#USA #AI Solutions #Santa Clara #Persistent Systems #SASVA

Persistent Systems Reports Strong Performance in Q3 FY25

Persistent Systems, a leader in digital engineering and enterprise modernization, has announced its audited financial results for the third quarter of fiscal year 2025, concluding on December 31, 2024. The company achieved a remarkable revenue growth of $360.2 million, reflecting a quarter-over-quarter increase of 4.3% and a substantial year-over-year growth of 19.9%. These numbers not only indicate the company's healthy financial trajectory but also highlight its capability to innovate and adapt in a competitive landscape.

Financial Highlights

The significant financial metrics released by Persistent Systems underscore its robust performance:

• - Revenue: $360.2 million
• - Quarter-over-quarter growth: 4.3%
• - Year-over-year growth: 19.9%
• - Adjusted EBITDA: INR 5,378.4 million
• - Net Profit After Tax: INR 3,729.9 million

The rising revenues and profits illustrate the effectiveness of Persistent's AI-driven, platform-based service strategy, which continues to captivate clients across various sectors. In this quarter alone, Persistent's Board of Directors has declared an interim dividend of 20 INR per share for the financial year 2024/2025, emphasizing its commitment to creating shareholder value.

Strategic Innovations and Milestones

In addition to its impressive financial results, Persistent Systems reached several important milestones during the quarter. Notably, the company was recognized with the prestigious ISG Star of Excellence™ Overall Award 2024, based on customer ratings that validate its ability to enhance business operations through AI integration. This recognition not only enhances the company's reputation but also demonstrates its dedication to pioneering innovative solutions.

Amid this competitive backdrop, Persistent Systems is proud to announce multiple achievements, including partnerships with industry giants like Microsoft and Google Cloud, which have helped in developing advanced solutions such as ContractAssIst and Pi-OmniKG. These innovations represent Persistent's agility and foresight in adapting to the evolving technological landscape.

Over 20 patents related to their proprietary AI-powered software development platform, SASVA™, have also been filed, further solidifying its position as a market leader in AI technology.

Sector-Specific Achievements

Highlighting its diverse sector reach, Persistent has reported successful project completions across various industries such as financial services, healthcare, and technology. For example:

• - In the software sector, Persistent employed SASVA™ to modernize product development, enhancing recurring revenue and optimizing R&D costs for a leading US company.
• - In banking and finance, the company integrated SASVA™ to modernize legacy systems, significantly boosting developer productivity while reducing tech debt for a US financial entity.
• - The healthcare sector has seen improvements as well, with Persistent reshaping patient care platforms, thereby enhancing patient experiences and operational efficiencies for major health insurance providers.

Sustainability and Governance Recognition

Persistent Systems’ unwavering focus on sustainable business practices has been recognized globally, with the company being included in the prestigious Dow Jones Sustainability World Index - a testament to its commitment to environmental and social governance activities. Achieving a commendable AA+ (Stable) rating from ICRA further reinforces its strong financial profile and governance practices.

In summary, Persistent Systems not only showcased solid financial performance this quarter but also reasserted its role as an innovator dedicated to leveraging AI-driven solutions to propel businesses forward. The company's strategic initiatives and recognition underscore its continuous growth and dedication to delivering exceptional value to clients and stakeholders alike.

For more information on its ongoing initiatives and performance, visit Persistent Systems.