Persistent Systems has announced impressive financial results for the quarter ended September 30, 2021, demonstrating robust growth and strategic expansion initiatives.

Financial Highlights

• Revenue reached $182.32 million (INR 13,512.49 million), marking a significant 34.00% year-over-year growth and a 9.30% quarter-over-quarter increase.
• Profit after tax surged by 58.60% year-over-year to INR 1,617.53 million, with a healthy margin of 12.00%.
• EBITDA grew to INR 2,243.94 million, maintaining a strong margin of 16.60%.

Business Performance

Persistent Systems showcased strong business momentum during the quarter:

• Secured $282.50 million in Total Contract Value (TCV)
• Achieved $201.10 million in Annual Contract Value (ACV)

These figures underscore the company's ability to win significant deals and maintain a robust pipeline of business.

Strategic Acquisitions and Expansion

The company announced two strategic acquisitions to bolster its capabilities and market presence:

1. Software Corporation International
2. Shree Partners

These acquisitions are set to form a new Payments business unit and expand Persistent's cloud capabilities, positioning the company for growth in key technology areas.

Key Client Wins

Persistent Systems reported notable client wins across various sectors:

• Software
• Banking
• Financial Services
• Insurance
• Healthcare

These wins encompass digital transformation projects and cloud migration initiatives, highlighting the company's diverse portfolio and expertise in cutting-edge technologies.

Employee Stock Option Plan and Recognition

In a move to attract and retain top talent, Persistent Systems launched an Employee Stock Option Plan. This initiative aligns with the company's growth strategy and aims to motivate its workforce.

Additionally, the company's strong performance and potential were recognized externally, as it was named to Forbes Asia's 'Best Under A Billion' 2021 list. This accolade further solidifies Persistent's position as a leading player in the technology services sector.

Outlook

With strong financial results, strategic acquisitions, and a healthy pipeline of deals, Persistent Systems appears well-positioned for continued growth. The company's focus on key sectors and emerging technologies, coupled with its expanding capabilities, suggests a positive outlook for the coming quarters.

Persistent Systems has announced significant changes in its top leadership, marking a new chapter in the company's operational strategy. The Pune-based technology services firm has appointed Jaideep Dhok as its new Chief Operating Officer - Technology and Senior Management Personnel (SMP), effective August 12, 2025.

Leadership Transition

The appointment comes in the wake of Dhanashree Bhat's departure from her role as Chief Operating Officer and SMP. Bhat's tenure concluded at the close of business hours on August 11, 2025, as confirmed in a regulatory filing by the company.

Jaideep Dhok's Appointment and Experience

Jaideep Dhok, previously serving as Senior Vice President for Banking, Financial Services and Insurance (BFSI) at Persistent Systems, brings a wealth of experience to his new role. With over 23 years in the industry, including more than 14 years at Persistent, Dhok has been instrumental in leading major transformation programs and expanding the company's BFSI segment.

Expanded Responsibilities

In his new position, Dhok will take on additional responsibilities crucial to Persistent's operations and growth strategy. These include:

• Delivery Excellence
• Talent Acquisition and Management
• Learning and Development
• Alliances and Partnerships

Moreover, Dhok will continue to lead the APAC region and contribute significantly to the company's AI strategy, leveraging his extensive experience across horizontal technologies and the BFSI industry.

Company's Disclosure and Compliance

Persistent Systems, in compliance with SEBI regulations, has made the necessary disclosures regarding these leadership changes. The company's regulatory filing, dated August 12, 2025, provides detailed information about the transition, including the reasons for the change and Dhok's appointment terms.

Investor Relations

In a separate announcement, Persistent Systems disclosed its recent interactions with investors. The company held virtual one-on-one sessions with representatives from Creagis and Franklin Templeton on August 11, 2025. During these meetings, Persistent reiterated information from its Q1 FY26 earnings call, maintaining transparency with its stakeholders.

As Persistent Systems navigates this leadership transition, the appointment of Jaideep Dhok as COO-Technology signals the company's commitment to leveraging experienced leadership for its continued growth and technological advancement in the competitive IT services landscape.