Santa Clara, CA and Pune, India: Persistent Systems (BSE: 533179, NSE: PERSISTENT) has announced its audited financial results for Q1 FY26, delivering a revenue of $389.7 million (Persistent Q1 FY26 Revenue), a robust 18.8% year-on-year growth, and marking its 21st consecutive quarter of revenue expansion.
The company also reported a 38.7% YoY increase in profit after tax (PAT), reaching ₹4,249.4 million, supported by continued focus on digital transformation, AI-led innovation, and operational excellence.
Also Read: Shimona Chadha Appointed as Chief Marketing Officer at Persistent
Persistent Q1 FY26 Revenue: Key Highlights
Persistent Q1 FY26 Revenue
- USD: $389.7 million (↑18.8% YoY, ↑3.9% QoQ)
- INR: ₹33,335.9 million (↑21.8% YoY)
- Constant Currency Growth: 19.0% YoY
- EBIT: ₹5,178.1 million (↑34.8% YoY)
- PBT: ₹5,554.1 million (↑38.7% YoY)
- PAT: ₹4,249.4 million (↑38.7% YoY)
Order Bookings:
- Total Contract Value (TCV): $520.8 million
- Annual Contract Value (ACV): $385.3 million
“This quarter’s strong growth reflects our AI-first, platform-driven strategy and relentless focus on client success,” said Sandeep Kalra, CEO and Executive Director of Persistent. “Our ability to consistently deliver results in a dynamic market positions us well for long-term value creation.”
Major Client Wins in Q1 FY26:
Persistent secured significant deals across verticals, leveraging its proprietary SASVA platform and Agentic AI:
Software & Hi-Tech:
- AI-enabled modernization for a multinational technology firm
- Development of new AI-based products for a global software quality leader
BFSI:
- Digital transformation for a major US-based federal financial institution
- Data platform consolidation for a leading global wealth management firm
Healthcare & Life Sciences:
- Creation of an SAE tracking and compliance platform for a global CRO
- Establishment of a software CoE for a leading life sciences player
Also Read: Persistent Systems Named ‘Most Honored Company’ in 2025 Extel Asia Executive Team Survey
Leadership and Recognition Updates:
- Rajiv Naithani to assume the role of Chief People Officer from August 1, 2025
- Shimona Chadha joins as Chief Marketing Officer to drive global brand strategy
Persistent recognized as a Leader in ISG Provider Lens 2025 for Digital Engineering and in Everest Group’s Talent Readiness Matrix
While announcing the Persistent Q1 FY26 Revenue results, the company also announced the approval of a ₹15 per share dividend at its 35th Annual General Meeting.
Persistent continues to receive accolades, including being named the fastest-growing IT services brand in India (Brand Finance 2025), and one of America’s Greatest Workplaces for Inclusion and Diversity 2025 by Newsweek.
