In a resounding display of financial strength and market resilience, digital engineering and enterprise modernization firm Persistent Systems has announced its 22nd consecutive quarter of revenue growth, underscoring a period of sustained momentum that sets it apart in the competitive IT services landscape. The company revealed a significant 23.59% year-on-year increase in revenue from operations, which reached ₹3,580 crore for the quarter ending September 30, 2025.[1] This performance was notably complemented by a dramatic 45.07% surge in year-on-year net profit, which stood at ₹471.4 crore.[1][2] The results, which surpassed market expectations, were fueled by robust order bookings and expanding operational efficiency, signaling strong continued demand for the company's services, particularly in the realm of artificial intelligence.[3][2] In dollar terms, the company's revenue grew to $406.2 million, marking a 17.6% increase from the previous year and a 4.2% rise from the preceding quarter.[4][3] This consistent growth trajectory is further evidenced by the strong deal pipeline, with a reported Total Contract Value (TCV) of $609.2 million and an Annual Contract Value (ACV) of $447.9 million for the quarter.[1][5]

Delving deeper into the financial metrics, the company's performance reflects a combination of top-line growth and enhanced profitability. The reported revenue of ₹3,580 crore exceeded analyst projections of around ₹3,521 crore.[2] The net profit of ₹471.4 crore marked a substantial increase from the ₹324.99 crore reported in the same period of the previous fiscal year and represented an 11% sequential increase from the June quarter.[1][3] A key indicator of the company's operational health, the Earnings Before Interest and Tax (EBIT), saw a 43.7% year-on-year increase to ₹583 crore.[1][2] This led to an improved EBIT margin, which expanded to 16.3%, a notable improvement that demonstrates the company's ability to manage costs and scale its operations effectively while navigating the global economic environment.[1][4] This consistent execution and ability to steadily expand margins have become a hallmark of Persistent's strategy, allowing it to maintain its growth while many larger industry peers face challenges.[3] The strong performance keeps the company firmly on its ambitious path toward achieving $2 billion in annual revenue by the fiscal year 2027.[3][6]

The driving force behind this impressive streak of growth is a clear strategy focused on impactful digital transformation and excellence in execution. Sandeep Kalra, the Chief Executive Officer and Executive Director of Persistent, attributed the strong quarter to the continued trust of the company's clients.[3][5] The significant order bookings, with a TCV of $609.2 million, reflect a healthy demand for its services across key industries.[1][3] The company has secured important client wins in its primary verticals, including Banking, Financial Services, and Insurance (BFSI), as well as Software, Hi-Tech, and Emerging Industries.[4] In the financial services sector, Persistent is engaged in projects such as transforming tax and accounting software for a global fintech platform and leveraging Generative AI to reimagine business operations for a leading wealth management company.[4] For hi-tech clients, the company is involved in accelerating the build-out of AI infrastructure platforms and managing the end-to-end research and development for cybersecurity products.[4] This success is also being recognized within the industry; the Everest Group recently bestowed Persistent with the 'Growth Honor of the Year,' a testament to its sustained momentum.[4][7]

Central to Persistent's strategy and future outlook is its deep focus on artificial intelligence. The company is positioning itself not merely as a service provider but as a strategic partner helping enterprises navigate the complexities of AI adoption. Kalra emphasized that the company's AI strategy is built upon a strong, platform-led foundation.[5][8] This approach combines deep domain-specific knowledge with proprietary intellectual properties, accelerators, and strategic partnerships to deliver tangible outcomes for clients.[4][8] The goal is to enable clients to scale innovation, modernize their core technological infrastructure, and achieve measurable business impact more rapidly.[8] This integrated approach focuses on making enterprises ready for AI transformation while enhancing both engineering and business productivity.[4] The company's commitment to innovation is further demonstrated by its investment in its own IP, including the filing of numerous patents related to its AI-powered platforms. This forward-looking AI strategy is crucial as businesses globally move from experimenting with AI to scaling it across their operations, a trend Persistent appears well-positioned to capitalize on.

In conclusion, Persistent Systems' latest quarterly results paint a picture of a company firing on all cylinders, successfully navigating market dynamics to deliver exceptional growth and profitability. The achievement of a 22nd consecutive quarter of revenue growth, highlighted by a nearly 24% jump in revenue and a 45% leap in profit, is a clear indicator of a robust business model and strong execution capabilities.[1][3] With expanding margins, a solid pipeline of new business, and a strategic focus on high-growth areas like Generative AI, the company has solidified its position as a leader in the digital engineering space.[4][2] As enterprises worldwide continue to accelerate their digital and AI-driven transformations, Persistent's consistent performance and clear strategic vision suggest that its growth trajectory is not only stable but poised for further acceleration, keeping it on a steady course to meet its long-term revenue ambitions and deliver continued value to its stakeholders.[3][7]