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Earnings Call

Persistent Systems Earnings Call: Key Takeaways

Persistent Systems Limited delivered strong FY26 performance with 17.4% USD revenue growth and significant margin expansion despite seasonal booking moderations.

Highlights
Revenue growth17.4% USD growth YoY reaching $1.65 billion total revenue.
MarginsEBIT margin improved to 16.3% in Q4, up 170bps YoY.
Order bookTotal Contract Value of $2.4B for year; $600.8M in Q4.
Demand visibilityStrong demand in BFSI and Healthcare; Tech vertical adopting AI fastest.
Management confidenceBalanced; cautiously optimistic despite geopolitical headwinds and AI transformations.

Growth

Revenue hit $1.65B, up 17.4% YoY; EBIT margin improved 90bps to 15.6%.

Outlook

Targeting $2 billion revenue run rate by FY27 Q4 with 16-17% aspirational margins.

Risks

Geopolitical tensions in Middle East and potential AI-led SDLC cannibalization in the tech vertical.

Source

Earnings Call filed with NSE, NSE: PERSISTENT. Summary written with AI assistance from the document.

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Persistent Systems Ltd: key numbers

Share price
₹5,328.50
Market cap
₹83,338 Cr
Revenue (annual)
₹14,748 Cr
Net profit (annual)
₹1,865 Cr
P/E (TTM)
43.3×Sector 21.9×
Promoter holding
30.29%+0.00% QoQ
FII holding
20.79%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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17:12 IST NSE
Acquisition

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
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Persistent Systems Business Update

Persistent Systems earned the Databricks Brickbuilder Specialization for BFSI. The certification highlights its expertise in governed AI for financial services.

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Management Change

Persistent Systems Management Change

Cdr. Jayant Shivaji Konde has resigned as Senior Vice President – Administration at Persistent Systems. The resignation is effective September 18, 2026.

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Open Offer

Persistent Systems Open Offer

Persistent Systems confirmed the minimum acceptance condition for its Nagarro SE takeover offer was fulfilled on September 17, 2026. No monetary value is disclosed.

23:17 IST NSE
Annual General Meeting

Persistent Systems Annual General Meeting

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.

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