Persistent Systems Limited — Investor Meet, 29-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Persistent Systems reported solid Q1FY26 results: revenue reached $389.7M (3.9% QoQ, 18.8% YoY) or ₹3,333.59 Cr. EBIT margin stood at 15.5%. PAT was ₹424.94 Cr, marking 38.7% YoY growth. The Total Contract Value (TCV) was $520.8M. Growth was driven by BFSI (+30.7% YoY), while Healthcare Life Sciences saw a temporary QoQ dip due to planned transitions. The annual wage hike was postponed, a prudent step given macro uncertainties. Management remains confident in achieving its $2 billion revenue goal by FY27 through profitable growth, leveraging its AI-led SASVA platform and strong deal pipeline, prioritizing capabilities and client relationships.