Quarterly Result15 Oct 2026, 04:13 pm
Persistent Systems Q2 FY27 Revenue $487.6M, Up 20% YoY
AI Summary
Persistent Systems announced its audited financial results for Q2 FY27, reporting revenue of USD 487.6 million, a 20.0% increase year-over-year. The company also secured approximately 94.04% of Nagarro's share capital, advancing its acquisition strategy. Shareholder approval was obtained for an equity raise of up to USD 450 million. The company highlighted progress in its AI capabilities and strong client wins across various sectors, including Software, Hi-Tech, BFSI, and Healthcare. Order bookings for the quarter were $633.5 million in TCV and $481.0 million in ACV.
Key Highlights
- Q2 FY27 revenue reached USD 487.6M, with 20.0% YoY growth.
- Secured 94.04% of Nagarro's share capital, progressing acquisition.
- Received shareholder approval for an equity raise of up to USD 450M.
- Order bookings were $633.5M TCV and $481.0M ACV.
- Strengthened AI capabilities and secured key client wins.
Price Impact
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