Persistent Systems , a global leader in Digital Engineering and Enterprise Modernization, has launched its state-of-the-art Experience Transformation (XT) Studio in Pune, India. This innovative space is designed to revolutionize how businesses create and deliver AI-powered user experiences, streamline workflows, and drive better outcomes across the entire product lifecycle.

Bridging AI Capabilities with User Needs

The XT Studio addresses a critical gap in the industry: the challenge of integrating advanced AI capabilities with real user needs. Many enterprises struggle to deliver differentiated digital experiences, often introducing user experience late in the development cycle. This leads to delays, rework, and fragmented solutions with disappointing returns on investment.

Key Features of the XT Studio

The XT Studio is not just a physical space; it's a comprehensive ecosystem for innovation and co-creation. Here are some of its standout features:

AI-First Strategy and Global Expansion

The launch of the XT Studio aligns with Persistent's strong platform-led foundation and AI-first strategy. It serves as a tangible representation of how the company helps clients accelerate time-to-value by aligning business objectives with user expectations.

Sandeep Kalra, Chief Executive Officer and Executive Director of Persistent, emphasized the importance of this initiative: "Enterprises today compete on experiences as much as on products and AI is the enabler that makes this possible at scale. The XT Studio brings to life our strong platform-led foundation and AI-first strategy, where design-led thinking, advanced technologies and deep domain expertise converge."

Persistent plans to expand XT Studio locations to other key regions in India, the U.S., Europe, and APAC. This expansion aims to attract top talent, partners, and clients to co-create the future of how people experience technology.

Impact on Digital Transformation

The XT Studio sets a new benchmark for digital transformation by:

1. Embedding a human-centered approach as a foundational element of every initiative
2. Ensuring AI is adopted not just functionally, but intuitively
3. Integrating business strategy, UX consulting, and product engineering within an immersive environment

As businesses continue to navigate the ever-evolving digital landscape, Persistent's XT Studio stands as a beacon of innovation, turning creative ideas into real-world impact and helping enterprises thrive in the age of AI-powered experiences.

Persistent Systems , a leading global technology services company, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating continued growth and profitability improvements.

Financial Highlights

• Revenue reached $406.2 million, marking a 17.6% year-on-year (YoY) growth and 4.2% quarter-on-quarter (QoQ) increase
• EBIT margin expanded to 16.3%, showing a 230 basis points improvement YoY
• Profit after tax (PAT) margin stood at 13.2%, up 45.1% YoY in absolute terms

Key Performance Metrics

Business Highlights

• This marks Persistent's 22nd consecutive quarter of growth, bringing trailing 12-month revenue above $1.5 billion
• New bookings for the quarter stood at $350.8 million in TCV terms
• The company implemented merit increments for all global employees effective October 1, 2025
• Total headcount reached 26,224, up 884 from the previous quarter
• Trailing 12-month attrition improved to 13.8%

Segment Performance

• BFSI sector led industry growth at 30% YoY
• Europe showed strong growth at 37.9% YoY, followed by North America at 15.4% YoY
• Top 5 clients' revenue grew by 23.4% YoY

AI and Innovation

Persistent Systems continues to advance its AI strategy through three core pillars:

1. AI for Technology
2. AI for Business
3. Enterprise Data Readiness for AI

The company has been recognized for its AI initiatives, winning two CII National AI Awards 2025 and completing the audit process for ISO 42001 certification for AI management systems.

Management Commentary

Sandeep Kalra, Executive Director and CEO, commented on the results: "We are pleased with the consistent performance we have delivered despite continued macroeconomic and geopolitical uncertainties. We remain committed to strengthening our capabilities, including infusing AI across all our offerings and proactively engaging with our customers to bring the latest innovations to them."

Outlook

While not providing specific forward-looking guidance, management expressed confidence in the company's growth trajectory and its ability to reach $2 billion in revenue by the end of FY27. The focus remains on balancing growth with margin improvement, with an emphasis on AI-led transformations and proactive customer engagement.

Persistent Systems continues to demonstrate strong execution in a challenging environment, leveraging its AI capabilities and deep customer relationships to drive growth across key verticals and geographies.