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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.

14Oct 25

Persistent Systems Secures Approval for Aepona Group Share Transfer

Persistent Systems has received approval to transfer shares of Aepona Group Limited from its US subsidiary to the Indian parent company. This restructuring aims to streamline the corporate structure and boost operational efficiency. Aepona Group Limited will become a Wholly Owned Subsidiary of Persistent Systems Limited upon completion of the transfer.

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%.

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 Persistent Systems has assured that no unpublished price-sensitive information will be shared during these sessions.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.

24Apr 25

Persistent Systems Declares ₹15 Final Dividend, Welcomes CFO to Board

Persistent Systems declared a final dividend of ₹15 per share, bringing the total annual dividend to ₹35. The company appointed CFO Vinit Teredesai to the Board. Q4 FY25 results show 20.7% YoY revenue growth to $375.20M, with EBIT at ₹5,052.90M (34.9% YoY growth) and PAT at ₹3,957.60M (25.5% YoY growth). The company also announced new auditors and approved a merger with its subsidiary.

24Apr 25

Persistent Systems: Q4 Profit Surges 25%, Dividend Announced

Persistent Systems announced robust financial results for Q4 and FY25. Q4 revenue reached Rs 3,242.11 crore, up 25.2% YoY, with net profit rising to Rs 395.76 crore, up 25.5% YoY. FY25 annual revenue grew to $1,409.10 million, an 18.8% increase from FY24. The company declared a final dividend of Rs 15 per share, bringing the total FY25 dividend to Rs 35 per share. Persistent maintained focus on AI-led transformation and strengthened partnerships with major cloud providers. The company aims to achieve $2 billion in annual revenue by FY27, focusing on AI-led platform-driven services for future growth.

11Apr 25

Persistent Systems Strengthens Position with NCLT Approval of Capiot Software Merger

Persistent Systems Limited has received NCLT Mumbai's approval for merging its wholly-owned subsidiary, Capiot Software Private Limited. The merger, effective from April 1, 2024, aims to streamline operations, reduce costs, and enhance capabilities in the IT services sector. The consolidation is expected to simplify corporate structure, achieve synergies, and improve operational efficiency. The merger order includes directives on regulatory compliance and employee transfer terms.