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The company confirmed that no unpublished price-sensitive information was shared during the interactions.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

Persistent Systems Limited has secured 83.25% ownership of Nagarro SE through its public takeover offer. The acceptance period, initially set to conclude on September 17, 2026, has been extended from September 23 to October 6, 2026.

The IT services firm notified the National Stock Exchange and BSE Limited regarding the status of the bid. The company stated that the condition set out in section 12.1.1 of the Offer Document was met upon the closure of the initial bid phase.

Offer Details

The public takeover offer was initially announced in a press release dated August 6, 2026. Following the initial expiry date, the acceptance window was revised to allow further participation, now closing on October 6, 2026.

Regulatory Filings

The update was filed with the Corporate Services departments of both exchanges. Amit Murari Atre, Company Secretary of Persistent Systems Limited, signed the communication digitally on September 18, 2026. The filing references the earlier intimation bearing number NSE & BSE / 2026-27 / 105.

Breakdown of Stake Acquisition

Persistent Systems secured a total of 7,568,145 shares, representing approximately 61.15% of Nagarro's outstanding share capital (excluding treasury shares) during the initial acceptance period ending September 17, 2026. This tendered stake was combined with a pre-existing holding of approximately 22.10% acquired via a share purchase agreement with Lantano Beteiligungen GmbH. Together, these holdings constitute the aggregate 83.25% stake, exceeding the minimum acceptance threshold of 50% plus one share required under the German Securities Acquisition and Takeover Act (WpÜG).

Shareholders who have not yet tendered their shares may still accept the offer at EUR 81.00 per share during the additional acceptance period running from September 23 to October 6, 2026.

Strategic Implications and Delisting Plans

Following the successful acquisition, Persistent intends to pursue a delisting of Nagarro shares from the regulated market (Prime Standard) of the Frankfurt Stock Exchange as soon as practicable and legally feasible. This move aims to take Nagarro private, which will result in its exclusion from the SDAX index and a reduction in liquidity for Nagarro shares. The company expects the transaction to close by the end of Q1 CY27, subject to limited outstanding regulatory approvals.

Sandeep Kalra, Chief Executive Officer and Executive Director of Persistent Systems, stated that the success of the offer confirms the strategic logic behind combining Persistent and Nagarro to build a global AI-led digital engineering leader.