SANTA CLARA, Calif. and PUNE, India, April 21, 2026
Achieves $436.0M revenue in Q4, up 3.2% Q-o-Q, declares full year dividend of ₹40 per share
SANTA CLARA, Calif. and PUNE, India, April 21, 2026 /PRNewswire/ -- Persistent Systems (BSE: 533179) (NSE: PERSISTENT) today announced the Company's audited financial results for the quarter and year ended March 31, 2026, as approved by the Board of Directors.
Consolidated Financial Highlights for the Financial Year 2025-26:
| | FY25 | FY26 | Margin% | Y-o-Y Growth |
| Revenue (USD Million) | 1,409.1 | 1,654.4 | | 17.4 % |
| Revenue (INR Million) | 119,387.2 | 147,484.5 | | 23.5 % |
| EBIT (INR Million) | 17,512.6 | 23,034.7 | 15.6%* | 31.5 % |
| PBT (INR Million) | 18,223.1 | 24,112.1 | 16.3 % | 32.3 % |
| PAT (INR Million) | 14,001.6 | 18,651.2 | 12.6%* | 33.2 % |
| * Including one-time impact of ~0.6% on EBIT and ~0.5% on PAT in FY26 due to New Labour Codes | ||||
Consolidated Financial Highlights for the Quarter ended March 31, 2026:
| | Q4FY26 | Margin % | Q-o-Q Growth | Y-o-Y Growth |
| Revenue (USD Million) | 436.0 | | 3.2 % | 16.2 % |
| Revenue (INR Million) | 40,559.4 | | 7.4 % | 25.1 % |
| EBIT (INR Million) | 6,591.6 | 16.3 % | 21.4%* | 30.5 % |
| PBT (INR Million) | 6,739.8 | 16.6 % | 19.3 % | 33.4 % |
| PAT (INR Million) | 5,292.6 | 13.1 % | 20.4%* | 33.7 % |
| * Including one-time impact of New Labour Codes in Q3 FY26 | ||||
The Board of Directors recommended a Final Dividend of ₹18 per share. This translates to ₹40 per share for FY26 compared to ₹35 per share for FY25. The Final Dividend recommended by the Board is subject to approval at the ensuing Annual General Meeting.
Dr. Anand Deshpande, Founder, Chairman and Managing Director, Persistent:
"Our approach has consistently been to build capabilities ahead of demand. Over the past 36 years, we have invested in strengthening our engineering depth and data foundations, which are now finding greater application as AI adoption scales across enterprises. These investments are leading to deeper client relationships and a more meaningful role in how our clients are reshaping their businesses in the context of AI. We will continue to build and adapt our capabilities as the market evolves, with the same long-term discipline."
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent:
"We delivered 17.4% year-on-year revenue growth in FY26, with an EBIT margin of 15.6%. I am pleased to share that we have declared a full-year dividend of ₹40 per share. Q4 FY26 marked our 24th sequential quarter of growth, reflecting the consistency of our execution and alignment to client demand in a market being shaped by AI. As AI adoption accelerates, our AI-first strategy is strengthening our operating model and improving the quality and scale of delivery across the business.
Our growth momentum continues to be recognized in the market, with Brand Finance naming Persistent the fastest-growing IT services brand globally in 2026.
We are deeply grateful to our employees for their unwavering commitment, and to our clients, partners and shareholders for their continued trust and belief, enabling our progress."
Fourth Quarter FY26 Client Wins and Outcomes
The order booking for the quarter ended on March 31, 2026, was $600.8 million in Total Contract Value (TCV) and $445.1 million in Annual Contract Value (ACV).
Some of the key wins for the quarter include:
Software, Hi-Tech & Emerging Industries
Banking, Financial Services & Insurance
Healthcare & Life Sciences
Leadership Changes
Other News in the Quarter
About Persistent
Persistent Systems (BSE: 533179) (NSE: PERSISTENT) is a global services and solutions company delivering AI-led, platform-driven Digital Engineering and Enterprise Modernization to businesses across industries. With over 27,500 employees located in 18 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company is part of the MSCI India Index and is included in key indices of the National Stock Exchange of India, including the Nifty Midcap 50, Nifty IT, and Nifty MidCap Liquid 15, as well as several on the BSE such as the S&P BSE 100 and S&P BSE SENSEX Next 50. Persistent is also a constituent of the Dow Jones Sustainability World Index. The Company has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. Persistent has also been named one of America's Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek and Plant A Insights Group. As a participant of the United Nations Global Compact, the Company is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 468% growth in brand value since 2020, Persistent is the fastest-growing IT services brand in 'Brand Finance India 100' 2025 Report.
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs
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