Company eyes $2B revenue target by FY27, riding on AI-led services strategy
Persistent Systems has reported consolidated revenue of $1,409.1 million for FY25, marking an 18.8% year-over-year growth. The EBIT margin stood at 14.7%, supported by a strong Q4 performance with revenue of $375.2 million, up 4.2% quarter-over-quarter.
This also marks Persistent’s 20th consecutive quarter of revenue growth, reinforcing the company’s focus on operational discipline and AI-driven services.
Persistent declared a final dividend of ₹15 per share, bringing the total dividend for the year to ₹35 in celebration of its 35th anniversary. The Board also appointed CFO Vinit Teredesai as an Additional Director.
“Persistent is leading the AI-led transformation with a clear vision to embed AI across our clients’ digital journey,” said Dr. Anand Deshpande, Founder and Chairman, Persistent
CEO Sandeep Kalra stated: “Despite the macroeconomic uncertainties, our sustained performance highlights the enduring trust of our clients. We’re confident about reaching the $2 billion milestone by FY27, propelled by our AI-led, platform-driven services model.”
Key Metrics:
- FY25 PAT: ₹14,001.6 million (28% YoY growth)
- Q4 EBIT margin: 15.6%
- Q4 order booking: $517.5 million TCV / $350.2 million ACV
Notable Client Wins: Persistent secured significant deals across sectors such as BFSI, Healthcare, and Cybersecurity, including AI-powered analytics platforms, modernized payment solutions, and GenAI-enabled infrastructure transformations.
