Persistent Systems , a global leader in Digital Engineering and Enterprise Modernization, has been awarded the prestigious 'Growth Honor of the Year' at the 2025 Everest Group Elevate Honors. This recognition highlights the company's exceptional performance among firms with annual revenues between $1-5 billion.

Remarkable Growth Trajectory

The award acknowledges Persistent's market-leading organic, constant-currency revenue growth among publicly listed global service providers. The company has demonstrated consistent growth with:

• 21 sequential quarters of revenue growth
• $1,470.70 million in trailing twelve-month revenue as of Q1 FY26
• 25.60% four-year CAGR from FY21-FY25
• 17.40% CAGR since its IPO in 2010

Impressive Shareholder Returns

Persistent Systems has delivered exceptional value to its investors, boasting a five-year shareholder return of 1,805.20%. This remarkable performance underscores the company's commitment to long-term value creation.

Strategic Growth Drivers

Sandeep Kalra, Chief Executive Officer and Executive Director of Persistent Systems, attributed the company's success to several key factors:

1. Client trust and global team passion
2. Strong partnerships
3. Disciplined execution
4. Innovation mindset
5. Focus on AI-led, platform-driven services strategy

Kalra stated, "Our disciplined execution and innovation mindset, combined with our focus on AI-led, platform-driven services strategy, have powered our growth and enabled us to drive measurable outcomes for our clients."

Future Aspirations

Persistent Systems has set an ambitious goal to become a $5 billion company by FY31. The company remains committed to accelerating its growth momentum and setting new benchmarks for performance in the industry.

About the Everest Group Elevate Honors

The Elevate Honors, determined through Everest Group's independent, analyst-driven research, recognize companies solely on performance merit. This acknowledgment underscores both differentiation and consistency in financial results.

Ronak Doshi, Partner at Everest Group, commented on the recognition program: "Elevate Honors recognitions are based on Everest Group's independent, fact-based, analyst-driven research. Honorees are selected based on objective, data-driven analysis and serves as third-party validation of high performance and excellence."

Company Profile

Persistent Systems, headquartered in Pune, India, offers a comprehensive suite of services, including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. With over 25,000 employees across 18 countries, the company is committed to innovation and client success.

Persistent has achieved carbon neutrality and is included in key indices such as the MSCI India Index, Nifty Midcap 50, Nifty IT, and S&P BSE SENSEX Next 50. The company has also been recognized as one of America's Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek and Plant A Insights Group.

As Persistent Systems continues to set new standards in the IT services industry, this latest accolade from the Everest Group further cements its position as a growth leader in the global market.

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.