 2022 −370.2 pp | Dec 2022 −99.3 pp | Mar 2023 −66.9 pp | Jun 2023 +343.0 pp | Sep 2023 +240.2 pp | Dec 2023 +46.6 pp | Mar 2024 +49.7 pp | Jun 2024 +2.4 pp | Sep 2024 −48.1 pp | Dec 2024 +92.5 pp | Mar 2025 −72.9 pp | Jun 2025 +57.6 pp | Sep 2025 +74.8 pp | Dec 2025 −267.6 pp | Mar 2026 −192.9 pp | Jun 2026 — - INOD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −14.4 pp | Sep 2022 −13.6 pp | Dec 2022 −3.0 pp | Mar 2023 +1.7 pp | Jun 2023 +13.2 pp | Sep 2023 +20.3 pp | Dec 2023 +16.4 pp | Mar 2024 +14.7 pp | Jun 2024 +4.2 pp | Sep 2024 +18.2 pp | Dec 2024 +11.5 pp | Mar 2025 +9.2 pp | Jun 2025 +14.3 pp | Sep 2025 −3.1 pp | Dec 2025 −3.9 pp | Mar 2026 +4.6 pp | Jun 2026 — ## Profit Scale & Acceleration What the numbers say: Accenture plc leads with $7,939 million of TTM profit, 454.4% above Leidos Holdings, Inc.. Broadridge Financial Solutions, Inc. shows 39.6% growth from a $1,100 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Accenture plc sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: Accenture plc · $7,939 million | 454.4% versus #2 · Leidos Holdings, Inc. | 6/8 recent comparable periods | 18/27 companies · 485 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. Accenture plc (ACN): ₹7.9K Cr 2. Leidos Holdings, Inc. (LDOS): ₹1.4K Cr 3. Broadridge Financial Solutions, Inc. (BR): ₹1.1K Cr 4. CDW Corporation (CDW): ₹1.1K Cr 5. Gartner, Inc. (IT): ₹740 Cr ### Profit growth — fastest growers 1. Broadridge Financial Solutions, Inc. (BR): 40% 2. Jack Henry & Associates, Inc. (JKHY): 21% 3. Science Applications International Corporation (SAIC): 15% 4. CACI International Inc (CACI): 13% 5. Innodata Inc. (INOD): 11% ### 20-quarter Net profit history - IBM: Sep 2021 ₹1.0K Cr | Dec 2021 ₹2.5K Cr | Mar 2022 ₹662 Cr | Jun 2022 ₹1.5K Cr | Sep 2022 ₹-3.2K Cr | Dec 2022 ₹2.9K Cr | Mar 2023 ₹1.1K Cr | Jun 2023 ₹1.6K Cr | Sep 2023 ₹1.7K Cr | Dec 2023 ₹3.3K Cr | Mar 2024 ₹1.6K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹-317 Cr | Dec 2024 ₹2.9K Cr | Mar 2025 ₹1.1K Cr | Jun 2025 ₹2.2K Cr | Sep 2025 ₹1.7K Cr | Dec 2025 ₹5.6K Cr | Mar 2026 ₹1.2K Cr | Jun 2026 — - ACN: Sep 2021 ₹1.4K Cr | Dec 2021 ₹1.8K Cr | Mar 2022 ₹1.7K Cr | Jun 2022 ₹1.8K Cr | Sep 2022 ₹1.7K Cr | Dec 2022 ₹2.0K Cr | Mar 2023 ₹1.6K Cr | Jun 2023 ₹2.0K Cr | Sep 2023 ₹1.4K Cr | Dec 2023 ₹2.0K Cr | Mar 2024 ₹1.7K Cr | Jun 2024 ₹2.0K Cr | Sep 2024 ₹1.7K Cr | Dec 2024 ₹2.3K Cr | Mar 2025 ₹1.8K Cr | Jun 2025 ₹2.2K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹2.2K Cr | Mar 2026 ₹1.9K Cr | Jun 2026 ₹2.4K Cr - CTSH: Sep 2021 ₹544 Cr | Dec 2021 ₹575 Cr | Mar 2022 ₹559 Cr | Jun 2022 ₹577 Cr | Sep 2022 ₹629 Cr | Dec 2022 ₹521 Cr | Mar 2023 ₹580 Cr | Jun 2023 ₹463 Cr | Sep 2023 ₹522 Cr | Dec 2023 ₹554 Cr | Mar 2024 ₹543 Cr | Jun 2024 ₹563 Cr | Sep 2024 ₹582 Cr | Dec 2024 ₹546 Cr | Mar 2025 ₹659 Cr | Jun 2025 ₹645 Cr | Sep 2025 ₹274 Cr | Dec 2025 ₹1.8K Cr | Mar 2026 ₹659 Cr | Jun 2026 — - FIS: Sep 2021 ₹161 Cr | Dec 2021 ₹-6 Cr | Mar 2022 ₹121 Cr | Jun 2022 ₹280 Cr | Sep 2022 ₹222 Cr | Dec 2022 ₹79 Cr | Mar 2023 ₹96 Cr | Jun 2023 ₹161 Cr | Sep 2023 ₹249 Cr | Dec 2023 ₹62 Cr | Mar 2024 ₹86 Cr | Jun 2024 ₹228 Cr | Sep 2024 ₹280 Cr | Dec 2024 ₹341 Cr | Mar 2025 ₹71 Cr | Jun 2025 ₹129 Cr | Sep 2025 ₹288 Cr | Dec 2025 ₹345 Cr | Mar 2026 ₹-2.2K Cr | Jun 2026 — - CDW: Sep 2021 ₹267 Cr | Dec 2021 ₹215 Cr | Mar 2022 ₹250 Cr | Jun 2022 ₹279 Cr | Sep 2022 ₹298 Cr | Dec 2022 ₹287 Cr | Mar 2023 ₹230 Cr | Jun 2023 ₹263 Cr | Sep 2023 ₹316 Cr | Dec 2023 ₹296 Cr | Mar 2024 ₹216 Cr | Jun 2024 ₹281 Cr | Sep 2024 ₹316 Cr | Dec 2024 ₹264 Cr | Mar 2025 ₹225 Cr | Jun 2025 ₹271 Cr | Sep 2025 ₹291 Cr | Dec 2025 ₹280 Cr | Mar 2026 ₹235 Cr | Jun 2026 — - BR: Sep 2021 ₹67 Cr | Dec 2021 ₹47 Cr | Mar 2022 ₹177 Cr | Jun 2022 ₹248 Cr | Sep 2022 ₹50 Cr | Dec 2022 ₹58 Cr | Mar 2023 ₹199 Cr | Jun 2023 ₹324 Cr | Sep 2023 ₹91 Cr | Dec 2023 ₹70 Cr | Mar 2024 ₹214 Cr | Jun 2024 ₹323 Cr | Sep 2024 ₹80 Cr | Dec 2024 ₹142 Cr | Mar 2025 ₹243 Cr | Jun 2025 ₹374 Cr | Sep 2025 ₹165 Cr | Dec 2025 ₹285 Cr | Mar 2026 ₹276 Cr | Jun 2026 — - LDOS: Sep 2021 ₹170 Cr | Dec 2021 ₹208 Cr | Mar 2022 — | Jun 2022 ₹177 Cr | Sep 2022 ₹172 Cr | Dec 2022 ₹180 Cr | Mar 2023 ₹164 Cr | Jun 2023 ₹210 Cr | Sep 2023 ₹-396 Cr | Dec 2023 ₹230 Cr | Mar 2024 ₹283 Cr | Jun 2024 ₹324 Cr | Sep 2024 ₹362 Cr | Dec 2024 — | Mar 2025 ₹282 Cr | Jun 2025 ₹365 Cr | Sep 2025 ₹393 Cr | Dec 2025 ₹369 Cr | Mar 2026 ₹335 Cr | Jun 2026 ₹335 Cr - GIB: Sep 2021 ₹346 Cr | Dec 2021 ₹367 Cr | Mar 2022 ₹372 Cr | Jun 2022 ₹364 Cr | Sep 2022 ₹362 Cr | Dec 2022 ₹382 Cr | Mar 2023 ₹419 Cr | Jun 2023 ₹415 Cr | Sep 2023 ₹414 Cr | Dec 2023 ₹390 Cr | Mar 2024 ₹427 Cr | Jun 2024 ₹440 Cr | Sep 2024 ₹436 Cr | Dec 2024 ₹439 Cr | Mar 2025 ₹430 Cr | Jun 2025 ₹409 Cr | Sep 2025 ₹381 Cr | Dec 2025 ₹442 Cr | Mar 2026 ₹445 Cr | Jun 2026 — - WSE: Sep 2021 ₹9 Cr | Dec 2021 ₹13 Cr | Mar 2022 ₹13 Cr | Jun 2022 ₹21 Cr | Sep 2022 ₹21 Cr | Dec 2022 ₹50 Cr | Mar 2023 ₹50 Cr | Jun 2023 ₹86 Cr | Sep 2023 ₹86 Cr | Dec 2023 — | Mar 2024 — | Jun 2024 ₹145 Cr | Sep 2024 ₹145 Cr | Dec 2024 — | Mar 2025 — | Jun 2025 ₹126 Cr | Sep 2025 ₹126 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 — - IT: Sep 2021 ₹149 Cr | Dec 2021 ₹209 Cr | Mar 2022 ₹173 Cr | Jun 2022 ₹205 Cr | Sep 2022 ₹174 Cr | Dec 2022 ₹257 Cr | Mar 2023 ₹296 Cr | Jun 2023 ₹198 Cr | Sep 2023 ₹180 Cr | Dec 2023 ₹209 Cr | Mar 2024 ₹211 Cr | Jun 2024 ₹230 Cr | Sep 2024 ₹415 Cr | Dec 2024 ₹399 Cr | Mar 2025 ₹211 Cr | Jun 2025 ₹241 Cr | Sep 2025 ₹35 Cr | Dec 2025 ₹242 Cr | Mar 2026 ₹222 Cr | Jun 2026 — - CACI: Sep 2021 ₹88 Cr | Dec 2021 ₹90 Cr | Mar 2022 ₹95 Cr | Jun 2022 ₹93 Cr | Sep 2022 ₹89 Cr | Dec 2022 ₹87 Cr | Mar 2023 ₹101 Cr | Jun 2023 ₹108 Cr | Sep 2023 ₹86 Cr | Dec 2023 ₹84 Cr | Mar 2024 ₹115 Cr | Jun 2024 ₹135 Cr | Sep 2024 ₹120 Cr | Dec 2024 ₹110 Cr | Mar 2025 ₹112 Cr | Jun 2025 ₹158 Cr | Sep 2025 ₹125 Cr | Dec 2025 ₹124 Cr | Mar 2026 ₹130 Cr | Jun 2026 — - JKHY: Sep 2021 ₹102 Cr | Dec 2021 ₹96 Cr | Mar 2022 ₹85 Cr | Jun 2022 ₹80 Cr | Sep 2022 ₹107 Cr | Dec 2022 ₹81 Cr | Mar 2023 ₹82 Cr | Jun 2023 ₹98 Cr | Sep 2023 ₹102 Cr | Dec 2023 ₹92 Cr | Mar 2024 ₹87 Cr | Jun 2024 ₹101 Cr | Sep 2024 ₹119 Cr | Dec 2024 ₹98 Cr | Mar 2025 ₹111 Cr | Jun 2025 ₹128 Cr | Sep 2025 ₹144 Cr | Dec 2025 ₹125 Cr | Mar 2026 ₹123 Cr | Jun 2026 — - APLD: Sep 2021 ₹-14 Cr | Dec 2021 ₹-2 Cr | Mar 2022 ₹-2 Cr | Jun 2022 ₹-5 Cr | Sep 2022 ₹-5 Cr | Dec 2022 ₹-27 Cr | Mar 2023 ₹-7 Cr | Jun 2023 ₹-7 Cr | Sep 2023 ₹-12 Cr | Dec 2023 ₹-11 Cr | Mar 2024 ₹-63 Cr | Jun 2024 ₹-64 Cr | Sep 2024 ₹16 Cr | Dec 2024 ₹-128 Cr | Mar 2025 ₹-36 Cr | Jun 2025 ₹-55 Cr | Sep 2025 ₹-26 Cr | Dec 2025 ₹-27 Cr | Mar 2026 ₹-71 Cr | Jun 2026 — - CIFR: Sep 2021 ₹-2 Cr | Dec 2021 — | Mar 2022 ₹-17 Cr | Jun 2022 ₹-29 Cr | Sep 2022 ₹59 Cr | Dec 2022 ₹-52 Cr | Mar 2023 ₹-5 Cr | Jun 2023 ₹-13 Cr | Sep 2023 ₹-19 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹40 Cr | Jun 2024 ₹-15 Cr | Sep 2024 ₹-87 Cr | Dec 2024 ₹18 Cr | Mar 2025 ₹-39 Cr | Jun 2025 ₹-46 Cr | Sep 2025 ₹-3 Cr | Dec 2025 ₹-734 Cr | Mar 2026 ₹-114 Cr | Jun 2026 — - INGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹113 Cr | Sep 2022 — | Dec 2022 ₹101 Cr | Mar 2023 — | Jun 2023 ₹63 Cr | Sep 2023 ₹67 Cr | Dec 2023 ₹137 Cr | Mar 2024 ₹50 Cr | Jun 2024 ₹55 Cr | Sep 2024 ₹77 Cr | Dec 2024 ₹83 Cr | Mar 2025 ₹69 Cr | Jun 2025 ₹38 Cr | Sep 2025 ₹99 Cr | Dec 2025 ₹121 Cr | Mar 2026 ₹99 Cr | Jun 2026 — - G: Sep 2021 ₹102 Cr | Dec 2021 ₹73 Cr | Mar 2022 ₹96 Cr | Jun 2022 ₹72 Cr | Sep 2022 ₹96 Cr | Dec 2022 ₹90 Cr | Mar 2023 ₹106 Cr | Jun 2023 ₹116 Cr | Sep 2023 ₹118 Cr | Dec 2023 ₹291 Cr | Mar 2024 ₹117 Cr | Jun 2024 ₹122 Cr | Sep 2024 ₹133 Cr | Dec 2024 ₹142 Cr | Mar 2025 ₹131 Cr | Jun 2025 ₹133 Cr | Sep 2025 ₹146 Cr | Dec 2025 ₹143 Cr | Mar 2026 ₹148 Cr | Jun 2026 — - EPAM: Sep 2021 ₹116 Cr | Dec 2021 ₹142 Cr | Mar 2022 ₹90 Cr | Jun 2022 ₹19 Cr | Sep 2022 ₹156 Cr | Dec 2022 ₹155 Cr | Mar 2023 ₹102 Cr | Jun 2023 ₹120 Cr | Sep 2023 ₹97 Cr | Dec 2023 ₹98 Cr | Mar 2024 ₹116 Cr | Jun 2024 ₹99 Cr | Sep 2024 ₹136 Cr | Dec 2024 ₹103 Cr | Mar 2025 ₹73 Cr | Jun 2025 ₹88 Cr | Sep 2025 ₹107 Cr | Dec 2025 ₹109 Cr | Mar 2026 ₹83 Cr | Jun 2026 — - EXLS: Sep 2021 ₹27 Cr | Dec 2021 ₹28 Cr | Mar 2022 ₹36 Cr | Jun 2022 ₹36 Cr | Sep 2022 ₹39 Cr | Dec 2022 ₹32 Cr | Mar 2023 ₹51 Cr | Jun 2023 ₹49 Cr | Sep 2023 ₹44 Cr | Dec 2023 ₹40 Cr | Mar 2024 ₹49 Cr | Jun 2024 ₹46 Cr | Sep 2024 ₹53 Cr | Dec 2024 ₹51 Cr | Mar 2025 ₹67 Cr | Jun 2025 ₹66 Cr | Sep 2025 ₹58 Cr | Dec 2025 ₹60 Cr | Mar 2026 ₹67 Cr | Jun 2026 — - PSN: Sep 2021 ₹27 Cr | Dec 2021 ₹36 Cr | Mar 2022 ₹24 Cr | Jun 2022 ₹23 Cr | Sep 2022 ₹44 Cr | Dec 2022 ₹36 Cr | Mar 2023 ₹35 Cr | Jun 2023 ₹55 Cr | Sep 2023 ₹60 Cr | Dec 2023 ₹58 Cr | Mar 2024 ₹55 Cr | Jun 2024 ₹81 Cr | Sep 2024 ₹86 Cr | Dec 2024 ₹69 Cr | Mar 2025 ₹82 Cr | Jun 2025 ₹70 Cr | Sep 2025 ₹82 Cr | Dec 2025 ₹75 Cr | Mar 2026 ₹65 Cr | Jun 2026 — - SAIC: Sep 2021 ₹82 Cr | Dec 2021 ₹71 Cr | Mar 2022 ₹44 Cr | Jun 2022 ₹74 Cr | Sep 2022 ₹74 Cr | Dec 2022 ₹80 Cr | Mar 2023 ₹75 Cr | Jun 2023 ₹98 Cr | Sep 2023 ₹247 Cr | Dec 2023 ₹93 Cr | Mar 2024 ₹39 Cr | Jun 2024 ₹77 Cr | Sep 2024 ₹81 Cr | Dec 2024 ₹106 Cr | Mar 2025 ₹98 Cr | Jun 2025 ₹68 Cr | Sep 2025 ₹127 Cr | Dec 2025 ₹78 Cr | Mar 2026 ₹85 Cr | Jun 2026 ₹115 Cr - CHRN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹-3 Cr | Sep 2022 ₹-4 Cr | Dec 2022 ₹-3 Cr | Mar 2023 ₹-4 Cr | Jun 2023 ₹-4 Cr | Sep 2023 ₹-3 Cr | Dec 2023 ₹-3 Cr | Mar 2024 ₹-3 Cr | Jun 2024 ₹-35 Cr | Sep 2024 ₹-2 Cr | Dec 2024 ₹-3 Cr | Mar 2025 ₹-25 Cr | Jun 2025 ₹-17 Cr | Sep 2025 ₹-1 Cr | Dec 2025 ₹44 Cr | Mar 2026 ₹-13 Cr | Jun 2026 — - PONY: Sep 2021 — | Dec 2021 — | Mar 2022 ₹-43 Cr | Jun 2022 ₹-43 Cr | Sep 2022 ₹-31 Cr | Dec 2022 ₹-31 Cr | Mar 2023 ₹-35 Cr | Jun 2023 ₹-35 Cr | Sep 2023 ₹-35 Cr | Dec 2023 ₹-21 Cr | Mar 2024 ₹-21 Cr | Jun 2024 ₹-31 Cr | Sep 2024 ₹-42 Cr | Dec 2024 ₹-181 Cr | Mar 2025 ₹-37 Cr | Jun 2025 ₹-53 Cr | Sep 2025 ₹-62 Cr | Dec 2025 ₹75 Cr | Mar 2026 ₹-54 Cr | Jun 2026 — - NIQ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹-217 Cr | Dec 2024 ₹-169 Cr | Mar 2025 ₹-118 Cr | Jun 2025 — | Sep 2025 ₹-197 Cr | Dec 2025 ₹-30 Cr | Mar 2026 ₹-89 Cr | Jun 2026 — - KD: Sep 2021 ₹-690 Cr | Dec 2021 ₹-731 Cr | Mar 2022 ₹-229 Cr | Jun 2022 ₹-250 Cr | Sep 2022 ₹-281 Cr | Dec 2022 ₹-106 Cr | Mar 2023 ₹-737 Cr | Jun 2023 ₹-141 Cr | Sep 2023 ₹-142 Cr | Dec 2023 ₹-12 Cr | Mar 2024 ₹-45 Cr | Jun 2024 ₹11 Cr | Sep 2024 ₹-43 Cr | Dec 2024 ₹215 Cr | Mar 2025 ₹69 Cr | Jun 2025 ₹56 Cr | Sep 2025 ₹68 Cr | Dec 2025 ₹57 Cr | Mar 2026 ₹17 Cr | Jun 2026 — - PENG: Sep 2021 ₹21 Cr | Dec 2021 ₹21 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹24 Cr | Sep 2022 ₹20 Cr | Dec 2022 ₹5 Cr | Mar 2023 ₹-27 Cr | Jun 2023 ₹-24 Cr | Sep 2023 ₹-140 Cr | Dec 2023 ₹-19 Cr | Mar 2024 ₹-13 Cr | Jun 2024 ₹6 Cr | Sep 2024 ₹-24 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹9 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹39 Cr | Jun 2026 ₹46 Cr - KEEL: Sep 2021 ₹24 Cr | Dec 2021 ₹10 Cr | Mar 2022 ₹5 Cr | Jun 2022 ₹-181 Cr | Sep 2022 ₹-85 Cr | Dec 2022 ₹-17 Cr | Mar 2023 ₹-4 Cr | Jun 2023 ₹-26 Cr | Sep 2023 ₹-17 Cr | Dec 2023 ₹-58 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹-28 Cr | Sep 2024 ₹-26 Cr | Dec 2024 ₹42 Cr | Mar 2025 ₹-38 Cr | Jun 2025 ₹-6 Cr | Sep 2025 ₹-11 Cr | Dec 2025 ₹-172 Cr | Mar 2026 ₹-128 Cr | Jun 2026 — - INOD: Sep 2021 ₹-1 Cr | Dec 2021 ₹-1 Cr | Mar 2022 ₹-3 Cr | Jun 2022 ₹-4 Cr | Sep 2022 ₹-3 Cr | Dec 2022 ₹-2 Cr | Mar 2023 ₹-2 Cr | Jun 2023 ₹-1 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹17 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹7 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹9 Cr | Mar 2026 ₹15 Cr | Jun 2026 — ### 20-quarter Profit growth history - IBM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 81% | Sep 2022 -410% | Dec 2022 17% | Mar 2023 59% | Jun 2023 7.9% | Sep 2023 — | Dec 2023 14% | Mar 2024 49% | Jun 2024 16% | Sep 2024 -118% | Dec 2024 -11% | Mar 2025 -33% | Jun 2025 20% | Sep 2025 — | Dec 2025 91% | Mar 2026 15% | Jun 2026 — - ACN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 18% | Dec 2022 9.7% | Mar 2023 -6.5% | Jun 2023 13% | Sep 2023 -17% | Dec 2023 0.7% | Mar 2024 10% | Jun 2024 -3.3% | Sep 2024 22% | Dec 2024 15% | Mar 2025 6.6% | Jun 2025 13% | Sep 2025 -16% | Dec 2025 -3.2% | Mar 2026 2.0% | Jun 2026 6.4% - CTSH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 13% | Sep 2022 16% | Dec 2022 -9.4% | Mar 2023 3.8% | Jun 2023 -20% | Sep 2023 -17% | Dec 2023 6.3% | Mar 2024 -6.4% | Jun 2024 22% | Sep 2024 11% | Dec 2024 -1.4% | Mar 2025 21% | Jun 2025 15% | Sep 2025 -53% | Dec 2025 234% | Mar 2026 0.0% | Jun 2026 — - FIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 38% | Dec 2022 — | Mar 2023 -21% | Jun 2023 -43% | Sep 2023 12% | Dec 2023 -22% | Mar 2024 -10% | Jun 2024 42% | Sep 2024 12% | Dec 2024 450% | Mar 2025 -17% | Jun 2025 -43% | Sep 2025 2.9% | Dec 2025 1.2% | Mar 2026 -3,218% | Jun 2026 — - CDW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.8% | Sep 2022 12% | Dec 2022 33% | Mar 2023 -8.0% | Jun 2023 -5.7% | Sep 2023 6.0% | Dec 2023 3.1% | Mar 2024 -6.1% | Jun 2024 6.8% | Sep 2024 0.0% | Dec 2024 -11% | Mar 2025 4.2% | Jun 2025 -3.6% | Sep 2025 -7.9% | Dec 2025 6.1% | Mar 2026 4.4% | Jun 2026 — - BR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -4.6% | Sep 2022 -25% | Dec 2022 23% | Mar 2023 12% | Jun 2023 31% | Sep 2023 82% | Dec 2023 21% | Mar 2024 7.5% | Jun 2024 -0.3% | Sep 2024 -12% | Dec 2024 103% | Mar 2025 14% | Jun 2025 16% | Sep 2025 106% | Dec 2025 101% | Mar 2026 14% | Jun 2026 — - LDOS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 1.2% | Dec 2022 -13% | Mar 2023 — | Jun 2023 19% | Sep 2023 -330% | Dec 2023 28% | Mar 2024 73% | Jun 2024 54% | Sep 2024 — | Dec 2024 — | Mar 2025 -0.4% | Jun 2025 13% | Sep 2025 8.6% | Dec 2025 — | Mar 2026 19% | Jun 2026 -8.2% - GIB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.7% | Sep 2022 4.6% | Dec 2022 4.1% | Mar 2023 13% | Jun 2023 14% | Sep 2023 14% | Dec 2023 2.1% | Mar 2024 1.9% | Jun 2024 6.0% | Sep 2024 5.3% | Dec 2024 13% | Mar 2025 0.7% | Jun 2025 -7.1% | Sep 2025 -13% | Dec 2025 0.7% | Mar 2026 3.5% | Jun 2026 — - WSE: Sep 2021 0.0% | Dec 2021 18% | Mar 2022 18% | Jun 2022 133% | Sep 2022 133% | Dec 2022 285% | Mar 2023 285% | Jun 2023 310% | Sep 2023 310% | Dec 2023 — | Mar 2024 — | Jun 2024 69% | Sep 2024 69% | Dec 2024 — | Mar 2025 — | Jun 2025 -13% | Sep 2025 -13% | Dec 2025 — | Mar 2026 — | Jun 2026 — - IT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -24% | Sep 2022 17% | Dec 2022 23% | Mar 2023 71% | Jun 2023 -3.4% | Sep 2023 3.5% | Dec 2023 -19% | Mar 2024 -29% | Jun 2024 16% | Sep 2024 131% | Dec 2024 91% | Mar 2025 0.0% | Jun 2025 4.8% | Sep 2025 -92% | Dec 2025 -39% | Mar 2026 5.2% | Jun 2026 — - CACI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -32% | Sep 2022 1.1% | Dec 2022 -3.3% | Mar 2023 6.3% | Jun 2023 16% | Sep 2023 -3.4% | Dec 2023 -3.5% | Mar 2024 14% | Jun 2024 25% | Sep 2024 40% | Dec 2024 31% | Mar 2025 -2.6% | Jun 2025 17% | Sep 2025 4.2% | Dec 2025 13% | Mar 2026 16% | Jun 2026 — - JKHY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 3.9% | Sep 2022 4.9% | Dec 2022 -16% | Mar 2023 -3.5% | Jun 2023 23% | Sep 2023 -4.7% | Dec 2023 14% | Mar 2024 6.1% | Jun 2024 3.1% | Sep 2024 17% | Dec 2024 6.5% | Mar 2025 28% | Jun 2025 27% | Sep 2025 21% | Dec 2025 28% | Mar 2026 11% | Jun 2026 — - APLD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -263% | Dec 2025 — | Mar 2026 — | Jun 2026 — - CIFR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -132% | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 64% | Mar 2025 -198% | Jun 2025 — | Sep 2025 — | Dec 2025 -4,178% | Mar 2026 — | Jun 2026 — - INGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 -44% | Sep 2023 — | Dec 2023 36% | Mar 2024 — | Jun 2024 -13% | Sep 2024 15% | Dec 2024 -39% | Mar 2025 38% | Jun 2025 -31% | Sep 2025 29% | Dec 2025 46% | Mar 2026 43% | Jun 2026 — - G: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -30% | Sep 2022 -5.9% | Dec 2022 23% | Mar 2023 10% | Jun 2023 61% | Sep 2023 23% | Dec 2023 223% | Mar 2024 10% | Jun 2024 5.2% | Sep 2024 13% | Dec 2024 -51% | Mar 2025 12% | Jun 2025 9.0% | Sep 2025 9.8% | Dec 2025 0.7% | Mar 2026 13% | Jun 2026 — - EPAM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -83% | Sep 2022 34% | Dec 2022 9.2% | Mar 2023 13% | Jun 2023 532% | Sep 2023 -38% | Dec 2023 -37% | Mar 2024 14% | Jun 2024 -18% | Sep 2024 40% | Dec 2024 5.1% | Mar 2025 -37% | Jun 2025 -11% | Sep 2025 -21% | Dec 2025 5.8% | Mar 2026 14% | Jun 2026 — - EXLS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 29% | Sep 2022 44% | Dec 2022 14% | Mar 2023 42% | Jun 2023 36% | Sep 2023 13% | Dec 2023 25% | Mar 2024 -3.9% | Jun 2024 -6.1% | Sep 2024 20% | Dec 2024 28% | Mar 2025 37% | Jun 2025 43% | Sep 2025 9.4% | Dec 2025 18% | Mar 2026 0.0% | Jun 2026 — - PSN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 92% | Sep 2022 63% | Dec 2022 0.0% | Mar 2023 46% | Jun 2023 139% | Sep 2023 36% | Dec 2023 61% | Mar 2024 57% | Jun 2024 47% | Sep 2024 43% | Dec 2024 19% | Mar 2025 49% | Jun 2025 -14% | Sep 2025 -4.7% | Dec 2025 8.7% | Mar 2026 -21% | Jun 2026 — - SAIC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -9.8% | Dec 2022 13% | Mar 2023 70% | Jun 2023 32% | Sep 2023 234% | Dec 2023 16% | Mar 2024 -48% | Jun 2024 -21% | Sep 2024 -67% | Dec 2024 14% | Mar 2025 151% | Jun 2025 -12% | Sep 2025 57% | Dec 2025 -26% | Mar 2026 -13% | Jun 2026 69% - KD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 409% | Sep 2025 — | Dec 2025 -73% | Mar 2026 -75% | Jun 2026 — - PENG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -4.8% | Dec 2022 -76% | Mar 2023 -1,000% | Jun 2023 -200% | Sep 2023 -800% | Dec 2023 -480% | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 -50% | Sep 2025 — | Dec 2025 0.0% | Mar 2026 333% | Jun 2026 1,433% - KEEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -454% | Dec 2022 -270% | Mar 2023 -180% | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 -1,367% | Jun 2025 — | Sep 2025 — | Dec 2025 -510% | Mar 2026 — | Jun 2026 — - INOD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 400% | Mar 2025 700% | Jun 2025 — | Sep 2025 -53% | Dec 2025 -10% | Mar 2026 88% | Jun 2026 — ## Return On Capital Employed What the numbers say: Innodata Inc. leads ROCE at 14.9%, 7.4 percentage points above Gartner, Inc.. ChronoScale Holdings Corporation has the strongest latest improvement at +74.8 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: Innodata Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: Innodata Inc. · 14.9% | 98.7% versus #2 · Gartner, Inc. | 6/8 recent comparable periods | 27/27 companies · 494 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. Innodata Inc. (INOD): 15% 2. Gartner, Inc. (IT): 7.5% 3. ExlService Holdings, Inc. (EXLS): 7.0% 4. Accenture plc (ACN): 6.9% 5. Jack Henry & Associates, Inc. (JKHY): 6.0% ### ROCE change — fastest improvers 1. ChronoScale Holdings Corporation (CHRN): +74.8 pp 2. Penguin Solutions, Inc. (PENG): +3.4 pp 3. Applied Digital Corporation (APLD): +3.1 pp 4. Pony AI Inc. (PONY): +2.6 pp 5. Innodata Inc. (INOD): +1.6 pp ### 20-quarter ROCE history - IBM: Sep 2021 1.0% | Dec 2021 3.0% | Mar 2022 0.9% | Jun 2022 2.0% | Sep 2022 -4.1% | Dec 2022 3.7% | Mar 2023 1.6% | Jun 2023 2.5% | Sep 2023 2.4% | Dec 2023 4.2% | Mar 2024 1.5% | Jun 2024 2.6% | Sep 2024 -0.4% | Dec 2024 3.6% | Mar 2025 1.5% | Jun 2025 2.9% | Sep 2025 2.7% | Dec 2025 4.3% | Mar 2026 1.6% | Jun 2026 2.6% - ACN: Sep 2021 — | Dec 2021 9.0% | Mar 2022 7.5% | Jun 2022 9.2% | Sep 2022 7.9% | Dec 2022 8.8% | Mar 2023 6.5% | Jun 2023 7.5% | Sep 2023 6.1% | Dec 2023 7.9% | Mar 2024 6.2% | Jun 2024 7.6% | Sep 2024 6.7% | Dec 2024 7.7% | Mar 2025 5.8% | Jun 2025 7.4% | Sep 2025 5.0% | Dec 2025 6.6% | Mar 2026 5.6% | Jun 2026 6.9% - CTSH: Sep 2021 5.0% | Dec 2021 5.3% | Mar 2022 5.2% | Jun 2022 5.5% | Sep 2022 5.7% | Dec 2022 4.8% | Mar 2023 4.8% | Jun 2023 4.0% | Sep 2023 4.7% | Dec 2023 4.9% | Mar 2024 4.6% | Jun 2024 4.6% | Sep 2024 4.7% | Dec 2024 4.8% | Mar 2025 5.3% | Jun 2025 5.0% | Sep 2025 5.2% | Dec 2025 11% | Mar 2026 5.0% | Jun 2026 5.1% - FIS: Sep 2021 0.2% | Dec 2021 0.6% | Mar 2022 0.2% | Jun 2022 0.6% | Sep 2022 0.6% | Dec 2022 0.6% | Mar 2023 0.5% | Jun 2023 0.7% | Sep 2023 0.9% | Dec 2023 0.8% | Mar 2024 0.9% | Jun 2024 1.1% | Sep 2024 1.5% | Dec 2024 1.5% | Mar 2025 1.2% | Jun 2025 1.5% | Sep 2025 1.7% | Dec 2025 2.0% | Mar 2026 1.4% | Jun 2026 — - CDW: Sep 2021 7.3% | Dec 2021 5.0% | Mar 2022 5.8% | Jun 2022 6.5% | Sep 2022 7.0% | Dec 2022 5.5% | Mar 2023 4.4% | Jun 2023 5.1% | Sep 2023 5.9% | Dec 2023 5.4% | Mar 2024 4.1% | Jun 2024 5.6% | Sep 2024 5.7% | Dec 2024 4.8% | Mar 2025 4.2% | Jun 2025 5.0% | Sep 2025 4.8% | Dec 2025 4.8% | Mar 2026 4.2% | Jun 2026 — - BR: Sep 2021 1.9% | Dec 2021 1.2% | Mar 2022 4.3% | Jun 2022 5.0% | Sep 2022 1.2% | Dec 2022 1.5% | Mar 2023 4.0% | Jun 2023 7.2% | Sep 2023 2.1% | Dec 2023 1.8% | Mar 2024 4.2% | Jun 2024 7.0% | Sep 2024 1.9% | Dec 2024 3.0% | Mar 2025 4.9% | Jun 2025 7.4% | Sep 2025 2.7% | Dec 2025 2.9% | Mar 2026 5.2% | Jun 2026 — - LDOS: Sep 2021 — | Dec 2021 3.2% | Mar 2022 — | Jun 2022 2.8% | Sep 2022 2.9% | Dec 2022 2.8% | Mar 2023 2.7% | Jun 2023 3.5% | Sep 2023 -3.6% | Dec 2023 3.8% | Mar 2024 4.2% | Jun 2024 4.9% | Sep 2024 5.4% | Dec 2024 — | Mar 2025 4.4% | Jun 2025 5.3% | Sep 2025 5.7% | Dec 2025 5.3% | Mar 2026 4.7% | Jun 2026 4.5% - GIB: Sep 2021 4.0% | Dec 2021 4.4% | Mar 2022 4.7% | Jun 2022 4.5% | Sep 2022 4.3% | Dec 2022 4.6% | Mar 2023 5.1% | Jun 2023 4.9% | Sep 2023 4.9% | Dec 2023 4.6% | Mar 2024 5.0% | Jun 2024 5.1% | Sep 2024 4.9% | Dec 2024 4.7% | Mar 2025 4.4% | Jun 2025 4.1% | Sep 2025 3.7% | Dec 2025 4.3% | Mar 2026 4.2% | Jun 2026 4.3% - WSE: Sep 2021 3.0% | Dec 2021 2.9% | Mar 2022 2.9% | Jun 2022 4.5% | Sep 2022 4.5% | Dec 2022 9.2% | Mar 2023 9.2% | Jun 2023 15% | Sep 2023 15% | Dec 2023 0.0% | Mar 2024 0.0% | Jun 2024 15% | Sep 2024 15% | Dec 2024 0.0% | Mar 2025 0.0% | Jun 2025 8.7% | Sep 2025 8.7% | Dec 2025 0.0% | Mar 2026 0.0% | Jun 2026 — - IT: Sep 2021 5.5% | Dec 2021 4.4% | Mar 2022 5.5% | Jun 2022 7.7% | Sep 2022 6.7% | Dec 2022 8.6% | Mar 2023 11% | Jun 2023 7.6% | Sep 2023 6.6% | Dec 2023 7.8% | Mar 2024 6.9% | Jun 2024 8.0% | Sep 2024 5.9% | Dec 2024 7.4% | Mar 2025 6.3% | Jun 2025 7.5% | Sep 2025 2.1% | Dec 2025 7.8% | Mar 2026 7.5% | Jun 2026 — - CACI: Sep 2021 2.4% | Dec 2021 2.3% | Mar 2022 2.3% | Jun 2022 2.2% | Sep 2022 2.4% | Dec 2022 2.3% | Mar 2023 2.8% | Jun 2023 2.7% | Sep 2023 2.5% | Dec 2023 2.4% | Mar 2024 3.2% | Jun 2024 3.5% | Sep 2024 3.0% | Dec 2024 2.8% | Mar 2025 3.0% | Jun 2025 3.1% | Sep 2025 3.1% | Dec 2025 2.7% | Mar 2026 2.6% | Jun 2026 — - JKHY: Sep 2021 7.1% | Dec 2021 6.5% | Mar 2022 5.8% | Jun 2022 5.6% | Sep 2022 7.1% | Dec 2022 5.3% | Mar 2023 5.1% | Jun 2023 6.0% | Sep 2023 6.1% | Dec 2023 5.3% | Mar 2024 4.8% | Jun 2024 5.5% | Sep 2024 6.5% | Dec 2024 5.2% | Mar 2025 5.7% | Jun 2025 6.5% | Sep 2025 7.4% | Dec 2025 6.3% | Mar 2026 6.0% | Jun 2026 — - APLD: Sep 2021 -58% | Dec 2021 -5.8% | Mar 2022 -9.1% | Jun 2022 -8.2% | Sep 2022 -5.9% | Dec 2022 -37% | Mar 2023 -10% | Jun 2023 -4.2% | Sep 2023 -5.0% | Dec 2023 -4.2% | Mar 2024 -28% | Jun 2024 -16% | Sep 2024 6.8% | Dec 2024 -1.8% | Mar 2025 -2.4% | Jun 2025 -5.6% | Sep 2025 -2.3% | Dec 2025 -1.1% | Mar 2026 -2.6% | Jun 2026 -2.5% - CIFR: Sep 2021 -1.2% | Dec 2021 -20% | Mar 2022 -6.8% | Jun 2022 -12% | Sep 2022 -15% | Dec 2022 -14% | Mar 2023 -1.1% | Jun 2023 -3.5% | Sep 2023 -5.0% | Dec 2023 -3.3% | Mar 2024 -9.1% | Jun 2024 -2.9% | Sep 2024 -17% | Dec 2024 -2.7% | Mar 2025 -5.4% | Jun 2025 -5.3% | Sep 2025 -2.5% | Dec 2025 -14% | Mar 2026 -3.9% | Jun 2026 — - INGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 0.0% | Mar 2023 — | Jun 2023 4.9% | Sep 2023 2.8% | Dec 2023 4.3% | Mar 2024 2.2% | Jun 2024 4.9% | Sep 2024 2.9% | Dec 2024 3.3% | Mar 2025 2.7% | Jun 2025 1.9% | Sep 2025 2.9% | Dec 2025 4.1% | Mar 2026 3.0% | Jun 2026 3.1% - G: Sep 2021 3.6% | Dec 2021 3.1% | Mar 2022 3.6% | Jun 2022 3.1% | Sep 2022 3.9% | Dec 2022 3.6% | Mar 2023 4.1% | Jun 2023 4.5% | Sep 2023 5.1% | Dec 2023 4.7% | Mar 2024 4.5% | Jun 2024 4.5% | Sep 2024 4.7% | Dec 2024 5.1% | Mar 2025 4.8% | Jun 2025 4.5% | Sep 2025 4.8% | Dec 2025 4.7% | Mar 2026 4.8% | Jun 2026 — - EPAM: Sep 2021 6.1% | Dec 2021 6.6% | Mar 2022 5.0% | Jun 2022 3.5% | Sep 2022 6.4% | Dec 2022 5.7% | Mar 2023 3.9% | Jun 2023 4.5% | Sep 2023 3.5% | Dec 2023 3.5% | Mar 2024 3.1% | Jun 2024 3.4% | Sep 2024 4.8% | Dec 2024 3.6% | Mar 2025 2.6% | Jun 2025 3.3% | Sep 2025 3.7% | Dec 2025 3.8% | Mar 2026 3.0% | Jun 2026 — - EXLS: Sep 2021 4.3% | Dec 2021 4.0% | Mar 2022 4.2% | Jun 2022 4.7% | Sep 2022 5.1% | Dec 2022 5.5% | Mar 2023 5.7% | Jun 2023 6.1% | Sep 2023 5.7% | Dec 2023 5.0% | Mar 2024 5.6% | Jun 2024 5.3% | Sep 2024 5.7% | Dec 2024 5.8% | Mar 2025 6.0% | Jun 2025 6.1% | Sep 2025 5.5% | Dec 2025 5.8% | Mar 2026 6.5% | Jun 2026 7.0% - PSN: Sep 2021 1.5% | Dec 2021 1.7% | Mar 2022 1.3% | Jun 2022 1.1% | Sep 2022 2.2% | Dec 2022 1.8% | Mar 2023 1.7% | Jun 2023 2.5% | Sep 2023 2.7% | Dec 2023 2.4% | Mar 2024 3.0% | Jun 2024 3.2% | Sep 2024 3.2% | Dec 2024 2.9% | Mar 2025 3.0% | Jun 2025 2.4% | Sep 2025 2.7% | Dec 2025 2.7% | Mar 2026 2.4% | Jun 2026 0.1% - SAIC: Sep 2021 — | Dec 2021 2.5% | Mar 2022 1.9% | Jun 2022 2.8% | Sep 2022 2.8% | Dec 2022 3.0% | Mar 2023 2.7% | Jun 2023 3.6% | Sep 2023 8.1% | Dec 2023 3.2% | Mar 2024 1.8% | Jun 2024 3.1% | Sep 2024 3.2% | Dec 2024 3.8% | Mar 2025 3.4% | Jun 2025 3.1% | Sep 2025 3.6% | Dec 2025 3.1% | Mar 2026 3.2% | Jun 2026 4.5% - CHRN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -9.4% | Dec 2022 -12% | Mar 2023 -14% | Jun 2023 -14% | Sep 2023 -11% | Dec 2023 -13% | Mar 2024 -13% | Jun 2024 -251% | Sep 2024 -12% | Dec 2024 -11% | Mar 2025 -188% | Jun 2025 -139% | Sep 2025 -8.1% | Dec 2025 187% | Mar 2026 -113% | Jun 2026 — - PONY: Sep 2021 0.0% | Dec 2021 0.0% | Mar 2022 — | Jun 2022 — | Sep 2022 -5.5% | Dec 2022 -5.5% | Mar 2023 -12% | Jun 2023 -12% | Sep 2023 -5.5% | Dec 2023 -3.7% | Mar 2024 -5.4% | Jun 2024 -5.7% | Sep 2024 -4.8% | Dec 2024 -21% | Mar 2025 -7.1% | Jun 2025 -8.0% | Sep 2025 -7.7% | Dec 2025 -5.5% | Mar 2026 -4.5% | Jun 2026 — - NIQ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.0% | Dec 2023 0.0% | Mar 2024 — | Jun 2024 — | Sep 2024 -0.3% | Dec 2024 -0.4% | Mar 2025 — | Jun 2025 — | Sep 2025 -0.7% | Dec 2025 1.2% | Mar 2026 -0.4% | Jun 2026 — - KD: Sep 2021 -5.7% | Dec 2021 -8.7% | Mar 2022 -4.0% | Jun 2022 -2.5% | Sep 2022 -2.6% | Dec 2022 -1.4% | Mar 2023 -3.5% | Jun 2023 -1.1% | Sep 2023 -1.2% | Dec 2023 1.3% | Mar 2024 0.4% | Jun 2024 1.5% | Sep 2024 0.3% | Dec 2024 4.8% | Mar 2025 2.3% | Jun 2025 1.7% | Sep 2025 1.8% | Dec 2025 1.8% | Mar 2026 2.6% | Jun 2026 — - PENG: Sep 2021 — | Dec 2021 5.4% | Mar 2022 2.3% | Jun 2022 4.1% | Sep 2022 3.0% | Dec 2022 1.5% | Mar 2023 -0.2% | Jun 2023 -0.2% | Sep 2023 -0.2% | Dec 2023 0.1% | Mar 2024 -0.3% | Jun 2024 1.0% | Sep 2024 0.8% | Dec 2024 1.4% | Mar 2025 1.4% | Jun 2025 0.8% | Sep 2025 1.1% | Dec 2025 1.7% | Mar 2026 2.1% | Jun 2026 4.2% - KEEL: Sep 2021 21% | Dec 2021 6.5% | Mar 2022 2.1% | Jun 2022 -59% | Sep 2022 -33% | Dec 2022 -5.6% | Mar 2023 -3.8% | Jun 2023 -7.6% | Sep 2023 -6.2% | Dec 2023 -4.4% | Mar 2024 0.0% | Jun 2024 -7.3% | Sep 2024 -6.6% | Dec 2024 5.2% | Mar 2025 -6.5% | Jun 2025 -1.4% | Sep 2025 -3.0% | Dec 2025 -12% | Mar 2026 -12% | Jun 2026 — - INOD: Sep 2021 -1.4% | Dec 2021 -3.0% | Mar 2022 -6.6% | Jun 2022 -9.4% | Sep 2022 -9.4% | Dec 2022 -5.3% | Mar 2023 -5.9% | Jun 2023 -2.1% | Sep 2023 2.7% | Dec 2023 6.2% | Mar 2024 4.0% | Jun 2024 0.9% | Sep 2024 25% | Dec 2024 20% | Mar 2025 13% | Jun 2025 13% | Sep 2025 14% | Dec 2025 11% | Mar 2026 15% | Jun 2026 — ### 20-quarter ROCE change history - IBM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −5.1 pp | Dec 2022 +0.7 pp | Mar 2023 +0.7 pp | Jun 2023 +0.5 pp | Sep 2023 +6.5 pp | Dec 2023 +0.5 pp | Mar 2024 −0.1 pp | Jun 2024 +0.1 pp | Sep 2024 −2.8 pp | Dec 2024 −0.6 pp | Mar 2025 0.0 pp | Jun 2025 +0.3 pp | Sep 2025 +3.1 pp | Dec 2025 +0.7 pp | Mar 2026 +0.1 pp | Jun 2026 −0.3 pp - ACN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −0.2 pp | Mar 2023 −1.0 pp | Jun 2023 −1.7 pp | Sep 2023 −1.8 pp | Dec 2023 −0.9 pp | Mar 2024 −0.3 pp | Jun 2024 +0.1 pp | Sep 2024 +0.6 pp | Dec 2024 −0.2 pp | Mar 2025 −0.4 pp | Jun 2025 −0.2 pp | Sep 2025 −1.7 pp | Dec 2025 −1.1 pp | Mar 2026 −0.2 pp | Jun 2026 −0.5 pp - CTSH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.7 pp | Dec 2022 −0.5 pp | Mar 2023 −0.4 pp | Jun 2023 −1.5 pp | Sep 2023 −1.0 pp | Dec 2023 +0.1 pp | Mar 2024 −0.2 pp | Jun 2024 +0.6 pp | Sep 2024 0.0 pp | Dec 2024 −0.1 pp | Mar 2025 +0.7 pp | Jun 2025 +0.4 pp | Sep 2025 +0.5 pp | Dec 2025 +6.0 pp | Mar 2026 −0.3 pp | Jun 2026 +0.1 pp - FIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.4 pp | Dec 2022 0.0 pp | Mar 2023 +0.3 pp | Jun 2023 +0.1 pp | Sep 2023 +0.3 pp | Dec 2023 +0.2 pp | Mar 2024 +0.4 pp | Jun 2024 +0.4 pp | Sep 2024 +0.6 pp | Dec 2024 +0.7 pp | Mar 2025 +0.3 pp | Jun 2025 +0.4 pp | Sep 2025 +0.2 pp | Dec 2025 +0.5 pp | Mar 2026 +0.2 pp | Jun 2026 — - CDW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.3 pp | Dec 2022 +0.5 pp | Mar 2023 −1.4 pp | Jun 2023 −1.4 pp | Sep 2023 −1.1 pp | Dec 2023 −0.1 pp | Mar 2024 −0.3 pp | Jun 2024 +0.5 pp | Sep 2024 −0.2 pp | Dec 2024 −0.6 pp | Mar 2025 +0.1 pp | Jun 2025 −0.6 pp | Sep 2025 −0.9 pp | Dec 2025 0.0 pp | Mar 2026 0.0 pp | Jun 2026 — - BR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 +0.3 pp | Mar 2023 −0.3 pp | Jun 2023 +2.2 pp | Sep 2023 +0.9 pp | Dec 2023 +0.3 pp | Mar 2024 +0.2 pp | Jun 2024 −0.2 pp | Sep 2024 −0.2 pp | Dec 2024 +1.2 pp | Mar 2025 +0.7 pp | Jun 2025 +0.4 pp | Sep 2025 +0.8 pp | Dec 2025 −0.1 pp | Mar 2026 +0.3 pp | Jun 2026 — - LDOS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −0.4 pp | Mar 2023 — | Jun 2023 +0.7 pp | Sep 2023 −6.5 pp | Dec 2023 +1.0 pp | Mar 2024 +1.5 pp | Jun 2024 +1.4 pp | Sep 2024 +9.0 pp | Dec 2024 — | Mar 2025 +0.2 pp | Jun 2025 +0.4 pp | Sep 2025 +0.3 pp | Dec 2025 — | Mar 2026 +0.3 pp | Jun 2026 −0.8 pp - GIB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.3 pp | Dec 2022 +0.2 pp | Mar 2023 +0.4 pp | Jun 2023 +0.4 pp | Sep 2023 +0.6 pp | Dec 2023 0.0 pp | Mar 2024 −0.1 pp | Jun 2024 +0.2 pp | Sep 2024 0.0 pp | Dec 2024 +0.1 pp | Mar 2025 −0.6 pp | Jun 2025 −1.0 pp | Sep 2025 −1.2 pp | Dec 2025 −0.4 pp | Mar 2026 −0.2 pp | Jun 2026 +0.2 pp - WSE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.5 pp | Dec 2022 +6.3 pp | Mar 2023 +6.3 pp | Jun 2023 +10.2 pp | Sep 2023 +10.2 pp | Dec 2023 −9.2 pp | Mar 2024 −9.2 pp | Jun 2024 +0.5 pp | Sep 2024 +0.5 pp | Dec 2024 0.0 pp | Mar 2025 0.0 pp | Jun 2025 −6.5 pp | Sep 2025 −6.5 pp | Dec 2025 0.0 pp | Mar 2026 0.0 pp | Jun 2026 — - IT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.2 pp | Dec 2022 +4.2 pp | Mar 2023 +5.2 pp | Jun 2023 −0.1 pp | Sep 2023 −0.1 pp | Dec 2023 −0.8 pp | Mar 2024 −3.8 pp | Jun 2024 +0.4 pp | Sep 2024 −0.7 pp | Dec 2024 −0.4 pp | Mar 2025 −0.6 pp | Jun 2025 −0.5 pp | Sep 2025 −3.8 pp | Dec 2025 +0.4 pp | Mar 2026 +1.2 pp | Jun 2026 — - CACI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 0.0 pp | Mar 2023 +0.5 pp | Jun 2023 +0.5 pp | Sep 2023 +0.1 pp | Dec 2023 +0.1 pp | Mar 2024 +0.4 pp | Jun 2024 +0.8 pp | Sep 2024 +0.5 pp | Dec 2024 +0.4 pp | Mar 2025 −0.2 pp | Jun 2025 −0.4 pp | Sep 2025 +0.1 pp | Dec 2025 −0.1 pp | Mar 2026 −0.4 pp | Jun 2026 — - JKHY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 −1.2 pp | Mar 2023 −0.7 pp | Jun 2023 +0.4 pp | Sep 2023 −1.0 pp | Dec 2023 0.0 pp | Mar 2024 −0.3 pp | Jun 2024 −0.5 pp | Sep 2024 +0.4 pp | Dec 2024 −0.1 pp | Mar 2025 +0.9 pp | Jun 2025 +1.0 pp | Sep 2025 +0.9 pp | Dec 2025 +1.1 pp | Mar 2026 +0.3 pp | Jun 2026 — - APLD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +51.6 pp | Dec 2022 −31.2 pp | Mar 2023 −0.9 pp | Jun 2023 +4.0 pp | Sep 2023 +0.9 pp | Dec 2023 +32.8 pp | Mar 2024 −18.2 pp | Jun 2024 −11.3 pp | Sep 2024 +11.8 pp | Dec 2024 +2.4 pp | Mar 2025 +25.8 pp | Jun 2025 +9.9 pp | Sep 2025 −9.1 pp | Dec 2025 +0.7 pp | Mar 2026 −0.2 pp | Jun 2026 +3.1 pp - CIFR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −14.2 pp | Dec 2022 +6.2 pp | Mar 2023 +5.7 pp | Jun 2023 +8.5 pp | Sep 2023 +10.4 pp | Dec 2023 +10.3 pp | Mar 2024 −8.0 pp | Jun 2024 +0.6 pp | Sep 2024 −11.7 pp | Dec 2024 +0.6 pp | Mar 2025 +3.7 pp | Jun 2025 −2.4 pp | Sep 2025 +14.2 pp | Dec 2025 −11.2 pp | Mar 2026 +1.5 pp | Jun 2026 — - INGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 +4.3 pp | Mar 2024 — | Jun 2024 0.0 pp | Sep 2024 +0.1 pp | Dec 2024 −1.0 pp | Mar 2025 +0.5 pp | Jun 2025 −3.0 pp | Sep 2025 0.0 pp | Dec 2025 +0.8 pp | Mar 2026 +0.3 pp | Jun 2026 +1.2 pp - G: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.3 pp | Dec 2022 +0.5 pp | Mar 2023 +0.5 pp | Jun 2023 +1.4 pp | Sep 2023 +1.2 pp | Dec 2023 +1.1 pp | Mar 2024 +0.4 pp | Jun 2024 0.0 pp | Sep 2024 −0.4 pp | Dec 2024 +0.4 pp | Mar 2025 +0.3 pp | Jun 2025 0.0 pp | Sep 2025 +0.1 pp | Dec 2025 −0.4 pp | Mar 2026 0.0 pp | Jun 2026 — - EPAM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.3 pp | Dec 2022 −0.9 pp | Mar 2023 −1.1 pp | Jun 2023 +1.0 pp | Sep 2023 −2.9 pp | Dec 2023 −2.2 pp | Mar 2024 −0.8 pp | Jun 2024 −1.1 pp | Sep 2024 +1.3 pp | Dec 2024 +0.1 pp | Mar 2025 −0.5 pp | Jun 2025 −0.1 pp | Sep 2025 −1.1 pp | Dec 2025 +0.2 pp | Mar 2026 +0.4 pp | Jun 2026 — - EXLS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.8 pp | Dec 2022 +1.5 pp | Mar 2023 +1.5 pp | Jun 2023 +1.4 pp | Sep 2023 +0.6 pp | Dec 2023 −0.5 pp | Mar 2024 −0.1 pp | Jun 2024 −0.8 pp | Sep 2024 0.0 pp | Dec 2024 +0.8 pp | Mar 2025 +0.4 pp | Jun 2025 +0.8 pp | Sep 2025 −0.2 pp | Dec 2025 0.0 pp | Mar 2026 +0.5 pp | Jun 2026 +0.9 pp - PSN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.7 pp | Dec 2022 +0.1 pp | Mar 2023 +0.4 pp | Jun 2023 +1.4 pp | Sep 2023 +0.5 pp | Dec 2023 +0.6 pp | Mar 2024 +1.3 pp | Jun 2024 +0.7 pp | Sep 2024 +0.5 pp | Dec 2024 +0.5 pp | Mar 2025 0.0 pp | Jun 2025 −0.8 pp | Sep 2025 −0.5 pp | Dec 2025 −0.2 pp | Mar 2026 −0.6 pp | Jun 2026 −2.3 pp - SAIC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +0.5 pp | Mar 2023 +0.8 pp | Jun 2023 +0.8 pp | Sep 2023 +5.3 pp | Dec 2023 +0.2 pp | Mar 2024 −0.9 pp | Jun 2024 −0.5 pp | Sep 2024 −4.9 pp | Dec 2024 +0.6 pp | Mar 2025 +1.6 pp | Jun 2025 0.0 pp | Sep 2025 +0.4 pp | Dec 2025 −0.7 pp | Mar 2026 −0.2 pp | Jun 2026 +1.4 pp - CHRN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 −1.3 pp | Dec 2023 −1.1 pp | Mar 2024 +0.3 pp | Jun 2024 −236.7 pp | Sep 2024 −1.0 pp | Dec 2024 +1.9 pp | Mar 2025 −174.5 pp | Jun 2025 +112.1 pp | Sep 2025 +3.6 pp | Dec 2025 +198.2 pp | Mar 2026 +74.8 pp | Jun 2026 — - PONY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −5.5 pp | Dec 2022 −5.5 pp | Mar 2023 — | Jun 2023 — | Sep 2023 0.0 pp | Dec 2023 +1.8 pp | Mar 2024 +6.7 pp | Jun 2024 +6.4 pp | Sep 2024 +0.7 pp | Dec 2024 −16.9 pp | Mar 2025 −1.7 pp | Jun 2025 −2.3 pp | Sep 2025 −2.9 pp | Dec 2025 +15.1 pp | Mar 2026 +2.6 pp | Jun 2026 — - NIQ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 −0.3 pp | Dec 2024 −0.4 pp | Mar 2025 — | Jun 2025 — | Sep 2025 −0.4 pp | Dec 2025 +1.6 pp | Mar 2026 — | Jun 2026 — - KD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.1 pp | Dec 2022 +7.3 pp | Mar 2023 +0.5 pp | Jun 2023 +1.4 pp | Sep 2023 +1.4 pp | Dec 2023 +2.7 pp | Mar 2024 +3.9 pp | Jun 2024 +2.6 pp | Sep 2024 +1.5 pp | Dec 2024 +3.5 pp | Mar 2025 +1.9 pp | Jun 2025 +0.2 pp | Sep 2025 +1.5 pp | Dec 2025 −3.0 pp | Mar 2026 +0.3 pp | Jun 2026 — - PENG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −3.9 pp | Mar 2023 −2.5 pp | Jun 2023 −4.3 pp | Sep 2023 −3.2 pp | Dec 2023 −1.4 pp | Mar 2024 −0.1 pp | Jun 2024 +1.2 pp | Sep 2024 +1.0 pp | Dec 2024 +1.3 pp | Mar 2025 +1.7 pp | Jun 2025 −0.2 pp | Sep 2025 +0.3 pp | Dec 2025 +0.3 pp | Mar 2026 +0.7 pp | Jun 2026 +3.4 pp - KEEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −54.2 pp | Dec 2022 −12.1 pp | Mar 2023 −5.9 pp | Jun 2023 +51.4 pp | Sep 2023 +27.0 pp | Dec 2023 +1.2 pp | Mar 2024 +3.8 pp | Jun 2024 +0.3 pp | Sep 2024 −0.4 pp | Dec 2024 +9.6 pp | Mar 2025 −6.5 pp | Jun 2025 +5.9 pp | Sep 2025 +3.6 pp | Dec 2025 −17.2 pp | Mar 2026 −5.1 pp | Jun 2026 — - INOD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −8.0 pp | Dec 2022 −2.3 pp | Mar 2023 +0.7 pp | Jun 2023 +7.3 pp | Sep 2023 +12.1 pp | Dec 2023 +11.5 pp | Mar 2024 +9.9 pp | Jun 2024 +3.0 pp | Sep 2024 +22.2 pp | Dec 2024 +14.2 pp | Mar 2025 +9.3 pp | Jun 2025 +12.1 pp | Sep 2025 −10.8 pp | Dec 2025 −9.0 pp | Mar 2026 +1.6 pp | Jun 2026 — ## Valuation Against Growth & Quality What the numbers say: Broadridge Financial Solutions, Inc. has the lowest comparable PEG at 0.43×, 2.3% below Science Applications International Corporation. Only 11 of 27 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: Broadridge Financial Solutions, Inc. · 0.43× | 2.3% versus #2 · Science Applications International Corporation | 0/8 recent comparable periods | 11/27 companies · 104 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG 1. Broadridge Financial Solutions, Inc. (BR): 0.4 2. Science Applications International Corporation (SAIC): 0.4 3. Gartner, Inc. (IT): 0.5 4. Leidos Holdings, Inc. (LDOS): 0.5 5. Genpact Limited (G): 1.0 ### P/E — lowest P/E 1. ChronoScale Holdings Corporation (CHRN): 1.0 2. Cognizant Technology Solutions Corporation (CTSH): 8.3 3. Fidelity National Information Services, Inc. (FIS): 9.1 4. Science Applications International Corporation (SAIC): 10.8 5. Genpact Limited (G): 11.4 ### 20-quarter PEG history - IBM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 1.6 | Dec 2025 — | Mar 2026 — | Jun 2026 — - ACN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 3.1 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 4.9 | Dec 2024 2.9 | Mar 2025 2.9 | Jun 2025 1.7 | Sep 2025 3.4 | Dec 2025 — | Mar 2026 — | Jun 2026 — - CTSH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.8 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 1.8 | Dec 2024 2.4 | Mar 2025 1.2 | Jun 2025 1.3 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - CDW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 2.4 | Jun 2023 3.4 | Sep 2023 4.8 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - BR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1.9 | Sep 2023 1.1 | Dec 2023 1.3 | Mar 2024 1.4 | Jun 2024 3.1 | Sep 2024 — | Dec 2024 3.1 | Mar 2025 2.7 | Jun 2025 1.6 | Sep 2025 0.9 | Dec 2025 0.6 | Mar 2026 0.4 | Jun 2026 — - GIB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.9 | Jun 2023 1.7 | Sep 2023 1.3 | Dec 2023 1.5 | Mar 2024 2.0 | Jun 2024 2.5 | Sep 2024 3.7 | Dec 2024 2.5 | Mar 2025 2.3 | Jun 2025 2.1 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - IT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.3 | Jun 2023 1.0 | Sep 2023 1.2 | Dec 2023 3.8 | Mar 2024 — | Jun 2024 — | Sep 2024 2.3 | Dec 2024 0.7 | Mar 2025 0.4 | Jun 2025 0.5 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - CACI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 3.4 | Sep 2023 3.3 | Dec 2023 2.8 | Mar 2024 2.1 | Jun 2024 1.8 | Sep 2024 1.1 | Dec 2024 0.7 | Mar 2025 0.8 | Jun 2025 1.1 | Sep 2025 1.8 | Dec 2025 2.4 | Mar 2026 1.6 | Jun 2026 — - JKHY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 5.3 | Mar 2024 4.0 | Jun 2024 — | Sep 2024 3.1 | Dec 2024 3.8 | Mar 2025 2.3 | Jun 2025 1.5 | Sep 2025 1.1 | Dec 2025 1.0 | Mar 2026 1.0 | Jun 2026 — - INGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 0.9 | Mar 2026 0.7 | Jun 2026 — - G: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.8 | Sep 2023 0.5 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.2 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 1.5 | Mar 2026 1.0 | Jun 2026 — - EPAM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.6 | Sep 2023 1.9 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 2.7 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - EXLS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.1 | Jun 2023 0.9 | Sep 2023 1.0 | Dec 2023 1.0 | Mar 2024 1.8 | Jun 2024 4.9 | Sep 2024 3.5 | Dec 2024 3.3 | Mar 2025 1.6 | Jun 2025 0.9 | Sep 2025 1.0 | Dec 2025 1.0 | Mar 2026 1.0 | Jun 2026 — - PSN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.5 | Jun 2023 1.0 | Sep 2023 1.0 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.9 | Dec 2024 0.9 | Mar 2025 0.5 | Jun 2025 1.4 | Sep 2025 5.5 | Dec 2025 — | Mar 2026 — | Jun 2026 — - SAIC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.7 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 0.3 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 0.3 | Dec 2025 0.4 | Mar 2026 1.9 | Jun 2026 0.4 - INOD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 7.8 | Mar 2026 5.2 | Jun 2026 — ### 20-quarter P/E history - IBM: Sep 2021 25.0 | Dec 2021 25.7 | Mar 2022 21.5 | Jun 2022 23.2 | Sep 2022 92.1 | Dec 2022 78.3 | Mar 2023 66.9 | Jun 2023 62.2 | Sep 2023 18.6 | Dec 2023 20.1 | Mar 2024 21.6 | Jun 2024 19.1 | Sep 2024 32.1 | Dec 2024 34.2 | Mar 2025 42.7 | Jun 2025 47.7 | Sep 2025 33.8 | Dec 2025 26.5 | Mar 2026 21.4 | Jun 2026 25.0 - ACN: Sep 2021 — | Dec 2021 37.2 | Mar 2022 31.9 | Jun 2022 29.0 | Sep 2022 26.9 | Dec 2022 27.3 | Mar 2023 24.5 | Jun 2023 27.3 | Sep 2023 30.1 | Dec 2023 30.9 | Mar 2024 34.0 | Jun 2024 25.9 | Sep 2024 29.9 | Dec 2024 30.4 | Mar 2025 28.8 | Jun 2025 25.2 | Sep 2025 21.4 | Dec 2025 20.7 | Mar 2026 17.1 | Jun 2026 14.9 - CTSH: Sep 2021 21.0 | Dec 2021 21.9 | Mar 2022 21.5 | Jun 2022 15.7 | Sep 2022 12.8 | Dec 2022 13.0 | Mar 2023 13.6 | Jun 2023 15.2 | Sep 2023 16.4 | Dec 2023 17.9 | Mar 2024 17.6 | Jun 2024 15.5 | Sep 2024 17.1 | Dec 2024 17.1 | Mar 2025 16.1 | Jun 2025 15.9 | Sep 2025 15.6 | Dec 2025 18.2 | Mar 2026 13.3 | Jun 2026 8.3 - FIS: Sep 2021 328.9 | Dec 2021 162.9 | Mar 2022 67.9 | Jun 2022 66.4 | Sep 2022 49.4 | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 58.4 | Sep 2024 33.8 | Dec 2024 31.0 | Mar 2025 49.5 | Jun 2025 452.3 | Sep 2025 244.2 | Dec 2025 91.0 | Mar 2026 9.1 | Jun 2026 — - CDW: Sep 2021 25.6 | Dec 2021 29.1 | Mar 2022 24.7 | Jun 2022 21.4 | Sep 2022 20.5 | Dec 2022 22.0 | Mar 2023 24.4 | Jun 2023 23.4 | Sep 2023 25.2 | Dec 2023 28.1 | Mar 2024 31.9 | Jun 2024 27.4 | Sep 2024 27.7 | Dec 2024 21.8 | Mar 2025 19.9 | Jun 2025 22.2 | Sep 2025 20.1 | Dec 2025 16.9 | Mar 2026 14.7 | Jun 2026 — - BR: Sep 2021 35.8 | Dec 2021 40.0 | Mar 2022 33.4 | Jun 2022 31.3 | Sep 2022 32.8 | Dec 2022 29.9 | Mar 2023 31.5 | Jun 2023 31.3 | Sep 2023 31.8 | Dec 2023 35.8 | Mar 2024 35.0 | Jun 2024 33.6 | Sep 2024 37.2 | Dec 2024 35.4 | Mar 2025 36.5 | Jun 2025 34.2 | Sep 2025 30.5 | Dec 2025 24.7 | Mar 2026 17.4 | Jun 2026 — - LDOS: Sep 2021 — | Dec 2021 18.0 | Mar 2022 — | Jun 2022 21.3 | Sep 2022 19.9 | Dec 2022 21.2 | Mar 2023 18.9 | Jun 2023 17.3 | Sep 2023 88.6 | Dec 2023 75.2 | Mar 2024 56.5 | Jun 2024 45.7 | Sep 2024 18.2 | Dec 2024 — | Mar 2025 16.0 | Jun 2025 13.4 | Sep 2025 15.6 | Dec 2025 18.2 | Mar 2026 16.5 | Jun 2026 14.5 - GIB: Sep 2021 19.9 | Dec 2021 20.0 | Mar 2022 17.3 | Jun 2022 17.3 | Sep 2022 17.2 | Dec 2022 19.0 | Mar 2023 20.4 | Jun 2023 20.9 | Sep 2023 19.5 | Dec 2023 20.3 | Mar 2024 21.2 | Jun 2024 19.0 | Sep 2024 21.3 | Dec 2024 20.8 | Mar 2025 18.8 | Jun 2025 19.0 | Sep 2025 16.9 | Dec 2025 17.0 | Mar 2026 13.3 | Jun 2026 11.4 - WSE: Sep 2021 372.0 | Dec 2021 199.9 | Mar 2022 166.3 | Jun 2022 71.0 | Sep 2022 121.7 | Dec 2022 66.6 | Mar 2023 48.4 | Jun 2023 41.5 | Sep 2023 32.0 | Dec 2023 — | Mar 2024 24.4 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 24.5 | Jun 2025 28.6 | Sep 2025 30.5 | Dec 2025 24.7 | Mar 2026 24.6 | Jun 2026 — - IT: Sep 2021 37.7 | Dec 2021 36.3 | Mar 2022 31.4 | Jun 2022 27.3 | Sep 2022 29.8 | Dec 2022 33.8 | Mar 2023 28.1 | Jun 2023 30.4 | Sep 2023 29.6 | Dec 2023 40.7 | Mar 2024 47.4 | Jun 2024 42.8 | Sep 2024 37.4 | Dec 2024 30.3 | Mar 2025 26.1 | Jun 2025 24.9 | Sep 2025 23.1 | Dec 2025 26.1 | Mar 2026 15.7 | Jun 2026 — - CACI: Sep 2021 14.2 | Dec 2021 14.9 | Mar 2022 17.4 | Jun 2022 18.2 | Sep 2022 16.8 | Dec 2022 19.5 | Mar 2023 18.9 | Jun 2023 20.8 | Sep 2023 19.1 | Dec 2023 19.6 | Mar 2024 21.9 | Jun 2024 23.1 | Sep 2024 25.0 | Dec 2024 19.0 | Mar 2025 17.3 | Jun 2025 21.4 | Sep 2025 22.0 | Dec 2025 22.8 | Mar 2026 22.4 | Jun 2026 — - JKHY: Sep 2021 38.1 | Dec 2021 35.8 | Mar 2022 40.4 | Jun 2022 36.4 | Sep 2022 36.3 | Dec 2022 36.4 | Mar 2023 31.5 | Jun 2023 33.3 | Sep 2023 30.5 | Dec 2023 32.0 | Mar 2024 33.5 | Jun 2024 31.7 | Sep 2024 32.3 | Dec 2024 31.6 | Mar 2025 31.1 | Jun 2025 28.9 | Sep 2025 22.6 | Dec 2025 26.2 | Mar 2026 22.1 | Jun 2026 — - CIFR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 286.0 | Sep 2023 — | Dec 2023 — | Mar 2024 103.0 | Jun 2024 83.0 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - INGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 16.6 | Mar 2025 14.3 | Jun 2025 17.8 | Sep 2025 16.9 | Dec 2025 15.9 | Mar 2026 14.8 | Jun 2026 15.0 - G: Sep 2021 24.9 | Dec 2021 27.8 | Mar 2022 22.3 | Jun 2022 23.5 | Sep 2022 24.6 | Dec 2022 24.6 | Mar 2023 23.8 | Jun 2023 17.2 | Sep 2023 15.6 | Dec 2023 10.2 | Mar 2024 9.4 | Jun 2024 9.1 | Sep 2024 10.8 | Dec 2024 15.1 | Mar 2025 17.2 | Jun 2025 14.6 | Sep 2025 13.5 | Dec 2025 15.0 | Mar 2026 11.4 | Jun 2026 — - EPAM: Sep 2021 73.5 | Dec 2021 82.0 | Mar 2022 38.0 | Jun 2022 47.6 | Sep 2022 52.7 | Dec 2022 46.2 | Mar 2023 41.0 | Jun 2023 25.0 | Sep 2023 31.9 | Dec 2023 42.1 | Mar 2024 37.8 | Jun 2024 27.0 | Sep 2024 25.9 | Dec 2024 29.8 | Mar 2025 23.6 | Jun 2025 25.2 | Sep 2025 23.0 | Dec 2025 30.5 | Mar 2026 19.4 | Jun 2026 — - EXLS: Sep 2021 35.7 | Dec 2021 43.2 | Mar 2022 41.2 | Jun 2022 39.5 | Sep 2022 35.9 | Dec 2022 39.9 | Mar 2023 34.7 | Jun 2023 29.9 | Sep 2023 27.0 | Dec 2023 28.1 | Mar 2024 29.4 | Jun 2024 29.3 | Sep 2024 33.5 | Dec 2024 36.7 | Mar 2025 35.8 | Jun 2025 30.4 | Sep 2025 30.0 | Dec 2025 27.6 | Mar 2026 19.4 | Jun 2026 16.3 - PSN: Sep 2021 62.5 | Dec 2021 57.0 | Mar 2022 56.1 | Jun 2022 50.5 | Sep 2022 44.0 | Dec 2022 53.2 | Mar 2023 48.6 | Jun 2023 42.6 | Sep 2023 42.5 | Dec 2023 44.2 | Mar 2024 53.2 | Jun 2024 45.2 | Sep 2024 50.8 | Dec 2024 43.5 | Mar 2025 25.0 | Jun 2025 32.0 | Sep 2025 38.0 | Dec 2025 28.1 | Mar 2026 25.9 | Jun 2026 36.1 - SAIC: Sep 2021 — | Dec 2021 17.7 | Mar 2022 17.1 | Jun 2022 17.8 | Sep 2022 21.2 | Dec 2022 22.3 | Mar 2023 19.4 | Jun 2023 17.2 | Sep 2023 13.3 | Dec 2023 11.7 | Mar 2024 14.5 | Jun 2024 15.4 | Sep 2024 22.1 | Dec 2024 24.4 | Mar 2025 15.1 | Jun 2025 16.6 | Sep 2025 13.4 | Dec 2025 12.0 | Mar 2026 13.2 | Jun 2026 10.8 - CHRN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 1.0 | Jun 2026 — - KD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 62.9 | Mar 2025 29.9 | Jun 2025 34.7 | Sep 2025 17.8 | Dec 2025 25.3 | Mar 2026 15.4 | Jun 2026 — - PENG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 86.2 | Dec 2025 88.0 | Mar 2026 28.9 | Jun 2026 39.6 - KEEL: Sep 2021 — | Dec 2021 38.9 | Mar 2022 20.8 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - INOD: Sep 2021 476.5 | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 110.0 | Jun 2024 164.8 | Sep 2024 28.4 | Dec 2024 44.4 | Mar 2025 34.5 | Jun 2025 41.3 | Sep 2025 79.5 | Dec 2025 55.4 | Mar 2026 34.8 | Jun 2026 — ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. ## Every company - International Business Machines Corporation (IBM) — market value ₹2.2 L Cr; latest fundamentals Jun 2026 - Accenture plc (ACN) — market value ₹1.0 L Cr; latest fundamentals Jun 2026 - Cognizant Technology Solutions Corporation (CTSH) — market value ₹25.3K Cr; latest fundamentals Jun 2026 - Fidelity National Information Services, Inc. (FIS) — market value ₹22.9K Cr; latest fundamentals Mar 2026 - CDW Corporation (CDW) — market value ₹19.7K Cr; latest fundamentals Mar 2026 - Broadridge Financial Solutions, Inc. (BR) — market value ₹19.5K Cr; latest fundamentals Mar 2026 - Leidos Holdings, Inc. (LDOS) — market value ₹16.4K Cr; latest fundamentals Jun 2026 - CGI Inc. (GIB) — market value ₹15.2K Cr; latest fundamentals Jun 2026 - Wise Group plc (WSE) — market value ₹12.5K Cr; latest fundamentals Mar 2026 - Gartner, Inc. (IT) — market value ₹12.4K Cr; latest fundamentals Mar 2026 - CACI International Inc (CACI) — market value ₹11.6K Cr; latest fundamentals Mar 2026 - Jack Henry & Associates, Inc. (JKHY) — market value ₹11.1K Cr; latest fundamentals Mar 2026 - Applied Digital Corporation (APLD) — market value ₹9.1K Cr; latest fundamentals Jun 2026 - Cipher Digital Inc. (CIFR) — market value ₹8.4K Cr; latest fundamentals Mar 2026 - Ingram Micro Holding Corporation (INGM) — market value ₹6.7K Cr; latest fundamentals Jun 2026 - Genpact Limited (G) — market value ₹6.1K Cr; latest fundamentals Mar 2026 - EPAM Systems, Inc. (EPAM) — market value ₹5.9K Cr; latest fundamentals Mar 2026 - ExlService Holdings, Inc. (EXLS) — market value ₹5.2K Cr; latest fundamentals Jun 2026 - Parsons Corporation (PSN) — market value ₹5.2K Cr; latest fundamentals Jun 2026 - Science Applications International Corporation (SAIC) — market value ₹5.1K Cr; latest fundamentals Jun 2026 - ChronoScale Holdings Corporation (CHRN) — market value ₹3.5K Cr; latest fundamentals Mar 2026 - Pony AI Inc. (PONY) — market value ₹3.5K Cr; latest fundamentals Mar 2026 - NIQ Global Intelligence plc (NIQ) — market value ₹3.5K Cr; latest fundamentals Mar 2026 - Kyndryl Holdings, Inc. (KD) — market value ₹3.2K Cr; latest fundamentals Mar 2026 - Penguin Solutions, Inc. (PENG) — market value ₹3.0K Cr; latest fundamentals Jun 2026 - Keel Infrastructure Corp. (KEEL) — market value ₹2.5K Cr; latest fundamentals Mar 2026 - Innodata Inc. (INOD) — market value ₹2.3K Cr; latest fundamentals Mar 2026 ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-04. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Information Technology Services sector outperforming S&P 500? Information Technology Services has outperformed S&P 500 by 1.3% over 52 weeks and 5.2% over 13 weeks. 7 of 27 covered companies beat the S&P 500 on Mansfield relative strength, while 8 of 27 beat the sector itself. ### Which Information Technology Services company is largest by revenue? Accenture plc leads with revenue of $73,100 million, based on 18 of 27 comparable companies through Jun 2026. ### Which Information Technology Services company is growing fastest? Keel Infrastructure Corp. has the fastest current revenue growth at 51.6%, across 17 of 27 comparable companies. ### Which Information Technology Services company has the strongest 4-Factor Sector Score? Science Applications International Corporation ranks first at 67.6/100 with 85.3% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### Which Information Technology Services company has the lowest comparable PEG? Broadridge Financial Solutions, Inc. has the lowest comparable PEG at 0.43, among 11 of 27 companies whose earnings and growth are steady enough for the ratio to mean anything. ### How much history does this Information Technology Services comparison include? The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ### Which Information Technology Services company is the biggest? Accenture plc is the largest, with trailing-twelve-month revenue of $73,100 million, ahead of CDW Corporation at $22,905 million. That covers 18 of 27 companies with comparable reporting through Jun 2026. ### Which Information Technology Services company has the best profit margins? Wise Group plc has the highest operating margin at 30.1%, from 27 of 27 comparable companies. Pony AI Inc. shows the biggest recent improvement, at +230.6 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Information Technology Services company makes the most profit? Accenture plc earns the most, at $7,939 million of trailing-twelve-month net profit, from 18 of 27 comparable companies. Broadridge Financial Solutions, Inc. has the fastest profit growth at 39.6%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Information Technology Services company earns the highest return on capital? Innodata Inc. leads on return on capital employed at 14.9%, across 27 of 27 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Which Information Technology Services stock is the cheapest? On PEG — where a LOWER number is cheaper — Broadridge Financial Solutions, Inc. screens cheapest at 0.43×. Only 11 of 27 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own. ### Is the Information Technology Services sector beating the market? Information Technology Services has outperformed S&P 500 by 1.3% over the last 52 weeks and 5.2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 7 of 27 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Information Technology Services stock has the strongest price momentum? ChronoScale Holdings Corporation has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Information Technology Services company scores highest for research priority? Science Applications International Corporation scores 67.6 out of 100 with 85.3% evidence confidence, from 21.5 points on growth and earnings, 12.6 on capital efficiency, 15.7 on valuation and 17.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Information Technology Services companies does this comparison cover, and over what period? It compares 27 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Information Technology Services sector? The 27 Information Technology Services companies on this page carry $565,586 million of combined market value. International Business Machines Corporation is the largest at $221,543 million, about 39% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04. ### What is the Information Technology Services sector's P/E ratio? The median price-to-earnings ratio across the 27 Information Technology Services companies on this page is 16.3×, measured on the 24 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04. ### How is the Information Technology Services sector performing? 7 of the 27 covered Information Technology Services companies are beating S&P 500 on Mansfield relative strength. The sector itself is 1.3% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04. ### How many Information Technology Services stocks are listed in the US? This comparison covers 27 listed Information Technology Services companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.