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Persistent Systems Receives 'Growth of the Year' at Everest Group Elevate Honors 2025

In a remarkable achievement, Persistent Systems, recognized globally as a leader in digital engineering and enterprise modernization, has garnered the prestigious Growth of the Year award at the Everest Group Elevate Honors 2025. This accolade acknowledges companies with annual revenues between 1 and 5 billion dollars, emphasizing Persistent’s impressive growth trajectory and its commitment to generating long-term value for all stakeholders.

This recognition not only celebrates the organic revenue increase that Persistent achieved at constant currency, which has surpassed that of publicly listed global service providers, but it also highlights the firm’s steadfast client-centric approach and extensive understanding of market dynamics. The evaluation for the Elevate Honors is grounded in rigorous research conducted by the Everest Group, led by analysts who assess performance-based metrics, ensuring a fair judging process that emphasizes both differentiation and consistent financial outcomes. Persistent has accomplished 21 consecutive quarters of revenue growth, underlining the sustained momentum behind this honor.

In its latest financial disclosure, Persistent reported $1.47 billion in revenue for the twelve months leading up to the first quarter of fiscal year 2026, achieving an annual growth rate of 25.6% over four years (from fiscal year 2021 to fiscal year 2025) and a 17.4% CAGR since going public in 2010. Additionally, with a staggering 1,805.2% return for shareholders over a five-year span, Persistent has exemplified outstanding value creation for its investors.

Driving its growth, Persistent has leveraged emerging technologies and a robust ecosystem of partners while fostering a premier global talent pool to deliver measurable business outcomes that resonate with stakeholders. The firm’s innovative AI-driven services strategy, alongside platform-based offerings such as SASVA™, iAURA, and GenAI Hub, have allowed Persistent to continue expansion amidst dynamic macroeconomic conditions.

This significant accolade was announced during the Everest Group Elevate - Dallas 2025 event, a gathering spotlighting industry leaders focused on driving revenue growth, strategic development, and large-scale client impact.

Sandeep Kalra, the CEO and Executive Director of Persistent, expressed gratitude, stating, “We thank the Everest Group for this honor, which reinforces our clients’ trust, our global team’s passion, and the strength of our partnerships. Our execution discipline and innovative spirit, paired with our focus on an AI-driven, platform-based service strategy, have fueled our growth and enabled us to deliver tangible results for our clients. As we aim to reach $5 billion in revenue by fiscal year 2031, we remain committed to accelerating this momentum and setting new benchmarks in growth and performance.”

Adding further insights, Ronak Doshi, Partner at the Everest Group, noted, “We are proud to launch the Everest Group Elevate Honors program at the Elevate conference in Dallas, September 2025. The Elevate Honors awards are based on factual research conducted independently by the Everest Group’s analysts. Awardees are selected through objective, data-driven analysis that acts as a third-party validation of high performance and excellence. We congratulate Persistent Systems on its Growth of the Year award.”

About Persistent

Persistent Systems (BSE: 533179 and NSE: PERSISTENT) is a global services and solutions company that provides AI-driven digital engineering and enterprise modernization services across various sectors. With over 25,000 employees operating in 18 countries, the company is dedicated to innovation and customer satisfaction. Persistent offers a comprehensive suite of services, including software engineering, product development, data analytics, customer experience transformation, cloud computing, and intelligent automation. As a prominent entity in the MSCI India index, and included in key indices of the National Stock Exchange of India and Bombay Stock Exchange, Persistent has achieved carbon neutrality and is recognized for its commitment to responsible business practices. In 2025, it was designated as one of America’s best workplaces for inclusion and diversity by Newsweek and Plant A Insights Group. As a signatory of the UN Global Compact, Persistent aligns its strategies and operations with universal principles concerning human rights, labor, environment, and anti-corruption efforts, continuously striving to contribute positively to society. Persistent’s remarkable growth of 468%** in value since 2020 positions it as a leading IT services brand in the India 100 2025* report by Brand Finance.

For more information, visit www.persistent.com.