| Management target | Revenue FY31 |
|---|
| Revenue growth | Persistent 23.9% 5-yr CAGR; Nagarro 18.4% 5-yr CAGR. |
|---|---|
| Margins | Persistent 15.6% EBIT; Nagarro 13.9% EBITDA. Target margin maintenance. |
| Order book | New $650M deal adds ~$125M ACV over 6.5 years. |
| Demand visibility | Strong; backed by $650M+ multi-year deal and European expansion. |
| Management confidence | High confidence in cultural fit and AI-led engineering synergies. |
Growth
Persistent reports $1.654B FY26 revenue with 23.9% 5-year CAGR. Nagarro brings $1.14B revenue and 18.4% 5-year CAGR.
Outlook
Aims for $5B revenue by FY31. Acquisition expected to be Cash EPS accretive in Year 1.
Risks
Integration complexity over two years; Nagarro's recent flat revenue growth and lower EBITDA margins (13.9%) vs Persistent.
Last quarter's promises, checked
Delivered
- Aspiration for $2B revenue by March 2027 → delivered $2.9B+ pro-forma via Nagarro (= BEAT)
- Maintain consistent dividend payout → interim dividend increased from Rs. 20 to Rs. 22 (= BEAT)
- Expansion of top client buckets → added 180+ $1M+ logos via Nagarro (= BEAT)
Partly delivered
- Aspiration for $5B revenue by FY31 → reaffirmed target post-acquisition (= PARTIAL)
Earnings Call filed with BSE, NSE: PERSISTENT. Summary written with AI assistance from the document.
Persistent Systems Ltd: key numbers
- Share price
- ₹5,372.00
- Market cap
- ₹84,018 Cr
- Revenue (annual)
- ₹14,748 Cr
- Net profit (annual)
- ₹1,865 Cr
- P/E (TTM)
- 43.7×Sector 22.1×
- 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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