Latest Persistent Systems News & Updates

See the latest news and media coverage for Persistent. We track all announcements, press releases, and industry mentions in real time, all in one place.

Persistent Systems (Persistent)

Digital engineering and enterprise modernization services firm

persistent.com

Headquarters: Pune, India
Company type: Public company
Number of employees: 25,000+
Industry: IT Services & Consulting

Last updated Today

Latest news about Persistent Systems (Persistent)

In short: Persistent announced the major €1.1 billion acquisition of Nagarro and reported record deal wins despite a sequential drop in net profit.

Company announcements

August 4 Persistent

Persistent shareholders approved the Nagarro acquisition offer at AGM

The offer document awaits Bafin approval before publication; the takeover would create an AI-led digital engineering powerhouse with global scale.

August 2 Persistent

Persistent achieves $452.4M revenue in Q1 FY27

Reports 32.7% YoY EBIT growth and record TCV of $1.15B, plus Nagarro acquisition agreement.

July 22 Persistent

Persistent releases its ESG Report FY 2025-26

The report details the company's sustainability, workforce investment, and community engagement efforts.

July 16 Persistent

Persistent released its FY26 Annual Report on AI-driven enterprise transformation

The report details Re(AI)magining the Enterprise, highlighting how AI is woven into core business operations for competitive advantage

Media coverage

August 5 The Economic Times

AI to deflate IT revenue past 30%: Persistent CEO

Chief executive Sandeep Kalra said, "The expectation in the market is that using AI, you will be able to deflate the effort by 25% to...

August 4 BusinessLine

Persistent Systems wins shareholder favour for Nagarro acquisition

Persistent Systems secures shareholder approval for Nagarro acquisition, aiming to create a leading AI-led digital engineering company.

August 4 Moneycontrol

Persistent Systems Q1 revenue beats estimates, margins miss; Nomura retains 'Neutral', raises TP

Nomura raised its target multiple to 28x from 25x, taking the target price to Rs 5,270. However, it retained 'Neutral' given the stock's "rich valuation".

August 3 BusinessLine

Nagarro acquisition to expand Persistent's industry reach and geographic footprint: CFO

Persistent Systems aims for sustained growth through the Nagarro acquisition, enhancing its industry reach and geographic presence.

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