Persistent Systems

Strong deal wins across the US and Europe are expected to offset weakness in parts of the healthcare business, while the Nagarro acquisition will strengthen its Europe presence.

IT firm Persistent Systems has reported a 13.67 per cent increase in consolidated net profit to Rs 483.04 crore in the April-June quarter. The company had posted a net profit of Rs 424.93 crore in the year-ago period. Persistent Systems' revenue from operations rose 29 per cent to Rs 4303.22 crore in Q1 FY27, as compared to Rs 3,333.58 crore in Q1 FY26. Seen sequentially, profit fell 8.7 per cent on account of forex losses, while revenue grew 6 per cent. "This performance was underpinned by a record quarterly Total Contract Value (TCV) of USD 1.15 billion, reflecting continued momentum in larger client engagements, including a 6.5-year strategic services agreement with a leading global technology company with a TCV of more than USD 650 million," Persistent Chief Executive Officer and Executive Director Sandeep Kalra said. The Software, Hi-Tech and Emerging Industries vertical remained the largest revenue contributor at 40.7 per cent, recording a year-on-year growth of 15.7 per ...

The Nifty IT currently quotes around 20 per cent below its 200-DMA. TCS, Infosys, Wipro and HCL Technologies are down in the range of 21-26 per cent form respective 200-DMAs.

Persistent CEO Sandeep Kalra says Nagarro can match the company's growth rate within 6-12 quarters as integration, cross-selling and capability expansion gather pace

The Nagarro acquisition expands Persistent's global footprint but raises concerns over slower growth, integration challenges and execution risks amid a steep acquisition premium

The IT services firm says its €1 billion Nagarro acquisition will strengthen its Europe business, with management confident on integration despite investor concerns

Persistent announced the acquisition of German digital engineering firm Nagarro SE through a voluntary public takeover offer at €81/share in cash, implying an EV of €1.27 billion.

The all-cash acquisition, backed by Nagarro's largest shareholder, will expand Persistent's European presence and is expected to take combined annual revenue to about $2.9 billion

CLSA found that most SaaS companies have either maintained or increased their revenue and margin guidance for the upcoming fiscal year and beaten consensus EPS

India’s seafood exports hit a record ₹72,325 crore in FY26. But exporters say the headline number hides deeper stress: falling demand in the US, currency-driven gains,

Tech budgets set for modest growth as macro pressures persist, with firms prioritising AI, data readiness, and high-impact digital investments

IT firm reports strong quarterly growth driven by AI-led demand, with revenue up 25 per cent and continued momentum in deal bookings and client engagements

Q4FY26 company results: Firms including Persistent Systems, Tata Investment Corporation, Cyient DLM, and Sunteck Realty are also to release their January-March earnings today

Individually, Oracle Financial Services Software rallied 4.4 per cent, followed by TCS, Wipro, Persistent Systems, Infosys, Mphasis and LTIMindtree up over 2 per cent

Individually, HCLTech shares were up 3.57 per cent; Infosys, Tech Mahindra, TCS, and Wipro were trading over 2 per cent higher

Analysts at Geojit Investments and Choice Broking are bullish on Tech Mahindra stock, and view the current fall as a correction rather than trend reversal.

The Nifty IT index plummeted 5.9 per cent, the steepest intraday fall since April 7, 2025, with the fall led by Persistent Systems, LTIMindtree, and Infosys

Persistent Systems plans to scale up its Europe business to diversify revenues away from the US, as macroeconomic uncertainty, muted IT spending and sector-wide volatility continue to challenge growth

Here is the complete list of stocks that will trade ex-dividend next week, along with their announcement details and record dates

In 9MFY26, in rupee terms, PSYS's revenue grew 23 per cent, adjusted operating profit grew 39 per cent and adjusted net profit grew 40 per cent Y-o-Y