Turn of the mid caps

Mid-size technology companies are back with a vengeance, reporting higher earnings growth than their larger peers. All of the big players of the technology sector have reported single-digit EBITDA growth in this period - Infosys was the highest with 8 per cent EBITDA growth (TTM), followed by Wipro, which saw earnings grow 6 per cent; the industry leader TCS reported flat EBITDA growth (TTM). Here are two companies with top earnings growth in the technology space. Tata Elxsi Embedded growth Tata Elxsi has sales close to ₹1,000 crore (TTM) and market capitalisation of ₹5,600 crore. It derives the majority of its revenues (94 per cent) from the software division. Within the software vertical, embedded software constitutes 81 per cent to the total revenues. Within t