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Earnings Call Transcript

Persistent Systems Earnings Call Transcript: Key Takeaways

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.

Highlights
Revenue growth16.1% YoY in USD terms.
MarginsEBIT margin at 16.0%; PAT margin at 11.2%.
Order bookTTM ACV bookings at $1,931.7M.
Demand visibilityStrong, supported by record $1.15B quarterly TCV.
Management confidenceHigh, citing 25 consecutive quarters of sequential growth.

Growth

Q1 FY27 revenue grew 3.8% QoQ and 16.1% YoY. TTM revenue reached $1,717.1M, representing 16.8% YoY growth.

Outlook

Targeting Nagarro merger closing by Q4 CY26. AI strategy focused on 3C framework (Core, Context, Coordination) to drive ROI.

Risks

Potential risks include currency fluctuations impacting PAT, client concentration (top 10 at 43%), and intense IT services competition.

Source

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

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Persistent Systems Ltd: key numbers

Share price
₹5,372.00
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.

More from Persistent Systems Ltd

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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
₹6,682 Cr
12:35 IST NSE
Business Update

Persistent Systems Business Update

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

21:48 IST BSE
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.

14:16 IST NSE
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.

Value
₹11,875 Cr