Persistent Systems Q2 Revenue Rises 20% to $487.6 Million

Persistent Systems reported second quarter FY27 revenue of $487.6 million, up 20% from a year earlier and 7.8% from the previous quarter, in a press release. Revenue in constant currency rose 20.8% from a year earlier.

EBIT reached 6.98 billion rupees, with a margin of 15%. Profit after tax fell 25.4% from a year earlier to 3.52 billion rupees, while operating profit after tax increased 5% to 4.95 billion rupees. Quarterly bookings totaled $633.5 million in total contract value and $481 million in annual contract value.

Persistent secured about 94.04% of Nagarro's share capital and voting rights, excluding treasury shares. Shareholders approved an equity raise of up to $450 million, with combined equity and borrowing capped at $1.25 billion, to support the proposed acquisition.

The quarter's contracts included work using AI agents for banking operations, data platforms for health care providers, and AI based mainframe modernization for a hyperscale cloud provider.