Persistent Systems Reports $1.65 Billion Revenue for FY26, Marking 17.4% Growth

Persistent Systems (BSE & NSE: PERSISTENT) today released its audited financial results for the fiscal year ended March 31, 2026, reporting a consolidated revenue of $1,654.4 million. This figure represents a 17.4% year-over-year increase. The company also announced a quarterly revenue of $436.0 million for Q4 FY26, up 3.2% quarter-on-quarter.

For the full fiscal year, Persistent Systems declared a dividend of ₹40 per share, an increase from ₹35 per share in FY25, subject to shareholder approval at the upcoming Annual General Meeting.

Financial Performance Highlights

Persistent Systems recorded significant growth across key financial metrics for FY26:

Annual Revenue (FY26): $1,654.4 million (₹147,484.5 million), up 17.4% year-over-year in USD and 23.5% in INR.
Annual EBIT (FY26): ₹23,034.7 million, with a margin of 15.6%. This reflects a 31.5% increase year-over-year.
Annual PAT (FY26): ₹18,651.2 million, translating to a 12.6% margin and a 33.2% year-over-year growth.
(Note: FY26 EBIT and PAT margins include a one-time impact of approximately 0.6% and 0.5%, respectively, due to New Labour Codes.)

For the fourth quarter of FY26, the company reported:

Quarterly Revenue (Q4 FY26): $436.0 million (₹40,559.4 million), showing a 3.2% quarter-on-quarter increase in USD and 7.4% in INR. Year-over-year growth for Q4 was 16.2% in USD and 25.1% in INR.
Quarterly EBIT (Q4 FY26): ₹6,591.6 million, with a 16.3% margin, up 21.4% quarter-on-quarter and 30.5% year-over-year.
Quarterly PAT (Q4 FY26): ₹5,292.6 million, achieving a 13.1% margin, with a 20.4% quarter-on-quarter and 33.7% year-over-year growth.

Leadership Commentary

Dr. Anand Deshpande, Founder, Chairman, and Managing Director of [Persistent Systems](https://www.persistent.com), emphasized the company’s long-term strategy. “Our approach has consistently been to build capabilities ahead of demand,” Deshpande stated, highlighting that investments in engineering depth and data foundations are now supporting increased AI adoption across enterprises, fostering deeper client relationships.

Sandeep Kalra, Chief Executive Officer and Executive Director, noted the consistent performance. “We delivered 17.4% year-on-year revenue growth in FY26, with an EBIT margin of 15.6%,” Kalra said, adding that Q4 FY26 marked the 24th consecutive quarter of growth, reflecting execution consistency and alignment with client demand in an AI-driven market. Kalra also mentioned that the company’s AI-first strategy is enhancing its operational model and improving service delivery.

Here is the Financial Highlights for the Quarter ended March 31, 2026:

	Q4FY26	Margin %	Q-o-Q Growth	Y-o-Y Growth
Revenue (USD Million)	436.0		3.2%	16.2%
Revenue (INR Million)	40,559.4		7.4%	25.1%
EBIT (INR Million)	6,591.6	16.3%	21.4%*	30.5%
PBT (INR Million)	6,739.8	16.6%	19.3%	33.4%
PAT (INR Million)	5,292.6	13.1%	20.4%*	33.7%

Business Developments and Client Engagements

Persistent Systems reported an order booking of $600.8 million in Total Contract Value (TCV) and $445.1 million in Annual Contract Value (ACV) for the quarter ended March 31, 2026.

Key client wins during Q4 FY26 included:

Software, Hi-Tech & Emerging Industries: An engineering carveout project for an industrial technology leader to transition from hardware-centric to software-led platforms; cloud modernization for a U.S. telecom provider; and advancing an AI-enabled social intelligence platform for a risk intelligence leader.
Banking, Financial Services & Insurance: Scaling an enterprise platform for a tax and accounting software provider; modernizing a payments platform for a Nordic bank; and co-building a digital underwriting platform for an Australian life insurance provider.

Healthcare & Life Sciences: Orchestrating a multi-phase program for a molecular diagnostics company; reimagining a CRO platform with unified digital, data, and AI systems for a life sciences leader; and enhancing a care management platform for a kidney care management provider.

Leadership Appointments

Persistent Systems has expanded its executive team with two new appointments:

Ruchi Kulhari joined as Executive Vice President – Enterprise Strategy & Execution. In this role, Kulhari will collaborate with the CEO and executive leadership to translate strategic priorities into measurable initiatives across business units.
Hari S. Abhyankar was appointed Executive Vice President and Global Head of Private Equity and Professional Services. He will lead the company’s global strategy and growth across private equity investors, their portfolio companies, and professional services organizations.

Other Company News and Recognitions

In other recent developments, Persistent Systems was recognized as the fastest-growing IT services brand globally in the 2026 Brand Finance IT Services 25 Report and listed among Asia-Pacific’s Top 10 Professional Services Companies by TIME in 2026. The company also received recognition among BW Businessworld Group’s India’s Most Sustainable Companies and awards at The Economic Times Human Capital Awards.

Analysts have also noted Persistent’s strong positioning, with the company cited as a Leader in Everest Group’s Private Equity (PE) Services PEAK Matrix® Assessment 2026 and Software Product Engineering PEAK Matrix® Assessment 2026.

Further emphasizing its focus on advanced technologies, Persistent launched an AI-powered Generative Molecules and Virtual Screening Solution, leveraging NVIDIA technology, and a Merchant Risk Management Solution powered by Databricks AI. The company also expanded its global footprint with the opening of a Melbourne Innovation Center to support enterprise modernization and AI adoption. For more insights on current industry trends and company performances, readers can refer to the latest tech appliance news and market analyses.