Persistent Reports Profit Drop, Announces Nagarro Acquisition 2026

Persistent Systems is a software company that helps other businesses use technology.

In the last quarter, it made less money than before—about 8.7% less—because it lost money on foreign currency changes.

But it still sold more software, growing its sales by 6.1% to about 4.3 billion rupees.

The company also won big contracts, earning a record $1.15 billion in total contract value.

It is buying a European engineering firm called Nagarro for about €1.4 billion, using a loan from banks.

The deal should finish by the end of 2026 or early 2027.

Persistent plans to use this purchase to grow its AI services and become a global engineering leader.

After the purchase, the combined company will have about $2.9 billion in revenue and 46,000 employees.

The company’s work utilisation fell a little, but it added more than a thousand new staff.