#India #Persistent Systems #Pune #Financial Growth #Q3 FY26

Persistent Systems Achieves Significant Revenue Growth in Q3 FY26

Persistent Systems (BSE: 533179) (NSE: PERSISTENT) has proudly announced its audited financial results for the quarter that concluded on December 31, 2025. The firm realized a remarkable revenue of $422.5 million, marking a year-on-year growth of 17.3%. This achievement resonates with the company’s strategic focus on enhancing its operational capacities and responding to market demands.

Financial Performance Overview

The results highlight several key metrics:

• - Quarter-over-Quarter Growth: 4.0%
• - Year-over-Year Growth: 17.3%
• - EBIT: ₹6,317.8 million excluding the impact of newly implemented labor codes, marking a significant 16.7% EBIT margin. When factoring in the new labor codes, EBIT reaches ₹5,427.5 million, showing a slight decline in year-over-year performance.
• - PAT: The profit after tax stood at ₹4,394.5 million, reflecting a decrease of 6.8% year-on-year but still demonstrating a healthy growth of 17.8% if we look at the previous quarters.

During this quarter, the Board of Directors also declared an interim dividend of ₹22 per share, a decision that underscores the firm’s commitment to shareholder returns amid expansion.

Market Position and Strategic Growth Initiatives

Sandeep Kalra, the CEO of Persistent, expressed pride in the company's performance, emphasizing that this marks the 23rd consecutive quarter of revenue growth. The implementation of strategies to leverage the demand for data, cloud solutions, and digital engineering has been pivotal in gaining traction in core industries.

The firm’s recognition among India's Most Valuable Brands by Kantar BrandZ attests to its growing reputation and a solid foothold in the competitive tech landscape. Persistent aims to sustain its growth momentum through consistent execution and by aligning more complex offerings with evolving client needs in industries like banking, insurance, and life sciences.

Noteworthy Wins and Client Engagements

In terms of operational highlights, the total contract value (TCV) booked for the quarter was $674.5 million, with an annual contract value (ACV) of $501.9 million. Some significant projects include:

• - In Software and Hi-Tech: Collaborating on AI-driven digital commerce solutions and cloud-native ERP implementations for leading organizations.
• - In Banking and Financial Services: Redesigning payroll and HCM systems for a renowned fintech and enhancing data operations for a major French bank to ensure compliance and efficiency.
• - In Healthcare and Life Sciences: Automating operations for a U.S.-based pathology leader while enhancing IT infrastructure resilience.

Awards and Recognition

Throughout this quarter, Persistent not only showcased impressive growth but also gained accolades such as:

• - Being named one of the Most Valuable Indian Brands by Kantar BrandZ.
• - Recognitions for its leadership by Fortune India as Best CEOs in IT Services.
• - Winning the 2025 ISG Star of Excellence Award for excellence in AI and data solutions.

Conclusion

Persistent Systems is demonstrating a robust growth trajectory and strategic foresight in an increasingly dynamic market landscape. With its commitment to innovation and client success, the company is well-positioned to harness future opportunities while continuing to deliver value to shareholders and clients alike.

About Persistent Systems

Founded in 1990, Persistent Systems is a global player in digital engineering and enterprise modernization. With a dedicated workforce of over 26,500 across 18 countries, it focuses on delivering innovative and tailored technology solutions. Importantly, the firm has committed to sustainable practices, being recognized as carbon-neutral and a participant of the United Nations Global Compact.

For more detailed information, visit www.persistent.com.