#India #Everest Group #Persistent Systems #Pune #Growth Honor

Persistent Systems' Landmark Achievement: Growth Honor of the Year

Persistent Systems, a prominent player in the field of Digital Engineering and enterprise modernization, has recently garnered significant recognition at the Everest Group Elevate Honors 2025. The Everest Group presented the prestigious 'Growth Honor of the Year' award to Persistent, acknowledging its sustained success and strategic growth in a highly competitive global market.

Celebrating Breakthrough Performance

On September 17, 2025, the Everest Group honored Persistent Systems for its exceptional financial performance. This award stands as a testament to the company's consistent organic revenue growth and its commitment to generating long-term value for all stakeholders involved. Notably, Persistent achieved significant milestones, posting continuous revenue growth over 21 consecutive quarters, reflecting a robust and strategic business model.

Persistent's twelve-month trailing revenue reached $1,470.7 million by the end of the first quarter of FY 2026, showcasing an impressive average annual growth rate (CAGR) of 25.6% over the last four years, from FY21 to FY25. Since its IPO in 2010, the company has also managed to achieve a CAGR of 17.4%. Furthermore, their shareholder returns over the past five years have soared to an incredible 1805.2%, underscoring the company’s capability in delivering exceptional value to its investors.

The Elevate Honors are determined via in-depth, independent research by the Everest Group, which assesses companies based on their performance and distinctiveness within the marketplace. According to Ronak Doshi, a Partner at the Everest Group, Persistent Systems' accolade as 'Growth Honor of the Year' reflects its outstanding performance metrics and dedication to excellence.

Innovative Strategies and Customer-Centric Approach

Persistent Systems attributes its remarkable growth trajectory to its customer-centric approach, profound market insights, and ability to leverage emerging technologies effectively. Despite facing dynamic macroeconomic challenges, the company has successfully expanded its footprint through a platform-driven, AI-focused service strategy. This includes differentiated offerings like SASVA™, iAURA, and the GenAI Hub, enabling Persistent to deliver tangible results.

Sandeep Kalra, the CEO and Managing Director of Persistent, emphasized the team's dedication to innovation, stating, "This recognition underscores our customer trust, the enthusiasm of our global team, and the strength of our partnerships. Our disciplined execution, coupled with an innovative mindset, has propelled our growth and enabled us to generate measurable outcomes for our customers."

The Elevate event held in Dallas in September 2025 brought together industry leaders dedicated to driving their companies' growth while focusing on revenue enhancement, strategy development, and customer impact.

Persistent Systems: A Global Leader

Founded with an aim to provide cutting-edge technology solutions, Persistent Systems has emerged as a leader in delivering AI-driven, platform-based digital engineering and modernization services across different industries. With over 25,000 employees across 18 countries, the company has firmly committed itself to fostering innovation and ensuring the success of its clients.

Persistent offers a comprehensive suite of services including software development, product engineering, data analytics, CX transformation, cloud computing, and intelligent automation. Their consistent performance has placed them among the prestigious MSCI India Index and other critical indices within the National Stock Exchange of India – including the Nifty Midcap 50 and Nifty IT. The recognition further solidifies their commitment to sustainability, as the company has achieved carbon neutrality and was listed in the Dow Jones Sustainability World Index.

In the latest Brand Finance India 100 report for 2025, Persistent was acknowledged as the fastest-growing IT services brand, witnessing a staggering 468% growth in brand value since 2020.

Conclusion

This recent acknowledgment by the Everest Group not only highlights Persistent Systems' formidable growth and adaptability in the challenging technology landscape, but also serves as an inspiration for other organizations aiming to achieve similar excellence. With ongoing innovations and strategic initiatives, Persistent continues to pave the way for future success and is well-poised to achieve its ambition of becoming a $5 billion company by FY31.