Persistent Systems Q2 Net Profit Falls 25% to Rs 351 Cr; Revenue Up 30%

New Delhi: IT firm Persistent Systems on Thursday reported a 25.44 per cent decline in consolidated net profit to Rs 351.51 crore for the July-September quarter of FY27.

The Pune-headquartered company posted a net profit of Rs 471.47 crore in the year-ago period, according to a regulatory filing.

Persistent Systems’ revenue from operations rose 30.25 per cent to Rs 4,663.9 crore in Q2 FY27, up from Rs 3,580.72 crore in Q2 FY26.

Sequentially, profit declined 27 per cent, while revenue climbed 8 per cent.

The company incurred acquisition-related expenses of Rs 185.34 crore in connection with its acquisition of Germany-based Nagarro SE, which were booked under other expenses.

Persistent, through its wholly-owned subsidiary, has secured about 94.04 per cent of Nagarro, as of October 6, 2026.

“We continue to strengthen our AI capabilities through our 3C framework and AI-driven platforms. Our focus is on developing enterprise context within our clients’ environments that evolve with successive engagements and continue to grow in value as models, platforms and agents change,” company Chief Executive Sandeep Kalra said.

The company booked orders worth USD 633.5 million in total contract value (TCV) and USD 481 million in annual contract value (ACV) in the July-September quarter.

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