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Persistent Systems Achieves $389.7 Million Revenue in Q1 FY26 with Strong Yearly Growth

Persistent Systems, a leading global services and solutions provider, has reported an impressive revenue of $389.7 million for the first quarter of the fiscal year 2026, ending June 30, 2025. This represents a significant year-over-year growth of 18.8%, as highlighted in the company’s audited financial results released on July 23, 2025. The announcement was made during the 35th Annual General Meeting, where the board approved all resolutions, including a final dividend payment of INR 15 per share.

Financial Highlights

The consolidated financial results show a 3.9% growth quarter-over-quarter, reflecting the company's consistent upward trajectory despite the challenging macroeconomic landscape. Persistent Systems reported a consolidated operating margin and a notable increase in profit after tax (PAT), which soared by 38.7% year-over-year, amounting to INR 4,249.4 million.

The highlights of the financial performance include:

• - Revenue: USD 389.7 million
• - Operating Margin: 3.9% quarter-over-quarter growth
• - Year-Over-Year Growth: 18.8%
• - Profit After Tax (PAT): INR 4,249.4 million with a growth of 38.7%

CEO Sandeep Kalra expressed his pride in the company’s performance, emphasizing their AI-led, platform-driven strategy that has proven effective in creating customer value and achieving measurable outcomes. He also noted that this marks the 21st consecutive quarter of revenue growth for the company.

Strategic Initiatives and Client Achievements

The first quarter of FY26 also saw Persistent Systems secure significant contracts worth $520.8 million in Total Contract Value (TCV) and $385.3 million in Annual Contract Value (ACV). The notable projects included:

• - Software and Hi-Tech: Transitioning legacy data warehouse systems to AI-driven solutions for a multinational tech giant, ensuring seamless migration for users.
• - Banking and Financial Services: Modernizing customer service platforms for a leading U.S. federal corporation and building an enterprise data platform for a global wealth management firm.
• - Healthcare and Life Sciences: Establishing a software Center of Excellence to enhance operational efficiency in a renowned life sciences organization.

These strategic wins underscore Persistent’s commitment to innovation and its capabilities in delivering value in competitive markets.

Leadership Changes

As part of its ongoing evolution, Persistent Systems will see some leadership changes in the coming months. Chief People Officer Yogesh Patgaonkar is set to retire on July 31, 2025, after significantly contributing to the company’s talent strategies. Rajiv Naithani, who joined the team earlier in 2025, will step into this role. Additionally, Shimona Chadha has been appointed Chief Marketing Officer, tasked with strengthening the company's global brand strategy.

Recognitions and Awards

Persistent Systems continues to earn recognition in various domains. Recently, it was named as a Leader in multiple reports, including the ISG Provider Lens™ for Digital Engineering Services and the Everest Group Talent Readiness for Next-Gen Application Services PEAK Matrix® Assessment. Furthermore, the company was recognized in Extel's Asia Executive Team Survey for outstanding investor relations and stakeholder trust, reflecting its firm commitment to excellence.

Conclusion

In conclusion, Persistent Systems’ financial results for Q1 FY26 reflect its strong operational performance and strategic focus on emerging technologies. The impressive revenue growth demonstrates the company's resilience and adaptability in an evolving market landscape. As Persistent continues to innovate and expand, it aims to deliver sustainable growth for its stakeholders and enhance its position as a leader in the digital transformation sector.

For more information about Persistent Systems, visit persistent.com