Persistent Systems Ltd
NSE:PERSISTENT

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Persistent Systems Ltd
NSE:PERSISTENT
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Price: 6 261 INR -0.22%
Market Cap: 974.8B INR

Persistent Systems Ltd
Investor Relations

Persistent Systems Ltd. has carved a distinctive niche in the global technology landscape, evolving from a robust IT service provider to a formidable force in digital transformation. Originally founded in 1990, Persistent distinguished itself through a focus on software development and technology consulting, gradually expanding into specialized IT services. Its primary strength lies in crafting customized software solutions and providing strategic IT consulting services targeting industries like healthcare, banking, and telecommunications. They embrace a solution-driven approach, aiding enterprises in adopting cutting-edge technologies like cloud computing, artificial intelligence, and big data analytics. This commitment to technological innovation is evident in their collaborative partnerships with tech giants such as IBM, Salesforce, and Microsoft, further augmenting their market presence and enabling them to deliver value-added services.

The company’s revenue model is rooted in a dual strategy: providing bespoke services alongside recurring revenue streams from long-term contracts and licensing. Persistent Systems generates revenue by partnering with global clients to solve complex business problems through tailor-made software applications, thereby achieving enhanced operational efficacy for clients. Their value proposition is anchored in delivering technological scalability and agility, which in turn results in improved client satisfaction and retention. Additionally, by investing in research and development, they continually innovate their service offerings, ensuring they remain at the forefront of technology trends. Through an intimate understanding of rapidly evolving technology landscapes, Persistent Systems Ltd. thrives by transforming technological challenges into profitable opportunities for both themselves and their clients.

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PERSISTENT
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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Oct 14, 2025
AI Summary
Q2 2026

Strong Revenue Growth: Persistent reported Q2 FY26 revenue of $406.2 million, up 4.2% QoQ and 17.6% YoY, marking its 22nd consecutive quarter of growth.

Margin Improvement: EBIT margin reached 16.3%, a 230 basis point improvement YoY, with profit after tax margin at 13.2%.

Robust Deal Wins: Total contract value (TCV) was $609.2 million and annual contract value (ACV) $447.9 million, both supported by broad-based new and renewal business.

AI-Led Strategy: Significant progress on AI initiatives, including platform launches, new patents, partnerships, and client wins, driving both operational and customer transformation.

Positive Outlook: Management remains confident in future growth, with strong pipelines across BFSI, Hi-Tech, and Healthcare, and reiterated its aspiration to reach $2 billion revenue by FY27.

ESG and Recognition: Received multiple ESG awards and recognitions, as well as industry accolades for growth and talent development.

Wage Hikes Implemented: Merit-based increments rolled out globally effective October 2025, with anticipated margin impact to be offset by other operational levers.

Key Financials
Revenue
$406.2 million
Revenue (INR)
INR 35,807.2 million
Constant Currency Revenue Growth
4.4% QoQ
EBIT Margin
16.3%
Profit After Tax Margin
13.2%
EBIT (INR)
INR 5,837.4 million
Profit After Tax (INR)
INR 4,714.7 million
Earnings Per Share
INR 30.3
Return on Capital Employed (ex-cash)
45.5%
Total Cash and Investments
INR 24,957 million
Billed DSO
54 days
Unbilled DSO
21 days
Operating Cash Flow to PAT
114.3%
Forward Contracts Outstanding
$475 million (at INR 87.8 per USD)
Effective Tax Rate
23.5%
Order Book (Total Contract Value)
$609.2 million
Order Book (Annual Contract Value)
$447.9 million
New Bookings (TCV)
$350.8 million
New Bookings (ACV)
$254.4 million
Client Metrics: Top 5 Clients Revenue Growth
23.4% YoY
Client Metrics: Top 10 Clients Revenue Growth
22.4% YoY
Client Metrics: Top 20 Clients Revenue Growth
22.7% YoY
Client Metrics: Top 50 Clients Revenue Growth
21.4% YoY
Client Tier $75M+
4 clients
Client Tier $50M+
4 clients
Client Tier $20M+
12 clients
Client Tier $10M+
25 clients
Client Tier $5M+
56 clients
Client Tier $1M+
191 clients
North America Revenue Growth
15.4% YoY
Europe Revenue Growth
37.9% YoY
India Revenue Growth
19% YoY
Rest of World Revenue Growth
19.8% YoY
BFSI Vertical Growth
30% YoY
Software/Hi-Tech and Emerging Industries Growth
15.5% YoY
Healthcare/Life Sciences Growth
6.6% YoY
Headcount
26,224
Trailing 12 Months Attrition
13.8%
Utilization
88.2%
Earnings Call Recording
Other Earnings Calls

Management

Dr. Anand Suresh Deshpande Ph.D.
Founder, Chairman & MD
No Bio Available
Mr. Sandeep Kumar Kalra
CEO & Executive Director
No Bio Available
Mr. Amit Murari Atre
Company Secretary & Compliance Officer
No Bio Available
Mr. Sunil Sapre
Executive Director
No Bio Available
Mr. Vinit Ajit Teredesai
Chief Financial Officer
No Bio Available
Ms. Dhanashree Ajit Bhat
Chief Operating Officer
No Bio Available
Sachin Dewasthalee
Group Head of Corporate Finance
No Bio Available
Dr. Pandurang Kamat
Chief Technology Officer
No Bio Available
Mr. Debashis Singh
Chief Information Officer
No Bio Available
Mr. Jayant Konde
Chief Administrative Officer
No Bio Available

Contacts

Address
MAHARASHTRA
Pune
402 E, Bhageerath, Senapati Bapat Road, Shivajinagar
Contacts
+912067030000
www.persistent.com