Archive · 3 Aug 2026
Persistent Systems Q1 Profit Falls 8.7% Sequentially, Rises 13.7% YoY
Persistent Systems, a software company in India, said it made ₹483 crore in profit for the first quarter of its 2027 financial year.
That profit was a little lower than the previous quarter, but higher than the same quarter last year.
The company earned more money from its services, especially in software and banking.
It also signed a big deal with a European engineering firm called Nagarro, which will help it grow.
The CEO talked about using AI to help customers and thanked everyone who supports the company.
Net profit of ₹483 crore, 8.7% lower than the prior quarter but 13.7% higher than the same quarter last year.
Revenue rose 6% sequentially to ₹4,303 crore, up 29% year‑on‑year, led by Software, Hi‑Tech & Emerging Industries and BFSI segments.
Signed a business‑combination agreement with Nagarro, targeting a combined revenue run‑rate of about $2.9 billion.
CEO Sandeep Kalra highlighted a record quarterly total contract value of $1.15 billion and investment in AI‑driven 3C framework.
EBIT fell 11.8% sequentially to ₹582 crore, with the margin contracting to 13.5% from 16.3%.
- Who
- Persistent Systems Limited and CEO Sandeep Kalra
- What
- Reported Q1 FY27 financial results
- When
- April–June 2027
- Where
- Mumbai, India
- Why
- To disclose performance, highlight growth, and announce M&A and AI initiatives
- Net profit
- ₹483 crore
- Revenue
- ₹4,303 crore
- EBIT
- ₹582 crore
- Total Contract Value
- $1.15 billion
- Nagarro deal run‑rate
- $2.9 billion
