DBT Bureau
Pune, 2 August 2026
Persistent Systems released its audited financial results for the quarter ended June 30, 2026, in an exchange filing.
Consolidated Financial Highlights for the Quarter Ended June 30, 2026
| Metric | Q1 FY27 | Margin % | QoQ Growth | YoY Growth |
|---|---|---|---|---|
| Revenue (USD Million) | 452.4 | – | 3.8% | 16.1% |
| Constant Currency Growth | – | – | 4.1% | 16.5% |
| Revenue (INR Million) | 43,032.3 | – | 6.1% | 29.1% |
| EBIT (INR Million) | 6,868.8 | 16.0% | 4.2% | 32.7% |
| PBT (INR Million) | 6,231.0 | 14.5% | -7.5%* | 12.2% |
| PAT (INR Million) | 4,830.4 | 11.2% | -8.7%* | 13.7% |
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent said, “We marked our 25th sequential quarter of revenue growth to begin FY27, delivering 3.8% quarter-over-quarter and 16.1% year-over-year revenue growth, along with an EBIT margin of 16.0%. This performance was underpinned by a record quarterly Total Contract Value (TCV) of $1.15 billion, reflecting continued momentum in larger client engagements, including a 6.5-year strategic services agreement with a leading global technology company with a TCV of more than $650 million.
We signed a Business Combination Agreement with Nagarro, a leading European digital engineering company listed on the Frankfurt Stock Exchange. This transaction is in line with the M&A strategy we have consistently outlined to strengthen our capabilities and expand our geographic footprint and industry coverage.
As enterprises increasingly look to scale AI across their businesses, we believe the differentiator will not be the model itself, but the ability to create a unified Enterprise Context from business logic, data and enterprise experience embedded across the organization. We continue to invest in this capability through our 3C framework, AI-driven platforms, helping clients build more Intelligent Enterprises, reshape their operating models and realize greater value from AI.
We thank our clients, partners, employees and shareholders for their continued trust and support as we continue to strengthen Persistent for the opportunities ahead.”
First Quarter FY27 Client Wins and Outcomes
The order booking for the quarter ended on June 30, 2026, was $1,146.2 million in Total Contract Value (TCV) and $536.8 million in Annual Contract Value (ACV).
Software, Hi-Tech & Emerging Industries
The company secured a major engagement to drive product development, support and cloud operations across multiple SaaS products using its AI-led platforms. The initiative aims to enhance resilience and operational excellence for one of the world’s largest IT companies.
Another key win involves advancing a global transport technology ecosystem through engineering transformation and scaled global delivery capabilities. The engagement will strengthen security governance and support long-term product innovation for a leading global urban mobility platform provider.
The company also won a contract to accelerate enterprise transformation across Engineering, Support, IT, Data and Customer functions through global delivery modernization and AI adoption for a leading cloud security company.
Banking, Financial Services & Insurance
The company will modernize the enterprise application landscape of more than 250 applications while accelerating AI adoption and data modernization for a leading global insurance claims management and outsourcing services provider.
It also secured a project for Gen-AI-led reengineering of the trade ledger platform through legacy modernization and transition of platform ownership to the client’s environment, strengthening operational control for one of the world’s leading multinational banks.
Another engagement focuses on propelling cloud security transformation through AI-led security implementation and data platform modernization, improving security visibility, risk management and cloud resilience for one of the largest U.S. banks.
Healthcare and Life Sciences
The company will transform an enterprise ecosystem by consolidating 3,000 bots across 350 business-critical processes onto Microsoft Power Automate, enhancing operational resilience for one of the largest U.S.-based healthcare organizations.
Another client win involves unifying Salesforce, SAP and commercial operations into a standardized customer engagement ecosystem following a strategic acquisition, accelerating governance and business integration for a leading U.S.-based genomics and life sciences company.
The company also secured a project to build a modern enterprise data platform on Snowflake by integrating clinical, claims and operational systems. The platform will enable AI-driven decision-making for a leading U.S.-based provider-led healthcare technology company.
