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On Thu, 24 Apr, 4:02 PM UTC
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Persistent Systems Posts 25% Q4 Revenue Growth, Outpaces Big Indian IT Firms | AIM Media House
Persistent Systems delivered better-than-expected results for the March quarter, outperforming even larger Indian IT firms. The company reported a 25% year-on-year rise in consolidated net profit and revenues for Q4 FY25. In comparison, HCLTech's revenue for the fourth quarter of FY 2025 rose by 1.2%, while TCS's and Wipro's reported 0.8% growth. And Infosys' revenue declined by 4.2%. The net profit increased to ₹395.76 crore, compared to ₹315.32 crore in the previous fiscal year, while the revenue touched ₹3,242 crore in the March quarter. Meanwhile, the company reported a 4.5% sequential growth in constant currency revenue -- outperforming analyst projections of 3.7% to 3.8% in Q4 FY25. This marked Persistent's 20th consecutive quarter of revenue growth, according to CEO and executive director Sandeep Kalra. Kalra emphasised the company's operational discipline and resilience amid macroeconomic uncertainty, stating, "Our consistent performance reflects the trust of our clients, the enduring strength of our capabilities, and our operational discipline." For Q4 FY25, the company reported a total contract value (TCV) of $517.5 million, compared to $594.1 million in the December quarter. Net new TCV was $329 million, slightly lower than $333.6 million in Q3 but higher than the $302 million reported in the same quarter last year. Anand Deshpande, founder, chairman and MD of Persistent Systems, attributed a lot of this growth to AI-led deals. "Persistent is leading the AI-led transformation, supported by early investments, strong execution, and a clear vision to embed AI across our clients' digital journey," he said in the press release. In one of the major wins for the quarter, the firm reported that it is using AI platforms for accelerating product innovation and establishing an R&D centre for a non-profit organisation. Persistent reiterated its long-term goal of achieving $2 billion (INR XXX) in annual revenue by FY27, highlighting continued progress toward this milestone. The company's performance surpassed that of some peers, with LTIMindtree also reporting positive Q4 FY25 results with modest growth. The company reported revenue of ₹9,771.7 crore, reflecting a 1.1% sequential growth and a 9.9% year-over-year increase. However, in dollar terms, revenue declined by 0.7 % to $1.13 billion. Debashis Chatterjee, CEO and MD of LTIMindtree, also attributed AI deal wins as part of this growth.
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Persistent Reports $1,409.1M FY25 Revenue with 18.8% Y-o-Y Growth and 14.7% EBIT Margin
Achieves $375.2M revenue in Q4, up 4.2% Q-o-Q Persistent Systems (BSE & NSE: PERSISTENT) today announced the Company's audited financial results for the quarter and year ended March 31, 2025, as approved by the Board of Directors. Consolidated Financial Highlights for the Financial Year 2024-25: FY24 FY25 Margin% Y-o-Y Growth Revenue (USD Million) 1,186.1 1,409.1 18.8% Revenue (INR Million) 98,215.9 119,387.2 21.6% EBIT (INR Million) 14,149.3 17,512.6 14.7% 23.8% PBT (INR Million) 14,476.1 18,223.1 15.3% 25.9% PAT (INR Million) 10,934.9 14,001.6 11.7% 28.0% Consolidated Financial Highlights for the Quarter ended March 31, 2025: Q4FY25 Margin % Q-o-Q Growth Y-o-Y Growth Revenue (USD Million) 375.2 4.2% 20.7% Revenue (INR Million) 32,421.1 5.9% 25.2% EBIT (INR Million) 5,052.9 15.6% 10.9% 34.9% PBT (INR Million) 5,052.1 15.6% 4.8% 27.7% PAT (INR Million) 3,957.6 12.2% 6.1% 25.5% The Board of Directors recommended a Final Dividend of ₹15 per share. This brings the total dividend for the year to ₹35, to acknowledge Persistent's 35th anniversary. The Dividend recommended by the Board is subject to approval at the ensuing Annual General Meeting. Furthermore, Persistent welcomed Vinit Teredesai, Chief Financial Officer, as Additional Director to the Board. Dr. Anand Deshpande, Founder, Chairman and Managing Director, Persistent: "Persistent is leading the AI-led transformation, supported by early investments, strong execution, and a clear vision to embed AI across our clients' digital journey. Celebrating 35 years since our foundation and 15 years of being publicly listed on the National Stock Exchange of India, our unwavering commitment to innovation and client success continues to set us apart as we drive the future of technology with purpose and precision. I am delighted to welcome our CFO, Vinit Teredesai, as Additional Director to our Board." Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent: "We are proud to have delivered our 20th sequential quarter of revenue growth, with an EBIT margin of 15.6%. We thank our employees, clients, partners, and shareholders, whose continued support has been instrumental in our success. Despite the uncertain macroeconomic environment, our consistent performance reflects the trust of our clients, enduring strength of our capabilities, and operational discipline. This momentum has been further validated by multiple prestigious industry recognitions, including the ISG Star of Excellence™ Award based on the voice of the customer and our Challenger positioning in the Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services. As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led platform-driven services will drive this growth, fueled by continued rigor and innovation. We are well-positioned to continue delivering consistent and differentiated long-term value for all our stakeholders." Fourth Quarter FY25 Client Wins and Outcomes The order booking for the quarter ended on March 31, 2025, was $517.5 million in Total Contract Value (TCV) and $350.2 million in Annual Contract Value (ACV). Some of the key wins for the quarter include: Software, Hi-Tech & Emerging Industries \ Improving product robustness and compliance through advanced data loss prevention and hybrid secure web gateway offerings for a global security service edge leader \ Accelerating product innovation using AI platforms and establishing an R&D center for a leading non-profit organization software provider \ Enabling 24/7 monitoring, service level benchmarking, and continuous improvement with a managed offshore Security Operations Center for a leading cybersecurity company Banking, Financial Services & Insurance \ Boosting the accuracy of reporting and integration across applications with the creation of a regulatory compliance data platform for one of the largest US-based financial services companies \ Enhancing productivity for business analysts through the development, enhancement, and maintenance of an AI-powered analytics platform for a global tax and accounting software leader \ Streamlining compliance, security, and contact center integration via a modernized payments platform for a leading UK-based payments solutions provider Healthcare & Life Sciences \ Scaling AI adoption for enhanced patient data management, faster claims processing, and advanced analytics by modernizing and migrating data infrastructure on Azure for a major healthcare company \ Enabling faster releases, better engineering productivity, and increased quality for R&D by leveraging SASVA™ for product engineering for a global clinical research and healthcare intelligence provider \ Driving GenAI-led operational efficiency and regulatory compliance through transformed IT infrastructure and managed services for a global contract research and development organization News in the Quarter \ Celebrated the 15th anniversary of Persistent's IPO on the National Stock Exchange of India and launched the US chapter of Persistent Foundation with an initial commitment of $1M \ Sandeep Kalra honored as a Tech Titan at the Business Today India's Best CEOs Awards \ Persistent won the 2025 Google Cloud Infrastructure Modernization Partner of the Year Award for Asia Pacific \ Persistent recognized as a Leader in Everest PEAK Matrix® Assessment on Custom Application Development Services 2025 - Global \ Persistent named a Leader in 2024 ISG Provider Lens™ Advanced Analytics and AI Services (U.S.) \ Persistent named in the Gartner® Market Guide for Generative AI Services for Banking \ Persistent placed as a Leader in 2024 ISG Provider Lens™ Insurance ITO Services - Midmarket (North America) \ Persistent among the top 5 in the European IT Outsourcing study by Whitelane Research
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Persistent Systems reports impressive Q4 FY25 results, outpacing larger Indian IT firms with a 25% year-on-year revenue growth. The company attributes its success to AI-led deals and strategic investments in artificial intelligence.
Persistent Systems, a leading Indian IT firm, has reported exceptional financial results for the fourth quarter of fiscal year 2025, outperforming larger competitors in the industry. The company's consolidated net profit surged by 25% year-on-year to ₹395.76 crore, while revenue reached ₹3,242 crore in the March quarter 1.
In constant currency terms, Persistent Systems achieved a 4.5% sequential growth, surpassing analyst projections of 3.7% to 3.8% for Q4 FY25. This marks the company's 20th consecutive quarter of revenue growth, highlighting its consistent performance in a challenging market 1.
Anand Deshpande, founder, chairman, and MD of Persistent Systems, attributed much of the company's growth to AI-led deals. "Persistent is leading the AI-led transformation, supported by early investments, strong execution, and a clear vision to embed AI across our clients' digital journey," he stated in the press release 1.
The company's strategic pivot towards AI-led platform-driven services is expected to drive future growth. Sandeep Kalra, CEO and Executive Director, emphasized the company's optimism about reaching $2 billion in annual revenue by FY27, fueled by continued rigor and innovation in AI technologies 2.
Persistent Systems reported several significant client wins during Q4, showcasing its expertise in AI and digital transformation:
Persistent Systems' focus on AI and innovation has garnered significant industry recognition:
Persistent Systems' performance stands out when compared to larger Indian IT firms:
This stark contrast highlights Persistent Systems' ability to leverage AI technologies and maintain growth in a challenging market environment.
Reference
[1]
Analytics India Magazine
|Persistent Systems Posts 25% Q4 Revenue Growth, Outpaces Big Indian IT Firms | AIM Media House
Persistent Systems, a mid-tier IT firm, has reported impressive revenue growth in Q1 FY25, outperforming larger competitors. The company's success is attributed to its agility and focus on digital transformation projects.
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Persistent Systems announces impressive financial results for Q2 FY25, with significant revenue growth and strategic advancements in AI-led services. The company's focus on AI and cloud technologies, along with key acquisitions, positions it for continued success in the tech industry.
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Persistent Systems announces impressive Q3 FY25 financial results, with 19.9% year-over-year revenue growth, emphasizing their success in AI-led services and platform-driven strategies.
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LTIMindtree, a global technology consulting firm, announces positive Q4 and FY25 results with growth in revenue and profits, highlighting significant AI-led deal wins and strategic partnerships in the tech sector.
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Persistent Systems, a global Digital Engineering provider, has acquired Arrka, a Pune-based data privacy and information security services company. This strategic move aims to enhance Persistent's capabilities in data privacy, cybersecurity, and AI-driven business transformation.
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