Persistent Systems announced its Q2 FY26 results, reporting revenue of $406.2M, a 17.6% year-over-year increase. The company’s EBIT margin stood at 16.3%, with a 43.7% year-over-year growth. The company reported a 4.2% quarter-over-quarter revenue growth. Order booking for the quarter reached $609.2 million in Total Contract Value (TCV).
Q2 FY26 Financial Highlights
Persistent Systems announced its financial results for the quarter ended September 30, 2025 (Q2 FY26), showcasing strong growth and improved profitability:
- Revenue: $406.2M, up 17.6% year-over-year
- Constant Currency Growth: 4.4%
- EBIT Margin: 16.3%, with 43.7% year-over-year growth
- EBIT (INR Million): 5,837.4
- PBT (INR Million): 6,168.3
- PAT (INR Million): 4,714.7
New Client Wins and Outcomes
The company secured significant client wins, contributing to a strong order book:
- Order booking reached $609.2 million in Total Contract Value (TCV) and $447.9 million in Annual Contract Value (ACV).
Strategic Initiatives and Key Wins
Persistent Systems is focusing on strategic initiatives to drive growth and innovation:
- Accelerating strategic pivot through 360° collaboration to build and scale AI infrastructure platforms.
- Driving end-to-end R&D for endpoint security products.
- Developing critical grid technology platform for a major energy company.
Banking, Financial Services & Insurance
Persistent Systems is making significant strides in the BFSI sector:
- Enhancing customer experience by transforming tax and accounting software.
- Transforming IT and business processes for a leading financial services company.
- Leveraging GenAI to reimagine business operations for wealth management.
Healthcare & Life Sciences
Persistent Systems is expanding its presence in the Healthcare & Life Sciences sector:
- Driving deeper engagement with healthcare clients through modernization of digital presence.
- Improving patient experience through consolidation of imaging applications.
Leadership Updates
Jaideep Dhok has been appointed as Chief Operating Officer – Technology, effective August 12, 2025. He will oversee Delivery Excellence, Talent Acquisition/Talent Management, Learning and Development, and Alliances and Partnerships.
Awards and Recognition
Persistent Systems has received multiple awards and recognitions:
- Won ISG CX Star Performer Awards.
- Awarded ‘Growth Honor of the Year’ at 2025 Everest Group Elevate Honors.
- Awarded for AI excellence at the National AI Awards 2025 by the Confederation of Indian Industry (CII).
- Named a Leader in the Everest Group Talent Readiness for Next-generation Cloud Services PEAK Matrix® Assessment 2025.
- Recognized as one of America’s Greatest Workplaces in Tech 2025 by Newsweek and Plant-A Insights Group.
Source: BSE