Persistent Systems Reports Strong Q2 FY25 Growth, Advances AI-Led Strategy

Curated by THEOUTPOST

On Wed, 23 Oct, 12:04 AM UTC

2 Sources

Share

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.

Persistent Systems Reports Strong Financial Growth

Persistent Systems, a global leader in Digital Engineering and Enterprise Modernization, has announced impressive financial results for the second quarter of fiscal year 2025. The company reported revenue of $345.5 million, marking an 18.4% year-over-year increase and a 5.3% quarter-over-quarter growth 12. This achievement represents the 18th consecutive quarter of revenue growth for Persistent Systems.

Key Financial Highlights

  • Revenue: $345.5 million (INR 28,971.5 million)
  • EBITDA: INR 4,807.5 million (16.6% margin)
  • Profit After Tax (PAT): INR 3,250.1 million (11.2% margin)

The company's PAT grew by 23.4% in rupee terms compared to the same period last year, demonstrating strong financial performance 12.

Advancing AI-Led Strategy

Persistent Systems has been actively strengthening its capabilities and advancing its AI-led, platform-driven services strategy. The company made strategic moves to enhance its offerings:

  1. Acquisition of Starfish Associates to improve AI-powered contact center modernization
  2. Integration of Arrka to expand digital governance offerings, including data privacy, AI governance, and cybersecurity 1

These acquisitions align with Persistent's focus on leveraging AI technologies to deliver innovative solutions to its clients.

Industry Recognition and Achievements

Persistent Systems has received notable recognition for its performance and capabilities:

  • Named a Challenger in the 2024 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services for the second consecutive year
  • Achieved carbon neutrality ahead of its target, demonstrating commitment to environmental sustainability
  • Recognized as the Fastest Growing IT Services Brand in the 2024 Brand Finance India 100 Report 12

Client Wins and Strategic Partnerships

The company reported strong order bookings for the quarter, with $529.1 million in Total Contract Value (TCV) and $348.6 million in Annual Contract Value (ACV) 1. Key wins across various sectors include:

  1. Software, Hi-Tech & Emerging Industries: Enhancing product engineering for a leading observability platform provider
  2. Banking, Financial Services & Insurance: Modernizing cloud-based accounting software for a major US-based fintech company
  3. Healthcare & Life Sciences: Establishing an AI-enabled software engineering hub for a PE-led carve-out of a life sciences company 12

SASVA™ 2.0: Revolutionizing AI-Driven Development

Persistent Systems unveiled SASVA™ 2.0, an advanced platform aimed at revolutionizing AI-driven software development and business acceleration. This innovation underscores the company's commitment to staying at the forefront of AI technologies in the IT services industry 12.

Leadership and Future Outlook

Sandeep Kalra, CEO and Executive Director of Persistent Systems, expressed pride in the company's consistent growth and strategic advancements. He emphasized the company's dedication to delivering exceptional value to clients while positively impacting the environment and society 12.

As Persistent Systems continues to expand its global presence with over 23,200 employees across 19 countries, the company is well-positioned to capitalize on the growing demand for AI-enabled software engineering, cloud computing, and intelligent automation services in the coming quarters.

Continue Reading
Persistent Systems Reports Strong Q3 FY25 Growth,

Persistent Systems Reports Strong Q3 FY25 Growth, Highlighting AI-Led Strategy

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.

Benzinga logoCXOToday.com logo

2 Sources

Benzinga logoCXOToday.com logo

2 Sources

Persistent Systems Reports Strong Q1 FY25 Growth Amid IT

Persistent Systems Reports Strong Q1 FY25 Growth Amid IT Industry Challenges

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.

Economic Times logoCXOToday.com logoBenzinga logo

3 Sources

Economic Times logoCXOToday.com logoBenzinga logo

3 Sources

Happiest Minds Technologies Reports Strong Q2 FY25 Growth,

Happiest Minds Technologies Reports Strong Q2 FY25 Growth, Driven by AI and Digital Transformation Initiatives

Happiest Minds Technologies announced impressive Q2 FY25 results, with 12.7% quarter-on-quarter and 28.2% year-on-year growth in constant currency. The company's focus on AI, GenAI, and digital transformation services has contributed to its strong performance.

CXOToday.com logoBenzinga logo

2 Sources

CXOToday.com logoBenzinga logo

2 Sources

Infosys Reports Strong Q3 FY25 Performance with Focus on AI

Infosys Reports Strong Q3 FY25 Performance with Focus on AI and Digital Services

Infosys, a global leader in digital services, announces robust Q3 FY25 results with 6.1% YoY growth, expanded margins, and significant AI-driven partnerships.

Benzinga logoCXOToday.com logo

2 Sources

Benzinga logoCXOToday.com logo

2 Sources

Infosys Reports Strong Q1 FY24 Performance with 3.6%

Infosys Reports Strong Q1 FY24 Performance with 3.6% Revenue Growth and Margin Expansion

Infosys, a global leader in next-generation digital services and consulting, has announced impressive Q1 FY24 results, showcasing robust revenue growth, margin expansion, and a positive outlook for the fiscal year.

Benzinga logoCXOToday.com logo

3 Sources

Benzinga logoCXOToday.com logo

3 Sources

TheOutpost.ai

Your one-stop AI hub

The Outpost is a comprehensive collection of curated artificial intelligence software tools that cater to the needs of small business owners, bloggers, artists, musicians, entrepreneurs, marketers, writers, and researchers.

© 2025 TheOutpost.AI All rights reserved