Persistent Systems Celebrated for Exceptional Growth Achievements
Persistent Systems Celebrated for Exceptional Growth Achievements
Persistent Systems, a distinguished global leader in Digital Engineering and Enterprise Modernization, has recently garnered significant recognition for its impressive growth trajectory. Awarded the 'Growth Honor of the Year' at the prestigious Everest Group Elevate Honors, this accolade underscores the company's remarkable ability to achieve consistent revenue growth and adapt to evolving market dynamics.
Recognition by Everest Group
At the heart of this achievement lies an acknowledgment from Everest Group, which specializes in independent research and analysis in the service provider market. Persistent Systems was chosen for this honor based on its annual revenue figures, specifically from those companies whose revenues fall between $1–5 billion. This selection not only validates Persistent's market position but also highlights its unwavering commitment to delivering long-term value to stakeholders.
Impressive Growth Metrics
Persistent Systems has showcased impressive financial performance, achieving 21 consecutive quarters of revenue growth. As of the latest reported figures, the company recorded a staggering $1,470.7 million in trailing twelve-month revenue. Between fiscal years 2021 and 2025, it experienced a compound annual growth rate (CAGR) of 25.6%, positioning itself as a leader among publicly listed global service providers. Since its initial public offering in 2010, Persistent has maintained a remarkable CAGR of 17.4%. This consistent performance also translates into substantial shareholder returns, with an eye-popping five-year return of 1,805.2%.
Client-Centric and Innovative Approach
The key factors fueling Persistent's growth are its client-centric approach and profound understanding of market dynamics. The company's ability to harness emerging technologies, particularly through its AI-led and platform-driven services, has propelled its expansion in challenging macroeconomic conditions. Innovative offerings such as SASVA™, iAURA, and GenAI Hub embody the company's strategy to deliver tangible results for clients. Additionally, a robust partner ecosystem combined with a highly skilled global workforce has amplified its capacity to achieve business objectives.
Leading Figures' Perspectives
Sandeep Kalra, the Chief Executive Officer and Executive Director of Persistent, expressed gratitude for this recognition, emphasizing the importance of trust from clients and the commitment of the global team. He stated, "We thank Everest Group for this recognition, which stands as a powerful affirmation of our clients' trust, the passion of our global team, and the strength of our partnerships. Our disciplined execution and innovation mindset, combined with our focus on AI-led, platform-driven services strategy, have powered our growth and enabled us to drive measurable outcomes for our clients. As we continue advancing toward our aspiration of becoming a $5 billion company by FY31, we remain steadfast in accelerating this momentum as we set new benchmarks for growth and performance."
Celebration of Excellence at Elevate 2025
The Everest Group Elevate event, held in Dallas, served as the backdrop for this announcement, marking the inaugural gathering of industry leaders focused on enterprise growth. Ronak Doshi, a Partner at Everest Group, reaffirmed the importance of this recognition, stating, "We congratulate Persistent Systems for their recognition in the Growth Honor of the Year. The awards are based on independent, fact-based, analyst-driven research, which validates high performance and excellence across the industry."
About Persistent Systems
Persistent Systems, listed on both the BSE and NSE, operates as a comprehensive provider of AI-led, platform-driven solutions. With a workforce exceeding 25,000 employees and operations spanning across 18 countries, the company prides itself on its innovative solutions tailored to a diverse range of industry needs. Its service offerings encompass software engineering, data analytics, cloud computing, intelligent automation, and customer experience transformation. Recognized as a top workplace for inclusion and diversity in 2025, Persistent Systems is committed to sustainability, achieving carbon neutrality and participation in global initiatives like the United Nations Global Compact.
Frequently Asked Questions
What is the Growth Honor of the Year?
The Growth Honor of the Year is an accolade awarded by Everest Group recognizing companies with exceptional revenue growth performance in their industry.
How has Persistent Systems performed financially?
Persistent Systems has achieved 21 consecutive quarters of revenue growth, reporting $1,470.7 million in trailing twelve-month revenue and a significant CAGR since its IPO.
What is the focus of Persistent's services?
Persistent focuses on AI-led and platform-driven services, addressing market needs through innovation in software engineering, data analytics, and other digital transformation solutions.
Where can I learn more about Persistent Systems?
For additional information about Persistent Systems and its offerings, please visit their official website.
What accolades has Persistent Systems received recently?
In addition to the 'Growth Honor of the Year', Persistent has been recognized for its commitment to sustainability and excellence in workplace diversity.
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