Persistent Systems has scheduled additional meetings with several analysts and investors on September 30, 2026, starting at 9:00 am. This addition extends the company's ongoing engagement calendar, which already includes domestic and global institutional sessions.

The new sessions complement the previously announced domestic meetings for the same date, which feature insurance and mutual fund participants. These interactions are part of a broader series of engagements that also include rescheduled global sessions with Capital Research and Kotak Offshore on September 29.

Updated global session schedule

The existing global schedule for September 28 and 29 remains largely unchanged, featuring key firms such as Norges Bank Investment Management and HSBC Global Asset Management. The revised times for the September 29 sessions are detailed below:

Expanded domestic sessions on September 30

The newly announced sessions for September 30 introduce a mix of insurance and mutual fund participants, alongside a specialized group meeting. This extends the domestic engagement calendar that previously included firms like SBI Mutual Fund, UTI Mutual Fund, and ICICI Prudential Mutual Fund in late September. The addition of the 9:00 am slot further densifies the day's agenda.

Strategic context and financial performance

These investor engagements coincide with significant developments in Persistent's strategic roadmap. The company reported Q1FY27 revenue of $452.4 million, up 16.1% YoY, marking 25 consecutive quarters of sequential revenue growth. This outperformance is notable relative to listed Indian IT peers, where the average YoY growth was 3.44%.

Simultaneously, the acceptance period for the Nagarro acquisition concluded its initial phase on September 17, 2026, with an additional two-week period running until October 6, 2026. Investors are likely seeking clarity on how the proposed EUR 1.27 billion acquisition will integrate with Persistent's existing AI-led platform strategy, particularly given Nagarro's complementary European footprint and engineering capabilities.

Regulatory compliance and disclosure

All interactions are being conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Amit Atre, Company Secretary at Persistent Systems, signed the intimation letters for both the domestic and international schedules. The latest filing regarding the September 29 reschedule was digitally signed on September 25, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE262H01021/1d9324f2-9cb0-48d3-a890-e19e01bb8969.pdf

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