Persistent Systems shares jumped 3% on April 24 after the company posted better-than-expected results for the March 2025 quarter. As of 9:39 AM, the shares were trading 4.11% higher at Rs 5,375.50.
The IT services firm reported constant currency revenue growth of 4.5%, surpassing street estimates of 3.7%–3.8%. This performance also outpaced peers like LTIMindtree, which saw a 0.6% sequential revenue decline.
The company’s EBIT margin improved 70 basis points to 15.6%, up from 14.9% in the previous quarter and 14.5% in the year-ago period, indicating strong operational efficiency.
CEO Sandeep Kalra reaffirmed Persistent’s ambitious goal of reaching $2 billion in annual revenue by FY27, highlighting “sustained progress” towards this milestone. The company continues to maintain a steady growth trajectory, with revenue growth of 4.6% in Q3 and 3.4% in Q4 last year.
Deal wins during the quarter stood at $517.1 million, a moderation from $594.1 million in Q3 FY25 but still higher than $447.7 million in Q4 FY24. The total contract value (TCV) net-new bookings came in at $329 million, slightly down from $333.6 million in the previous quarter.
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