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More news about Persistent Systems

22Apr 26

Nomura Maintains Neutral Rating on Persistent Systems with ₹5,200 Target Price

Nomura has assigned a neutral rating to Persistent Systems with a ₹5,200 target price following Q4FY26 results that missed expectations due to margin pressure from corporate development expenses. While management reaffirmed its $2 billion FY27 run-rate target, the brokerage reduced FY27-28 EPS estimates by 2-4%, citing rich valuation as a factor limiting upside potential.

22Apr 26

JPMorgan Maintains Overweight Rating on Persistent Systems with ₹5,900 Target Price

JPMorgan maintains Overweight rating on Persistent Systems with ₹5,900 target price after mixed Q4 results. The company achieved 3.4% constant currency QoQ revenue growth led by healthcare segment but missed margin expectations while maintaining ~17% adjusted EBIT margin base. Strong TCV and ACV growth supports FY27 outlook, with JPMorgan expecting the company to remain the fastest-growing IT firm over three years.

22Apr 26

HSBC Maintains Hold Rating on Persistent Systems with ₹5,755 Target Price Amid Premium Valuation Concerns

HSBC has assigned a Hold rating to Persistent Systems with a target price of ₹5,755, recognizing the company's sector-leading growth and strong operational capabilities while expressing concerns about premium valuation. The brokerage highlights Persistent Systems' ability to effectively manage top-client weakness without margin impact, demonstrating operational resilience. However, the company's valuation premium of approximately 100% above sector average and a slightly softer FY27 outlook are seen as factors limiting upside potential despite continued growth momentum.

22Apr 26

Citigroup Issues Sell Rating on Persistent Systems with ₹4,230 Target Price

Citigroup has assigned a sell rating to Persistent Systems with a ₹4,230 target price, citing concerns over weak IT services growth of less than 2% quarter-on-quarter and rising software license costs that increased by 110 basis points. While the company's fourth-quarter EBIT performance was broadly in line with expectations, analysts remain cautious about near-term momentum. However, the company showed positive forward indicators including a 1.08x book-to-bill ratio, approximately 12% year-on-year headcount growth, and a $2 billion FY27 annualized revenue aspiration, though the current valuation of approximately 36 times FY27 estimated earnings influenced the sell recommendation.

22Apr 26

CLSA Maintains Outperform Rating on Persistent Systems with ₹6,520 Target Price

CLSA has assigned an Outperform rating to Persistent Systems with a target price of ₹6,520, recognizing the company's steady performance amid industry challenges including the "Saaspocalypse" and AI-led IT deflation. While the company maintained stable revenue growth, order booking, and revenue per employee metrics, it faced margin pressures from higher software license sales. The company has revised its FY27 $2 billion revenue target timeline and provided EBIT margin guidance of 16-17%.

22Apr 26

Persistent Systems Reports Limited Direct Impact from Middle East Conflict, Warns of Potential Oil Price Risks

Persistent Systems reported during a recent conference call that the Middle East war currently has limited direct impact on its operations. However, management cautioned that a prolonged conflict could result in higher oil prices and increased sector inflation, potentially affecting future business conditions.

22Apr 26

Persistent Systems Maintains 16-17% EBIT Margin Target While Prioritizing Growth

Persistent Systems management outlined strategic financial targets during Q4FY26 investor call, maintaining 16-17% EBIT margin goal while emphasizing growth priorities and business reinvestment. The company expects Healthcare and BFSI sectors to drive future growth momentum, with Technology following in directional outlook.

22Apr 26

Persistent Systems Targets $2 Billion Annual Run Rate by Q4 FY27

Persistent Systems has set a target to achieve nearly $2 billion in annual run rate by Q4 FY27, demonstrating confidence in reaching this milestone within one quarter of their original timeline. This ambitious revenue goal reflects the company's strategic growth plans and strong positioning in the technology services sector.

22Apr 26

Persistent Systems Limited Non-Deal Roadshow with Multiple Investors for Q4FY26

Persistent Systems Limited has scheduled a comprehensive non-deal roadshow for April 23, 2026, in Mumbai, involving meetings with major institutional investors from 8:30 am to 5:30 pm IST. The company filed official intimation under Regulation 30 with NSE and BSE, confirming discussions will be based on Q4FY26 results without sharing unpublished price-sensitive information.

20Apr 26

Persistent Systems Records Rs. 32.26 Crore Block Trade on NSE

Persistent Systems Ltd. witnessed significant institutional activity with a block trade on NSE worth Rs. 32.26 crores. The transaction involved approximately 60,855 shares executed at Rs. 5301.00 per share, reflecting strategic investment decisions by large institutional investors in the technology services company.

20Apr 26

Persistent Systems Reschedules Investor Call to April 21, 2026 at 6 PM IST

Persistent Systems Limited has updated the timing of its investor/analyst call to April 21, 2026, at 6:00 PM IST, revising it from the originally scheduled 7:30 PM IST. The company confirmed that all other details, including registration links and agenda, remain unchanged from the earlier intimation dated March 31, 2026. The communication was formally filed with NSE and BSE on April 16, 2026, by Company Secretary Amit Atre.

09Apr 26

Persistent Systems Launches Databricks AI-Powered Merchant Risk Management Solution

Persistent Systems has officially launched its Merchant Risk Management and Fraud Detection solution powered by Databricks Data Intelligence platform, designed to help financial institutions reduce fraud losses and improve detection accuracy through real-time AI-driven decisions. The solution promises significant business impact including 20-40% reduction in fraud losses, 30-60% improvement in detection accuracy, and 50-70% reduction in manual review effort.

07Apr 26

Persistent Systems Ranks 3rd Among India's Most Sustainable Companies 2024-25

Persistent Systems has been recognized as the 3rd most sustainable company overall and 2nd in the IT sector in BW Businessworld Group's India's Most Sustainable Companies 2024-25 rankings. The company demonstrates strong ESG performance with an S&P CSA score of 86, SES score of 81.7, CDP score of A, and leadership score of 79 in NSE ESG assessment. With sustainability integrated into its operating model and over 26,500 employees across 18 countries, Persistent Systems continues to focus on responsible business practices while achieving carbon neutrality and 468% brand value growth since 2020.

01Apr 26

Persistent Systems Ranks 42nd in Kantar BrandZ India 2025 With ₹2.9B Valuation

Persistent Systems has been recognized in the Kantar BrandZ India Most Valuable Brands 2025 with a $2.9 billion brand valuation, securing 6th position in Business Technology and Services category and 42nd overall ranking. The achievement reflects the company's strong market position in AI-driven enterprise transformation and digital modernization services.

01Apr 26

Persistent Systems Board Meeting and Investor Call Set for April 21, 2026

Persistent Systems has scheduled its board meeting for April 21, 2026 to review Q4FY26 and FY26 audited financial results and consider final dividend recommendations. The company will also hold an investor and analyst call at 7:30 PM IST on the same day, led by CEO Sandeep Kalra and senior management, to discuss quarterly performance and business outlook. Trading window remains closed until April 23, 2026 in compliance with SEBI regulations.

01Apr 26

Persistent Systems Transfers 100% Shareholding of German Subsidiary in Internal Restructuring

Persistent Systems Limited has completed the transfer of 100% shareholding of its German subsidiary, Persistent Systems Germany GmbH, to Aepona Group Limited, Ireland for EUR 20,878,597 through a share swap arrangement. The German subsidiary, incorporated in November 2016, operates in ITES sector with FY25 turnover of EUR 5,018,646 and paid-up capital of Euro 16,727,520.

25Mar 26

Persistent Systems Conducts Virtual Investor Sessions with Major Investment Firms

Persistent Systems Limited held structured virtual investor sessions with major institutional investors including Aberdeen Investments, Iroha Investment Management, Franklin Templeton, Axis Max Life Insurance, and Ashmore Investment Management between March 19-24, 2026. The company consistently reiterated information from its January 20, 2026 earnings call covering Q3FY26 performance without disclosing additional material information, maintaining full regulatory compliance under SEBI listing requirements.

24Mar 26

Persistent Systems Appoints Ruchi Kulhari as Executive Vice President

Persistent Systems has officially appointed Ms. Ruchi Kulhari as Executive Vice President for Enterprise Strategy & Execution, effective March 23, 2026, filing under SEBI Regulation 30. Kulhari brings over two decades of global leadership experience from organizations including Unisys, Coforge, Infosys, and EXL Services, and will partner with CEO Sandeep Kalra to drive critical priorities, translate strategic initiatives into measurable outcomes, and strengthen execution discipline across AI-led transformation programs.

23Mar 26

Persistent Systems Executes Rs. 48.85 Crore Block Trade on NSE

Persistent Systems Ltd. completed a major NSE block trade worth Rs. 48.85 crores, involving 103,747 shares at Rs. 4708.90 per share. The transaction represents significant institutional activity and demonstrates large investor interest in the IT services company's shares through off-market execution mechanisms.

20Mar 26

Persistent Systems Completes Virtual Investor Session with Bajaj AMC on March 20

Persistent Systems successfully held its scheduled virtual investor session on March 20, 2026 with Bajaj AMC at 3:15 PM IST. The company reiterated information from its January 20, 2026 earnings call covering Q3FY26 performance without sharing additional details, maintaining regulatory compliance under SEBI Regulation 30.

20Mar 26

Persistent Systems Appoints Hari S. Abhyankar as Executive Vice President and Global Head

Persistent Systems has appointed Hari S. Abhyankar as Executive Vice President and Global Head of Private Equity and Professional Services, effective March 19, 2026. With over 25 years of experience and a PhD from MIT, Hari previously served as Partner at McKinsey & Company and will lead Persistent's strategy to accelerate AI-driven transformation for private equity firms and their portfolio companies.

18Mar 26

Persistent Systems Reschedules Investor/Analyst Sessions to March 23-24, 2026

Persistent Systems Limited has updated its investor engagement schedule, announcing revised sessions for March 23-24, 2026, with Axis Max Life Insurance and Ashmore Investment Management. The company maintains regulatory compliance by ensuring no unpublished price-sensitive information will be shared, referencing previously communicated earnings call information from January 20, 2026.

18Mar 26

Persistent Systems Conducts Investor Session with Cusana Capital

Persistent Systems Limited conducted a one-on-one investor session with Cusana Capital on March 18, 2026, in physical mode at 10:00 am IST. The company reiterated information from its Q3 FY26 earnings call for the quarter and nine months ended December 31, 2025, without sharing any additional details. The session was conducted in compliance with SEBI regulations and the company has duly informed stock exchanges about this investor interaction.

17Mar 26

Persistent Systems Partners with NVIDIA to Launch AI-Powered Drug Discovery Solution

Persistent Systems has partnered with NVIDIA to launch the Generative Molecules and Virtual Screening (GenMolVS) solution, powered by NVIDIA BioNeMo Framework, to accelerate AI-powered drug discovery in healthcare and life sciences. The collaboration enables high-fidelity molecular simulation and virtual screening at scale, helping organizations transition from months-long experiments to AI-driven discovery in days. The solution leverages NVIDIA AI Enterprise, NeMo Agent Toolkit, and other NVIDIA technologies to create intelligent agents for real-time drug discovery workflows, aiming to de-risk early-stage discovery and improve clinical development success rates.

16Mar 26

Persistent Systems Conducts Investor Sessions with Marshall Wace and Mirabilis Investment Trust

Persistent Systems Limited held virtual investor sessions on March 16, 2026, with Marshall Wace Asset Management and Mirabilis Investment Trust. The one-on-one meetings reiterated information from the company's January 20, 2026 earnings call covering Q3FY26 results, with no additional disclosures made during the sessions.

13Mar 26

Persistent Systems ESOP Trust Completes 100,000 Share Purchase, Plans Additional 250,000 Shares

Persistent Systems has updated its ESOP Trust share acquisition program, completing the purchase of 100,000 equity shares on March 13, 2026, and announcing an expanded plan to acquire up to 250,000 additional shares by March 31, 2026. The purchases support employee vesting commitments under the company's PESOS 2014 and ESOP 2017 schemes, with all transactions conducted through secondary market acquisition in compliance with SEBI regulations.

10Mar 26

Persistent Systems Ranks 9th in Asia-Pacific's Top 10 Professional Services Companies in TIME 2026 List

Persistent Systems Limited has been recognized as the 9th best Professional Services company in Asia-Pacific and 7th in India in TIME and Statista's Best Companies in Asia-Pacific 2026 list. The company ranked 46th out of 179 Indian enterprises, securing a top quartile position nationally. The evaluation was based on Employee Satisfaction, Financial Performance, and Sustainability Transparency, with the latter being Persistent's highest-scoring dimension due to measurable carbon emission reductions and strong ESG governance standards.

06Mar 26

Persistent Systems Conducts Multiple Investor Sessions, Updates Meeting Schedule

Persistent Systems held virtual investor sessions with Millennium Dubai and Enam AMC on consecutive days in March 2026, reiterating Q3 FY26 earnings call information without sharing additional details. The company also cancelled a Lombard Odier meeting and preponed the Enam AMC session, maintaining regulatory compliance under SEBI Regulation 30.

06Mar 26

Persistent Systems Records Rs. 47.55 Crore Block Trade on NSE

Persistent Systems Ltd. executed a major NSE block trade worth Rs. 47.55 crores involving approximately 100,081 shares at Rs. 4751.20 per share. This institutional transaction highlights significant trading activity and investor interest in the IT services company's stock.

05Mar 26

Persistent Systems Opens Melbourne Innovation Center to Boost AI-Led Enterprise Transformation

Persistent Systems has officially opened its Melbourne Innovation Center as a strategic hub for AI-driven enterprise transformation in the Australia and New Zealand region. The facility advances the company's AI-first strategy through four core pillars and will deliver comprehensive modernization services including cloud-native refactoring, data modernization, and GenAI integration to help enterprises transition to enterprise-scale AI deployment.

05Mar 26

Persistent Systems Limited Receives Reaffirmation of AA+ Credit Rating from ICRA

Persistent Systems Limited has received reaffirmation of its '[ICRA] AA+(Stable)' issuer rating from ICRA Limited on March 5, 2026. The rating was originally assigned on January 21, 2025, and the reaffirmation demonstrates the company's continued strong credit profile. The company has informed stock exchanges about this development in compliance with SEBI regulations. ICRA will conduct surveillance within one year and reserves the right to review the rating based on new information or changing circumstances.

05Mar 26

Persistent Systems Completes Second US Subsidiary Merger for Operational Efficiency

Persistent Systems Limited has completed its second US subsidiary merger within days, with Starfish Associates LLC merged into Persistent Systems Inc., USA effective March 2, 2026. This follows the February 28, 2026 merger of Persistent Telecom Solutions Inc. into the same wholly owned subsidiary, demonstrating the company's systematic approach to operational efficiency and entity rationalization across its US operations.

04Mar 26

Persistent Systems Conducts Investor Sessions with Bellwether Capital and HDFC Mutual Fund

Persistent Systems Limited held investor sessions on March 4, 2026, with Bellwether Capital and HDFC Mutual Fund in one-on-one formats. The company reiterated Q3FY26 earnings information previously shared during its January 20, 2026 earnings call, without disclosing additional material information. The meetings were conducted in compliance with SEBI regulations, with proper documentation filed with stock exchanges.

04Mar 26

Persistent Systems: Sells Entire Stake in Poland Subsidiary for PLN 8.82 Million

Persistent Systems has completed an internal group restructuring involving the transfer of its Poland subsidiary for PLN 8,819,650.00. The transaction transfers 100% shareholding of Persistent Systems Poland from the US subsidiary to the Ireland subsidiary as a cash consideration deal, aimed at entity rationalization and operational efficiency optimization.

02Mar 26

Persistent Systems ESOP Trust Plans Secondary Market Purchase of Up to 125,000 Shares

Persistent Systems Limited announced its ESOP Trust will acquire up to 125,000 equity shares through secondary market purchases by March 31, 2026, to meet employee vesting commitments under PESOS 2014 and ESOP 2017 schemes. The purchase plan will execute in multiple tranches starting March 2, 2026, with full SEBI compliance. The ESOP Trust previously acquired 74,255 shares during Q4FY25, demonstrating continued commitment to employee stock option programs.

01Mar 26

Persistent Systems Subsidiary Establishes Wholly Owned Foreign Enterprise in China

Persistent Systems Limited announced that its Singapore subsidiary, Persistent Systems Pte. Ltd., has established a Wholly Owned Foreign Enterprise (WFOE) in China on February 27, 2026. The company received its business license from Shanghai Administration for Market Regulation on February 28, 2026, under the name Baixinteng System Service (Shanghai) Co. Ltd. This strategic expansion enhances the company's presence in the Asian market and demonstrates compliance with SEBI regulatory requirements.

24Feb 26

Persistent Systems Issues Official Clarification on M&A Speculation Under SEBI Rules

Persistent Systems issued a formal regulatory clarification addressing market speculation about potential M&A opportunities, confirming no imminent transactions requiring SEBI disclosure while maintaining its strategic focus on exploring inorganic growth opportunities with full regulatory compliance.

12Feb 26

Persistent Systems Appoints Vikram Tulsyan as Senior Vice President and Senior Management Personnel

Persistent Systems Limited has appointed Mr. Vikram Tulsyan as Senior Vice President and Senior Management Personnel effective February 12, 2026. The appointment was disclosed under SEBI Regulation 30 compliance requirements. Mr. Tulsyan brings over 20 years of finance experience with expertise in business finance strategy, P&L management, and financial governance, including 6+ years in senior leadership roles across global environments.

05Feb 26

Persistent Systems Executes ₹443.71 Crore Block Trade on NSE

Persistent Systems Ltd. completed a major NSE block trade worth ₹443.71 crores, involving approximately 741,742 shares at ₹5,982.00 per share. This substantial institutional transaction reflects significant market activity and demonstrates considerable investor interest in the IT services company's shares.

30Jan 26

Persistent Systems Conducts Investor Session with Creagis on January 30, 2026

Persistent Systems Limited held a virtual one-on-one investor session with Creagis on January 30, 2026, at 11:00 a.m. IST. The company reiterated information from its January 20, 2026 earnings call covering Q3 FY26 results for the quarter and nine months ended December 31, 2025. No additional information was disclosed during this session, and the company has filed appropriate regulatory disclosures under SEBI regulations.

28Jan 26

Persistent Systems Schedules Investor Session with American Century Investments for February 2, 2026

Persistent Systems Limited has scheduled an investor/analyst session with American Century Investments for February 2, 2026, at 8:30 PM IST via virtual mode. The company notified stock exchanges under Regulation 30 compliance, stating the session will reiterate information from the January 20, 2026 earnings call covering Q3FY26 and nine months ended December 31, 2025. No unpublished price-sensitive information will be shared during the one-on-one interaction.

27Jan 26

Persistent Systems Reports Strong Q3 FY26 Results with 17.3% Revenue Growth and AI-Driven Margin Expansion

Persistent Systems reported strong Q3 FY26 results with revenue of $422.5 million, achieving 17.3% year-on-year growth and marking the 23rd consecutive quarter of revenue expansion. Despite one-time labor code impacts, the company demonstrated margin resilience through AI platform monetization, achieving 150 basis points improvement from tool-driven pricing models. The Board declared an interim dividend of ₹22 per share, reflecting commitment to shareholder returns while maintaining growth trajectory toward long-term revenue aspirations.

22Jan 26

Persistent Systems Limited Schedules Investor Session with Creagis for January 28, 2026

Persistent Systems Limited has scheduled an investor/analyst session with Creagis for January 28, 2026, at 11:00 AM IST in virtual format. The company filed regulatory notification on January 22, 2026, under SEBI listing regulations. The session will focus on reiterating Q3 FY26 earnings information from the January 20, 2026 earnings call, with no unpublished price-sensitive information to be shared.

22Jan 26

Persistent Systems Conducts Non-Deal Roadshow with Major Institutional Investors

Persistent Systems Limited successfully conducted a non-deal roadshow on January 22, 2026, hosting nine investor meetings with major institutional players including Axis AMC, Goldman Sachs AMC, Kotak Mahindra AMC, and SBI Life Insurance. The company maintained regulatory compliance by reiterating only previously disclosed information from its January 20, 2026 earnings call covering Q3 FY26 results. The roadshow included both one-on-one and group sessions, demonstrating strong institutional investor interest while adhering to SEBI disclosure requirements.

21Jan 26

Prabhudas Lilladher Maintains BUY Rating on Persistent Systems with ₹7,360 Target Price

Prabhudas Lilladher maintains BUY rating on Persistent Systems with ₹7,360 target price following strong Q3 performance. Revenue growth of 4.1% QoQ exceeded estimates, while 9M FY26 ACV reached $722 million with 18% YoY growth. Despite wage hike impact of 180bps, the company absorbed costs through IP-led deals, prompting upward margin revisions of 60bps for FY27E/FY28E.

21Jan 26

Anand Rathi Upgrades Persistent Systems to Buy with Target Price of ₹7,587

Anand Rathi has upgraded Persistent Systems to BUY with a target price of ₹7,587.00, citing strong quarterly performance with 17.30% YoY revenue growth to $423.00 million and ambitious targets of $2.00 billion revenue by FY27. The company reported standalone net sales of ₹3,718.50 crores in December 2025, up 23.88% YoY, with 82.00% revenue concentration from top 100 clients supporting long-term growth prospects.

21Jan 26

Nuvama Raises Persistent Systems Target Price While Motilal Oswal Reiterates Buy on CEAT

Brokerage firms Nuvama and Motilal Oswal have maintained positive recommendations on select stocks across IT services, consumer staples, and auto ancillary sectors. Nuvama remains constructive on Persistent Systems and United Spirits, citing strong execution, margin stability, and long-term growth drivers despite near-term market challenges. The positive outlook is supported by strong operating performance, improving margins, and favorable demand trends across these sectors.

21Jan 26

Persistent Systems Executes ₹63.71 Crore Block Trade on NSE

Persistent Systems completed a major NSE block trade worth ₹63.71 crores involving 101,949 shares at ₹6,249.50 per share. This substantial institutional transaction highlights significant investor activity and demonstrates active participation by large market players in the IT services company's equity.

21Jan 26

Persistent Systems Sees ₹20.55 Crore Block Trade on NSE at ₹6,296 Per Share

Persistent Systems Ltd. recorded a significant block trade on NSE worth ₹20.55 crores involving 32,632 shares at ₹6,296.00 per share. This institutional transaction reflects large-scale investor activity and demonstrates continued market interest in the IT services company.

21Jan 26

Nomura Maintains Neutral Rating on Persistent Systems with ₹6,100 Target Price

Nomura has assigned a neutral rating to Persistent Systems with a target price of ₹6,100.00. The rating reflects a balanced assessment of the IT services company's prospects, providing investors with the brokerage's view on fair valuation.

21Jan 26

HSBC Maintains Hold Rating on Persistent Systems with Target Price of ₹6,560

HSBC has assigned a Hold rating to Persistent Systems with a target price of ₹6,560.00 per share. The neutral rating indicates the brokerage's expectation that the IT services company's stock will perform in line with market trends. This target price represents HSBC's assessment of the stock's fair value based on their analysis of the company's fundamentals.

21Jan 26

CLSA Raises Target Price for Persistent Systems to ₹8,865 with High Conviction Outperform Rating

CLSA has maintained its High Conviction Outperform rating on Persistent Systems while raising the target price to ₹8,865.00. The positive rating reflects the brokerage's strong confidence in the IT services company's prospects and potential for superior market performance.

21Jan 26

Investec Maintains Hold Rating on Persistent Systems, Raises Target Price to ₹6,665

Investec has maintained its 'Hold' rating on Persistent Systems while raising the target price to ₹6,665. The brokerage's decision reflects an updated valuation assessment, suggesting improved prospects while maintaining a cautious investment stance. The target price increase indicates positive adjustments in Investec's valuation model for the IT services company.

21Jan 26

Persistent Systems Forecasts FY26 ETR Between 20-24%, Prioritizes Reinvestment Over Margin Growth

Persistent Systems has provided effective tax rate guidance for fiscal year 2026, projecting an ETR between 20.00% and 24.00%. The company has made a strategic decision to focus on reinvestment activities rather than pursuing immediate margin increases, indicating a long-term growth approach over short-term profitability enhancement.

21Jan 26

Persistent Systems Sets Ambitious Revenue Targets of $2 Billion by 2027, $5 Billion by 2030

Persistent Systems has announced ambitious revenue targets of $2 billion by March 2027 and $5 billion by March 2030, while declining to provide future margin guidance. These strategic announcements reflect the IT services company's confidence in its growth trajectory and focus on revenue expansion over the next several years.

20Jan 26

Persistent Systems Q3 Results: PAT Grows 18% YoY to ₹439 Crore; Board Declares ₹22 Dividend

Persistent Systems reported strong Q3 FY26 results with PAT growing 18% YoY to ₹439 crore and revenue of $422.5 million, up 17% annually. Despite sequential moderation due to labour code impact, the company maintained healthy operating margins at 16.7% EBIT margin excluding one-time effects. The board declared ₹22 interim dividend per share, marking the 23rd consecutive quarter of revenue growth driven by sustained demand for data, cloud and digital engineering services.

20Jan 26

Persistent Systems Board Approves Transfer of German and French Subsidiaries to Aepona Group Limited

Persistent Systems Limited's Board of Directors has approved the transfer of 100% shareholding in Persistent Systems Germany GmbH and Persistent Systems France S.A.S. to Aepona Group Limited, Ireland, during a meeting held on January 20, 2026. This restructuring move is aimed at achieving entity rationalization and operational efficiency within the group, with both European subsidiaries set to become wholly owned by the Ireland-based entity upon execution of the Share Purchase Agreement. The company has disclosed that no specific benefits are expected for promoters or group companies from this transaction.

20Jan 26

Persistent Systems Declares ₹22 Interim Dividend for FY 2025-26

Persistent Systems Limited declared an interim dividend of ₹22.00 per equity share for FY 2025-26, approved by the Board of Directors on January 20, 2026. The record date is set for January 27, 2026, and the dividend will be paid within 30 days of declaration. This applies to equity shares of ₹5.00 face value each, following proper regulatory compliance under SEBI (LODR) Regulations.

19Jan 26

Persistent Systems Q3 FY26 Results Preview: Revenue Growth Expected Despite Margin Pressure

Persistent Systems is set to report Q3 FY26 earnings on January 20, with analysts expecting 3.6% QoQ dollar revenue growth to $421 million and 4.8% rupee revenue growth to ₹3,751 crore. EBIT margins are projected to decline from 16.3% to 15.5% due to wage hike impact of 180 basis points, partially offset by operating efficiencies. Growth is expected to be driven by BFSI and healthcare verticals, while deal momentum and progress toward the $5 billion revenue target will be key investor focus areas.

02Jan 26

Persistent Systems Appoints Nitha Puthran as Executive Vice President and Senior Managerial Person

Persistent Systems Limited has appointed Ms. Nitha Puthran as Executive Vice President and Senior Managerial Person effective January 2, 2026. She brings over 20 years of expertise in cloud, infrastructure, and managed services, with a proven track record of building multi-million-dollar infrastructure portfolios and securing major cloud transformation deals in financial services. The appointment was disclosed under SEBI Regulation 30 compliance requirements.

02Jan 26

Persistent Systems: Co's Q3 Earnings Concall On Jan 20 At 6 Pm

Persistent Systems has scheduled its Q3FY26 earnings conference call for January 20, 2026 at 6:00 PM IST to discuss financial results for the quarter ended December 31, 2025. The company updated registration links and provided comprehensive participation options including video conference and dial-in access across multiple time zones for global investor participation.

24Dec 25

Persistent Systems Executes Share Purchase Agreement for Group Restructuring

Persistent Systems Limited has executed a comprehensive Share Purchase Agreement on December 24, 2025, involving the transfer of 100% shareholdings of three subsidiaries as part of internal group restructuring. The strategic move includes transferring Costa Rica operations to Persistent Systems Inc., USA, while Switzerland and Romania entities will move to Aepona Group Limited, Ireland, with completion targeted before March 31, 2026.

16Dec 25

Persistent Systems Partners with DigitalOcean to Enhance AI Access and Security

Persistent Systems has formed a strategic partnership with cloud infrastructure provider DigitalOcean to enhance AI accessibility and security for businesses. The collaboration aims to reduce AI infrastructure costs by over 50%, potentially accelerating AI adoption across enterprises. This partnership combines Persistent Systems' expertise in software development and AI implementation with DigitalOcean's cloud infrastructure platform, addressing cost barriers and security concerns in AI deployment.

22Nov 25

Persistent Systems' Senior VP of Business Finance Resigns

Vikram Tulsyan, Senior Vice President-Business Finance and Senior Management Personnel at Persistent Systems Limited, has resigned effective November 21, 2025 (US Time), citing personal reasons. The company disclosed this information in compliance with SEBI regulations. Tulsyan confirmed no material reasons beyond personal for his departure. The resignation impacts the senior finance leadership structure of the company.

30Oct 25

Persistent Systems Unveils AI-Powered Experience Transformation Studio

Persistent Systems has opened an Experience Transformation (XT) Studio in Pune, India, designed to revolutionize AI-powered user experiences. The studio features design thinking areas, UX consulting zones, and immersive showcases. It aims to bridge the gap between AI capabilities and user needs, addressing challenges in delivering differentiated digital experiences. The company plans to expand XT Studio locations globally, aligning with its AI-first strategy and platform-led foundation.

20Oct 25

Persistent Systems Reports Strong Q2 FY26 Results with 17.6% YoY Revenue Growth and Margin Expansion

Persistent Systems announced robust Q2 FY26 financial results. Revenue reached $406.2 million, up 17.6% YoY. EBIT margin expanded to 16.3%, and PAT margin increased to 13.2%. The company reported $609.2 million in Total Contract Value and $447.9 million in Annual Contract Value. Persistent implemented merit increments for all global employees and saw headcount increase to 26,224. The BFSI sector led industry growth at 30% YoY, while Europe showed strong growth at 37.9% YoY. The company continues to advance its AI strategy and has won two CII National AI Awards 2025.

17Oct 25

Persistent Systems Soars 8% on Strong Q2 FY24 Performance

Persistent Systems reported robust Q2 FY24 results, with revenue growing 4.2% QoQ to $406.20 million. The company achieved record-high operating margin of 16.3% and order bookings of $609.20 million. Healthcare vertical showed strong recovery with 4% sequential growth. Employee count increased by 884, reaching 26,224, with a stable attrition rate of 13.8%. The company aims for $2 billion revenue by FY27 and expects double-digit growth for FY26. Motilal Oswal maintains a 'Buy' rating with a target price of Rs 6,550.

16Oct 25

Persistent Systems Engages with Major Institutional Investors in Non-Deal Roadshow

Persistent Systems Limited (PSL) held a series of non-deal roadshows with major institutional investors on October 16, 2025. The company conducted one-on-one meetings with several mutual funds and insurance companies, including Axis, Aditya Birla, HDFC, Kotak, SBI Life, Motilal Oswal, Goldman Sachs, and Nippon. A group meeting was also held with multiple investors. PSL reiterated information from its October 14 earnings call without sharing additional data. The company also met with HSBC and Edelweiss Mutual Funds on October 15. PSL complied with SEBI regulations by informing the stock exchanges about these interactions.

16Oct 25

Persistent Systems Sees Significant Block Trade Worth Rs. 55.65 Crores on NSE

Persistent Systems Ltd. experienced a significant block trade on the NSE, involving 96,190 shares at ₹5,785 per share, totaling ₹55.65 crore. The company recently conducted a Non-Deal Roadshow, interacting with HSBC and Edelweiss Mutual Funds. They also published their Q2FY26 financial results in newspapers, demonstrating commitment to investor communication and transparency.

15Oct 25

Persistent Systems Surpasses Estimates with Strong Q2 FY2026 Performance, Shares Surge 7%

Persistent Systems reported impressive Q2 FY2026 results, exceeding analyst expectations. Net profit rose to ₹471.50 crore, up 10.94% QoQ and 45% YoY. Revenue increased to ₹3,580.70 crore, up 7.53% QoQ and 23.5% YoY. EBIT grew to ₹583.00 crore with margin improvement to 16.28%. The company's board approved the transfer of 100% shareholding of Aepona Group Ltd, Ireland. Multiple brokerages responded positively, raising target prices and maintaining buy ratings. The stock surged over 7% following the results announcement.

15Oct 25

Persistent Systems Reports Strong Q2 Growth, Sets $2 Billion Revenue Target for FY27, Anticipates Q3 Margin Impact

Persistent Systems reported robust Q2 financial results with revenue reaching $406.20 million, up 17.6% year-over-year. The company set an ambitious target of $2 billion in revenue by FY27, outlining a two-step margin improvement plan. Despite expected wage increase impacts in Q3, Persistent plans to offset this through operational strategies. The company's AI-focused strategy and industry recognition underscore its strong market position in digital engineering.

14Oct 25

Persistent Systems Reports $406.2M Revenue in Q2 FY26 with 17.6% YoY Growth

Persistent Systems reported Q2 FY2026 results exceeding analyst expectations. Revenue reached $406.20 million, up 17.6% year-over-year. Net profit increased to ₹471.00 crore, a 14.8% rise from Q1. The company's revenue in INR grew to ₹3,580.00 crore, up 7.5% quarter-over-quarter. BFSI sector led segment-wise growth at 10.2%, followed by Healthcare & Life Sciences at 7.1%, and Software, Hi-Tech and Emerging Industries at 5.3%.

14Oct 25

Persistent Systems Reports Strong Q2 Results, Targets 17% Revenue CAGR

Persistent Systems announced robust Q2 financial results with revenue of ₹35,807.20 crore ($406.20 million), up 17.6% year-over-year. EBIT stood at ₹5,837.40 crore with a 16.3% margin, while PAT increased by 45.1% to ₹4,714.70 crore. The company targets a 17% revenue CAGR, focusing on AI-driven initiatives, client base expansion, and maintaining a 16% EBIT margin. Persistent's growth strategy leverages AI platforms like SASVA and iAURA across various industries. Significant client wins were reported in infrastructure, cybersecurity, fintech, and wealth management sectors.

11Oct 25

Persistent Systems Announces Non-Deal Roadshow with Major Institutional Investors

Persistent Systems Limited has scheduled a two-day non-deal roadshow for October 15-16, 2025, to engage with prominent institutional investors. The roadshow includes one-on-one meetings with various mutual funds, insurance companies, and asset management firms. A detailed schedule has been released, featuring interactions with entities such as Edelweiss Mutual Fund, Axis Mutual Fund, and Goldman Sachs Asset Management. The company will focus on reiterating information from their investor/analyst call on October 14, 2025, which will cover Q3 2025 financial results. Persistent Systems has assured that no unpublished price-sensitive information will be shared during these sessions.

23Sept 25

Persistent Systems Sets Board Meeting for Q2 FY2026 Results, Announces Trading Window Closure

Persistent Systems will hold a Board meeting on October 13-14, 2025, to review and approve Q2 and H1 FY2026 financial results. The company will close its trading window from September 24 to October 16, 2025, in compliance with SEBI regulations. An investor call will follow to discuss the results.

21Sept 25

Persistent Systems: U.S. H-1B Visa Order Not Expected to Significantly Impact Operations

Persistent Systems has announced that the recent U.S. Executive Order on H-1B visa applications is not expected to significantly impact its operations or financial performance. The company made this statement after reviewing the Executive Order and subsequent memorandum issued by U.S. immigration authorities. Persistent Systems will continue to monitor the situation and provide updates as necessary.

18Sept 25

Persistent Systems' ESG Rating Climbs to 81.7 for FY 2024-25

Persistent Systems received an ESG rating of 81.7 for FY 2024-25 from SES ESG Research Pvt. Ltd., a 4.30 point increase from the previous year. The assessment, based on the company's annual report, ESG report, and public information, reflects Persistent's commitment to enhancing its ESG practices. The company voluntarily underwent this evaluation, demonstrating transparency and accountability in ESG matters.

17Sept 25

Persistent Systems Clinches 'Growth Honor of the Year' at 2025 Everest Group Elevate Honors

Persistent Systems has been awarded the 'Growth Honor of the Year' at the 2025 Everest Group Elevate Honors, recognizing its exceptional performance among firms with $1-5 billion annual revenues. The company has shown consistent growth with 21 sequential quarters of revenue growth, $1,470.70 million in trailing twelve-month revenue, and a 25.60% four-year CAGR. Persistent has delivered a five-year shareholder return of 1,805.20% and aims to become a $5 billion company by FY31. The company's success is attributed to client trust, strong partnerships, disciplined execution, and focus on AI-led, platform-driven services strategy.

05Sept 25

Persistent Systems Reports Strong Q2FY22 Results with 34% Y-o-Y Revenue Growth and Strategic Acquisitions

Persistent Systems announced robust financial results for Q2 FY22. Revenue reached $182.32 million, up 34% YoY. Profit after tax increased 58.60% YoY to INR 1,617.53 million. The company secured $282.50 million in TCV and $201.10 million in ACV. Two strategic acquisitions were announced to form a new Payments business unit and expand cloud capabilities. Notable client wins were reported across various sectors. An Employee Stock Option Plan was launched, and the company was named to Forbes Asia's 'Best Under A Billion' 2021 list.

12Aug 25

Persistent Systems Announces Major Leadership Shift: Jaideep Dhok Takes Helm as New COO-Technology

Persistent Systems has named Jaideep Dhok as its new Chief Operating Officer - Technology and Senior Management Personnel, effective August 12, 2025. Dhok replaces Dhanashree Bhat, whose tenure ended on August 11, 2025. With over 23 years of industry experience, including 14 at Persistent, Dhok will oversee delivery excellence, talent management, learning and development, and alliances. He will continue leading the APAC region and contribute to the company's AI strategy. Persistent also disclosed recent investor interactions with Creagis and Franklin Templeton.

07Aug 25

Persistent Systems Announces Strategic Leadership Shift: Jaideep Dhok Elevated to COO-Technology

Persistent Systems has announced significant leadership changes. Dhanashree Bhat, COO and SMP, will step down on August 11, 2025. Jaideep Dhok has been promoted to COO-Technology, effective August 12, 2025. Dhok, with 23 years of experience, will oversee delivery excellence, talent management, learning and development, and partnerships. CFO Vinit Teredesai's role expands to include IT and ESG responsibilities. These changes aim to scale growth momentum and enhance operational excellence, focusing on AI-led and platform-driven strategies.

06Aug 25

Persistent Systems Shares Plunge 8% on Disappointing Q4 Results

Persistent Systems' shares fell nearly 8% after Q4 results missed analyst expectations. Revenue growth decelerated to 3.9% sequentially, reaching $389.70 million. The healthcare division saw a 2.2% decline. Net profit increased by 7.4% QoQ to ₹424.90 crore, while operating margin slightly decreased. The company faces slower client decision-making and has deferred salary increases. Analysts have mixed views, with Emkay Global cutting earnings estimates and Motilal Oswal maintaining a 'buy' rating.

01Aug 25

Persistent Systems Announces New Chief People Officer as Part of Leadership Transition

Persistent Systems announced a leadership change in its HR department. Yogesh Patgaonkar is retiring as Chief People Officer on July 31, 2025. Rajiv Naithani, previously Senior VP - HR & OD, will take over as the new Chief People Officer from August 1, 2025. Naithani has over 20 years of HR experience in IT and holds advanced degrees in HR management.

29Jul 25

Persistent Systems Reports 18.8% Revenue Growth in Q1 FY26, Achieves 21st Consecutive Quarter of Growth

Persistent Systems achieved revenue of $389.70 million in Q1 FY26, marking 18.8% year-on-year growth and 3.9% quarter-on-quarter increase. EBIT margin stood at 15.5% with profit after tax margin at 12.7%. Total Contract Value reached $520.80 million. Growth was seen across key verticals: BFSI (30.7% YoY), Software and Hi-tech (14.1%), and Healthcare and Life Sciences (12.4%). The company launched SASVA 3.0, an AI-powered digital engineering platform. Annual wage hikes were postponed by a quarter, but workforce expanded by 746 employees. Persistent Systems maintains its target of $2 billion revenue by FY27.

25Jul 25

Persistent Systems Reports Strong Q1 Growth; CEO Optimistic About US Market Recovery

Persistent Systems reported robust Q1 FY2026 results with Rs 389.70 crore revenue, 3.90% QoQ and 18.80% YoY growth. EBIT margin at 15.50%, total contract value of Rs 520.00 crore. BFSI vertical strong in North America, European market grew 37.50% YoY. Healthcare segment declined 2.00% due to US funding cuts. CEO Sandeep Kalra expects US market recovery and tariff resolution in coming quarters. Despite results, shares closed 7.68% lower at Rs 5,175.00.

24Jul 25

Persistent Systems Reports 18.8% YoY Revenue Growth in Q1 FY26, Appoints New Chief People Officer

Persistent Systems announced Q1 FY26 financial results with revenue of $389.70 million, up 18.8% YoY and 3.9% QoQ. EBIT reached ₹5,178.10 million with a 15.5% margin, while PAT grew 38.7% YoY to ₹4,249.40 million. The company reported strong performance across all industry segments, with BFSI growing 34% YoY. Order booking for Q1 stood at $520.80 million TCV and $385.30 million ACV. The company also announced leadership changes, including the retirement of CFO Yogesh Patgaonkar and the appointment of Rajiv Naithani as the new CFO. Persistent Systems continues to focus on AI-led, platform-driven strategies and has been recognized as a leader in digital engineering services.

24Jul 25

Persistent Systems Reports 18.8% YoY Revenue Growth, Sets Ambitious $2 Billion Target for FY27

Persistent Systems reported robust Q1 FY26 financial results with revenue reaching $389.70 million, up 18.8% YoY. EBIT grew 34.8% YoY to ₹5,178.10 million, and PAT increased 38.7% YoY to ₹4,249.40 million. The company outlined a strategic growth target of $2 billion revenue by FY27 with a planned annual growth rate of 19-20%. Persistent Systems secured significant deals across various sectors and announced key leadership changes. The company received industry recognition, being named the fastest-growing Indian IT Services brand by Brand Finance and recognized as a Leader in ISG Provider Lens™ 2025 for Digital Engineering Services.

23Jul 25

Persistent Systems Reports 18.8% YoY Revenue Growth in Q1 FY26, Achieves $389.7M in Revenue

Persistent Systems announced Q1 FY26 financial results with revenue reaching $389.70 million, up 18.8% YoY and 3.9% QoQ. EBIT stood at ₹5,178.10 million with a 15.5% margin, while PAT grew to ₹4,249.40 million, up 38.7% YoY. The company reported TCV bookings of $520.80 million and ACV bookings of $385.30 million. Revenue breakdown shows Software, Hi-Tech & Emerging Industries at 40.8%, BFSI at 33.9%, and Healthcare & Life Sciences at 25.3%. Key client wins were secured across core industry segments. The company continues to focus on AI-led, platform-driven services strategy and received several industry recognitions.

23Jul 25

Persistent Systems Reports Strong Q1 FY26 Results with 18.8% YoY Revenue Growth

Persistent Systems Limited announced robust Q1 FY26 financial results. Revenue reached $389.70 million, up 18.8% YoY and 3.9% QoQ. PAT grew 38.7% YoY to Rs 4,249.40 million. EBITDA margin improved to 18.3%. The company showed strong performance across all segments: BFSI, Healthcare & Life Sciences, and Software, Hi-Tech and Emerging Industries. Key developments include equity share issuance and leadership changes. The company maintained its growth streak for the 21st consecutive quarter despite challenging macroeconomic conditions.

18Jul 25

Persistent Systems Ltd. Sees Significant Block Trade on NSE

A significant block trade of approximately 29,370 shares of Persistent Systems occurred on the National Stock Exchange (NSE). The transaction was valued at Rs. 16.41 crore, with shares priced at Rs. 5,588.00 each. This large-scale trade highlights ongoing interest in the company's stock among major investors, though it may not necessarily indicate a shift in overall market sentiment.

01Jul 25

Persistent Systems CEO's Compensation Skyrockets to ₹148 Crore Amid Strong Financial Performance

Persistent Systems' CEO Sandeep Kalra received a total compensation of ₹148.00 crore, a 93% increase from the previous year, with 90% in stock options. The company reported robust financial results, including a 25% increase in net profit to $166.00 million and revenue of $1.40 billion. Persistent Systems has maintained 20 consecutive quarters of growth and aims to reach $2.00 billion in revenue by FY27.

12Jun 25

Persistent Systems Soars: 1,962% Return in Five Years, Strong Q4 Performance

Persistent Systems Ltd. reported impressive Q4 financial results, with revenue reaching Rs 3,242 crore, up 5.9% QoQ. Net profit increased by 6.1% to Rs 396 crore. The company's EBIT margin improved to 15.6%, up from 14.9% in the previous quarter. The stock closed at Rs 5,965.50, marking a 0.33% increase in the latest trading session. Persistent Systems has delivered a 1,962.71% return over the past five years and a 54.5% gain in the current year.

06May 25

Persistent Systems Surges 25% in Four Weeks, Reaffirms $2 Billion Revenue Target

Persistent Systems has experienced a 25% stock price increase over the past four weeks, following robust Q4 performance. The company reported a 5.9% sequential revenue growth to ₹3,242.00 crore and a 6.1% profit increase to ₹396.00 crore. Operating margin expanded to 15.60%. Persistent Systems maintains its target of $2 billion revenue by FY27, supported by increased deal bookings and growing client base in higher-value contracts. The company recently engaged with investors, including a virtual interaction with Jetha Global and a rescheduled session with Sumitomo Mitsui DS Asset Management.