Persistent Systems Reports Impressive Revenue Growth for FY25
Persistent Systems Reports Robust Financial Results for FY25
Persistent Systems has declared outstanding fiscal achievements, demonstrating significant growth and resilience in its latest financial reports. The Company reported a remarkable revenue of $1,409.1 million for the fiscal year ending March 31, 2025, reflecting an impressive year-over-year growth rate of 18.8%.
Quarterly Insights
In Q4 alone, the Company achieved a revenue of $375.2 million, marking a 4.2% increase from the previous quarter. These figures indicate a consistent upward trend, highlighting Continuous growth over several quarters.
Financial Highlights for FY25
Below are the audited financial highlights for the fiscal year 2024-2025:
- Total Revenue in USD: $1,409.1 million
- Revenue Growth Year-over-Year: 18.8%
- EBIT Margin: 14.7%
- Revenue in INR: ?119,387.2 million, showing a robust increase from the previous year's ?98,215.9 million, which translates to a year-over-year growth of 21.6%.
Quarterly Highlights
For the quarter ending March 31, 2025, the financial results were equally promising:
- Quarterly Revenue in USD: $375.2 million
- Quarter-over-Quarter Growth: 4.2% from the previous quarter
- Year-over-Year Growth: An impressive 20.7%
Dividend Announcement
The hardworking Board of Directors recommended a final dividend of ?15 per share, culminating in a total dividend of ?35 for the year. This dividend aligns with the celebration of the Company’s 35th anniversary, marking a notable milestone.
Leadership Changes
The Company also welcomed Vinit Teredesai as the Chief Financial Officer and Additional Director on the Board, further strengthening its leadership team.
Comments from Leadership
The founder and Chairman, Dr. Anand Deshpande, commented on the Company's continued commitment to driving transformations through AI. He stated, "Persistent is leading the AI-led transformation, reflecting our vision to embed AI throughout our clients' digital journeys. Our focus on innovation continues to set the bar high, ensuring a competitive edge in the market."
CEO Sandeep Kalra expressed pride in the Company’s consistent revenue growth, emphasizing their commitment to client success, stating, "We are proud of our 20th sequential quarter of revenue growth and grateful to our clients for their trust in our capabilities."
Strategic Vision for Future Growth
The strategic outlook remains optimistic, with ambitions to reach $2 billion in annual revenue by FY27. The pivot towards AI-led services aims to sustain this growth trajectory, reinforcing the Company's resolve to deliver long-term value to its stakeholders.
Recent Client Engagements
The fourth quarter saw total contract value bookings reaching $517.5 million and significant contract wins across various sectors:
Software and Hi-Tech
Implementing robust solutions for a global security service leader, enhancing product compliance through advanced infrastructure improvements.
Banking and Financial Services
Developing a state-of-the-art compliance platform for major financial institutions, aimed at improving data accuracy and efficiency.
Healthcare Sector
Investigating AI adoption in patient data management, enhancing processing times and efficiency for healthcare operations.
Acknowledgments and Industry Recognition
The Company celebrated significant achievements, including being honored at the industry's prestigious events and awards. These recognitions underscore the Company’s commitment to excellence and innovation within the tech landscape.
About Persistent Systems
Persistent Systems is recognized as a premier global technology company, focusing on digital engineering and enterprise modernization. With a strong team of over 24,500 employees, the Company is dedicated to delivering innovative solutions and maintaining a client-focused approach. Persistent has made notable strides in sustainability and remains committed to addressing global challenges through responsible business practices.
Frequently Asked Questions
What are the recent financial results for Persistent Systems?
Persistent Systems reported a revenue of $1,409.1 million for FY25, with an 18.8% year-over-year growth rate.
What strategic initiatives is Persistent focusing on?
The Company is emphasizing AI-led platform-driven services to fuel continued growth and innovation.
What is the total dividend declared by Persistent Systems?
The Board recommended a total dividend of ?35 per share, celebrating the Company's 35th anniversary.
Who joined the leadership team recently?
Vinit Teredesai has been appointed as the Chief Financial Officer and Additional Director on the Board.
What industries does Persistent Systems serve?
Persistent Systems provides services across various sectors, including software, healthcare, banking, and finance.
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