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Revenue
₹4,056 Cr
verified against source
Revenue YoY
25.1%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Persistent Systems delivered a strong Q4 FY26 with revenue of $436M (16.2% YoY) and PAT growth of 33.7% YoY to ₹5,292.6M. EBIT margin expanded 190bps QoQ to 16.3%, driven by operational efficiencies and favorable currency. BFSI vertical led with 24.4% YoY growth, reaching a $600M annualized run rate. The company reported TCV bookings of $600.8M, including a $150M+ deal with a Japanese industrial tech leader. Management reiterated confidence in reaching a $2B revenue run rate by Q4 FY27, 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.
Colored figures show movement against the previous available record.
Guidance to track
- Management reiterated confidence in achieving a $2B annualized revenue run rate by the end of FY27, plus or minus a quarter.
- Management aspires to maintain EBIT margins in the 16-17% range, with growth and investment as higher priorities.
- Persistent plans to host an AI investor day in Pune in early June to showcase AI capabilities, partnerships, and customer case studies.
Risks flagged
- Prolonged Middle East conflict could keep oil prices high, fueling inflation and impacting IT spending across the sector.
- Pilot-to-enterprise-scale AI adoption is slower in BFSI and healthcare due to regulatory hurdles, potentially limiting near-term revenue upside.
- Rapid AI tool advancements may compress software development life cycles, reducing billable hours in tech verticals.
- Europe revenue declined 1.8% sequentially; management acknowledged the need to double down but did not provide a clear recovery timeline.
Key quotes
- We are increasingly being brought in as a credible challenger to tier one outsourcing firms by our customers and prospect.
- Our aspiration continues to be in the 16 to 17% range. But remember in this environment our first priority is growth.
- We are a very very small company at $1.7 billion roughly... there is enough new outsourcing that may happen from these tech companies and much more than that there will be market share rotation.
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