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Q4 2025 Public Operating & Valuation Metrics Update

As investors in the tech services private markets, we track public companies’ operational and valuation performance.


Our current coverage includes the following companies in each category, ranked by enterprise value:

Digital Engineering: EPAM (EPAM), Globant (GLOB), CI&T (CINT), Endava (DAVA), and Grid Dynamics (GDYN)
Global IT Consulting: Accenture (ACN), Cognizant (CTSH), and Capgemini (CAP)
Offshore IT Services: Infosys (INFY), HCL Technologies (HCLT), Tata Consultancy Services (TCS), Wipro (WIT), and Persistent (PSYS)

Below are updated operational and valuation metrics for these companies:

We look at valuation, growth, and profitability metrics. The size of each bubble in the charts below represents each company's respective enterprise value.

Digital Engineering valuation relative to profitability:

Digital Engineering valuation relative to growth:

Global IT Consulting valuation relative to profitability:

Global IT Consulting valuation relative to growth:

Offshore IT Services valuation relative to profitability:

Offshore IT Services valuation relative to growth:

Alten Capital invests in technology services businesses. Please contact us to explore potential partnerships.