Persistent Systems Acquisition Worth ₹6,682 Cr
Persistent Systems secured an 83.25% stake in Nagarro SE through a voluntary takeover offer and prior agreement. An additional acceptance period runs until October 6, 2026.
- Value
- ₹6,682 Cr
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Time
34 announcements
Persistent Systems secured an 83.25% stake in Nagarro SE through a voluntary takeover offer and prior agreement. An additional acceptance period runs until October 6, 2026.
Persistent Systems earned the Databricks Brickbuilder Specialization for BFSI. The certification highlights its expertise in governed AI for financial services.
Persistent Systems reported strong Q1 FY27 growth with revenue at $452.4M and 16.0% EBIT margin. The company announced a major agreement to acquire Nagarro for an Enterprise Value of ~EUR 1.27B.
Cdr. Jayant Shivaji Konde has resigned as Senior Vice President – Administration at Persistent Systems. The resignation is effective September 18, 2026.
Persistent Systems confirmed the minimum acceptance condition for its Nagarro SE takeover offer was fulfilled on September 17, 2026. No monetary value is disclosed.
Persistent Systems has called an EGM on October 5, 2026, to seek shareholder approval for raising up to USD 1,250 million via debt and securities issuance.
Persistent Systems Limited has issued a notice for an Extraordinary General Meeting (EGM) to be held on October 5, 2026, to discuss borrowing limits and security issuance.
Persistent Systems approved a fund-raising proposal of up to USD 1.25 billion (approx. ₹11,875 crore) through debt and equity instruments.
Persistent Systems reported Q1 FY27 revenue of $452.4M, up 16.1% YoY, with an EBIT margin of 16.0%. The company signed a major $650M TCV agreement and announced a business combination with Nagarro.
Persistent reported Q1 FY27 revenue of $452.4M (up 16.1% YoY) with an EBIT margin of 16.0%. Management announced a strategic merger with Nagarro.
Persistent Systems Ltd reported revenue from operations of ₹4,303 Cr (+29.1% YoY) and net profit of ₹483 Cr (+13.7% YoY) for Q1 FY27.
Persistent Systems announced a massive €1.27B acquisition of Nagarro to form a $2.9B+ AI-led digital engineering powerhouse and signed a $650M+ 6.5-year strategic deal with a US tech leader.
Persistent Systems delivered a strong FY26 with $1,654.4M revenue, up 17.4% YoY. The strategy pivots to an AI-led, platform-driven model targeting enterprise modernization.
Persistent Systems reported strong FY26 performance with 17.4% USD revenue growth and an EBIT margin of 15.6%. Management is pivoting to an AI-led, platform-driven services strategy under its 'Sixth Orbit' growth phase.
Persistent Systems reported strong FY26 performance with $1.65B revenue, up 17.4% YoY. The strategy centers on an AI-led, platform-driven approach for digital engineering and enterprise modernization.
Persistent Systems reported strong FY26 performance with 17.4% USD revenue growth and expanded margins, pivoting to an AI-led, platform-driven services strategy.
Persistent Systems reported strong FY26 performance with 17.4% USD revenue growth and AI-led strategy pivot. Declared ₹40/share total dividend, reflecting 24 quarters of sequential growth.
Persistent Systems reported strong FY26 performance with 17.4% USD revenue growth, driven by an AI-led, platform-driven strategy and record deal bookings.
Persistent delivered strong FY26 growth, hitting $1.65B revenue (+17.4% YoY) with 15.6% EBIT margins. Strategy pivots toward AI-led, platform-driven services under their 'Sixth Orbit' phase.
Persistent Systems reported strong FY26 performance with 17.4% USD revenue growth, driven by an AI-led, platform-driven strategy and expansion in Software, BFSI, and Healthcare segments.
Persistent delivered strong FY26 performance with $1.65B revenue, up 17.4% YoY. Strategy pivots to AI-led, platform-driven engineering with 24 consecutive quarters of growth.
Persistent Systems reported strong FY26 performance with 17.4% USD revenue growth and ₹40 total dividend. Strategy pivots toward AI-led, platform-driven services.
Persistent Systems reported strong FY26 performance with $1.65B revenue, up 17.4% YoY, driven by an AI-led, platform-driven services strategy.
Persistent delivered strong FY26 performance with 17.4% USD revenue growth and 15.6% EBIT margin, driven by an AI-led, platform-driven services strategy.
Persistent delivered strong FY26 performance with 17.4% USD revenue growth and ₹18.65B PAT. Strategy focuses on AI-led, platform-driven services with a record 24th sequential quarter of growth.
Persistent delivered $1,654.4M FY26 revenue (+17.4% YoY) with 15.6% EBIT margins. Strategy shifted to 'Sixth Orbit' focusing on AI-led, platform-driven services and enterprise modernization.
Persistent Systems reported strong FY26 performance with $1,654.4M revenue (17.4% growth YoY) and 15.6% EBIT margin. The strategy centers on an AI-led, platform-driven approach for digital engineering.
Persistent Systems reported strong FY26 performance with $1,654.4M revenue (17.4% growth) and an AI-led strategy. Q4 revenue reached $436M with 16.3% EBIT margins.
Persistent delivered $1,654.4M revenue in FY26 (+17.4% YoY) with an AI-led strategy. Q4 FY26 marked the 24th sequential quarter of growth with EBIT margin at 16.3%.
Persistent Systems reported strong FY26 performance with $1,654.4M revenue (+17.4% YoY) and 15.6% EBIT margin. The strategy centers on an AI-led, platform-driven 'Sixth Orbit' pivot.