Persistent Q1 net profit rises 13.7% YoY to Rs 483 crores as revenue climbs 29%
AI Market Summary
Persistent Systems reported solid YoY growth in Q1FY27, with net profit up 13.7% and revenue up 29%, supported by record quarterly TCV of $1.15B and lower attrition. However, sequential profit fell 8.7% due to FX losses and EBIT margin slipped to 16%. The update is company-specific and signals resilient deal momentum despite near-term margin and currency headwinds.
Impact level
● Low
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● Neutral
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Persistent Systems reported results for the quarter ended June 30, 2026, with net profit up 13.7% year on year to Rs 483 crores and revenue rising 29%. Quarterly Total Contract Value (TCV) hit a record $1.15 billion, including a 6.5-year strategic services deal worth more than $650 million. The company said its attrition rate eased to 12.3%. Persistent is an India-listed IT services company, and its shares trade on the NSE and BSE under the ticker SUS.
