Persistent Systems Ltd reported a robust set of numbers for the second quarter of FY26, comfortably surpassing Street estimates with double-digit growth in revenue and profit. The IT services company’s performance was driven by strong order wins, improving operating efficiency, and continued momentum across key verticals.
Operating profit (EBIT) rose 43.7 percent to Rs 583.7 crore, translating into a margin of 16.3 percent, compared with the estimated 15.7 percent. In dollar terms, revenue stood at $406.2 million, up 4.2 percent sequentially and 17.6 percent year-on-year.
Kalra said the company’s AI strategy rests on a platform-led model strengthened by domain expertise, proprietary tools, and strategic partnerships. This is aimed at helping enterprises modernise operations, boost productivity, and accelerate measurable outcomes.
Persistent reported Total Contract Value (TCV) of $609.2 million and Annual Contract Value (ACV) of $447.9 million for the quarter ended September 30, 2025. During the quarter, Jaideep Dhok was elevated as Chief Operating Officer -- Technology.
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