Persistent Systems Q1 FY27 Revenue at $452.4M, Up 16.1% YoY
Persistent Systems announced its audited financial results for the quarter ended June 30, 2026 (Q1 FY27). The company reported a revenue of $452.4 million, marking a 16.1% year-over-year growth and a 3.8% sequential increase. EBIT grew 32.7% YoY to ₹6,868.8 million. The company achieved a record quarterly Total Contract Value (TCV) of $1.15 billion, including a significant $650 million strategic services agreement with a global technology firm. Persistent also announced a Business Combination Agreement with Nagarro, a European digital engineering company, aligning with its M&A strategy for capability enhancement and geographic expansion. The CEO highlighted continued momentum in larger client engagements and investments in AI capabilities.
Key Highlights
- Q1 FY27 revenue reached $452.4M, a 16.1% YoY increase.
- Record quarterly TCV of $1.15B secured, including a $650M deal.
- EBIT grew 32.7% YoY.
- Announced Business Combination Agreement with Nagarro.
- Focus on scaling AI capabilities and building Intelligent Enterprises.
Price Impact
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