Persistent Systems today announced the Company's audited financial results for the quarter ended September 30, 2026, as approved by the Board of Directors. Secured approximately 94.04% of Nagarro's share capital and voting rights, excluding treasury shares.
Q2FY27 Revenue USD 487.6M margin percent QoQ growth 7.8% YoY 20.0%, Constant currency growth 7.8% QoQ 20.8% YoY, Revenue INR Million 46,639.0 QoQ 8.4% YoY 30.3%, EBIT INR Million 6,977.2 margin 15.0% QoQ 1.6% YoY 19.5%, Operating PAT INR Million 4,951.5 margin 10.6% QoQ 2.5% YoY 5.0%, PAT INR Million 3,515.1 margin 7.5% QoQ -27.2% YoY -25.4%.
"We are pleased to report Q2 FY27 revenue of USD 487.6M, marking our 26th sequential quarter of growth. This reflects a 7.8% increase quarter-over-quarter and 20.0% year-over-year, with an EBIT margin of 15.0%. We made substantial progress towards the Nagarro acquisition, securing approximately 94.04% of its share capital and voting rights, excluding treasury shares. We received shareholder approval for an equity raise of up to USD 450M, with combined equity and borrowings capped at USD 1,250M at the Extraordinary General Meeting. The proposed combination aligns with our long-term M&A strategy to strengthen our engineering capabilities, diversify our geographic presence and expand our global delivery capabilities." said Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent.
Key wins include accelerating mainframe modernization through agentic AI ecosystems for leading hyperscaler, reengineering Salesforce ecosystem for storage services provider, strengthening data and AI foundation for beauty company, modernizing legacy estate for Fortune 500 insurer, streamlining branch oversight with AI agents for leading US bank, simplifying asset transfers through agentic AI automation.
About Persistent
Persistent Systems is a global services and solutions company delivering AI-led, platform-driven Digital Engineering and Enterprise Modernization to businesses across industries. With over 29,500 employees located in 21 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including software engineering, product development, data and analytics, CX transformation, cloud computing, and agentic business automation. The Company is part of the MSCI India Index and is included in key indices of the National Stock Exchange of India, including the Nifty Midcap 50, Nifty IT, and Nifty MidCap Liquid 15, as well as several on the BSE such as the S&P BSE 100 and S&P BSE SENSEX Next 50. Persistent has been named one of America's Greatest Workplaces in Tech 2026 by Newsweek and Plant A Insights Group. The Company is also a constituent of the Dow Jones Best-in-Class World Index. Persistent has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. As a participant of the United Nations Global Compact, the Company is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With a 22% YoY growth in brand value, Persistent has been recognized as the Fastest Growing IT Services brand globally in the 2026 Brand Finance IT Services 25 report, among the world's Top 25 IT Services brands and ranks as the 12th strongest brand.
