Persistent Systems announced its Q3 FY26 results, reporting a revenue of $422.5 million, a 17.3% year-over-year increase. The company’s Board of Directors has declared an interim dividend of ₹22 per share. The company achieved its 23rd sequential quarter of revenue growth with data, cloud, and digital engineering seeing sustained demand.
Financial Performance Highlights
Persistent Systems (BSE: 533179 and NSE: PERSISTENT) announced its audited financial results for the quarter ended December 31, 2025. Key highlights include:
- Revenue: $422.5 million, up 17.3% year-over-year.
- Constant currency growth: 17.3%.
- EBIT (excluding one-time impact of New Labour Codes): ₹6,317.8 million, with a margin of 16.7%.
The Board of Directors has declared an Interim Dividend of ₹22 per share on the face value of ₹5 each for the Financial Year 2025-2026.
Management Commentary
Sandeep Kalra, Chief Executive Officer and Executive Director, stated, “We delivered sustained performance, achieving our 23rd sequential quarter of revenue growth with 4.0% quarter-on-quarter and 17.3% year-on-year growth. This was accompanied by an EBIT margin of 16.7%, excluding a one-time impact of ~2.3% arising from the New Labour Codes.”
Key Client Wins
Significant client wins during the quarter include:
- Scaling an Al-led digital commerce product with SASVA™™ and partnering to migrate end customers to cloud-native ERP for a next-generation manufacturing and supply chain solutions leader.
- Delivering data-driven customer experience for a global edtech leader.
- Modernizing R&D and accelerating product innovation for a global leader in semiconductor materials and process control.
Other Notable Developments
Persistent was recognized as one of the Most Valuable Indian Brands by Kantar BrandZ, ranking 6th in the Business Technology and Services Category.
Dr. Anand Deshpande, Founder, Chairman and Managing Director and Sandeep Kalra, Chief Executive Officer and Executive Director of Persistent, jointly recognized by Fortune India as India’s Best CEOs in the IT Services (mid-cap) category for 2025.
Source: BSE
