What we do Persistent Systems Limited is a digital engineering and enterprise modernization company focused on AI-led software product development and cloud computing services. |
Founded in 1,990 |
Market share Among top mid-tier Indian IT service providers with a $1.4B revenue, recognized for sustained growth and AI innovation leadership. |
Problem solved Helps enterprises accelerate digital transformation, AI adoption, and software modernization to enhance productivity and operational efficiency. |
Top clients or who we serve Serves leading clients in BFSI, Healthcare, Life Sciences, and Software sectors mainly B2B, including 20 Fortune 50 companies. |
Key management - |
Our journey and innovations Founded in 1990, Persistent evolved through strategic acquisitions and AI platform development, now with 35+ years of innovation and global expansions. |
Where we operate Operates globally across India, North America, Europe, and other regions with over 24,500 employees in 19 countries. |
Top products or what we offer Offers AI-driven platforms like SASVA and iAURA, cloud services, digital engineering, and AI-powered business and technology platforms. |
Top brands SASVA platform - AI software development; iAURA - AI data transformation; Accelerite - cloud and IoT platform; strategic acquisitions enhancing AI and privacy capabilities. |
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Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring from long-term enterprise contracts and platform services with steady growth dynamics. |
Our industry position Well-positioned as an AI-first digital engineering leader with strong market share in BFSI and life sciences IT services. |
Financial highlights FY25 revenue of $1.4B with 18.8% YoY growth; PAT margin 11.7%; 20+ quarters of growth; 25.6% 4-year CAGR; strong cash reserves and dividend history. |
Geographical revenue split Revenue mix: ~81% North America, ~9% Europe, ~9% India, ~2% Rest of the World. |
Order book Reported trailing twelve months ACV bookings of $674.5M, indicating strong revenue visibility. |
Whats driving growth Growth driven by AI-led digital transformation, cloud services, strategic hyperscaler partnerships, and industry-specific solution expansion. |
Our future plans Aim to reach $2B revenue soon via AI platform innovation, acquisitions, workforce upskilling, and expanded global footprint. |
Our green promise Committed to carbon neutrality, 100% renewable electricity by FY26, energy efficiency, and sustainability integrated in operations. |
Our people and values Diverse 24,500+ global workforce with focus on inclusion, learning, and employee well-being. |
Key challenges ahead Macro uncertainties, competitive AI market, client investment caution, and need to sustain innovation pace. |
Interesting facts Recognized as Microsoft Frontier Firm, filed 35+ AI patents, named in Gartner Magic Quadrant and ISG Leaders for AI and cloud. |
Risks and strategy Mitigates risks via diversified client base, robust compliance, ongoing innovation, and strategic acquisitions enhancing capabilities. |
