Persistent Systems Reports $452.4M Revenue in Q1 FY27
Persistent Systems announced its first-quarter fiscal year 2027 financial results, reporting $452.4 million in revenue, a 16.1% increase year-over-year. The company also achieved EBIT growth of 32.7% and a record $1.15 billion in total contract value (TCV).
San Jose, Calif. and Pune, India – Persistent Systems released its audited financial results for the first quarter of fiscal year 2027, ending June 30, 2026. The company reported revenue of $452.4 million, marking a 16.1% year-over-year increase.
The company's earnings before interest and taxes (EBIT) saw a significant rise of 32.7%. Persistent Systems also highlighted achieving its highest-ever quarterly total contract value (TCV) of $1.15 billion. These results follow an audited review of the company's financial performance.
Persistent Systems, a global company specializing in software product development and digital transformation, operates within the competitive technology services sector. The reported growth suggests continued demand for digital solutions across various industries.
The company is publicly traded on the BSE (533179) and NSE (PERSISTENT) in India. The financial statements provide a detailed overview of the company's performance and future outlook.