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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
₹5,973.50
Market cap
₹99,061 Cr
Revenue (annual)
₹14,748 Cr
Net profit (annual)
₹1,865 Cr
P/E (TTM)
54.9×Sector 23.6×
Promoter holding
28.82%-1.47% QoQ
FII holding
21.30%Current quarter

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

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20:39 IST NSE
Fund Raise

Persistent Systems Fund Raise of ₹4,265 Cr

Persistent Systems' board approved a Qualified Institutional Placement (QIP) of equity shares, aiming to raise up to ₹4,264.61 Crore.

Value
₹4,265 Cr