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Persistent Systems Reports Impressive Q1 FY26 Revenue Growth

Persistent Systems, a leading global provider of technology solutions, has announced its financial results for the first quarter of fiscal year 2026, which ended on June 30, 2025. The company achieved a revenue of $389.7 million, reflecting a significant increase of 18.8% compared to the same period last year. This growth highlights Persistent's continuous commitment to leveraging AI-driven strategies and delivering exceptional value to its clients.

Key Financial Highlights

In the latest financial report, Persistent showcased several notable metrics:

• - Quarter-over-Quarter Growth: The revenue increased by 3.9% from the previous quarter.
• - Earnings Before Interest and Taxes (EBIT) reached 5,178.1 million INR, marking a 15.5% improvement.
• - Net Profit After Tax (PAT) saw a remarkable rise of 38.7%, underlining the company’s financial robustness.

Persistent's CEO, Sandeep Kalra, attributed this impressive performance to the strength of their AI-oriented platform strategy, dedication to customer-centric innovations, and their ability to deliver measurable business outcomes even amidst challenging economic conditions.

Client Acquisition and Strategic Successes

During this quarter, Persistent secured a total contract value (TCV) of $520.8 million and an annual contract value (ACV) of $385.3 million. The firm achieved several critical milestones across industries, including:

Technology Sector

• - Upgrading an outdated local data warehouse to an AI-based solution for a multinational tech firm, ensuring seamless migration and continuity for end-users.
• - Collaborating with companies in the software sector to develop new offerings and enhance existing services through innovative use of SASVA™ and Agentic AI.

Banking and Financial Services

• - Enhancing customer experience by modernizing an obsolete bond issuance system for a leading U.S. entity, utilizing a scalable platform.
• - Increasing operational efficiencies with the development of a unified data platform for a top-tier global asset management entity.

Healthcare Sector

• - Establishing a software competency center aimed at optimizing processes for a life sciences company, enhancing their leadership position.
• - Implementing a portal to track serious adverse events for a clinical research firm, improving compliance and operational efficiency.

Leadership Changes

The report also announced significant leadership transitions:

• - Yogesh Patgaonkar, Chief People Officer, will depart from his role on July 31, 2025, after contributing immensely to Persistent’s talent agenda.
• - Rajiv Naithani, who joined the company earlier this year, will succeed him and continue fostering talent transformation aligned with the company's scalable growth strategy.
• - Shimona Chadha will step in as Chief Marketing Officer, tasked with evolving Persistent's global marketing approach.

Recognition and Awards

Persistent Systems’ achievements haven’t gone unnoticed. The company was recently recognized in various domains:

• - Named a leader in the ISG Provider Lens™ 2025 for digital engineering services.
• - Ranked among the fastest-growing IT service brands in the Brand Finance India 100 2025 report.
• - Acknowledged in the Extel survey for having a top Asia executive team in investor relations.

Persistent Systems continues to establish itself as a formidable player in the tech industry, with a commitment to sustainability and rankings that emphasize inclusion and diversity. The company remains focused on long-term value creation for all stakeholders while addressing the needs of an ever-changing marketplace.

For more information, visit their official website at www.persistent.com.