Persistent Reports 22nd Consecutive Quarterly Growth with 24% Jump

Persistent Systems has posted another strong quarter, with net profit jumping 45.1% year-on-year to ₹471.4 crore in Q2 FY26, well above Street estimates of ₹436 crore. 

Revenue from operations rose 23.6% to ₹3,580.7 crore. The performance was driven by strong order wins, improved operating efficiency, and continued momentum across key verticals.

Operating profit rose 43.7% to ₹583.7 crore, with EBIT margins expanding to 16.3% from 15.7% expected. In dollar terms, revenue stood at $406.2 million, up 4.2% sequentially and 17.6% year-on-year.

“This marks Persistent’s 22nd consecutive quarter of revenue growth,” said Sandeep Kalra, CEO and executive director. “Driven by the continued trust of our clients, this performance reflects our commitment to impactful transformation and execution excellence.”

Kalra said the company’s AI strategy is built on a platform-led model that combines domain expertise, proprietary tools, and partnerships to help enterprises modernise operations and accelerate measurable outcomes.

Persistent reported Total Contract Value (TCV) of $609.2 million and Annual Contract Value (ACV) of $447.9 million for the quarter ended September 30, 2025—up from $520.8 million and $385.3 million respectively in Q1. 

During the quarter, Jaideep Dhok was elevated as Chief Operating Officer – Technology.

In comparison, the company had reported a 22% rise in revenue and a 39% jump in profit in Q1 FY26, with ₹3,333.5 crore in revenue and ₹424.9 crore in profit. Sequentially, revenue has now grown 7.4%, while profit has increased 11% over the June quarter.

Persistent’s steady execution and consistent deal flow continue to set it apart from larger peers struggling to grow. 

With 22 straight quarters of growth and expanding margins, the company remains one of the few mid-tier IT firms consistently beating expectations, keeping it firmly on track toward its $2 billion annual revenue goal by FY27.