Persistent Systems Recognized for Exceptional Growth at Everest Group Elevate Honors 2025

Persistent Systems Achieves Coveted Growth Honor at Everest Group Elevate Honors 2025

On September 17, 2025, Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a leader in digital engineering and enterprise modernization, proudly announced its recognition as the recipient of the 'Growth Honor of the Year' at the 2025 Everest Group Elevate Honors. This award distinguishes companies with annual revenues ranging between $1 billion and $5 billion and showcases their exceptional growth and impactful contributions to stakeholders worldwide.

This prestigious honor reflects Persistent's robust trajectory in revenue growth, underscoring its commitment to delivering sustained value to clients and investors alike. The company achieved an impressive trailing twelve-month (TTM) revenue of $1.47 billion as of Q1 FY26, showcasing a remarkable compound annual growth rate (CAGR) of 25.6% over the last four years (FY21–FY25) and an astounding 17.4% CAGR since its initial public offering in 2010. Notably, Persistent has exhibited consistent revenue growth for 21 consecutive quarters, establishing itself as a dominant force within the global service provider landscape.

The Everest Group Elevate Honors are derived from thorough, independent research conducted by Everest Group analysts, where honorees are selected based on performance metrics alone. This ensures that only companies demonstrating outstanding, differentiable results are recognized. The announcement took place during the inaugural Everest Group Elevate event in Dallas, which convened industry leaders focused on driving enterprise growth.

Sandeep Kalra, CEO and Executive Director at Persistent Systems, expressed gratitude for the recognition, stating, "We thank Everest Group for this recognition, which stands as a powerful affirmation of our clients' trust, the passion of our global team, and the strength of our partnerships. Our disciplined execution and innovation mindset, along with our AI-led, platform-driven services strategy, have powered our growth and enabled us to deliver measurable outcomes for our clients. As we aim to reach $5 billion in revenue by FY31, we remain committed to accelerating this momentum in redefining growth and performance."

Persistent's exceptional growth strategy is rooted in a client-centric approach, relentless market understanding, and a willingness to embrace and leverage emerging technologies. Even amid fluctuating macroeconomic conditions, the company has successfully expanded its offerings, demonstrating the tangible outcomes derived from its innovative AI-led initiatives, such as SASVA™, iAURA, and GenAI Hub. The firm's growth is complemented by a robust ecosystem of partners and an elite global talent pool that consistently deliver value and foster trust amongst stakeholders.

Ronak Doshi, a Partner at Everest Group, remarked, "We are honored to launch the Everest Group Elevate Honors recognition program at this historic event. The selections are rooted in independent, factual, and analyst-driven research, reinforcing the high performance and excellence of honorees. We extend our congratulations to Persistent Systems for their well-deserved recognition in the Growth Honor of the Year category."

Persistent Systems is positioned as a trailblazer in providing AI-driven, platform-centric digital engineering and enterprise modernization solutions across various industries. With over 25,000 employees worldwide and operations in 18 countries, the company's steadfast commitment to innovation and success is evident in its extensive service offerings that span software engineering, data analytics, cloud solutions, and intelligent automation.

Being part of the MSCI India Index and several indices on the National Stock Exchange of India and Bombay Stock Exchange, Persistent Systems not only demonstrates business prowess but also prioritized sustainability, having achieved carbon neutrality. The company was also recognized as one of America's Greatest Workplaces for Inclusion and Diversity in 2025 by Newsweek. With significant brand value growth of 468% since 2020, Persistent ranks as the fastest-growing IT services brand in the 'Brand Finance India 100' report for 2025.

This latest recognition is a testament to Persistent Systems' strategic vision and relentless pursuit of excellence, setting new standards and benchmarks in the tech industry as it charts its course towards continued success and influence in the digital transformation landscape.

For further details about the company and its achievements, visit www.persistent.com.