Persistent Systems today announced the Company’s audited financial results for the quarter and year ended March 31, 2025, as approved by the Board of Directors.
Consolidated Financial Highlights for the Financial Year 2024-25:
|
FY24 |
FY25 |
Margin% |
Y-o-Y Growth |
|
|
Revenue (USD Million) |
1,186.1 |
1,409.1 |
18.8% |
|
|
Revenue (INR Million) |
98,215.9 |
119,387.2 |
21.6% |
|
|
EBIT (INR Million) |
14,149.3 |
17,512.6 |
14.7% |
23.8% |
|
PBT (INR Million) |
14,476.1 |
18,223.1 |
15.3% |
25.9% |
|
PAT (INR Million) |
10,934.9 |
14,001.6 |
11.7% |
28.0% |
Consolidated Financial Highlights for the Quarter ended March 31, 2025:
|
Q4FY25 |
Margin % |
Q-o-Q Growth |
Y-o-Y Growth |
|
|
Revenue (USD Million) |
375.2 |
4.2% |
20.7% |
|
|
Revenue (INR Million) |
32,421.1 |
5.9% |
25.2% |
|
|
EBIT (INR Million) |
5,052.9 |
15.6% |
10.9% |
34.9% |
|
PBT (INR Million) |
5,052.1 |
15.6% |
4.8% |
27.7% |
|
PAT (INR Million) |
3,957.6 |
12.2% |
6.1% |
25.5% |
The Board of Directors recommended a Final Dividend of ₹15 per share. This brings the total dividend for the year to ₹35, to acknowledge Persistent’s 35th anniversary. The Dividend recommended by the Board is subject to approval at the ensuing Annual General Meeting.
Furthermore, Persistent welcomed Vinit Teredesai, Chief Financial Officer, as Additional Director to the Board.
Dr. Anand Deshpande, Founder, Chairman and Managing Director, Persistent:
“Persistent is leading the AI-led transformation, supported by early investments, strong execution, and a clear vision to embed AI across our clients’ digital journey. Celebrating 35 years since our foundation and 15 years of being publicly listed on the National Stock Exchange of India, our unwavering commitment to innovation and client success continues to set us apart as we drive the future of technology with purpose and precision.
I am delighted to welcome our CFO, Vinit Teredesai, as Additional Director to our Board.”
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent:
“We are proud to have delivered our 20th sequential quarter of revenue growth, with an EBIT margin of 15.6%. We thank our employees, clients, partners, and shareholders, whose continued support has been instrumental in our success.
Despite the uncertain macroeconomic environment, our consistent performance reflects the trust of our clients, enduring strength of our capabilities, and operational discipline. This momentum has been further validated by multiple prestigious industry recognitions, including the ISG Star of Excellence™ Award based on the voice of the customer and our Challenger positioning in the Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services.
As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led platform-driven services will drive this growth, fueled by continued rigor and innovation. We are well-positioned to continue delivering consistent and differentiated long-term value for all our stakeholders.”
Fourth Quarter FY25 Client Wins and Outcomes
The order booking for the quarter ended on March 31, 2025, was $517.5 million in Total Contract Value (TCV) and $350.2 million in Annual Contract Value (ACV).
Some of the key wins for the quarter include:
Software, Hi-Tech & Emerging Industries
-
Improving product robustness and compliance through advanced data loss prevention and hybrid secure web gateway offerings for a global security service edge leader
-
Accelerating product innovation using AI platforms and establishing an R&D center for a leading non-profit organization software provider
-
Enabling 24/7 monitoring, service level benchmarking, and continuous improvement with a managed offshore Security Operations Center for a leading cybersecurity company
Banking, Financial Services & Insurance
-
Boosting the accuracy of reporting and integration across applications with the creation of a regulatory compliance data platform for one of the largest US-based financial services companies
-
Enhancing productivity for business analysts through the development, enhancement, and maintenance of an AI-powered analytics platform for a global tax and accounting software leader
-
Streamlining compliance, security, and contact center integration via a modernized payments platform for a leading UK-based payments solutions provider
Healthcare & Life Sciences
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Scaling AI adoption for enhanced patient data management, faster claims processing, and advanced analytics by modernizing and migrating data infrastructure on Azure for a major healthcare company
-
Enabling faster releases, better engineering productivity, and increased quality for R&D by leveraging SASVA™ for product engineering for a global clinical research and healthcare intelligence provider
-
Driving GenAI-led operational efficiency and regulatory compliance through transformed IT infrastructure and managed services for a global contract research and development organization