Persistent Systems

Persistent Systems delivered a strong Q4 FY26 with revenue of $436MCurrent reported value: $436M. No comparable prior figure is available in the source record. (16.2% YoY) and PAT growth of 33.7% YoYCurrent reported value: 33.7% YoY. No comparable prior figure is available in the source record. to ₹5,292.6M. EBIT margin expanded 190bps QoQ to 16.3%Current reported value: 16.3%. No comparable prior figure is available in the source record., driven by operational efficiencies and favorable currency. BFSI vertical led with 24.4% YoY growthCurrent 24.4% YoY growth. Reported change: +24.4% YoY., reaching a $600M annualized run rate. The company reported TCV bookings of $600.8MCurrent $600.8M. Reported change: -23% QoQ., including a $150M+ deal with a Japanese industrial tech leader. Management reiterated confidence in reaching a $2B revenue run rate by Q4 FY27Current reported value: $2B revenue run rate by Q4 FY27. No comparable prior figure is available in the source record., with margin aspiration of 16-17%. AI adoption is accelerating, particularly in tech and BFSI, though enterprise-scale deployment remains slower in regulated sectors. Key risk: prolonged geopolitical tensions could impact macro demand and delay client spending decisions.