Persistent Systems Ltd

📈 Persistent Systems Q2 FY26: Strong Revenue Growth & Margin Expansion

- Q2 FY26 revenue: $406.2M (4.2% QoQ, 17.6% YoY growth)

- EBIT margin at 16.3% (+230 bps YoY), PAT margin at 13.2%

- Total Contract Value (TCV): $609.2M; New bookings: $350.8M

- Annual Contract Value (ACV): $447.9M ($254.4M from new bookings)

- Top 5 clients revenue up 23.4% YoY

- Geographic growth: North America (+15.4%), Europe (+37.9%), India (+19%), Rest of World (+19.8%)

- Industry growth: BFSI (+30%), Software Hi-Tech (+15.5%), Healthcare Life Sciences (+6.6% YoY)

- Headcount: 26,224 (attrition at 13.8% trailing 12-month)

- AI: 20 new patents filed (75 total for SASVA platform)

- ESG ratings: AA (MSCI ESG), 77 (NAC Sustainability)

- Key deals: Cloud infrastructure provider & global energy tech company partnerships

- Wage hikes (effective Oct 1, 2025) may impact next quarter margins by 180 bps (partially offset)