Persistent Achieves $389.7M Revenue in Q1 FY26 with 18.8% Y-o-Y Growth

Persistent Achieves $389.7M Revenue in Q1 FY26 with 18.8% Y-o-Y Growth

PR Newswire

PUNE, India and SANTA CARLA, Calif., July 23, 2025

Reports 38.7% Y-o-Y PAT growth

PUNE, India and SANTA CARLA, Calif., July 23, 2025 /PRNewswire/ -- Persistent Systems (BSE: 533179) (NSE: PERSISTENT) today announced the Company's audited financial results for the quarter ended June 30, 2025, as approved by the Board of Directors.

Persistent Systems Logo

Consolidated Financial Highlights for the Quarter ended June 30, 2025:


Q1FY26

Margin %

Q-o-Q Growth

Y-o-Y Growth

Revenue





(USD Million)

389.7


3.9 %

18.8 %

(INR Million)

33,335.9


2.8 %

21.8 %

Constant currency growth



3.3 %

19.0 %

EBIT (INR Million)

5,178.1

15.5 %

2.5 %

34.8 %

PBT (INR Million)

5,554.1

16.7 %

9.9 %

38.7 %

PAT (INR Million)

4,249.4

12.7 %

7.4 %

38.7 %

The 35th Annual General Meeting of the Company was held on July 21, 2025. All the resolutions, including final dividend payment of INR 15 per share, were approved by the members with the requisite majority.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent:

"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.

"Our innovation-led execution and sharp focus on talent continue to drive momentum. This has earned us recognition as a Leader in the ISG Provider Lens™ 2025 for Digital Engineering Services and in the Everest Group Talent Readiness for Next-Gen Application Services PEAK Matrix® Assessment 2025. We are also proud to achieve top rankings in Extel's Asia Executive Team survey for Investor Relations and stakeholder trust.

"As we look ahead, we remain committed to delivering long-term growth for all stakeholders."

First Quarter FY26 Client Wins and Outcomes

The order booking for the quarter ended on June 30, 2025, was $520.8 million in Total Contract Value (TCV) and $385.3 million in Annual Contract Value (ACV).

Some of the key wins for the quarter include:

Software, Hi-Tech & Emerging Industries

Banking, Financial Services & Insurance

Healthcare & Life Sciences

Leadership Changes

Other News in the Quarter

About Persistent

Persistent Systems (BSE: 533179) (NSE: PERSISTENT) is a global services and solutions company delivering AI-led, platform-driven Digital Engineering and Enterprise Modernization to businesses across industries. With over 25,000 employees located in 18 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company is part of the MSCI India Index and is included in key indices of the National Stock Exchange of India, including the Nifty Midcap 50, Nifty IT, and Nifty MidCap Liquid 15, as well as several on the BSE such as the S&P BSE 100 and S&P BSE SENSEX Next 50. Persistent is also a constituent of the Dow Jones Sustainability World Index. The Company has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. Persistent has also been named one of America's Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek and Plant A Insights Group. As a participant of the United Nations Global Compact, the Company is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 468% growth in brand value since 2020, Persistent is the fastest-growing IT services brand in 'Brand Finance India 100' 2025 Report.

www.persistent.com

Forward-looking and Cautionary Statements

For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs

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