Persistent Systems Reports Strong Q3 2026 Revenue Growth of 17.3% YoY
Persistent Systems, a leading player in the digital engineering and AI-driven solutions space, has unveiled its financial results for the third quarter of fiscal year 2026, ending December 31, 2025. The company reported a total revenue of $422.5 million, indicating a solid year-on-year growth rate of 17.3%, alongside a quarterly increase of 4%. These results have been welcomed by investors and stakeholders alike, reinforcing the company's robust position in the technology sector.
The impressive financial performance of Persistent Systems can be attributed to its strategic focus on delivering advanced digital and cloud engineering solutions that cater to a wide variety of industries. The EBITDA margin was calculated at 16.7%, excluding the unique impacts of new labor codes that slightly affected the net profit margins. In line with this performance, the Board of Directors declared an interim dividend of 22 Indian Rupees per share, showcasing the company's commitment to providing value to its shareholders.
Sandeep Kalra, CEO and Executive Director of Persistent, highlighted the sustained demand for data analysis, cloud services, and digital engineering that propelled the firm to achieve its 23rd consecutive quarter of revenue growth. The company's engagement with strategic client programs and the application of AI-driven innovations have played a crucial role in enhancing productivity and optimizing operational efficiencies.
Persistent Systems' success during this quarter can be further noted by its significant contract wins, with recorded bookings amounting to $674.5 million in total contract value and $501.9 million in annual contract value. Noteworthy projects included scaling up an AI-driven commerce product with SASVA™ for a leading next-generation supply chain solutions provider, and transforming payroll platforms using their proprietary tools to enhance integration post-acquisition.
Moreover, the company has consistently been recognized for its excellence and innovation. It was named one of India’s most valuable brands by Kantar BrandZ and ranked highly in several prestigious industry reports, solidifying its reputation in the market.
Looking ahead, Persistent aims to maintain its growth trajectory by focusing on larger and more complex project engagements that align with market trends. The emphasis will remain on executing strategic initiatives effectively while upholding a commitment to sustainable practices and innovative solutions. Persistent's dedication to improving productivity through the integration of advanced AI technologies further cements its position as a leader in the digital transformation space.
As companies continue to adapt to the rapidly changing technological landscape, Persistent Systems stands ready to support its clients with comprehensive solutions designed to meet the challenges of tomorrow.
Founded in 1990, Persistent Systems is headquartered in Pune, India, with a presence across 18 countries. The company focuses primarily on delivering top-notch digital services, including software engineering, data analytics, cloud solutions, and intelligent automation. With over 26,500 employees, Persistent is committed to fostering innovation and helping clients thrive in an increasingly digital world. The firm has also achieved carbon neutrality and was recognized as one of the best workplaces in America for diversity and inclusion in 2025.
For more information, visit www.persistent.com.
Financial Performance Highlights
The impressive financial performance of Persistent Systems can be attributed to its strategic focus on delivering advanced digital and cloud engineering solutions that cater to a wide variety of industries. The EBITDA margin was calculated at 16.7%, excluding the unique impacts of new labor codes that slightly affected the net profit margins. In line with this performance, the Board of Directors declared an interim dividend of 22 Indian Rupees per share, showcasing the company's commitment to providing value to its shareholders.
Driving Factors Behind Growth
Sandeep Kalra, CEO and Executive Director of Persistent, highlighted the sustained demand for data analysis, cloud services, and digital engineering that propelled the firm to achieve its 23rd consecutive quarter of revenue growth. The company's engagement with strategic client programs and the application of AI-driven innovations have played a crucial role in enhancing productivity and optimizing operational efficiencies.
Persistent Systems' success during this quarter can be further noted by its significant contract wins, with recorded bookings amounting to $674.5 million in total contract value and $501.9 million in annual contract value. Noteworthy projects included scaling up an AI-driven commerce product with SASVA™ for a leading next-generation supply chain solutions provider, and transforming payroll platforms using their proprietary tools to enhance integration post-acquisition.
Moreover, the company has consistently been recognized for its excellence and innovation. It was named one of India’s most valuable brands by Kantar BrandZ and ranked highly in several prestigious industry reports, solidifying its reputation in the market.
Future Outlook
Looking ahead, Persistent aims to maintain its growth trajectory by focusing on larger and more complex project engagements that align with market trends. The emphasis will remain on executing strategic initiatives effectively while upholding a commitment to sustainable practices and innovative solutions. Persistent's dedication to improving productivity through the integration of advanced AI technologies further cements its position as a leader in the digital transformation space.
As companies continue to adapt to the rapidly changing technological landscape, Persistent Systems stands ready to support its clients with comprehensive solutions designed to meet the challenges of tomorrow.
About Persistent Systems
Founded in 1990, Persistent Systems is headquartered in Pune, India, with a presence across 18 countries. The company focuses primarily on delivering top-notch digital services, including software engineering, data analytics, cloud solutions, and intelligent automation. With over 26,500 employees, Persistent is committed to fostering innovation and helping clients thrive in an increasingly digital world. The firm has also achieved carbon neutrality and was recognized as one of the best workplaces in America for diversity and inclusion in 2025.
For more information, visit www.persistent.com.
Topics General Business）
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