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

Persistent Systems Reports Strong Q3 FY25 Financial Performance

Persistent Systems, a global leader in Digital Engineering and Enterprise Modernization, has announced impressive financial results for the third quarter of fiscal year 2025. The company reported a revenue of $360.2 million, marking a 4.3% quarter-over-quarter and 19.9% year-over-year growth 1

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. This performance underscores the strength of Persistent's AI-led, platform-driven services strategy.

Key Financial Highlights

• Revenue: $360.2 million (19.9% Y-o-Y growth)
• EBITDA: ₹5,378.4 million (21.7% Y-o-Y growth)
• PAT (Profit After Tax): ₹3,729.9 million (30.4% Y-o-Y growth)
• Interim Dividend: ₹20 per share declared

The company's order booking for Q3 FY25 stood at $594.1 million in Total Contract Value (TCV) and $428.3 million in Annual Contract Value (ACV) 1

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AI-Driven Innovation and Recognition

Persistent Systems has made significant strides in AI-driven innovation during the quarter:

1. Filed 20+ patents related to SASVA™, their AI-powered software development platform 1

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2. Launched ContractAssIst, a solution leveraging Microsoft 365 Copilot for contract management 2

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3. Introduced Pi-OmniKG with Google Cloud, further expanding their AI capabilities 2

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The company's efforts in AI have been recognized industry-wide:

• Won the 2024 ISG Star of Excellence™ Overall Award for superior customer experience 1

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• Cited as a Leader in the 2024 ISG Provider Lens™ Generative AI Services (Global) 2

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Strategic Client Wins and Industry Impact

Persistent Systems secured several key contracts across various sectors:

1. Software and Hi-Tech: Modernized product development for a leading UK business software provider using SASVA™ 1

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2. Banking and Financial Services: Leveraged AI to modernize legacy systems for a US-based financial services company 2

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3. Healthcare and Life Sciences: Transformed patient care and pharmacy platforms for a major healthcare and insurance company 1

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Sustainability and Corporate Governance

The company's commitment to sustainability and good governance was highlighted by:

• Inclusion in the Dow Jones Sustainability World Index 2

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• Receiving an AA+ (Stable) credit rating from ICRA Limited 1

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• Winning awards for corporate governance and sustainability at the 24th ICSI National Award 2

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Leadership Perspective

Sandeep Kalra, CEO and Executive Director of Persistent, emphasized the company's consistent growth: "We recorded our 19th sequential quarter of revenue growth, highlighting the strength of our AI-led, platform-driven services strategy" 1

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. He also noted the significance of their achievements in innovation, customer satisfaction, and sustainability.

As Persistent Systems continues to leverage AI and platform-driven strategies, it remains well-positioned to capitalize on the growing demand for digital transformation services across industries.