Persistent Systems reported strong financial results for the fiscal year ended March 31, 2026. The company achieved a 17.4% year-on-year revenue growth, reaching $1.65 billion. With an EBIT margin of 15.6%, the company continues its momentum, supported by a 24th sequential quarter of growth. The Board has recommended a final dividend of ₹18 per share, bringing the total dividend for FY26 to ₹40 per share.
Fiscal Year 2026 Financial Performance
Persistent Systems showcased sustained growth and profitability throughout FY26. The company recorded an annual revenue of $1.654.4 million, representing a 17.4% increase over the previous year. In terms of domestic currency, revenue stood at ₹147.5 billion, a 23.5% rise. The Q4 FY26 performance was particularly noteworthy, with revenue reaching $436.0 million, marking a 3.2% sequential increase and a 16.2% year-on-year growth. The EBIT margin for the full year was 15.6%, while the PAT margin stood at 12.6%.
Strategic Focus and AI Innovation
The company’s growth is fundamentally tied to its AI-led, platform-driven strategy. Persistent has successfully operationalized this approach, focusing on Engineering Hyper-Productivity and Business Hyper-Productivity. Key milestones include the expansion of the Melbourne Innovation Center to support enterprise modernization in the ANZ region, and the launch of innovative AI solutions, such as AI-Powered Generative Molecules for biopharma and Merchant Risk Management solutions in partnership with Databricks.
Shareholder Value and Market Recognition
Reflecting its commitment to shareholders, the Board has recommended a final dividend of ₹18 per share. This brings the total dividend for FY26 to ₹40 per share, up from ₹35 in the prior year. The company’s leadership in the IT services sector was recognized globally, with Brand Finance naming Persistent the fastest-growing IT services brand globally in 2026. Additionally, the company secured top rankings from industry analysts, including leadership positions in Everest Group’s PEAK Matrix® assessments for Software Product Engineering and Private Equity Services.
Operational Excellence and Workforce
Persistent ended the fiscal year with a workforce of 27,502 employees. The firm maintains a strong focus on ESG goals, achieving carbon neutrality for Scope 1 and 2 emissions for the second consecutive year and sourcing 62.7% of electricity in India offices from renewable energy. With 121 patents currently held, the company continues to drive enterprise-wide transformation through a 3C Framework (Coordination, Context, and Core) to ensure successful AI execution for its global client base.
Source: BSE
