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

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 1

1

2

2

. 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 1

1

2

2

.

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

   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 1

  1

  2

  2

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

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 1

   1

   2

   2

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 1

1

2

2

.

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 1

1

2

2

.

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.