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Persistent Systems Shows Strong Financial Performance in Q2 FY26

Persistent Systems (BSE: 533179, NSE: PERSISTENT) has marked a significant milestone by reporting a revenue of $406.2 million for the second quarter of the fiscal year 2026, reflecting an impressive year-over-year growth rate of 17.6%. This announcement comes as the company strives to enhance its position in the digital engineering and modernization solutions market.

Financial Highlights

For the quarter ending on September 30, 2025, Persistent experienced a quarter-over-quarter growth of 4.2%, indicating a steady upward trajectory. The revenue growth was complemented by an EBIT margin of 16.3%, showcasing improved operational efficiency, and an overall EBIT of INR 5,837.4 million. Additionally, the company reported a profit before tax of INR 6,168.3 million with a substantial increase of 42% compared to the previous year.

CEO Sandeep Kalra expressed pride in the company's continued success, stating, “This performance exemplifies our commitment to impactful transformation and excellence in execution,” attributing the growth to the ongoing trust and support from their diverse customer base.

Persistent’s strong financial results are a testament to its well-structured AI strategy, which is designed to support enterprise-level transformations while driving hyper-productivity in tech and business operations. The firm has also been recognized by the Everest Group as the “Growth Honor of the Year,” indicating its significant contributions to the industry.

Customer Engagement and Successes

For the quarter, Persistent secured a total contract value (TCV) of $609.2 million and an annual contract value (ACV) of $447.9 million. The company's strategic alignment has resulted in successful partnerships across various sectors:

• - Software and High-Tech: Persistent has accelerated its market approach by leveraging its SASVA™ AI infrastructure platform for a rapidly expanding global infrastructure provider.
• - Banking and Financial Services: The company transformed tax and accounting software for a major fintech platform, ultimately enhancing customer experiences and enabling business growth.
• - Healthcare & Life Sciences: Persistent has engaged with numerous commercial healthcare clients to modernize their digital presence and improve patient care experiences.

These partnerships highlight the company's commitment to delivering innovative solutions that significantly enhance customer capabilities and experiences.

Leadership Changes

In a notable leadership shift, Jaideep Dhok has been appointed as Chief Operating Officer – Technology, assuming responsibilities for delivery excellence and partnerships while continuing to oversee the APAC region.

Awards and Recognition

Persistent’s dedication to excellence is reflected in numerous accolades, including recognition as one of the best American employers in technology for 2025 by Newsweek. The firm has also been awarded the Brandon Hall Gold Award for its competency management strategy. Their recent establishment of the XT Studio signifies their efforts to scale AI-driven immersive experiences.

About Persistent Systems

Founded as a global services and solutions provider, Persistent Systems focuses on AI-driven and platform-based digital engineering, providing a wide array of services that encompass software development, data analytics, cloud computing, and intelligent automation. With over 26,000 employees across 18 countries, Persistent emphasizes innovation and customer success. The company is part of the MSCI India Index and has achieved climate neutrality, reaffirming its commitment to sustainability.

For more information on Persistent Systems and their offerings, visit www.persistent.com.