Persistent Systems announced its audited financial results for Q1 FY26 (quarter ended June 30, 2025) on July 23, 2025, reporting a consolidated revenue of $389.7 million, up 3.9% quarter-on-quarter (Q-o-Q) and 18.8% year-on-year (Y-o-Y). The company also recorded a 38.7% Y-o-Y growth in profit after tax (PAT) at ₹424.9 million, marking its 21st consecutive quarter of sequential revenue growth.
Revenue: $389.7M (₹3,333.6 crore), +3.9% Q-o-Q, +18.8% Y-o-Y.
PAT: ₹424.9M, +7.4% Q-o-Q, +38.7% Y-o-Y.
EBIT: ₹517.8M, +2.5% Q-o-Q, +34.8% Y-o-Y.
Order Booking: $520.8M Total Contract Value (TCV), $385.3M Annual Contract Value (ACV).
Dividend: Final dividend of ₹15 per share approved at the 35th AGM on July 21, 2025.
Recognitions: Leader in ISG Provider Lens™ 2025, Everest Group PEAK Matrix® 2025, and fastest-growing IT services brand in Brand Finance India 100 2025.
Persistent’s Q1 FY26 results reflect its AI-led, platform-driven strategy, delivering consistent growth despite a challenging macroeconomic environment. Revenue in INR terms reached ₹3,333.6 crore, up 2.8% Q-o-Q and 21.8% Y-o-Y, with constant currency growth at 3.3% Q-o-Q and 19.0% Y-o-Y. Operating profit (EBIT) rose to ₹517.8 crore (+2.5% Q-o-Q, +34.8% Y-o-Y), and profit before tax (PBT) hit ₹555.4 crore (+9.9% Q-o-Q, +38.7% Y-o-Y). The company’s sustained margins and robust order pipeline, with $520.8M in TCV, underscore its focus on customer value and innovation.
“We delivered our 21st sequential quarter of revenue growth, up 3.9% Q-o-Q and 18.8% Y-o-Y, while sustaining operating margins,” said Sandeep Kalra, CEO and Executive Director. “This performance reflects the strength of our AI-led, platform-driven strategy.”
Persistent secured significant deals across industries, leveraging its SASVA™ platform and agentic AI:
Software & Hi-Tech: Modernized a contact center assurance platform for a global network lifecycle automation leader and built AI-driven solutions for a multinational tech company.
Banking & Financial Services: Enhanced customer experience through a scalable debt issuance system for a U.S. federal corporation and co-engineered a digital banking platform for a global wealth management firm.
Healthcare & Life Sciences: Established a software Center of Excellence in India for a life sciences leader and built a safety report distribution portal for a clinical research firm.
Yogesh Patgaonkar, Chief People Officer, will retire on July 31, 2025, after shaping the company’s talent strategy.
Rajiv Naithani, joining in February 2025, will assume the role of Chief People Officer on August 1, 2025, focusing on AI-driven talent transformation.
Shimona Chadha joins as Chief Marketing Officer to strengthen global brand positioning.
Persistent’s innovation and workplace excellence earned accolades:
Fastest-growing IT services brand in Brand Finance India 100 2025 (468% brand value growth since 2020).
Leader in ISG Provider Lens™ 2025 for Digital Engineering Services and Everest Group’s Talent Readiness for Next-Gen Application Services 2025.
Named one of America’s Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek.
With a market cap of ₹79,795 crore (up 16.3% Y-o-Y), Persistent is a constituent of the MSCI India Index and Dow Jones Sustainability World Index, reflecting its sustainability commitment and carbon neutrality. The company’s $1.41 billion FY25 revenue and 14.7% EBIT margin set the stage for its $2 billion revenue target by FY27, driven by AI and digital engineering.
Persistent Systems achieves $389.7M revenue in Q1 FY26, with 18.8% Y-o-Y growth and 38.7% PAT increase, driven by AI-led strategy.
Persistent Systems (BSE: 533179) (NSE: PERSISTENT) is a global services and solutions company delivering AI-led, platform-driven Digital Engineering and Enterprise Modernization to businesses across industries. With over 25,000 employees located in 18 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 intelligent 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 is also a constituent of the Dow Jones Sustainability World Index. The Company has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. Persistent has also been named one of America's Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek and Plant A Insights Group. 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 468% growth in brand value since 2020, Persistent is the fastest-growing IT services brand in 'Brand Finance India 100' 2025 Report.
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