Persistent Reports Strong Annual Revenue Growth with Solid EBIT Margin for 2026

Persistent Systems Reports Impressive Financial Results for FY2026

On April 22, 2026, Persistent Systems announced their audited financial performance for the fiscal year ending March 31, 2026, reporting total revenue of $1,654.4 million. This figure marks a remarkable growth of 17.4% compared to the previous year, reflecting the company’s solid operational strategies and strong demand for its services across various sectors.

The company’s EBIT margin for the fiscal year was recorded at 15.6%, showcasing efficient cost management and operational excellence. The fourth quarter alone generated $436 million, a quarterly increase of 3.2% and a year-over-year growth of 16.2%. Persistent’s growth trajectory has been consistent, marking the fourth consecutive quarter with a year-over-year revenue increase, aligning with their commitment to meet evolving market demands.

Dr. Anand Deshpande, the founder and managing director, highlighted that Persistent continues to build its technical capabilities ahead of demand, which has significantly contributed to deepening customer relationships. The firm has been making substantial investments in data infrastructure and technical expertise, especially pertinent as AI adoption accelerates in various industries.

Underlining this momentum, Sandeep Kalra, President and CEO, stated, “Our AI-first strategy solidifies our business model, enhancing the quality and scope of our offerings across the board.” This strategic approach has evidently resonated within the marketplace, leading to recognition from Brand Finance as the fastest growing IT services brand globally in 2026.

The company also declared a total annual dividend of 40 Indian Rupees per share, building on their prior year's dividend of 35 Rupees per share. This decision reflects Persistent's strong financial position and commitment to returning value to shareholders.

Key Highlights

During this fiscal period, Persistent secured contracts worth $600.8 million as Total Contract Value (TCV) and $445.1 million as Annual Contract Value (ACV), indicating robust demand for its services across sectors such as software and high technology, banking, finance, and healthcare.

Notable Achievements

1. Transformation in Software and High-Tech Industries: Persistent has effectively transitioned clients from hardware-centric products to software-driven platforms, enabling significant operational efficiencies.
2. Financial Sector Innovations: The company has revitalized a major Nordic bank's payment platform, enhancing transaction processes and regulatory compliance.
3. Healthcare Sector Enhancements: Persistent is driving various transformative and efficiency-boosting projects in molecular diagnostics and health management.

Leadership Changes

Persistent has also made strides in its leadership team, appointing Ruchi Kulhari as Executive Vice President of Enterprise Strategy Execution and Hari S. Abhyankar as Executive Vice President and Global Head of Private Equity and Professional Services. These appointments are set to advance the company’s strategic initiatives further.

Recognition & Sustainability Efforts

Persistent’s accomplishments have earned it spots on the coveted lists such as TIME’s Top 10 Service Companies in the Asia-Pacific region, and recognized for its sustainability efforts by being included in the Dow Jones Sustainability World Index. The firm is also committed to various global initiatives, aligning its operations with the United Nations Global Compact, focusing on human rights, environmental protection, and anti-corruption measures.

In closing, Persistent Systems continues to adapt and thrive in the rapidly evolving tech landscape, leveraging its AI-driven options and maintaining rigorous standards of operational excellence to meet the challenges posed by today's market. The company’s dedication to innovation and sustainability underscores its position as a leader in the global IT service sector.