BSECompany Update4d ago · 2 Aug 2026, 03:08 pm
The Press Release dated August 2, 2026, is as enclosed.
Persistent Systems Ltd · 533179
✦ AI Summary▲ PositiveResults
Persistent Systems Ltd has announced its Q1 FY27 financial results, reporting a 16.1% YoY revenue growth and a 32.7% YoY EBIT growth, with a record quarterly Total Contract Value (TCV) of $1.15 billion.
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Persistent Systems Ltd - 533179 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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NSE & BSE / 2026-27 / 095
August 2, 2026
The Manager The Manager
Corporate Services, Corporate Services,
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex, P J Towers, Dalal Street,
Bandra (E), Mumbai 400 051 Mumbai 400 001
Ref: Symbol: PERSISTENT Ref: Scrip Code: 533179
Dear Sir/Madam,
Sub: Press Release regarding financial results for the quarter ended June 30, 2026
We wish to inform you that the Company has made a Press Release dated August 2, 2026,
announcing the financial results for the quarter ended June 30, 2026, as approved by the Board
of Directors at its meeting held on August 2, 2026.
A copy of the Press Release is attached for your records.
Please acknowledge the receipt.
Thanking you,
Yours Sincerely,
For Persistent Systems Limited
Amit Atre
Company Secretary
ICSI Membership No.: A20507
Encl: As above
Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India
CIN - L72300PN1990PLC056696
Tel: +91 (20) 670 35555 | Fax - +91 (20) 6703 6003 | E-mail - info@persistent.com | Website - www.persistent.com
Persistent Achieves $452.4M Revenue in Q1
FY27 with 16.1% YoY Growth
Reports EBIT growth of 32.7% YoY and the highest-ever quarterly
TCV of $1.15B
August 2, 2026
San Jose, CA and Pune, India
News Summary
Persistent Systems (BSE: 533179 and NSE: PERSISTENT) today announced the Company’s
audited financial results for the quarter and year ended June 30, 2026, as approved by the
Board of Directors.
Consolidated Financial Highlights for the Quarter ended June 30, 2026:
Q1FY27 Margin % QoQ Growth YoY Growth
Revenue (USD Million) 452.4 3.8% 16.1%
Constant currency growth 4.1% 16.5%
Revenue (INR Million) 43,032.3 6.1% 29.1%
EBIT (INR Million) 6,868.8 16.0% 4.2% 32.7%
PBT (INR Million) 6,231.0 14.5% -7.5%* 12.2%
PAT (INR Million) 4,830.4 11.2% -8.7%* 13.7%
*QoQ decline on account of forex losses
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent
“We marked our 25th sequential quarter of revenue growth to begin FY27, delivering 3.8%
quarter-over-quarter and 16.1% year-over-year revenue growth, along with an EBIT margin of
16.0%.
This performance was underpinned by a record quarterly Total Contract Value (TCV) of $1.15
billion, reflecting continued momentum in larger client engagements, including a 6.5-year
© 2026 Persistent Systems Ltd. All rights reserved. 1
strategic services agreement with a leading global technology company with a TCV of more
than $650 million.
We signed a Business Combination Agreement with Nagarro, a leading European digital
engineering company listed on the Frankfurt Stock Exchange. This transaction is in line with the
M&A strategy we have consistently outlined to strengthen our capabilities and expand our
geographic footprint and industry coverage.
As enterprises increasingly look to scale AI across their businesses, we believe the differentiator
will not be the model itself, but the ability to create a unified Enterprise Context from business
logic, data and enterprise experience embedded across the organization. We continue to invest
in this capability through our 3C framework, AI-driven platforms, helping clients build more
Intelligent Enterprises, reshape their operating models and realize greater value from AI.
We thank our clients, partners, employees and shareholders for their continued trust and
support as we continue to strengthen Persistent for the opportunities ahead.”
First Quarter FY27 Client Wins and Outcomes
The order booking for the quarter ended on June 30, 2026, was $1,146.2 million in Total
Contract Value (TCV) and $536.8 million in Annual Contract Value (ACV).
Some of the key wins for the quarter include:
Software, Hi-Tech & Emerging Industries
\ Driving product development, support and cloud operations across multiple SaaS products
using our AI-led platforms to enhance resilience and operational excellence for one of the
world's largest IT companies
\ Advancing a global transport technology ecosystem through engineering transformation and
scaled global delivery capabilities, strengthening security governance and supporting long-
term product innovation for a leading global urban mobility platform provider
\ Accelerating enterprise transformation across Engineering, Support, IT, Data and Customer
functions through global delivery modernization and AI adoption for a leading cloud security
company
Banking, Financial Services & Insurance
\ Modernizing enterprise application landscape of 250+ applications, accelerating AI adoption
and data modernization for a leading global insurance claims management and outsourcing
services provider
© 2026 Persistent Systems Ltd. All rights reserved. 2
\ Gen-AI-led reengineering of the trade ledger platform through legacy modernization and
transition of platform ownership to client’s environment, strengthening operational control for
one of the world's leading multinational banks
\ Propelling cloud security transformation through AI-led security implementation and data
platform modernization, improving security visibility, risk management and cloud resilience
for one of the largest U.S. banks
Healthcare and Life Sciences
\ Transforming an enterprise ecosystem by consolidating 3,000 bots across 350 business-
critical processes onto Microsoft Power Automate, enhancing operational resilience for one
of the largest U.S.-based healthcare organizations
\ Unifying Salesforce, SAP and commercial operations into a standardized customer
engagement ecosystem following a strategic acquisition, accelerating governance and
business integration for a leading U.S.-based genomics and life sciences company
\ Building a modern enterprise data platform on Snowflake, integrating clinical, claims and
operational systems to enable AI-driven decision-making for a leading U.S.-based provider-
led healthcare technology company
Other News in the Quarter
\ Persistent and Nagarro sign Business Combination Agreement to form the Persistent –
Nagarro Group, a global leader in AI-led digital engineering
\ Persistent entered into a long-term strategic services agreement with a global technology
leader, with $650M+ TCV
\ Persistent achieves Databricks specializations across multiple industry verticals and service
lines
\ Persistent and Kong announce strategic partnership to help enterprises securely move AI
into production
\ Persistent named a Leader in ISG Provider Lens® Digital Engineering Services Midsize
Providers Report 2026: U.S. and Europe
\ Persistent earns top honors for the third consecutive year in Extel’s 2026 Asia Executive
Team Survey
© 2026 Persistent Systems Ltd. All rights reserved. 3
About Persistent
Persistent Systems (BSE: 533179 and NSE: PERSISTENT) is a global services and solutions company delivering AI-led, platform-
driven Digital Engineering and Enterprise Modernization to businesses across industries. With over 28,500 employees located in 21
countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including
software engineering, product development, data and analytics, CX transformation, cloud computing, and agentic business automation.
The Company is part of the MSCI India Index and is included in key indices of the National Stock Exchange of India, including the Nifty
Midcap 50, Nifty IT, and Nifty MidCap Liquid 15, as well as several on the BSE such as the S&P BSE 100 and S&P BSE SENSEX Next
50. Persistent is also a constituent of the Dow Jones Best-in-Class World Index. The Company has achieved carbon neutrality,
reinforcing its commitment to sustainability and responsible business practices. Persistent has also been named one of America’s
Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek and Plant A Insights Group. As a participant of the United Nations
Global Compact, the Company is committed to aligning strategies and operations with universal principles on human rights, labor,
environment, and
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