Persistent Systems Reports Q1 FY27 Revenue Growth with $452.4M in Earnings
Persistent Systems (BSE: 533179) reported a revenue of $452.4 million for the first quarter of fiscal year 2027, marking a 16.1% year-over-year growth and a 3.8% sequential increase. The company also achieved an EBIT growth of 32.7% YoY with its highest-ever quarterly Total Contract Value (TCV) at $1.15 billion. The performance was driven by strong client engagements, including a significant 6.5-year strategic services agreement worth over $650 million with a global technology company. Persistent also announced the signing of a Business Combination Agreement with Nagarro, an European digital engineering firm listed on the Frankfurt Stock Exchange (FSE: NAG), aligning with its M&A strategy to expand capabilities and geographic reach. Persistent's CEO emphasized continued investment in AI-driven platforms through their 3C framework as part of efforts to help clients build Intelligent Enterprises. The company remains focused on leveraging enterprise context from business logic, data, and experience across organizations.
Topics: ebit_growth revenue_growth tcv_record