Persistent Systems Celebrates Growth Honor Recognition by Everest Group
Persistent Systems Honored Among Industry Leaders
Persistent Systems, a global leader in digital engineering and enterprise modernization, has received the prestigious 'Growth Honor of the Year' award at the Everest Group Elevate Honors. This accolade highlights their remarkable industry performance and consistent revenue growth among their global peers.
Recognition of Sustained Growth
The Elevate Honors signify a notable achievement for Persistent, which is renowned for its impressive growth trajectory. The company has maintained a commitment to generating long-term value for all stakeholders, further solidifying its position in the competitive landscape.
Impressive Financial Performance
According to recent reports, Persistent Systems has reported an impressive $1,470.7 million in trailing twelve-month revenue as of Q1 FY26. The company achieved a four-year compound annual growth rate (CAGR) of 25.6% from FY21 to FY25 and has maintained a 17.4% CAGR since its debut on the stock market in 2010. Furthermore, their five-year shareholder return stands at a remarkable 1,805.2%, demonstrating exceptional value creation for investors.
Client-Centric Approach Fuels Expansion
Persistent's success is largely attributed to its client-centric approach and in-depth market understanding. The company has effectively capitalized on emerging technologies to drive growth, even while navigating a dynamic macroeconomic environment. Their innovative offerings, such as SASVA™, iAURA, and GenAI Hub, have helped deliver meaningful results for clients.
Significant Industry Gathering
This recognition was announced at the first-ever Everest Group Elevate event, gathering leaders focused on enterprise growth strategies. Persistent's award underscores its commitment to leading the market through consistent performance and strategic growth initiatives.
Commitment to Innovation and Sustainability
Persistent Systems prides itself on a strong workforce and a robust partner ecosystem that empowers the delivery of outstanding business outcomes. As a significant player in the tech space, the company has been named one of America's Greatest Workplaces for Inclusion & Diversity in 2025, reflecting its dedication to fostering a diverse and inclusive environment.
Leadership Statements on the Recognition
Sandeep Kalra, Chief Executive Officer of Persistent Systems, expressed gratitude for the recognition, stating, "This honor is a testament to our dedicated team and the trust our clients place in us. Our focus on AI-led and platform-driven strategies is central to our vision of reaching a $5 billion revenue target by FY31. We are committed to maintaining our growth momentum and setting new industry benchmarks for performance and achievement."
Ronak Doshi, Partner at Everest Group, remarked, "The Elevate Honors program is indicative of high performance and excellence. Persistent Systems’ commitment to sustained growth is commendable, and we celebrate their success in receiving this award. Their achievement in the Growth Honor of the Year category reaffirms the significance of data-driven performance across the industry."
About Persistent Systems
Persistent Systems is a global technology services and solutions firm specializing in AI-led, platform-driven digital engineering. The company operates with over 25,000 employees across 18 countries and is focused on delivering innovation and ensuring client success. With a broad range of services, including software engineering, product development, cloud solutions, and intelligent automation, Persistent is positioned as a leader in the IT services industry.
As a recognized presence in various stock indices, including the National Stock Exchange of India, Persistent has demonstrated its commitment to sustainability with initiatives that have led to carbon neutrality. This reinforces their focus on responsible business operations and alignment with the UN Global Compact principles.
Frequently Asked Questions
What award did Persistent Systems recently receive?
Persistent Systems was honored with the 'Growth Honor of the Year' at the Everest Group Elevate Honors.
What has been Persistent's financial performance trend?
Persistent has reported consistent revenue growth, achieving $1,470.7 million in trailing twelve-month revenue, with a 25.6% CAGR over four years.
How does Persistent ensure client satisfaction?
The company focuses on a client-centric approach and leverages emerging technologies to deliver successful outcomes and innovative solutions.
What distinguishes the Everest Group Elevate Honors?
The Elevate Honors are awarded based on independent research, recognizing companies for their performance merit and consistent financial results.
What is Persistent's vision for the future?
Persistent aims to reach a $5 billion revenue target by FY31 while maintaining momentum in growth and setting industry benchmarks.
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