Persistent Systems, a global leader in Digital Engineering and Enterprise Modernization, has been named the recipient of the “Growth Honor of the Year” at the 2025 Everest Group Elevate Honors. This recognition is awarded to companies with annual revenue between $1–5 billion that demonstrate exceptional and sustained growth.
The award highlights Persistent’s consistent performance, driven by its focus on innovation, client value, and disciplined execution. Among publicly listed global service providers, Persistent stood out for its leading organic, constant-currency revenue growth—achieved without acquisitions inflating the topline.
The award is grounded in Everest Group’s independent, analyst-driven evaluation of financial results, honoring companies that demonstrate consistent growth while standing out in their market. Persistent has maintained an impressive streak of 21 consecutive quarters of revenue growth, supported by a well-defined, long-term strategic vision.
As of Q1 FY26, Persistent reported trailing twelve-month revenue of $1,470.7 million, reflecting a four-year compound annual growth rate (CAGR) of 25.6% from FY21 to FY25. Since its IPO in 2010, the company has achieved a CAGR of 17.4%, and over the past five years, it has delivered an outstanding shareholder return of 1,805.2%, underscoring its strong value creation.
Persistent’s strategic use of emerging technologies, including AI-driven and platform-based services, has played a pivotal role in sustaining its upward momentum. Key offerings such as SASVA™, iAURA, and the GenAI Hub have positioned the company at the forefront of digital transformation initiatives.
Despite a volatile macroeconomic landscape, Persistent has delivered measurable business outcomes through a blend of innovation, market insight, and a strong partner network. Its global workforce of over 25,000 professionals continues to deliver high-impact solutions across industries. This award was presented during Everest Group Elevate – Dallas 2025, an event bringing together global business leaders to explore growth strategies and innovation at scale.
Sandeep Kalra, CEO and Executive Director, Persistent Systems “This recognition reflects the continued trust of our clients, the dedication of our global team, and the strength of our ecosystem partnerships. Our platform-led, AI-focused approach has powered sustained growth and delivered measurable value. We remain committed to scaling new heights as we progress toward our goal of becoming a $5 billion enterprise by FY31.”
Ronak Doshi, Partner, Everest Group “The Growth Honor of the Year recognizes companies that demonstrate consistent, outstanding performance based on objective analysis. Persistent’s achievements are a testament to its strategic clarity, execution discipline, and focus on long-term value.”
Persistent Systems is a global solutions provider delivering AI-powered, platform-centric services across industries. With operations in 18 countries and over 25,000 employees, the company offers a broad suite of services, including software engineering, digital product development, cloud, data and analytics, intelligent automation, and CX transformation.
Persistent is a member of major indices including the MSCI India Index, Nifty Midcap 50, Nifty IT, S&P BSE 100, and the Dow Jones Sustainability World Index. The company has also achieved carbon neutrality and continues to prioritize sustainable and ethical business practices.
In 2025, Persistent was recognized among America’s Greatest Workplaces for Inclusion & Diversity by Newsweek and Plant A Insights Group. It is also a participant in the United Nations Global Compact, aligning its operations with key global principles on sustainability, human rights, and governance. According to the Brand Finance India 100 – 2025 Report, Persistent has seen a 468% increase in brand value since 2020, making it the fastest-growing IT services brand in the country.
