Persistent Systems Reports $406.2M Revenue in Q2 FY26, 17.6% Y-o-Y Growth, 16.3% EBIT Margin
Persistent Systems reported robust Q2 FY26 results with $406.2 million revenue, up 17.6% Y-o-Y, and a 16.3% EBIT margin. The company achieved its 22nd sequential quarter of revenue growth, supported by a strong AI strategy and significant client wins.
The announcement provides comprehensive quarterly financial results, which are key indicators of the company's health and future prospects. The strong growth, improved profitability, and positive management outlook are critical factors that will significantly influence investor sentiment and market valuation.
The company reported strong financial performance with 22 consecutive quarters of revenue growth, significant year-on-year increases in revenue, EBIT, PBT, and PAT, improved operating margins, and a healthy order book, all indicating positive business momentum.
Persistent Systems announced its audited financial results for the quarter and half year ended September 30, 2025, as approved by the Board of Directors on October 14, 2025. * Consolidated Financial Highlights for Q2 FY26: * Revenue: $406.2 million (₹3,580.72 crore), reflecting a 4.2% quarter-on-quarter and 17.6% year-on-year growth. Constant currency growth stood at 4.4%. * EBIT: ₹583.74 crore, with a 16.3% margin, showing 12.7% quarter-on-quarter and 43.7% year-on-year growth. * PBT: ₹616.83 crore, with a 17.2% margin, achieving 11.1% quarter-on-quarter and 42.0% year-on-year growth. * PAT: ₹471.47 crore, with a 13.2% margin, demonstrating 11.0% quarter-on-quarter and 45.1% year-on-year growth. * Sandeep Kalra, Chief Executive Officer and Executive Director, expressed satisfaction with the 22nd sequential quarter of revenue growth and improved operating margin. He emphasized the company's AI strategy, built on a platform-led foundation with deep domain knowledge and strategic partnerships, and highlighted industry recognitions such as the ‘Growth Honor of the Year’ from Everest Group and leadership in the Talent Readiness for Next-generation Cloud Services PEAK Matrix® Assessment 2025. * The order booking for the quarter ended September 30, 2025, reached $609.2 million in Total Contract Value (TCV) and $447.9 million in Annual Contract Value (ACV). * Key client wins for the quarter included projects across Software, Hi-Tech & Emerging Industries, Banking, Financial Services & Insurance, and Healthcare & Life Sciences, focusing on AI infrastructure, R&D, digital transformation, and enhanced customer experiences. * Leadership Changes: Jaideep Dhok was elevated to Chief Operating Officer – Technology, effective August 12, 2025. In this role, he oversees Delivery Excellence, Talent Acquisition/Management, Learning and Development, and Alliances and Partnerships, while continuing to lead the APAC region and contribute to the Company’s AI strategy. * Other notable achievements and recognitions during the quarter included winning ISG CX Star Performer Awards, National AI Awards 2025, being named one of America’s Greatest Workplaces in Tech 2025 by Newsweek, and multiple honors at the People Matters InfiniT Awards 2025.
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