#USA #Santa Clara #Persistent Systems #Financial Growth #Sandeep Kalra

Persistent Systems Reports Impressive Q3 FY26 Results

Persistent Systems has unveiled its financial performance for Q3 FY26, reporting a robust revenue of $422.5 million, marking a 17.3% increase year-on-year. This marks the company's 23rd consecutive quarter of revenue growth, signifying a strong ongoing momentum within its operations.

Financial Highlights

The consolidated financial highlights reveal several key metrics that demonstrate Persistent's steady performance:

• - Revenue: $422.5 million, with a 4.0% quarter-on-quarter increase.
• - EBIT Margin: Reaching 16.7%, though this excludes a one-time impact related to New Labour Codes.
• - Annual Contract Value (ACV) for the quarter was reported at $501.9 million, while a Total Contract Value (TCV) of $674.5 million was booked.

The company's financial standing reassures investors with the declaration of an interim dividend of ₹22 per share for the fiscal year 2025-2026, underlining its commitment to delivering value to shareholders.

CEO's Insights

Sandeep Kalra, the CEO of Persistent Systems, emphasized the company’s pivotal involvement in strategic client programs and highlighted a sustained demand across sectors like data, cloud computing, and digital engineering. He stated, "Our ongoing growth is reflective of deepening relationships with our clients and continually enhancing our services."

The integration of Agentic AI into the company’s operations exemplifies its strategy to leverage cutting-edge technology to enhance productivity and efficiency.

Client Outcomes and Strategic Wins

In terms of client engagements, Persistent Systems secured significant contracts across various industries, showcasing its versatility:

• - Software & Hi-Tech: Collaborating with a leader in manufacturing to scale an AI-driven digital commerce product.
• - Banking & Financial Services: Re-architecting payroll systems for a global fintech firm, enhancing scalability and innovation.
• - Healthcare: Modernizing IT infrastructure for a prominent U.S. pathology organization, emphasizing automation and real-time support.

These accomplishments not only foster innovation but also signify a strategic alignment with industry leaders, heralding a transformative approach to digital solutions.

Recognition and Awards

In addition to its financial performance, Persistent Systems received several accolades and recognitions:

• - Named among the Most Valuable Indian Brands by Kantar BrandZ, ranking sixth in the Business Technology and Services category.
• - Sandeep Kalra and Dr. Anand Deshpande, founder and chairperson, were celebrated as India's Best CEOs in the IT Services sector by Fortune India for 2025.
• - Persistent was recognized as a Frontier Firm by Microsoft for its role in driving innovation.

Such recognitions not only highlight the company’s growth but solidify its standing in the competitive landscape of digital technologies.

Commitment to Sustainability and Workplace Diversity

Persistent is dedicated to sustainable practices and has achieved carbon neutrality, emphasizing its commitment to responsible business. The company has also been acknowledged as one of America's Greatest Workplaces for Inclusion & Diversity 2025.

As a participant in the United Nations Global Compact, Persistent is focused on aligning its strategies with universal principles encompassing human rights, labor, and environmental sustainability.

Conclusion

The outlook remains promising as Persistent Systems gears up for ongoing growth driven by strategic innovation and robust client engagements. The company is well-positioned to navigate the complexities of the evolving tech landscape, continuing to deliver significant value to its stakeholders and clients.

For more information about Persistent Systems, visit Persistent’s website.