Persistent Systems , a leading digital engineering and enterprise modernization company, has announced several key decisions from its recent board meeting, including a final dividend declaration and changes to its leadership team.

Final Dividend Announcement

The Board of Directors has recommended a final dividend of ₹15.00 per equity share for the financial year 2024-25. This brings the total dividend for the year to ₹35.00 per share, marking a special acknowledgment of Persistent's 35th anniversary. The final dividend is subject to approval by shareholders at the upcoming 35th Annual General Meeting (AGM).

CFO Joins Board of Directors

In a significant move, the company has appointed Vinit Teredesai, its Chief Financial Officer, as an Additional Director (Executive Member) to the Board. Teredesai's appointment is effective immediately and will run until September 30, 2028, subject to shareholder approval at the 35th AGM.

Financial Performance Highlights

For the quarter ended March 31, 2025, Persistent Systems reported:

The company achieved its 20th consecutive quarter of revenue growth, demonstrating consistent performance despite macroeconomic uncertainties.

Other Key Decisions

• Appointment of new Statutory Auditors: M/s. B S R & Co. LLP, Chartered Accountants, for a term of five consecutive years.
• Appointment of new Secretarial Auditors: M/s. SVD and Associates, Practicing Company Secretaries, for a term of five consecutive years.
• Approval of the merger of Arrka Infosec Private Limited (a wholly-owned subsidiary) into Persistent Systems Limited.

Leadership Commentary

Dr. Anand Deshpande, Founder, Chairman and Managing Director, stated: "Persistent is leading AI-led transformation, supported by early investments, strong execution, and a clear vision to embed AI across our clients' digital journey. Celebrating 35 years since our foundation and 15 years of being publicly listed on the National Stock Exchange of India, our unwavering commitment to innovation and client success continues to set us apart as we drive the future of technology with purpose and precision."

Sandeep Kalra, Chief Executive Officer and Executive Director, commented: "We are proud to have delivered our 20th sequential quarter of revenue growth, with an EBIT margin of 15.6%. Despite the uncertain macroeconomic environment, our consistent performance reflects the trust of our clients, enduring strength of our capabilities, and operational discipline. As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led platform-driven services will drive this growth, fueled by continued rigor and innovation."

Persistent Systems continues to demonstrate strong growth and strategic initiatives, positioning itself for future success in the digital engineering and enterprise modernization space.

Persistent Systems , a global leader in Digital Engineering and Enterprise Modernization, has announced its financial results for the fourth quarter and fiscal year 2025, showcasing robust growth and strategic developments.

Q4 FY25 Financial Highlights

• Revenue reached Rs 3,242.11 crore, up 25.2% year-over-year
• Net profit rose to Rs 395.76 crore, up 25.5% year-over-year
• Board recommends final dividend of Rs 15 per share, bringing total FY25 dividend to Rs 35 per share

FY25 Performance Overview

• Annual revenue grew to $1,409.10 million, an 18.8% increase from FY24
• EBIT for the year was Rs 17,512.60 million, with a margin of 14.7%
• Net profit for FY25 reached Rs 14,001.60 million, up 28.0% year-over-year

Key Financial Metrics

Strategic Developments and Governance

• The Board of Directors recommended a final dividend of Rs 15 per equity share for FY25, bringing the total dividend for the year to Rs 35 per share.
• Mr. Vinit Teredesai, Chief Financial Officer, has been appointed as an Additional Director (Executive Member) to the Board, subject to shareholder approval at the upcoming Annual General Meeting.
• The company plans to appoint M/s. B S R & Co. LLP as the new Statutory Auditors for a five-year term, starting from FY26.

Operational Highlights

• The company's order booking for Q4 FY25 was $517.50 million in Total Contract Value (TCV) and $350.20 million in Annual Contract Value (ACV).
• Persistent maintained its focus on AI-led transformation, supported by early investments and a clear vision to embed AI across clients' digital journeys.
• The company continued to strengthen its partnerships with major cloud providers and received several industry recognitions, including the Google Cloud Infrastructure Modernization Partner Award for Asia Pacific.

Future Outlook

• Persistent Systems aims to achieve $2 billion in annual revenue by FY27.
• The company plans to focus on AI-led platform-driven services to drive future growth.

Management Commentary

Dr. Anand Deshpande, Founder, Chairman and Managing Director, commented on the results: "Persistent is leading AI-led transformation, supported by early investments, strong execution, and a clear vision to embed AI across our clients' digital journey. Celebrating 35 years since our foundation and 15 years of being publicly listed on the National Stock Exchange of India, our unwavering commitment to innovation and client success continues to set us apart as we drive the future of technology with purpose and precision."

Sandeep Kalra, Chief Executive Officer and Executive Director, added: "We are proud to have delivered our 20th sequential quarter of revenue growth, with an EBIT margin of 15.6%. Despite the uncertain macroeconomic environment, our consistent performance reflects the trust of our clients, enduring strength of our capabilities, and operational discipline. As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27."

With these strong financial results and strategic moves, Persistent Systems continues to position itself as a leader in the digital engineering and enterprise modernization space, focusing on AI-led innovation and sustainable growth.