Persistent Systems ( BSE : 533179 ) ( NSE : PERSISTENT ) announced on October 15, 2026, that the company's board of directors has approved the audited financial results for the quarter ending September 30, 2026.

The company is located in San Jose, California, USA, and Pune, India.

Key Consolidated Financial Highlights for the Quarter Ended September 30, 2026

CEO and Executive Director Sandeep Kalra stated: "We are delighted to report that Q2 FY27's revenue reached 487.6 million US dollars, marking the 26th consecutive quarter of growth. This represents a quarter-on-quarter increase of 7.8% and a year-on-year increase of 20.0%, with EBIT's profit margin at 15.0%."

We have made substantial progress in advancing the acquisition of Nagarro. We have acquired approximately 94.04% of its share capital and voting rights, excluding treasury shares. At the special general meeting of shareholders, we obtained approval for equity financing of up to $450 million, with the total ceiling for equity and loans amounting to $1.25 billion. The proposed transaction is in line with our long-term mergers and acquisitions strategy, aimed at enhancing engineering capabilities, expanding geographical coverage, and increasing global delivery capacity. We appreciate the trust of our shareholders and financing partners and will continue to work towards completing the transaction.

At the same time, we continue to enhance the capabilities of AI through the 3C framework and the AI drive platform. Our focus is on building a corporate context within the customer environment, which evolves with subsequent collaborations, and we continuously improve value as models, platforms, and agents change.

I sincerely thank our customers, partners, employees, and shareholders for their trust and support throughout the years. As Persistent embarks on an important new chapter, we look forward to continuing to move forward on this momentum.

FY27 Customer Orders and Achievements for the Second Quarter

The order signing amount for the quarter ending September 30, 2026, amounts to a total contract value of $633.5 million ( TCV ) and an annual contract value of $481 million ( ACV ).

Some important contracts this quarter include:

Software, High Technology, and Emerging Industries

• Accelerate the modernization of large-scale hosts and legacy systems through the AI ecosystem, cutting-edge models, and a certified team of Forward Deployed Engineers ( FDEs ) experts, enabling a leading hyperscale cloud service provider to drive platform transformation across various industries.
• Reconstruct a critical Salesforce ecosystem through managed services, platform integration, and Customer 360 driven by AI, transitioning it from a stable phase to continuous delivery, and unifying sales, services, and operations, so that customers become part of a leading provider of storage and handling services.
• Strengthen data and AI foundations to keep up with growth driven by mergers and acquisitions, address system fragmentation issues, accelerate brand integration, and provide personalized services driven by AI. The client is an emerging American beauty company.

Banks, Financial Services, and Insurance

• By migrating to a cloud-native insurance platform, a large legacy system that modernized the management of personal insurance policies enabled a Fortune 500 insurance company in the United States to achieve modern pricing capabilities, reduce costs, and enhance flexibility.
• Leverage the AI intelligent entity to simplify the supervision of legacy branches and the financing operations of equipment, eliminate manual inefficiencies and data fragmentation, enhance consistency, scalability, and compliance. At the same time, it allows bank employees to focus more on customers, for a leading American bank.
• Case management automated and simplified by the agent AI reduces complex and time-consuming asset transfers, wire transfers, and estate settlement processes, lowers total cost of ownership, and achieves near-real-time processing. The client is a large American financial services company.

Healthcare and Life Sciences

• Through a delivery model empowered by supplier integration and AI, the dispersed operations of ERP, infrastructure, and hosting services are unified, enhancing responsibility allocation and optimizing costs for a cancer center in the United States.
• Undertake end-to-end AI enhanced product engineering and strengthen security to address scalability, support requirements, and critical personnel dependencies, while also accelerating product releases. The client is a provider of life science insights platforms in the United States.
• By leveraging well-governed data platforms and agents AI, we expand the capabilities of data and AI to address issues related to data dispersion and the limited adoption of AI. This provides caregivers with timely insights and improves nursing outcomes. The client is a US-based family care service provider.

Other news this quarter

• Persistent Acquires a Strong Majority Stake
• Persistent Shareholders' voting in support of Nagarro Tender
• Persistent won five awards in ISG ( Information Services Group ) Provider Lens ™ Awards 2026
• For the second consecutive year, Persistent has been awarded the Annual Growth Honor in Everest Group Elevate 2026.
• Persistent won an award in the Climate Action and Carbon Neutrality Leadership category of BW Sustainable World Awards 2026
• The talent supply chain case of Persistent was prominently mentioned in the ISB case study published by Harvard Business School's Business Impact ( Harvard Business Impact ).
• Persistent rated as one of the best workplaces in the US tech industry in 2026 by Newsweek
• Persistent won awards in seven categories during the period from People Matters Infini to T Awards India in 2026.
• Persistent won gold and silver awards in the areas of human resources leadership, technology, learning, and performance management in BW People HR Excellence Awards 2026.

About Persistent

Persistent Systems ( BSE : 533179 ) ( NSE : PERSISTENT ) is a global services and solutions company that provides platform-driven digital engineering and enterprise modernization services led by AI to enterprises in various industries. The company has over 29,500 employees in 21 countries and is committed to innovation and customer success. Persistent offers a comprehensive range of services including software engineering, product development, data and analytics, customer experience transformation, cloud computing, and agent business automation. It is a constituent stock of MSCI India Index and is included in several important indices of the National Stock Exchange of India, such as the Nifty Midcap 50, Nifty IT, and Nifty MidCap Liquid 15, as well as in several indices of the Bombay Stock Exchange, like the S& P BSE 100 and S& P BSE SENSEX Next 50. Persistent was recognized by Newsweek and Plant A Insights Group as one of the best workplaces in the US technology sector for 2026. The company is also a constituent stock of Dow Jones Best - in - Class World Index. Persistent has achieved carbon neutrality, reflecting its commitment to sustainable development and responsible business practices. As a participant in the United Nations Global Compact, the company is committed to aligning its strategies and operations with universal principles such as human rights, labor, environment, and anti-corruption, and takes action to promote social goals.With a year-on-year increase of 22% in brand value, Persistent was recognized as the fastest-growing IT service brand globally in the 2026 Brand Finance IT Services report. It ranked among the top 25 largest IT service brands worldwide and was also positioned as the 12th strongest brand.

Forward-looking and Cautionary Statements

For information regarding the risks and uncertainties associated with forward-looking statements, please visit persistent.com / FLCS.