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Persistent Systems Achieves Strong Financial Performance in Q2 FY27

Persistent Systems (BSE: 533179, NSE: PERSISTENT) recently unveiled its audited financial results for the second quarter of the fiscal year 2027, concluding on September 30, 2026. The company reported a remarkable revenue of $487.6 million, showcasing a robust year-over-year growth of 20%. This performance marks the 26th consecutive quarter of growth for Persistent, further establishing its position in the market.

Financial Highlights

The financial highlights from the audit reveal impressive metrics:

• - Quarterly Revenue: $487.6 million, marking a 7.8% increase from the previous quarter.
• - Year-on-Year Growth: 20%, reflecting Persistent's ability to thrive amid a competitive landscape.
• - EBIT Margin: Maintained at 15%, demonstrating the company's operational efficiency.

Sandeep Kalra, the CEO and Executive Director of Persistent Systems, expressed his satisfaction with these results, emphasizing the continuous growth momentum. He noted that the company is not only performing well financially but is also making significant strides in its strategic acquisition of Nagarro, managing to capture approximately 94.04% of Nagarro’s outstanding shares.

Strategic Acquisitions and Future Growth

The acquisition of Nagarro is part of Persistent’s long-term strategy to enhance its engineering capabilities and expand its geographical footprint. The company has received shareholder approval for a funding round of up to $450 million, aiming to bolster its equity and debt to a total of $1.25 billion during an extraordinary general meeting. This acquisition is anticipated to enrich Persistent's service offerings, particularly in areas emphasizing artificial intelligence (AI) and cloud computing.

As part of its ongoing initiatives, Persistent is advancing its AI capabilities with its proprietary 3C framework and AI-driven platforms. The goal is to create comprehensive business contexts within their clients' environments, which evolve and gain value through successive mission cycles.

Client Successes in Q2 FY27

In the quarter ending September 30, 2026, Persistent secured significant client contracts totaling $633.5 million in total contract value (TCV) and $481 million in annual contract value (ACV). Noteworthy accomplishments in various sectors include:

• - Software and High-Tech Industries: Accelerated modernization of legacy systems through AI-driven ecosystems for a leading hyperscaler, transforming platforms across industries.
• - Banking and Financial Services: Migrated an existing insurance policy management system to a cloud-native insurance platform for a Fortune 500 insurer, enhancing pricing capabilities and operational agility.
• - Healthcare: Unified fragmented IT operations for a prominent cancer center in the U.S., optimizing costs and enhancing accountability.

Persistent continues to receive accolades, winning five awards at the ISG Provider Lens™ Awards 2026 and being recognized as one of the best workplaces in technology by Newsweek in 2026.

Commitment to Sustainability and Innovation

Persistent Systems is dedicated to sustainable practices, having achieved carbon neutrality and participating in the UN Global Compact. With its continuous growth of 22% in brand value year-on-year, the company is recognized as one of the fastest-growing IT services brands globally, according to the Brand Finance IT Services 25 report of 2026.

In conclusion, Persistent Systems not only showcases robust financial performance but also exemplifies commitment to innovation and responsible business practices. The company looks forward to leveraging its growth trajectory as it embarks on significant new phases of development in the technology landscape.

For more information, visit Persistent Systems.