What was Persistent Systems's revenue in Q4 FY26?

Persistent Systems reported revenue of ₹4,056 Cr in Q4 FY26, a +25.1% change year-over-year.

Did Persistent Systems management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Persistent Systems Q4 FY26 Research Workspace: Revenue ₹4,056 Cr (+25.1%)

Q: What guidance did Persistent Systems management give?

$2B revenue run rate by Q4 FY27: Management reiterated confidence in achieving a $2B annualized revenue run rate by the end of FY27, plus or minus a quarter.

Revenue ₹4,056 Cr +25.1%

EBITDA —

PAT ₹529 Cr +33.7%

EBITDA Margin 19%

Duration 62 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

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.

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Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Geopolitical tensions and macro uncertainty

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Quarter Snapshot

Total Contract Value (TCV) Bookings $600.8M

-23% QoQ

Sequential moderation due to normal seasonality; Q3 typically sees peak renewals.

Annual Contract Value (ACV) from New Bookings $272.7M

N/A

Healthy new business ACV, contributing to future revenue conversion.

BFSI Vertical Revenue Growth 24.4%

+24.4% YoY

BFSI annualized run rate reached $600M, driven by product engineering and data modernization.

Headcount 27,752

+791 QoQ

Net addition of 791 employees; utilization flat at 88%, attrition improved to 13%.

Fast read

Guidance and risk preview

Top guidance $2B revenue run rate by Q4 FY27

Management reiterated confidence in achieving a $2B annualized revenue run rate by the end of FY27, plus or minus a quarter.

Top risk Geopolitical tensions and macro uncertainty

Prolonged Middle East conflict could keep oil prices high, fueling inflation and impacting IT spending across the sector.