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Persistent Systems Achieves Impressive Revenue Growth

Persistent Systems, a leader in IT services, has announced an impressive revenue of $1,654.4 million for the fiscal year 2026, showcasing a 17.4% growth compared to the previous year. This growth trajectory not only highlights the company’s resilience but also underscores its strategic investments in artificial intelligence and digital transformation, which are increasingly resonating within the industry.

In a detailed financial report released on April 21, 2026, Persistent Systems revealed that its EBIT margin stood at 15.6%, indicating effective management of operational costs alongside robust revenue generation. This consistent upward trend has marked the company’s 24th consecutive quarter of revenue growth, positioning it as a formidable player in the competitive tech landscape.

Fourth Quarter Financial Insights

The company also reported a fourth-quarter revenue of $436 million, reflecting a 3.2% increase over the previous quarter. Year-over-year, this quarter saw a 16.2% rise in revenue, further establishing Persistent's strong market presence. The confluence of innovation and strategic execution has resulted in a robust performance, with annual profit figures looking exceptionally promising.

Dividends and Future Plans

The board of directors has recommended an annual dividend of 40 rupees per share for the fiscal year 2026, an increase from 35 rupees in the previous year. This dividend reflects Persistent’s commitment to enhancing shareholder value while continuing to invest in its growth initiatives.

Leadership Perspectives

Anand Deshpande, the founder and CEO of Persistent, stated, "Our approach has always revolved around building capabilities ahead of demand. Over the past 36 years, we have invested heavily in strengthening our technical expertise and data infrastructure, which find increasing applications as AI adoption accelerates in businesses. These investments enable us to foster better client relationships and play a critical role as businesses reshape operations in the AI era."

Echoing this sentiment, Sandeep Kalra, the managing director, remarked on the significant demand for AI-resilient capabilities in ensuring operational efficiency and business continuity. He emphasized that the consistency in performance demonstrated their focus on customer needs in a rapidly evolving market.

New Customer Engagements

During the fourth quarter, Persistent secured contracts totaling $600.8 million in total contract value (TCV), with annual contract value (ACV) amounting to $445.1 million. Notable achievements include:

• - Transitioning hardware-focused products to software-centric platforms for a leading global industrial technology firm, which involved comprehensive engineering outsourcing.
• - Facilitating cloud modernization for a major U.S. telecommunications operator, enhancing their operational capabilities through secure workload migrations and compliance management.
• - Advancing an AI-driven social intelligence platform for a global leader in mission-critical risk analytics.

Sector-Specific Developments

Persistent has made strides across various industries, including healthcare, banking, and life sciences. Key initiatives included developing a flagship enterprise platform for tax software and modernizing payment gateways for a leading Nordic bank, showcasing its versatility and capability to adapt to different sector needs.
In healthcare, Persistent orchestrated a phased program improving operational management for a major molecular diagnostics company, demonstrating their commitment to using technology to enhance outcomes in vital sectors like healthcare.

Recognition and Awards

Persistent's growth trajectory has not gone unnoticed. It has been recognized as the world’s fastest-growing IT services brand by Brand Finance in 2026. Furthermore, it ranks among the top ten professional services firms in the Asia-Pacific region, reinforcing its status as a recognized leader.

With the continued focus on AI and cloud-based solutions, Persistent Systems stands poised for further growth and innovation. The company's commitment to sustainability is also evident as it drives initiatives toward carbon neutrality, aligning with global sustainability goals.

In conclusion, as Persistent Systems celebrates these financial milestones, it also reinforces its vision of leading the digital transformation space through strategic investments, adaptation to market dynamics, and unwavering commitment to client success.