Persistent stays on $2 billion path despite AI disruption, macro headwinds

Despite macro uncertainty weighing on demand, Persistent Systems CEO Sandeep Kalra said the company remains on track to achieve its $2 billion revenue target, implying 3.5% quarter-on-quarter growth and 15% year-on-year growth in FY27—still ahead of the industry, though slower than Street expectations. “We prefer to stay ambitious rather than lower expectations,” he said in an interaction with TOI after the earnings call on Wednesday.