Persistent Systems Achieves Prestigious Growth Honor at Everest Group Elevate Honors 2025

Persistent Systems, a recognized leader in Digital Engineering and Enterprise Modernization, recently celebrated a significant milestone. On September 17, 2025, the company was awarded the 'Growth Honor of the Year' at the prestigious Everest Group Elevate Honors. This accolade highlights Persistent’s impressive journey of growth amidst a competitive landscape, reaffirming its status in the realm of global service providers with annual revenues ranging between $1 billion and $5 billion.

The accolade from Everest Group serves as a mark of distinction, showcasing Persistent’s remarkable consistency in revenue growth, which has remained strong over the preceding quarters. Since its initial public offering (IPO) in 2010, Persistent has reported an astounding 17.4% compound annual growth rate (CAGR) and a remarkable 25.6% CAGR over the past four years. As documented in their trailing twelve months (TTM) revenue report, as of Q1 FY26, Persistent registered $1,470.7 million. This sustained achievement underscores Persistent’s commitment to delivering long-term value to its stakeholders.

The Everest Group employs a thorough and independent evaluation process to identify honorees based on performance metrics and research. The honor is not just a recognition of revenue but also signifies the company’s solid financial results, emphasizing its differentiation and consistency among peers. With a sustained revenue growth streak witnessed over 21 sequential quarters, Persistent has adeptly navigated changing macroeconomic conditions, ensuring operational growth through innovative services.

One of the pillars of Persistent's growth strategy is its client-centric approach, characterized by a nuanced understanding of market dynamics and the capability to leverage emerging technologies effectively. Persistent has successfully expanded its service offerings through innovative platforms like SASVA™, iAURA, and GenAI Hub, which are crucial in delivering tangible results to clients. The company maintains a robust partner ecosystem and a talented global workforce dedicated to achieving meaningful outcomes and fostering stakeholder trust.

During the Elevate Honors ceremony held in Dallas, which brought together industry veterans and leaders influencing enterprise growth, Sandeep Kalra, the Chief Executive Officer and Executive Director of Persistent, expressed gratitude for the recognition. He noted that the award is a testament to the trust placed in them by clients and the dedication of their global team. Kalra emphasized the importance of their innovation mindset and discipline in executing their strategies, which are central to their ambitious goal of reaching $5 billion in revenue by FY31.

Likewise, Ronak Doshi, a partner at Everest Group, underscored the importance of the Elevate Honors program as a platform to celebrate excellence in performance. He reiterated that the rigorous selection process anchored in data-driven analysis serves as acknowledged validation of high performance.

Persistent Systems operates in a highly dynamic environment, where it continually aligns its strategies with stakeholder needs, underpinned by a commitment to sustainability and responsible business practices. The company, which boasts a talented workforce of over 25,000 across 18 countries, continues to innovate and provide comprehensive digital services, including software engineering, product development, cloud computing, and intelligent automation.

Recently, Persistent has gained recognition not only for its financial achievements but also for its corporate responsibility. This acknowledgment was further validated by its inclusion in the Dow Jones Sustainability World Index and recognition as one of America’s Greatest Workplaces for Inclusion and Diversity in 2025, as per Newsweek and the Plant A Insights Group.

The forward-looking strategies of Persistent Systems, embedded in a culture of continuous innovation and excellence, position the company for sustained growth in the tech services sector. As they advance towards their ambitious goals, their commitment to creating value and leading in the digital age remains unchallenged.

In conclusion, the recognition from the Everest Group showcases Persistent Systems’ exemplary performance amid evolving business conditions. With a mission to provide impactful technology solutions, Persistent is well on its path to achieving its targeted growth and setting new industry benchmarks.