Persistent Systems , a global leader in AI-led, platform-driven Digital Engineering and Enterprise Modernization, has announced its financial results for the first quarter of fiscal year 2026, demonstrating strong growth and profitability.

Financial Highlights

• Revenue reached $389.70 million, up 18.8% year-over-year (YoY) and 3.9% quarter-over-quarter (QoQ)
• EBIT (Earnings Before Interest and Taxes) stood at ₹5,178.10 million, with a margin of 15.5%
• PAT (Profit After Tax) grew to ₹4,249.40 million, up 38.7% YoY, with a margin of 12.7%

Business Performance

The company reported Total Contract Value (TCV) bookings of $520.80 million for Q1 FY26, with Annual Contract Value (ACV) bookings of $385.30 million. This strong performance reflects Persistent's success in securing new deals and expanding existing client relationships.

Segment-wise Revenue

Persistent's revenue breakdown by industry segments for Q1 FY26:

Key Client Wins

The company secured several significant deals across its core industry segments:

• Modernizing a contact center assurance platform for a global network lifecycle automation leader
• Enhancing a debt issuance system for a leading US-based federal corporation
• Establishing a software Center of Excellence for a life sciences and scientific instrumentation company

Strategic Initiatives

Persistent continues to focus on its AI-led, platform-driven services strategy, with emphasis on:

1. Scaling proprietary IPs and setting new benchmarks in AI-driven innovation
2. Unlocking business value through data, engineering, and ecosystems
3. Building Agentic-first solutions leveraging leading industry platforms

Leadership Changes

• Yogesh Patgaonkar, Chief People Officer, will retire effective July 31, 2025
• Rajiv Naithani will assume the role of Chief People Officer from August 1, 2025
• Shimona Chadha joins as the new Chief Marketing Officer

Industry Recognition

Persistent Systems received several accolades during the quarter:

• Named the fastest-growing Indian IT Services brand by Brand Finance
• Recognized as a Leader in ISG Provider Lens 2025 for Digital Engineering Services
• Cited as a Leader in Everest Group Talent Readiness for Next-Gen Application Services PEAK Matrix® Assessment 2025

Sandeep Kalra, Chief Executive Officer and Executive Director of Persistent Systems, commented on the results: "We delivered our 21st sequential quarter of revenue growth, up 3.9% Q-o-Q and 18.8% Y-o-Y, while sustaining operating margins in a challenging macroeconomic environment. This performance reflects the strength of our AI-led, platform-driven strategy, focus on customer value creation, and our ability to unlock measurable outcomes."

As Persistent Systems continues to innovate and expand its service offerings, the company remains well-positioned to capitalize on the growing demand for digital engineering and enterprise modernization services in the global market.

Persistent Systems Limited has announced its financial results for the first quarter of fiscal year 2026, demonstrating robust growth and solid performance across key metrics.

Financial Highlights

• Revenue reached $389.70 million, marking an 18.8% year-over-year increase and a 3.9% quarter-over-quarter growth.
• Profit After Tax (PAT) stood at Rs 4,249.40 million, showing a significant 38.7% year-over-year growth.
• EBITDA margin improved to 18.3%, up from 16.6% in Q1 FY25.
• Basic Earnings Per Share (EPS) increased to Rs 27.43, compared to Rs 20.09 in Q1 FY25.

Operational Performance

The company's performance was strong across all three of its primary segments:

Key Developments

• The company approved the issuance of 1,350,000 equity shares to the PSPL ESOP Management Trust.
• Yogesh Patgaonkar, Chief People Officer, will retire effective July 31, 2025. Rajiv Naithani will assume the role of Chief People Officer from August 1, 2025.
• Shimona Chadha joined as the new Chief Marketing Officer to drive global marketing strategy and brand positioning.

Management Commentary

Sandeep Kalra, Chief Executive Officer and Executive Director, stated, "We delivered our 21st sequential quarter of revenue growth, up 3.9% Q-o-Q and 18.8% Y-o-Y, while sustaining operating margins in a challenging macroeconomic environment. This performance reflects the strength of our AI-led, platform-driven strategy, focus on customer value creation, and our ability to unlock measurable outcomes."

Recent Recognitions

• Named the fastest-growing IT Services Brand in Brand Finance's India 100 2025 Report.
• Recognized as a Leader in ISG Provider Lens™ 2025 for Digital Engineering Services.
• Cited as a Leader in Everest Group Talent Readiness for Next-Gen Application Services PEAK Matrix® Assessment 2025.
• Named one of America's Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek and Plant-A Insights Group.

Dividend

The 35th Annual General Meeting approved a final dividend of Rs 15 per equity share for the Financial Year 2024-25, in addition to the interim dividend of Rs 20 per share, bringing the total dividend for FY25 to Rs 35 per equity share.

Persistent Systems continues to demonstrate strong financial performance and strategic growth, reinforcing its position as a leader in the IT services sector. The company's focus on AI-led and platform-driven services, along with its commitment to talent development and client value creation, positions it well for continued success in the evolving technology landscape.