Persistent Systems Reports Strong Growth Fueled by AI Strategy
Persistent Systems reported a 33.73% increase in net profit for Q4 FY26, attributing growth to an AI-driven strategy. Revenue rose by 25%, with the order booking hitting USD 600.8 million. The company's workforce stands at over 27,500, with significant growth noted in India and global markets.
- Country:
- India
Mid-tier IT firm Persistent Systems showcased a significant performance boost, with a 33.73% surge in net profit to Rs 529.26 crore for Q4 of FY26. This growth is accompanied by a 25% revenue increase to Rs 4,055.93 crore, as revealed in its latest financial statements.
The company's robust performance is attributed to its strategic emphasis on artificial intelligence, which is believed to have amplified its operating model and delivery quality. 'Q4 FY26 marked our 24th sequential quarter of growth,' said Sandeep Kalra, CEO, highlighting the consistency in meeting client demands, particularly in AI deployment.
Additional highlights included an impressive order booking of USD 600.8 million and a workforce that exceeds 27,500 globally. Persistent Systems' Board has proposed a final dividend of Rs 18 per share, asserting a total dividend of Rs 40 per share for FY26.
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