Persistent Systems continued its series of investor interaction sessions in late September 2026, engaging with institutional investors to reiterate its strong Q1FY27 performance and update on the proposed acquisition of Nagarro. The latest engagements took place on Tuesday, September 29, 2026.

The company confirmed that no unpublished price-sensitive information was disclosed during these engagements, which were conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. During the sessions, Persistent reiterated the information contained in its Investor Presentation submitted on September 19, 2026.

Investor Meeting Schedule

The company conducted six sets of one-on-one meetings with institutional investors. The first set took place on Monday, September 21, 2026, the second on Wednesday, September 23, 2026, the third on Thursday, September 24, 2026, the fourth on Friday, September 25, 2026, the fifth on Monday, September 28, 2026, and the sixth on Tuesday, September 29, 2026.

Amit Murari Atre, Company Secretary, signed the intimations filed with the National Stock Exchange of India Limited and BSE Limited. The interaction with Canara Robeco Mutual Fund scheduled for September 24 was cancelled.

Q1FY27 Financial Performance

During the interactions, Persistent highlighted its robust growth trajectory. The company reported Q1FY27 revenue of $452.4 million, marking a 16.1% YoY increase. This performance contributed to a trailing twelve-month (TTM) revenue of $1,717.1 million, up 16.8% YoY.

Profitability metrics also showed strength:

• EBIT Margin: 16.0% (up 32.7% YoY)
• PAT Margin: 11.2% (up 13.7% YoY)

The company emphasized its position as the only publicly listed Indian IT services company to deliver 25 consecutive quarters of sequential revenue growth since FY2021. In Q1FY27, Persistent’s quarter-over-quarter (QoQ) revenue growth stood at 3.76%, significantly outperforming the average of listed Indian IT peers at 0.52%.

Strategic Focus and Nagarro Acquisition

The investor presentation reiterated Persistent's strategy as an AI-led, platform-driven digital engineering partner. Key strategic pillars include expanding share of wallet in existing clients, strengthening AI-first enterprise transformation, and pursuing selective value-accretive M&A.

A significant portion of the discussion centered on the proposed business combination with Nagarro SE. Persistent has agreed to acquire 100% of Nagarro at an Enterprise Value of €1.27 billion, based on €81 per share in cash. The transaction values Nagarro at 1.27x EV/CY25A Revenue and 9.19x EV/CY25A Adjusted EBITDA.

Transaction Status

• Regulatory Approvals: All merger control clearances obtained; FDI filings approved in 3 out of 5 jurisdictions.
• Acceptance Period: The initial acceptance period ended on September 17, 2026, with the minimum acceptance threshold of 50% + 1 share met. An additional acceptance period runs until October 6, 2026.
• Closing: Expected in Q4 CY26 / Q1 CY27.

What the Numbers Show

The combined data reveals a stark divergence between Persistent’s growth and the broader Indian IT sector. While the average QoQ revenue growth for peers was 0.52% and YoY growth was 3.44%, Persistent clocked 3.76% QoQ and 16.07% YoY. This relative outperformance of 12.63% on a YoY basis highlights the efficacy of its niche focus on digital engineering and AI-led services compared to traditional IT services models. Furthermore, the proposed acquisition of Nagarro adds a complementary European footprint (29.8% of Nagarro’s revenue from Central Europe) and diversifies vertical exposure into Automotive and Manufacturing, areas where Persistent has lower concentration.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE262H01021/42ac5699-80a1-4847-8868-530db5974e24.pdf

Persistent Systems reported Q1FY27 revenue of $452.4 million, marking a 16.1% YoY increase. The IT services firm disclosed these figures during investor sessions held on September 22, 2026, reiterating details from its recent investor presentation.

The company confirmed that no unpublished price-sensitive information was shared during the interactions. The disclosure aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights

The company demonstrated sustained growth momentum with a TTM revenue of $1,717.1 million, up 16.8% YoY. Key profitability metrics for Q1FY27 included:

Persistent Systems remains the only publicly listed Indian IT services company to deliver 25 consecutive quarters of sequential revenue growth since FY21. The company outperformed its listed peers significantly, with a relative YoY growth advantage of 12.63% compared to the peer average of 3.44%.

Strategic Updates: Nagarro Acquisition

The investor presentation provided updates on the proposed business combination with Nagarro SE. Persistent has agreed to acquire 100% of Nagarro at an Enterprise Value of €1.27 billion.

• Transaction Status: The minimum acceptance threshold of 50% + 1 share was met during the initial acceptance period ending September 17, 2026.
• Timeline: Closing is expected in Q4 CY26 or Q1 CY27.
• Strategic Fit: Nagarro adds a European footprint and capabilities in automotive, manufacturing, and retail sectors, complementing Persistent’s North America-led business.

Sector Performance

Growth was broad-based across key verticals:

• Healthcare & Life Sciences: Revenue grew at a 30.2% CAGR over FY24-FY26.
• BFSI: Revenue grew at a 23.0% CAGR over the same period.
• Software & Hi-Tech: Revenue grew at an 8.7% CAGR.

Client concentration remained stable, with the top 10 clients accounting for 43.0% of total revenue in Q1FY27. The number of clients generating over $1 million in revenue increased to 214.

Investor Session Details

The company held one-on-one meetings with six institutional investors on Tuesday, September 22, 2026. The schedule was as follows:

Amit Atre, Company Secretary, signed the intimation letters for both the scheduling and the outcome of these sessions.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE262H01021/d719b1cb-cb39-4fc4-b40d-1fe1ad9e9b5f.pdf