Persistent Systems on track to reach $2 billion by FY27

Persistent Systems reported a sequential net profit growth of 12.2%, reaching Rs 395.76 crore for the March quarter. Revenues increased by 4.2% quarter-on-quarter to $ 375.2 million. Revenue was up 5.9% sequentially to Rs 3,242.1 crore. The company achieved a 70 basis point improvement in EBIT margins to 15.6% for the quarter. EBIT rose by 10.9% quarter-on-quarter to Rs 505.29 crore. For the quarter ending March 31, 2025, the total contract value (TCV) for order bookings was $ 517.5 million, with an annual contract value (ACV) of $ 350.2 million. Persistent’s utilisation rate increased to 88% in Q4 FY25, compared to 81% in Q1 FY24, which helped improve margins.