Persistent Systems continued its remarkable growth trajectory with yet another robust performance in Q2FY26, marking its 22nd consecutive quarter of revenue expansion. The company reported revenue of USD 406.2 million, up 4.2% quarter-on-quarter and 17.6% year-on-year, driven by consistent execution, digital transformation demand, and deep client partnerships. Operating margins improved to 16.3%, reflecting operational efficiency and disciplined cost management.
“We are pleased to report our 22nd sequential quarter of revenue growth, up 4.2% Q-o-Q and 17.6% Y-o-Y, with operating margin improving to 16.3%,” said Sandeep Kalra, Chief Executive Officer and Executive Director at Persistent. “Our AI strategy builds on a strong platform-led foundation and is powered by deep domain knowledge, differentiated IPs, accelerators and strategic partnerships, enabling clients to scale innovation and achieve measurable impact faster.”
During the quarter, Persistent achieved a total contract value (TCV) of USD 609.2 million and an annual contract value (ACV) of USD 447.9 million, underscoring healthy deal momentum and client confidence. The company also secured major wins across its core verticals — software, financial services, and healthcare — further consolidating its position as a trusted digital transformation partner.
In a move to strengthen leadership and operational excellence, Jaideep Dhok was elevated to Chief Operating Officer – Technology, signaling the company’s continued focus on scaling innovation and delivery capabilities globally.
Persistent’s consistent growth and innovation excellence earned it multiple accolades this quarter, including the Everest Group’s Growth Honor of the Year and recognition for AI excellence at the National AI Awards 2025. These achievements reinforce the company’s positioning as a frontrunner in harnessing artificial intelligence, cloud, and software engineering to drive business outcomes for clients worldwide.
With two decades of uninterrupted momentum, strategic leadership appointments, and a maturing AI-led strategy, Persistent Systems continues to strengthen its reputation as one of India’s most resilient and forward-looking digital engineering firms.
