Persistent Systems Reports Impressive FY25 Revenue Growth and Strong EBIT Margin Amidst Challenges
Persistent Systems' Financial Performance for FY25
Persistent Systems, a prominent player in digital engineering and enterprise modernization, recently unveiled its audited financial results for the fiscal year ending March 31, 2025. The data reflects a remarkable performance in the face of a challenging global economic environment. The company reported revenues of $1,409.1 million, marking an impressive 18.8% year-on-year growth. This growth trajectory illustrates the effectiveness of Persistent's strategic decisions and operational frameworks throughout the fiscal year.
Quarterly Overview
In the fourth quarter alone, Persistent recorded a revenue of $375.2 million, demonstrating a 4.2% increase quarter-on-quarter and a robust 20.7% increase year-on-year. The commitment to maintaining operational excellence has allowed the company to achieve an EBIT margin of 14.7%, a notable charge compared to the previous fiscal year.
Consolidated Financial Highlights
| Metric | FY24 ($ Million) | FY25 ($ Million) | Y-o-Y Growth (%) |
|---|---|---|---|
| ------- | --- | --- | ---- |
| Revenue | 1,186.1 | 1,409.1 | 18.8 |
| EBIT | 14,149.3 | 17,512.6 | 23.8 |
| Profit Before Tax (PBT) | 14,476.1 | 18,223.1 | 25.9 |
| Profit After Tax (PAT) | 10,934.9 | 14,001.6 | 28.0 |
The board's recommendation to distribute a final dividend of ₹15 per share reflects their dedication to returning value to shareholders, marking a total annual dividend of ₹35 as the company celebrated its 35th anniversary.
Leadership Insights
Dr. Anand Deshpande, the founder and managing director of Persistent, emphasized, "Our commitment to harnessing AI for transformation sets us apart in ensuring our clients' digital journeys are enriching and purpose-driven. We are poised for substantial growth moving forward." Meanwhile, CEO Sandeep Kalra highlighted the successful completion of 20 consecutive quarters of revenue growth, reaffirming client trust and operational discipline as central to their achievements.
Strategic Wins
The company also reported significant order bookings of $517.5 million for the quarter, underlining its robust market position. A few standout client engagements from Q4 include:
- - Progress in product safety and compliance for a leading cybersecurity firm.
- - Advancements in regulatory compliance data platforms for major financial institutions in the U.S.
- - Enhancements in healthcare data management systems for top healthcare providers.
As predictions indicate, Persistent Systems aims to reach the ambitious target of $2 billion in annual revenue by FY27, with AI and innovative service platforms anticipated to drive this growth.
Industry Recognition
Persistent's commitment to excellence has translated into multiple accolades, including:
- - Being recognized as 2025 Google Cloud Infrastructure Modernization Partner of the Year for Asia Pacific.
- - Securing a Leader position in various industry assessments by Gartner and Everest.
Conclusion
With a trajectory illustrating considerable growth, financial strength, and industry recognition, Persistent Systems is not just celebrating its historical milestones but also laying down the groundwork for a future shaped by AI and innovation. The company's strategic pivots and consistent performance instill confidence among stakeholders as they navigate the transforming landscape of technology and client demands effectively.
For more information about the company and its services, visit Persistent Systems.
Topics Business Technology）
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