Persistent Announces $406.2M Revenue in Q2 FY26 with 17.6% Y-o-Y Growth

Persistent Systems announced the Company’s audited financial results for the quarter ended September 30, 2025, as approved by the Board of Directors.

Consolidated Financial Highlights for the Quarter ended September 30, 2025:

Mr. Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent,

“We are pleased to report our 22^nd sequential quarter of revenue growth, up 4.2% Q-o-Q and 17.6% Y-o-Y, with operating margin improving to 16.3%. Driven by the continued trust of our clients, this performance reflects our commitment to impactful transformation and execution excellence.

Our AI strategy builds on a strong platform-led foundation and is powered by deep domain knowledge, differentiated IPs, accelerators and strategic partnerships. This integrated approach brings together enterprise readiness for AI transformation, engineering hyper-productivity and business hyper-productivity, enabling clients to scale innovation, modernize their core and achieve measurable impact faster.

Our sustained momentum was recognized by Everest Group with the ‘Growth Honor of the Year,’ and our talent excellence reaffirmed by our placement as a Leader in the Talent Readiness for Next-generation Cloud Services PEAK Matrix^® Assessment 2025, underscoring the strength of our capabilities and commitment to long-term stakeholder value.”

Second Quarter FY26 Client Wins and Outcomes

The order booking for the quarter ended on September 30, 2025, was $609.2 million in Total Contract Value (TCV) and $447.9 million in Annual Contract Value (ACV).

Some of the key wins for the quarter include:

Software, Hi-Tech & Emerging Industries

• Accelerating strategic pivot through 360° collaboration and go-to-market partnership to build and scale AI infrastructure platforms using SASVA™ for a fast-growing global infrastructure provider
• Driving end-to-end R&D for a portfolio of mature endpoint security products and enabling customer migration to next-generation products for a global cybersecurity leader
• Developing and maintaining critical grid technology platform by setting up an offshore R&D center for one of the world’s largest energy technology companies

Banking, Financial Services & Insurance

• Enhancing customer experience and driving business growth by transforming the tax and accounting software for a global financial technology platform
• Transforming IT and business processes across product, engineering and operations for a leading global financial services company enabling tax-advantaged savings
• Leveraging GenAI to reimagine business operations and relationship management for improved customer experience for one of the leading global wealth management companies

Healthcare & Life Sciences

• Driving deeper engagement with commercial healthcare clients through modernization of digital presence for one of the world’s largest healthcare companies
• Improving patient, radiologist, and caregiver experience through consolidation of imaging applications and strengthened data integrity for a leading US-based nonprofit healthcare organization
• Unifying order management systems across core diagnostic products for a global leader in molecular diagnostic testing and precision medicine

Leadership Changes

• Mr. Jaideep Dhok elevated as Chief Operating Officer – Technology, effective August 12, 2025. He previously served as Senior Vice President – Banking, Financial Services and Insurance at Persistent. In his new role, Jaideep oversees Delivery Excellence, Talent Acquisition/Talent Management, Learning and Development as well as Alliances and Partnerships, while continuing to lead the APAC region and contributing to the Company’s AI strategy.

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