Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration . It also has partnership with providers such as Salesforce and AWS. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
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Total Revenue: ₹3,333.6 crores, up 21.8% YoY (Q1 FY25: ₹2,737.2 crores) and 2.8% QoQ (Q4 FY25: ₹3,248.2 crores).
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EBIT: ₹517.8 crores, up 34.8% YoY (Q1 FY25: ₹384.3 crores) and up 2.5% QoQ (Q4 FY25: ₹505.6 crores); EBIT margin 15.5%.
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Profit Before Tax (PBT): ₹555.4 crores, up 38.7% YoY and 9.9% QoQ.
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Profit After Tax (PAT): ₹424.94 crores, up 38.7% YoY (Q1 FY25: ₹306.4 crores), up 7.4% QoQ (Q4 FY25: ₹396 crores).
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PAT Margin: 12.7%.
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Total Contract Value (TCV): $520.8 million for Q1; Annual Contract Value (ACV): $385.3 million.
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Vertical Growth: BFSI: 30.7% YoY, Software & Hi-tech: 14.1%, Healthcare & Life Sciences: 12.4%.
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Headcount: Expanded by 746 employees sequentially; annual wage hikes postponed by a quarter.
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Dividend: ₹15 per share approved in AGM in July 2025.
Key Management Commentary & Strategic Highlights
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CEO Sandeep Kalra and Founder Anand Deshpande highlighted 21 consecutive quarters of double-digit YoY growth, strong execution in AI-led digital transformation, and Persistent’s leadership in platform-driven industrial solutions.
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The launch of SASVA 3.0 (AI-powered digital engineering platform) and deep client partnerships boosted deal wins, especially in BFSI, fueling higher TCV and reinforcing the $2 billion revenue target by FY27.
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Operational discipline maintained margins despite industry wage and attrition pressures; management aims to sustain profitable growth while investing in AI, niche verticals and workforce expansion.
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Strategic pivot toward larger, recurring client engagements—number of clients above $5M annual revenue rose to 56 in Q1.
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AI, cloud, and next-gen platform deals expected to remain main growth levers, with expanding demand from global customers.
Q4 FY25 Earnings Results
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Total Revenue: ₹3,242 crores.
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EBIT: ₹505.6 crores.
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PAT: ₹396 crores.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.
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