FilingReader Intelligence

Persistent Systems reports strong Q2 FY26 growth, AI advancements

October 20, 2025 at 02:19 PM UTCBy FilingReader AI

Persistent Systems reported Q2 FY26 revenue of $406.2m, a 4.2% quarter-on-quarter and 17.6% year-on-year growth, marking its 22nd consecutive quarter of growth. EBIT margin reached 16.3%, an improvement of 230 basis points year-on-year, with profit after tax at INR 4,714.7m, a 45.1% YoY increase.

Total contract value for the quarter was $609.2m, with new bookings at $350.8m. The company's client metrics showed robust year-on-year growth across key cohorts, with top five clients' revenue up 23.4%. Geographically, Europe led growth at 37.9% YoY, followed by North America at 15.4%. BFSI was the leading industry segment, growing by 30% year-on-year.

Persistent Systems also highlighted its AI-led platform-driven strategy, including the inauguration of an AI experience transformation studio in Pune and over 8,300 internal AI certifications. The company was recognized with multiple ESG ratings, including AA on MSCI ESG ratings, and aims to reach $2bn by the end of FY27.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:PERSISTENTBombay Stock Exchange

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