Persistent Systems Reports 20% QoQ Growth in Q4 Net Profit
Persistent Systems Q4 PAT rises 20% QoQ to Rs 529 crore
Business Standard
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Persistent Systems, a global IT services company, achieved a 20.43% increase in consolidated net profit to ₹529.26 crore for Q4 FY26, compared to the previous quarter. Revenue rose 7.35% to ₹4,055.94 crore, reflecting strong performance driven by AI adoption and consistent execution.
- 01Net profit increased by 20.43% QoQ to ₹529.26 crore in Q4 FY26.
- 02Revenue from operations rose 7.35% QoQ to ₹4,055.94 crore.
- 03Year-on-year, net profit grew 33.73% and revenue increased 25.10%.
- 04Persistent Systems declared a full-year dividend of ₹40 per share.
- 05The company was recognized as the fastest-growing IT services brand globally in 2026.
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Persistent Systems reported a 20.43% sequential increase in consolidated net profit, reaching ₹529.26 crore for Q4 FY26, up from ₹439.45 crore in Q3 FY26. Revenue from operations also saw a 7.35% rise to ₹4,055.94 crore. Compared to the same quarter last year, net profit increased by 33.73% and revenue grew by 25.10%. Profit before tax (PBT) was ₹673.98 crore, marking a 19.29% QoQ increase and 33.40% YoY growth. The company reported revenue of $436 million for the quarter, reflecting a 3.2% QoQ increase and 16.2% YoY growth in USD terms. Persistent's total contract value (TCV) for the quarter was $600.8 million, with an annual contract value (ACV) of $445.1 million. Dr. Anand Deshpande, the founder and chairman, emphasized the company's investment in AI capabilities, which is enhancing client relationships. CEO Sandeep Kalra highlighted a 17.4% year-on-year revenue growth for FY26 and announced a full-year dividend of ₹40 per share. The company's stock rose 0.88%, closing at ₹5,369 on the Bombay Stock Exchange (BSE).
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The strong financial performance indicates a positive outlook for employees and shareholders, potentially leading to job stability and investment in further growth initiatives.
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