Persistent Systems (BSE: 533179 | NSE: PERSISTENT) has announced its audited financial results for the quarter ended June 30, 2026, delivering another strong quarter with double-digit revenue growth, improved profitability and the highest quarterly order booking in the company’s history. The digital engineering and enterprise modernization company reported revenue of $452.4 million, reflecting a 16.1% year-on-year and 3.8% quarter-on-quarter increase. The company also recorded 32.7% year-on-year growth in EBIT, with the EBIT margin improving to 16%.
Quarterly order bookings reached a record Total Contract Value (TCV) of $1.146 billion, while Annual Contract Value (ACV) stood at $536.8 million. Persistent also achieved its 25th consecutive quarter of revenue growth, underlining sustained business momentum across global markets.
Commenting on the results, Sandeep Kalra, Chief Executive Officer and Executive Director, said the company’s performance was supported by growing demand for large-scale digital transformation projects and long-term strategic partnerships. He highlighted that the record TCV included a 6.5-year strategic services agreement worth more than $650 million with a leading global technology company.
Kalra said the company also signed a Business Combination Agreement with Nagarro, a leading European digital engineering company. The proposed combination is expected to strengthen Persistent’s global presence, enhance its engineering capabilities and expand its reach across industries and geographies.
He added that enterprises are increasingly looking beyond AI models and focusing on building enterprise-wide intelligence by combining business processes, data and organizational knowledge. Persistent continues to invest in its AI-led platforms and its 3C framework to help customers modernize operations, improve productivity and generate greater business value through artificial intelligence.
During the quarter, Persistent secured several strategic engagements across software, banking, healthcare and life sciences. These included AI-led engineering and cloud operations for one of the world’s largest technology companies, enterprise modernization for a leading cloud security provider, digital transformation projects for major global banks, and data platform modernization initiatives for healthcare and genomics organizations. The company also expanded its partnership ecosystem through a strategic alliance with Kong to accelerate secure enterprise AI adoption and earned new Databricks specializations across multiple industries and service lines.
Persistent received several industry recognitions during the quarter, including being named a Leader in the ISG Provider Lens® Digital Engineering Services 2026 report for the US and Europe. It also secured top rankings for the third consecutive year in Extel’s 2026 Asia Executive Team Survey.
With more than 28,500 employees across 21 countries, Persistent Systems provides AI-led digital engineering, software development, cloud, data, analytics and enterprise modernization services to clients worldwide. The company continues to strengthen its global market position through innovation, strategic partnerships and acquisitions while maintaining its commitment to sustainability, responsible business practices and long-term value creation for customers and shareholders.
