Persistent Systems reports USD 1.4B revenue in FY25, targets USD 2B by FY27

Persistent Systems announced robust financial results for the fiscal year ending March 31, 2025, with consolidated revenue crossing USD 1.4 billion, marking an 18.8% year-on-year (YoY) growth. The company's operating discipline and client-centric innovation approach also led to an EBIT margin of 14.7% for the year.

For the fourth quarter (Q4FY25), Persistent reported a revenue of USD 375.2 million, a 4.2% sequential growth and a 20.7% increase over the same period last year. The company maintained a healthy EBIT margin of 15.6% in Q4, demonstrating operational resilience despite ongoing macroeconomic uncertainties.

Key Financial Highlights for FY25:

•    Revenue: USD 1,409.1 million (₹119,387.2 million), up 18.8% YoY
•    EBIT: ₹17,512.6 million, EBIT margin of 14.7%, up 23.8% YoY
•    Profit Before Tax (PBT): ₹18,223.1 million, up 25.9% YoY
•    Profit After Tax (PAT): ₹14,001.6 million, up 28.0% YoY

Key Financial Highlights for Q4FY25:

•    Revenue: USD 375.2 million (₹32,421.1 million), up 4.2% QoQ and 20.7% YoY
•    EBIT: ₹5,052.9 million, EBIT margin of 15.6%
•    PAT: ₹3,957.6 million, margin of 12.2%, up 25.5% YoY

The company also announced a final dividend of ₹15 per share, bringing the total dividend for the 35th anniversary year to ₹35 per share, pending shareholder approval at the upcoming Annual General Meeting.

Client Momentum and Key Wins

Persistent’s total order booking for Q4FY25 stood at USD 517.5 million in Total Contract Value (TCV) and USD 350.2 million in Annual Contract Value (ACV), highlighting continued client confidence.

Key client wins during the quarter include:

• Software and Hi-Tech: Enhanced cybersecurity solutions and AI-driven R&D for global leaders.
• BFSI: Development of a regulatory compliance data platform and modernisation of payments systems.
• Healthcare and Life Sciences: Accelerated AI adoption for data management and operational transformation for major healthcare organisations.

Looking Ahead

As Persistent marks 35 years since its founding and 15 years since its IPO on the National Stock Exchange, its leadership reiterated a commitment to sustained growth, deepening AI investments, and platform innovation.

Persistent appears poised for a promising trajectory as it aims to capitalise on the AI revolution, platform-led service models, and evolving global technology demands.