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Persistent Systems Achieves $389.7 Million Revenue in Q1 FY26

Persistent Systems (BSE: 533179, NSE: PERSISTENT) announced its financial results for the first quarter of the fiscal year 2026, revealing a substantial revenue of $389.7 million. This figure reflects a remarkable year-over-year growth of 18.8%. The company also noted a 3.9% quarter-over-quarter increase, showcasing steady momentum despite challenging macroeconomic conditions.

Financial Highlights

Revenue Breakdown

For the quarter ended June 30, 2025, the financial metrics were compelling:

• - Revenue (in millions USD): 389.7
• - Quarterly Growth (%): 3.9%
• - Year-over-Year Growth (%): 18.8%

Simultaneously, the revenue in Indian Rupees stood at 33,335.9 million INR, signaling a growth trend that aligns closely with the company's strategic goals.

Operating Performance

Persistent also reported:

• - EBITDA (in millions INR): 5,178.1 with a year-over-year increase of 34.8%.
• - Net Income (in millions INR): The after-tax profit rose to 4,249.4 million INR, reflecting a remarkable 38.7% growth compared to the previous year.

These figures illustrate not only a solid growth trajectory but also the effectiveness of Persistent’s strategies centered on artificial intelligence and platform-led solutions.

Strategic Focus and Innovation

Sandeep Kalra, CEO of Persistent, emphasized the company's commitment to innovation. He noted, "We recorded our 21st consecutive quarter of revenue growth, emphasizing our client-centric approach and our capacity to deliver measurable results. Our innovation-driven execution continues to fuel our progress."

The integration of artificial intelligence into their service offerings has been pivotal, helping to streamline operations and enhance customer value.

Market Expansion

During Q1 FY26, Persistent's notable successes included:

• - Transitioning a multinational technology firm's on-premises data warehouse to an AI-driven solution, ensuring seamless migration and continuity for clients.
• - Partnering with a global software quality leader to leverage its proprietary SASVA™ platform, enhancing product development and existing offerings.
• - Modernizing a contact center insurance platform for a prominent player in network automation, addressing performance concerns and ensuring scalability.

In financial services, Persistent improved legacy debt issuance systems for a significant U.S.-based firm, which entails digitizing operations for better customer experience.

Leadership Changes and Upcoming Initiatives

The company also announced changes in its executive team, notably the departure of Yogesh Patgaonkar, the HR head, on July 31, 2025. Rajiv Naithani will step into the role following a planned succession, leveraging AI-driven talent management strategies.

Furthermore, Shimona Chadha joins as the global marketing director to enhance brand positioning and growth through integrated marketing initiatives.

Recognitions and Future Outlook

Persistent’s accolades include being recognized by ISG Provider Lens™ as a leader in digital engineering services and as a top IT services brand in Brand Finance’s India 100 report focusing on rapid growth. Furthermore, the company has committed to sustainable operations, achieving carbon neutrality.

As a member of the United Nations Global Compact, Persistent continues to align its business strategies with universal principles related to human rights, labor, and environmental stewardship.

Looking ahead, Persistent remains focused on delivering long-term growth for its stakeholders while maintaining its dedication to innovation and customer satisfaction.

With a workforce of over 25,000 across 18 countries, Persistent delivers comprehensive services, including software engineering and data analytics. The company is committed to enhancing its market position while fostering an inclusive and diverse work environment. For more information, visit Persistent.