Persistent Systems Reports Impressive Revenue Growth of $389.7 Million in Q1 FY26
In a significant display of robust financial health, Persistent Systems (BSE: 533179) (NSE: PERSISTENT) announced its audited financial results for the first quarter of fiscal year 2026, concluding on June 30, 2025. The company reported a revenue of $389.7 million, marking an impressive year-over-year growth of 18.8%.
The key metrics from the report highlighted the company's ability to navigate and thrive in a challenging economic panorama:
Persistent’s Chief Executive Officer, Sandeep Kalra, praised the results, attributing the company’s 21st consecutive quarter of revenue growth to its AI-led and platform-driven strategy. He emphasized their commitment to creating tangible value for customers while delivering measurable outcomes.
The quarter also saw substantial engagements with major clients across various sectors, reflecting Persistent's innovative approach:
1. For the Hi-Tech industry, Persistent optimized legacy systems with advanced AI-driven solutions, enhancing data management for a multinational technology client.
2. In the Banking and Financial Services sector, the company improved customer experiences by modernizing systems, allowing for efficient management in a leading federal corporation.
3. In Healthcare, Persistent established a software Center of Excellence aimed at streamlining operations for a prominent life sciences client.
Persistent is also undergoing notable changes in its leadership. As of July 31, 2025, Chief People Officer Yogesh Patgaonkar will retire, transitioning responsibilities to Rajiv Naithani. Naithani, who joined Persistent earlier this year, aims to enhance talent transformation within the company, further solidifying Persistent's position in the digital landscape.
Adding to this, Shimona Chadha has been appointed as the new Chief Marketing Officer, tasked with enhancing the company’s global marketing strategy and business growth.
Persistent Systems has not only reported exceptional financial figures but has also received accolades within the industry:
Kalra's optimistic perspective on Persistent’s trajectory remains steadfast. As the company embraces new challenges and opportunities, its innovations in digital engineering and enterprise modernization continue to position it favorably within the industry.
Overall, Persistent Systems' first quarter results reflect a committed approach towards leveraging technology and fostering growth in a dynamic environment. With a strong focus on long-term stakeholder value and corporate responsibility, the future looks promising for Persistent Systems as it navigates through the complexities of the modern technological landscape.
Financial Highlights
The key metrics from the report highlighted the company's ability to navigate and thrive in a challenging economic panorama:
- - Revenue: $389.7 million (3.9% QoQ growth, 18.8% YoY growth)
- - PAT (Profit After Tax): ₹4,249.4 million (up 38.7% YoY)
- - EBIT: ₹5,178.1 million (up 34.8% YoY)
- - Order Bookings for the quarter totaled $520.8 million, showcasing substantial contract value.
Persistent’s Chief Executive Officer, Sandeep Kalra, praised the results, attributing the company’s 21st consecutive quarter of revenue growth to its AI-led and platform-driven strategy. He emphasized their commitment to creating tangible value for customers while delivering measurable outcomes.
Client Engagements
The quarter also saw substantial engagements with major clients across various sectors, reflecting Persistent's innovative approach:
1. For the Hi-Tech industry, Persistent optimized legacy systems with advanced AI-driven solutions, enhancing data management for a multinational technology client.
2. In the Banking and Financial Services sector, the company improved customer experiences by modernizing systems, allowing for efficient management in a leading federal corporation.
3. In Healthcare, Persistent established a software Center of Excellence aimed at streamlining operations for a prominent life sciences client.
Leadership Transition
Persistent is also undergoing notable changes in its leadership. As of July 31, 2025, Chief People Officer Yogesh Patgaonkar will retire, transitioning responsibilities to Rajiv Naithani. Naithani, who joined Persistent earlier this year, aims to enhance talent transformation within the company, further solidifying Persistent's position in the digital landscape.
Adding to this, Shimona Chadha has been appointed as the new Chief Marketing Officer, tasked with enhancing the company’s global marketing strategy and business growth.
Accolades and Recognition
Persistent Systems has not only reported exceptional financial figures but has also received accolades within the industry:
- - Recognized as the fastest-growing IT services brand in the Brand Finance India 100 2025 Report
- - Ranked high in the Extel's Asia Executive Team Survey for the second consecutive year
- - Honored as a Leader in the ISG Provider Lens™ 2025 for Digital Engineering Services
Future Growth
Kalra's optimistic perspective on Persistent’s trajectory remains steadfast. As the company embraces new challenges and opportunities, its innovations in digital engineering and enterprise modernization continue to position it favorably within the industry.
Overall, Persistent Systems' first quarter results reflect a committed approach towards leveraging technology and fostering growth in a dynamic environment. With a strong focus on long-term stakeholder value and corporate responsibility, the future looks promising for Persistent Systems as it navigates through the complexities of the modern technological landscape.
Topics General Business）
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