Persistent Systems Market Growth | పెర్సిస్టెంట్ సిస్టమ్స్ మార్కెట్ గ్రోత్ | स्थायी सिस्टम बाजार में वृद्धि

Persistent Systems Market Growth | పెర్సిస్టెంట్ సిస్టమ్స్ మార్కెట్ గ్రోత్ | स्थायी सिस्टम बाजार में वृद्धि | GBI

September 02, 2025

Persistent Systems on track to reach $2 billion by FY27

Persistent Systems posts 12.2% profit growth in Q4, with revenue up 5.9% to Rs 3,242.1 crore. CEO Sandeep Kalra reaffirms $2B FY27 target, driven by BFSI and healthcare verticals. EBIT margin improves to 15.6%. Company sees strong order bookings, eyes $5B revenue by FY30.

Written by Geeta Nair

Updated:

May 7, 2025 18:09 IST

BSE, BFSI, Industry, Persistent Systems, EBITDA, DOGE

The company announced an additional dividend of Rs 15, taking the total dividend to Rs 35 per share for FY26. (Image/Official Site)

Persistent Systems reported a sequential net profit growth of 12.2%, reaching Rs 395.76 crore for the March quarter. Revenues increased by 4.2% quarter-on-quarter to $ 375.2 million. Revenue was up 5.9% sequentially to Rs 3,242.1 crore. The company achieved a 70 basis point improvement in EBIT margins to 15.6% for the quarter. EBIT rose by 10.9% quarter-on-quarter to Rs 505.29 crore. For the quarter ending March 31, 2025, the total contract value (TCV) for order bookings was $ 517.5 million, with an annual contract value (ACV) of $ 350.2 million. Persistent’s utilisation rate increased to 88% in Q4 FY25, compared to 81% in Q1 FY24, which helped improve margins.

Sandeep Kalra, Chief Executive Officer and Executive Director of Persistent, stated that the company had outperformed its peers and continued to grow in an uncertain macroeconomic environment. He noted that this marks the 20th consecutive quarter of revenue growth. Kalra expressed optimism about achieving $ 2 billion in annual revenue by FY27 and aimed for revenue of $ 5 billion by FY31. “If we maintain quarterly revenues at the $ 375 million level, the company would reach $1.5 billion in FY26. Growth could also come from acquisitions in new verticals or tuck-in acquisitions,” he said. The company has retained the target of a 200 basis point margin improvement over two years (FY26 and FY27).

ALSO READ

Gensol EV shuts shop, lays off remaining staff as crisis brews

According to Kalra, over the last six quarters, the growth at Persistent was driven by the healthcare and life sciences vertical. This year, growth would be led by the banking, financial services, and insurance (BFSI) vertical, followed closely by software, hi-tech, and emerging technologies, which offer a significant addressable market. The company expects to benefit from cost optimisation and vendor consolidation initiatives at the customer end. The BFSI vertical grew by 26.6% to $ 121 million, health care and life sciences by 33.6% to $ 100 million and software, hi-tech and emerging technology up 9.7% to $ 153.5 million during the March quarter.

While revenues from healthcare and life sciences are anticipated to continue growing, they may face some impact from budget cuts by DOGE and an increased level of caution in the US market. On a positive note, there has been an uptick in offshoring in the healthcare and life sciences sector.

The company’s headcount increased by 744 to 24,594 during FY26. Attrition was at 12.9%. Vinit Teredesai, Chief Financial Officer of Persistent, has been appointed as an additional director to the board.

The company announced an additional dividend of Rs 15, taking the total dividend to Rs 35 per share for FY26. The Persistent stock rose 0.51% on the BSE to Rs 5,189 after the Q4FY24 results announcement.

GLOBAL BUSINESS INSIGHT OFFICIAL PARK ,BRILLIANT BLUEPRINT GROUP SUBSIDIARY

Persistent Systems Market Growth | పెర్సిస్టెంట్ సిస్టమ్స్ మార్కెట్ గ్రోత్ | स्थायी सिस्टम बाजार में वृद्धि | GBI

Comments

Post a Comment

Popular posts from this blog

BRILLIANT BLUEPRINT GROUP

Top ARTIFICIAL INTELLIGENCE PLAYERS IN INDIA

Top ARTIFICIAL INTELLIGENCE PLAYERS IN INDIA