#USA #Santa Clara #Persistent Systems #Financial Growth #fiscal year 2026

Persistent Systems Achieves Remarkable Growth in Q2 FY26

In an impressive announcement from Persistent Systems (BSE: 533179 and NSE: PERSISTENT), the company reported a robust revenue growth of $406.2 million for the second quarter of Fiscal Year 2026 (Q2 FY26). This marks a 17.6% increase year-over-year, showcasing the company’s exceptional performance and commitment to excellence amidst a rapidly evolving tech landscape.

The highlights from the financial results, which were approved by the Board of Directors, indicate that Persistent’s growth trajectory continues unabated, having achieved its 22nd consecutive quarter of revenue growth. The second quarter also recorded a 4.2% increase from the previous quarter, suggesting a steady upward trend. According to Sandeep Kalra, the Chief Executive Officer and Executive Director, this improvement reflects the trust clients place in the company and underscores their dedication to transformational impact.

Financial Highlights

Here’s a brief overview of Persistent's consolidated financial performance for Q2 FY26:

• - Revenue: $406.2 million (INR 35,807.2 million)
• - Operating margin (EBIT): 16.3% with INR 5,837.4 million
• - Profit Before Tax (PBT): INR 6,168.3 million, up 17.2% Y-o-Y
• - Profit After Tax (PAT): INR 4,714.7 million, with a substantial increase of 45.1% anniversary on anniversary.

This impressive financial performance is attributed to Persistent's strategy that intertwines AI-driven solutions and robust partnerships aimed at delivering significant value to clients across various sectors.

Strategic Initiatives and Achievements

Persistent Systems has also been recognized for its strategic initiatives, which have garnered several accolades. The company was honored with the 'Growth Honor of the Year' by Everest Group, showcasing its talent and capability in navigating technological advancements effectively. Additionally, it was named a leader in the Talent Readiness for Next-generation Cloud Services PEAK Matrix® Assessment 2025, illustrating Persistent's commitment to nurturing talent and sustaining high standards in cloud service solutions.

During Q2 FY26, the company recorded a total contract value (TCV) of $609.2 million, with an annual contract value (ACV) of $447.9 million. Noteworthy client wins include:

• - Cybersecurity Innovations: Driving a strategic pivot for a global infrastructure provider using SASVA™ for AI infrastructure solutions.
• - Healthcare Solutions: Enhancing communication and operational efficiency for a leading healthcare company through innovative digital transformations.

Leadership Changes and Future Outlook

In light of its leadership framework, even as the organization continues to grow, Jaideep Dhok has been elevated to the position of Chief Operating Officer – Technology. He is tasked with overseeing the company's delivery excellence and talent management strategies alongside driving operational efficiencies.

Commitment to Sustainability

Persistent Systems is not only focused on financial growth but also committed to sustainability. As confirmed, the company has achieved carbon neutrality, thereby reinforcing its pledge to ethical business practices. These efforts align with global standards as Persistent is also a member of the United Nations Global Compact and features in several key indices, such as the MSCI India Index.

In summary, Persistent Systems is demonstrating a formidable foothold within the tech landscape by aligning innovation, talent, and responsible practices. With plans for continued expansion and strategic execution, the company is poised for sustained success in the upcoming quarters. With an impressive brand growth of 468% since 2020, Persistent is a notable player in the global IT services sector. To learn more about Persistent Systems and their future initiatives, one can visit their official site at www.persistent.com.