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Persistent Systems Achieves Major Revenue Milestone and Growth in FY26 Financial Results

Persistent Systems, a prominent global player in technology services, recently unveiled its financial performance for the fiscal year ending March 31, 2026. The company's audited results reflect a revenue of $1,654.4 million, marking a significant 17.4% year-over-year increase. Additionally, the firm reported an EBIT margin of 15.6%, indicative of efficient operational management despite economic challenges.

Financial Highlights

For FY26, here are some pertinent figures:

- Revenue in USD: $1,654.4 million (up from $1,409.1 million in FY25)
- Yearly Revenue Growth: 17.4%
- EBIT: INR 23,034.7 million (31.5% growth)
- PAT: INR 18,651.2 million, reflecting a remarkable 33.2% increase.

In comparison, the fourth quarter of FY26 alone saw a revenue of $436.0 million, demonstrating a 3.2% growth quarter-over-quarter and 16.2% increase year-over-year. The quarterly figures illustrate the company's sustained momentum, with achievements such as an order booking worth $600.8 million in Total Contract Value (TCV).

Strategic Outlook and Investments

Dr. Anand Deshpande, Founder and Chairman of the company, highlighted the long-term vision persistent systems has adopted. He stated, "Our approach has consistently been to build capabilities ahead of demand." Over the last 36 years, Persistent has been proactive in strengthening its engineering depth and foundations related to data, positioning itself favorably amidst the rising adoption of AI across various enterprises.

As the importance of AI and data-driven solutions rises, Persistent’s ongoing investments align well with an industry that increasingly prioritizes digital transformation. The CEO, Sandeep Kalra, added, "Our AI-first strategy is strengthening our operational model and enhancing the quality and scale of delivery...We are pleased to report a full-year dividend of INR 40 per share, indicating confidence in our continued growth trajectory."

Major Client Wins

Throughout Q4 FY26, Persistent Systems secured major contracts across various sectors, indicating a strong market position. Key wins included:

- Software and Hi-Tech: Transitioning an industrial technology leader towards software-led platforms, enhancing product lines and operations.
- Telecommunications: Partnering with a major U.S. telecom provider for cloud modernization initiatives across multiple data centers.
- Financial Services: Collaborating with a leading Nordic bank to modernize a payment platform, ensuring its compliance with regulatory standards.
- Healthcare: Engaging a molecular diagnostics firm for a multi-phase IT program enhancing its operational efficacy through managed IT services.

These case studies underline Persistent's adaptability and deep expertise in managing complex projects while maximizing client satisfaction.

Leadership Developments

As part of Persistent's commitment to excellence, new leadership roles were filled to drive strategic initiatives. Ruchi Kulhari joined as Executive Vice President of Enterprise Strategy and Execution, while Hari S. Abhyankar became the Executive Vice President and Global Head of Private Equity and Professional Services. Their appointments demonstrate the firm’s strategic focus on optimizing performance and expanding its market reach.

Recognition and Awards

Persistent Systems’ growth hasn’t gone unnoticed. The firm was recognized as the Fastest Growing IT Services Brand by Brand Finance in 2026 and was listed among Asia-Pacific's Top 10 Professional Services Companies in TIME's 2026 list. Such accolades reinforce the company's commitment to innovation and effectiveness in the technology domain.

In conclusion, Persistent Systems has not only achieved record revenues but has also set a strong foundational strategy moving forward. As they look to enhance their offerings with AI and digital solutions, the company looks poised to maintain its growth trajectory well into the future.