Persistent Systems announced robust Q3 FY26 results, achieving revenue growth of 4.0% quarter-on-quarter and 17.3% year-on-year, delivering $422.5 million. The company highlighted its strategic focus on AI, showcasing internal AI adoption and solutions for customers. An interim dividend of ₹22 per share was declared, reflecting a commitment to consistent shareholder returns. Growth was led by BFSI vertical with 29.3% growth.
Financial Highlights
Persistent Systems reported a strong financial performance for Q3 FY26:
- Revenue reached $422.5 million, a 4.0% increase quarter-on-quarter and 17.3% year-on-year.
- In Rupee terms, revenue was ₹37,782.1 million, showing a growth of 23.4% year-on-year.
- EBIT margin stood at 14.4%.
- Profit After Tax (PAT) was ₹4,394.5 million, a 17.8% year-on-year increase.
- Earnings Per Share (EPS) reached ₹28.20.
Client and Vertical Performance
The company witnessed healthy year-on-year growth among its top clients:
- Top 5 customer revenue grew by 25.6%.
- Top 10 by 28.3%.
- Top 20 by 26.3%.
- Top 50 by 22.7%.
- Top 100 by 20.1%.
By industry segments, growth was led by the BFSI vertical, growing by 29.3%. This was followed by Software Hi-Tech and Emerging Industries, and Healthcare & Life Sciences with growth of 14.7% and 7.4% respectively.
AI Innovation and Adoption
Persistent Systems is focused on enterprise-wide technology transformation using AI, with its platform AssistX.
- AssistX includes N(AI)vigateAssist, PiAssist, ITAssist, and LegalAssist to enhance sales, HR, IT, and legal processes.
- AI agents are improving efficiency, with PiAssist resolving 83% of employee HR queries autonomously and ITAssist reducing resolution time for IT incidents by 70%.
Key Deal Wins and Recognitions
Persistent Systems secured strategic partnerships and key deal wins across various industries:
- Selected by a leader in Next-Gen Manufacturing for a 360-degree partnership.
- Chosen by an EdTech leader to transform its customer success and tech support organizations.
- Selected by a global fintech and insurance firm to modernize acquired platforms.
- Recognized by Microsoft as a Frontier Firm for leadership and innovation.
The company was also recognized by Kantar BrandZ as one of India’s most valuable brands.
Dividend Announcement
The Board of Directors declared an interim dividend of ₹22 per share on the face value of ₹5 per share.
Source: BSE
