• Quarterly financial results: Persistent Systems reported a 7.4% QoQ growth in rupee revenue (3.1% in US dollars, 3.4% in constant currency), a 20% QoQ increase in profit, and EBITDA margins of 16.3%.
• Vertical revenue growth: Growth was broad-based, led sequentially by Healthcare and Life Sciences, while the Banking and Financial Services vertical expanded by over 24% year-on-year.
• FY27 revenue milestone: Management remains confident in reaching its target of $2 billion in revenue by the FY27 exit, maintaining strong trajectory compared to its 5-year CAGR of nearly 24%.
• AI deal momentum: Deal pipeline strength is driven by embedding AI and efficiency solutions across core regulated sectors, supported by commercial traction and licensing for its proprietary AI solution, SASWA.