Persistent Systems Reports Impressive $1.41 Billion Revenue for FY25 with Strong Growth and Margins

Persistent Systems Financial Performance Overview



In a significant achievement, Persistent Systems (BSE: PERSISTENT) and (NSE: PERSISTENT) announced its audited financial results for the fiscal year ending March 31, 2025. The company recorded an impressive total revenue of $1,409.1 million, marking an 18.8% increase compared to the previous year. This growth trajectory highlights Persistent's strong operational strategies and market positioning, making it a key player in the technology sector.

Revenue Breakdown and Key Metrics


For the fiscal year 2024-25, key financial metrics indicate a robust performance:
  • - Total Revenue: $1,409.1 million (compared to $1,186.1 million in FY24)
  • - EBIT Margin: 14.7% with an increase in EBIT from 14,149.3 million INR to 17,512.6 million INR
  • - Growth in Revenue (INR): Increased from 98,215.9 million INR to 119,387.2 million INR, translating to a 21.6% year-over-year growth.

The fourth quarter ending March 31, 2025, also showed strong results with a revenue of $375.2 million, achieving a 4.2% increase from the previous quarter and 20.7% year-over-year growth. These consistent results underscore Persistent's resilience and commitment to delivering value in a competitive environment.

Strategic Initiatives and Innovations


Dr. Anand Deshpande, the founder and CEO of Persistent, emphasized the company's dedication to innovation in artificial intelligence (AI) and digital transformation. Persistent’s focus on AI-driven capabilities and customer-focussed solutions has been pivotal in its recent successes. The company has made early investments in AI, allowing it to integrate these technologies into its clients' digital journeys effectively.

Furthermore, Persistent Systems celebrated its 35th anniversary and its 15 years of listing on the National Stock Exchange of India, both significant milestones in its journey. The company also announced a proposed final dividend of ₹15 per shared, enhancing its total dividend for the year to ₹35, thus rewarding its shareholders.

Client Growth and Industry Recognition


The company’s ability to attract new business is reflected in its total contract value (TCV) for the quarter, which hit $517.5 million and an annual contract value (ACV) of $350.2 million. Major highlights include:
  • - In the software and high-tech sector, Persistent improved product robustness through advanced solutions in data loss prevention for a leading global security provider.
  • - In banking and finance, Persistent helped a major US financial services firm by streamlining compliance across applications.
  • - The healthcare sector saw enhancements in data management and claims processing, attributed to Persistent's modernization efforts.

Recognition for Persistent’s industry contributions continues to grow, with accolades such as the ISG Star of Excellence Award and awards from Google Cloud for Infrastructure Modernization. Persistent was also recognized in various industry reports, including the Gartner Magic Quadrant for its outstanding performance in IT transformation services.

Future Outlook


As Persistent Systems looks ahead, the company remains optimistic about reaching a target of $2 billion in annual revenue by FY27. The ongoing strategic shift towards AI-enabled, platform-based services is anticipated to fuel this growth, offering consistent value to its stakeholders. CEO Sandeep Kalra acknowledged the unwavering support from employees, clients, and partners that has contributed to this sustained success and expressed confidence in the company’s operational discipline.

In conclusion, Persistent Systems’ financial performance for FY25 and its ongoing commitment to innovation set a positive precedent for the upcoming years. As it embraces new challenges and opportunities in the dynamic technology landscape, the company’s strategies indicate a strong path forward.

For more information about Persistent Systems and its offerings, visit www.persistent.com.

Topics Business Technology)

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