Persistent Systems FY26 revenue hits $1.65B, dividend ₹40

FY26 result: growth holds, margins steady

Persistent Systems reported FY26 revenue of $1,654.4 million, delivering 17.4% year-on-year growth. The company reported an EBIT margin of 15.6% for the year. The update positions FY26 as a year of healthy top-line expansion, supported by deal wins and steady execution. Management also highlighted profitability discipline through the reported EBIT margin. The FY26 numbers matter because they set the base for FY27 targets and investor expectations around margin resilience.

Alongside the operating performance, the company announced shareholder returns. It declared a full-year dividend of ₹40 per share. For market participants, the dividend declaration is an additional data point in assessing cash generation and capital allocation.

Q4 FY26 snapshot: $136 million revenue with double-digit YoY growth

For Q4 FY26 (quarter ended March 31, 2026), Persistent reported revenue of $136.0 million. The consolidated highlights table in the material also showed Q-o-Q growth of 3.2% and Y-o-Y growth of 16.2% for revenue in USD terms. In INR terms, Q4 revenue was listed as ₹40,559.4 million, with Q-o-Q growth of 7.4% and Y-o-Y growth of 25.1%.

The USD and INR growth rates shown for the same quarter indicate that currency movement played a role in reported INR growth. The Q4 disclosure also provides a quarterly reference point ahead of the next results cycle.

Dividend and board actions: what is scheduled

The company scheduled a board meeting for August 02, 2026 to consider audited financial results and to recommend a dividend for FY 2026-2027, according to the provided note. Separately, the “Quick Details” section also listed August 02, 2026 as the results date for Q1 FY 2026-2027.

The material also included a stock-exchange style disclosure line dated 01-Jun-26, which referenced an investor or analyst session scheduled for Thursday, July 2, 2026. These dates are closely tracked by investors because they define the timeline for earnings updates, commentary on demand, and any revised outlook.

Q1 FY27 setup: currency tailwind versus cost pressure

Persistent enters Q1 FY27 with commentary pointing to a supportive currency setup. The note stated the company benefits from a sequential USD/INR depreciation of approximately 1.8% during the quarter, which can lift reported INR revenue and impact margin translation. It also stated the rupee averaged approximately 94.7 per USD during Q1 FY27, compared to a 93.0 rate referenced for Q4 FY26.

At the same time, the same preview flagged a potential headwind from the FY2027 H-1B visa season. It cited a new wage-weighted selection process and a $100,000 supplemental fee, describing these as factors that could pressure margins and potentially offset currency gains. Management’s margin aspiration for FY27 was stated as 16-17% EBIT margin, while also noting reinvestment priorities in AI and GenAI partnerships.

Tracking the $1 billion run-rate goal

The preview notes positioned Persistent as tracking toward a $1 billion annualized revenue run rate by Q4 FY27, with Q1 acting as an early benchmark. Another section of the material also quoted CEO Sandeep Kalra expressing confidence in reaching an aspirational $1 billion revenue goal by FY27, and described the growth requirement as 19-20% CAGR annually.

For investors, the key question is how much of the targeted scale-up comes from organic growth versus the contribution from inorganic moves and the durability of booked demand. The preview also said the upcoming call is likely to focus on the integration timeline of the Nagarro acquisition and the sustainability of $100.8 million TCV recorded in the previous quarter.

Nagarro deal: combination agreement signed in June 2026

The material referenced a “Persistent - Nagarro Deal” dated 27th June, 2026 (IST). It stated that Persistent and Nagarro signed a Business Combination Agreement to form the Persistent – Nagarro Group, described as a global leader in AI-led digital engineering.

For markets, the immediate relevance is execution risk and timing. Integration typically affects near-term costs, delivery capacity, and the cadence of synergy realization. That is why the integration timeline is expected to be a discussion point around upcoming results.

Operational metrics and bookings: what the material disclosed

One part of the supplied content described a quarter where Persistent posted a 3.3% sequential revenue rise for the June quarter and a 19% year-on-year increase in constant currency terms. It also provided segment and geography movements: BFSI up 9% sequentially, software, hi-tech and emerging industries up 3.6%, while healthcare and lifesciences declined 1.9%. By geography, North America grew 3%, Europe 11.3%, and India 9.4%, while Rest of the World fell 19.2%.

The same section reported TCV of $120 million and new bookings of $137 million. It also said EBIT margins contracted by 10 bps sequentially to 15.5%, citing slower ramp-ups, onsite resource retention during offshore transitions, and currency movements.

Key financial reference points from the material

The content also included Q1 FY26 datapoints in both USD and INR. Persistent reported Q1 FY26 revenue of $189.7 million, with 18.8% Y-o-Y growth and 3.9% Q-o-Q growth. It listed EBIT of ₹5,178.10 million (with a 15.5% margin) and PAT of ₹4,249.40 million, with PAT up 38.7% Y-o-Y. It also reported TCV bookings of $120.80 million and ACV bookings of $185.30 million.

Separately, a Q1 FY27 preview range was provided in INR terms: revenue expectations of ₹3,788-4,266 crore. Using the Q1 FY27 average rate stated in the material (94.7/USD), this range translates to approximately $199.8-$150.4 million for comparability, though the company’s reported USD figure will depend on final accounting and the period’s effective rates.

Summary table: reported and referenced metrics

Market context: price and valuation datapoints cited

The supplied text included multiple price references at different times. One section said that as of July 2026, the stock trades around ₹4,330.2 on NSE, and also listed a 12-month target estimate range of ₹5,149-6,045 based on a “Uniresearch estimate”. Another block listed a price of ₹5,070.20, and cited Market Cap: ₹79,297 crore, with Stock PE: 42.52 and Industry PE: 22.92. A “Quick Details” table also showed Market cap: ₹83,105.86 crore and CMP: ₹5,268.2.

Because these values appear in different parts of the material, readers typically treat them as point-in-time snapshots. What matters more for the next earnings cycle is whether management commentary supports the stated FY27 margin aspiration and the trajectory toward the $1 billion run-rate.

What investors may focus on next

Based on the themes explicitly highlighted in the supplied text, investor attention is likely to remain on three areas. First is the balance between currency-driven INR uplift and cost headwinds such as the H-1B changes and related fees. Second is the pace of integration of the Nagarro combination and how it affects operating metrics. Third is the conversion of bookings and TCV into revenue, especially given the TCV figures cited across sections.

Persistent’s next scheduled milestone in the material is the August 02, 2026 board meeting. That event should provide the next set of confirmed numbers and management commentary tied to FY27 execution.