--- title: Tech Services Q4 2025 Public Company Update description: Alten Capital monitors the performance of public tech services companies. image: https://alten.capital/hubfs/Tech%20Services%20Update-1.png --- [Skip to content](https://alten.capital/blog/tech-services-q4-2025-public-company-update#main-content) [![Alten-Capital-Logo-white-2](https://alten.capital/hubfs/Alten-Capital-Logo-white-2.svg "Alten-Capital-Logo-white-2")](https://alten.capital) - [About us](https://alten.capital/about-us) - [Strategy](https://alten.capital/strategy) - [Insights](https://alten.capital/blog) - [Contact us](https://alten.capital/contact-us) Search Search - There are no suggestions because the search field is empty. [Alten Capital](https://alten.capital/blog/author/alten) December 10, 2025 # Tech Services Q4 2025 Public Company Update Alten Capital monitors the performance of public tech services companies. --- Our active list includes the following names in each category (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 (HCLT), Tata Consultancy Services (TCS), Wipro (WIT), and Persistent (PSYS) Below are updated operational and valuation metrics for the group: ![](https://alten.capital/hs-fs/hubfs/undefined-Dec-10-2025-09-24-54-2948-PM.png?width=1409&height=1009&name=undefined-Dec-10-2025-09-24-54-2948-PM.png) We look at valuation, growth, and profitability metrics. The size of each bubble in the chart below represents the respective enterprise value of each company. Digital Engineering valuation relative to growth: CI&T is expected to grow the fastest in 2026 (13%). EPAM has the highest revenue multiples among the group. ![](https://alten.capital/hs-fs/hubfs/undefined-Dec-10-2025-09-24-53-1528-PM.png?width=1600&height=724&name=undefined-Dec-10-2025-09-24-53-1528-PM.png) Digital Engineering valuation relative to profitability: Globant is expected to show the highest projected EBITDA margin for 2026 (21%). Notably, Endava stands out as the least expensive from a profitability metric, while EPAM is the most expensive. ![](https://alten.capital/hs-fs/hubfs/undefined-Dec-10-2025-09-24-53-5873-PM.png?width=1600&height=724&name=undefined-Dec-10-2025-09-24-53-5873-PM.png) Global IT Consulting valuation relative to growth: Cognizant is expected to grow the fastest in 2026 (8%). Accenture has the highest revenue multiples among its peers. ![](https://alten.capital/hs-fs/hubfs/undefined-Dec-10-2025-09-24-55-5961-PM.png?width=1600&height=561&name=undefined-Dec-10-2025-09-24-55-5961-PM.png) Global IT Consulting valuation relative to profitability: Accenture is expected to show the highest projected EBITDA margin for 2026 (19%). Notably, Cognizant stands out as the least expensive from a profitability metric, while Accenture is the most expensive. ![](https://alten.capital/hs-fs/hubfs/undefined-Dec-10-2025-09-24-54-8817-PM.png?width=1600&height=562&name=undefined-Dec-10-2025-09-24-54-8817-PM.png) Offshore IT Services valuation relative to growth: Persistent is expected to grow the fastest in 2026 (15%). Additionally, the company has the highest revenue multiples among its peer group. ![](https://alten.capital/hs-fs/hubfs/undefined-Dec-10-2025-09-24-53-9364-PM.png?width=1600&height=656&name=undefined-Dec-10-2025-09-24-53-9364-PM.png) Offshore IT Services valuation relative to profitability: Infosys is expected to show the highest projected EBITDA margin for 2026 (24%). Notably, TCS stands out as the least expensive from a profitability metric, while Persistent is the most expensive. ![](https://alten.capital/hs-fs/hubfs/undefined-Dec-10-2025-09-24-55-2260-PM.png?width=1600&height=657&name=undefined-Dec-10-2025-09-24-55-2260-PM.png) Alten Capital invests in technology services businesses. Reach out to explore potential partnerships. ![Alten-Capital-Logo-white-3](https://alten.capital/hubfs/Alten-Capital-Logo-white-3.svg "Alten-Capital-Logo-white-3") We invest in exceptional management teams to accelerate high-growth technology services businesses. --- [Let's conect](https://www.linkedin.com/company/alten-capital/) --- [Home](https://alten.capital) [About Us](https://alten.capital/about-us) [Strategy](https://alten.capital/strategy) [Insights](https://alten.capital/blog) [Contact us](https://alten.capital/contact-us) --- New York Office 386 Park Ave South ,18th Floor New York, NY 10016 --- Subscribe to the latest news in technology services investing and M&A. © 2023 - Alten Capital - All rights reserved.   ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Alten Capital", "url" : "https://alten.capital/blog/author/alten" }, "dateModified" : "2025-12-10T22:48:29.566Z", "datePublished" : "2025-12-10T22:48:29.000Z", "headline" : "Tech Services Q4 2025 Public Company Update", "image" : [ "https://alten.capital/hubfs/Tech%20Services%20Update-1.png" ], "mainEntityOfPage" : { "@id" : "https://alten.capital/blog/tech-services-q4-2025-public-company-update", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://alten.capital/hubfs/Alten-Capital-Logo.svg" }, "name" : "Alten Capital" } } ```