CHA1
MIR2
NZ
IND
UAE
OMA
Rennes
Olympiacos
WI-A
LIONS
AEK Athens
Real Madrid
Fenerbahce
Liverpool
Dortmund
Betis
FC Porto
Napoli
ATM0
MUN2
BAR3
AVL0
BODO0
LILL0
FEY0
INT3
CD
AUCK
OTAGO
CANT
WELL
ND
ASSAM135
KNTKA496/5 (117 ov)
MEGHA144
NAGA254 & 73/3 (25 ov)
TPURA268 & 54/4 (22 ov)
SAU118
BENG143
MAHA207/9 (79 ov)
ODSA
JHK258/5 (108 ov)
CHD49/3 (20 ov)
TN571/7d
CGR284
HYD275/9 (83 ov)
DELHI299/6 (90 ov)
SVCS266
GOA397
BIHAR107 & 63/3 (22 ov) (f/o)
BAN
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HH-W
MR-W
AS-W
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LUL98/2 (11.4/20 ov, target 98)
POA97/9
BIK174/3
JAB172/7 (20 ov, target 175)
NAC0
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CCU0
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COLG0
ARMY2
PAS0
COR0
TAC1
APC1
Lens
Como
PSV
Club Brugge
RB Leipzig
Man City
LAS4
SLB0
MAN3
ROMA2
Persistent Systems reported $406.2 million revenue for Q2 FY26 ending September 30, 2025, marking 17.6% year-over-year growth and its 22nd consecutive quarter of revenue expansion. The IT services company achieved 16.3% EBIT margin with 43.7% YoY growth, backed by $609.2 million Total Contract Value in new order bookings.
Table of Contents
Persistent Q2 FY26: Financial Highlights
| Metric | Q2 FY26 | QoQ Growth | YoY Growth | Margin % |
|---|---|---|---|---|
| Revenue (USD) | $406.2M | 4.2% | 17.6% | – |
| Revenue (INR) | ₹35,807M | 7.4% | 23.6% | – |
| EBIT | ₹5,837M | 12.7% | 43.7% | 16.3% |
| PAT | ₹4,715M | 11.0% | 45.1% | 13.2% |
22 Consecutive Growth Quarters
Persistent achieved 4.4% constant currency growth quarter-over-quarter, demonstrating sustained momentum in IT services despite global economic headwinds. The company’s 16.3% EBIT margin improved significantly, while profit after tax (PAT) surged 45.1% year-over-year to ₹4,715 million.
Sandeep Kalra, CEO and Executive Director, stated: “This performance reflects our commitment to impactful transformation and execution excellence. Our AI strategy builds on a strong platform-led foundation powered by deep domain knowledge, differentiated IPs, accelerators and strategic partnerships.”
Strong Order Booking Pipeline
Q2 order booking reached $609.2 million in Total Contract Value (TCV) and $447.9 million in Annual Contract Value (ACV), indicating healthy future revenue pipeline. Key wins spanned Software/Hi-Tech, BFSI, and Healthcare sectors.
Notable contracts include accelerating AI infrastructure platforms using SASVA™ for a global infrastructure provider, transforming tax and accounting software for a financial technology platform, and modernizing digital presence for one of the world’s largest healthcare companies.
Industry Recognition and Awards
Everest Group awarded Persistent the ‘Growth Honor of the Year’ for 2025, while the company achieved Leader status in Talent Readiness for Next-generation Cloud Services PEAK Matrix® Assessment 2025. Additional accolades include ISG CX Star Performer Awards, National AI Awards 2025 by CII, and America’s Greatest Workplaces in Tech 2025 by Newsweek.
Leadership Elevation
Jaideep Dhok was elevated to Chief Operating Officer — Technology effective August 12, 2025. Previously Senior VP of BFSI, he now oversees Delivery Excellence, Talent Acquisition/Management, Learning and Development, Alliances and Partnerships, while continuing to lead the APAC region.
For complete financial details and investor presentations, visit Persistent Systems‘ investor relations page for quarterly reports.
Explore more IT services earnings on our technology stocks section covering industry performance.
The Bottom Line: Persistent’s Q2 FY26 results demonstrate robust growth with $406.2 million revenue (17.6% YoY) and improved profitability (16.3% EBIT margin). Strong order bookings worth $609 million TCV position the company for sustained momentum, while industry recognition validates its AI-focused transformation strategy.
