Persistent Systems533179Information technology services
Persistent Systems posted Q results with revenue in line with estimates but profit and margin missed due to extra costs from the Nagaro acquisition
By ScoutQuest · · 1 min read
- TCV deal wins this quarter
- 633 million dollars
- TCV deal wins previous quarter
- 1.1 billion dollars
- Revenue growth
- 8.3 percent
- EBIT growth
- 1.5 percent
- Margin decline
- 100 basis points
Heard on business television between 07:48:23 - 07:51:23 IST.
- Revenue growth came in line with estimates but margin and profit missed, impacted by Nagaro acquisition costs.
- This marked the 26th consecutive quarter of sequential revenue growth for the company.
- Constant currency growth was 3.8%, the highest in 15-17 quarters.
- TCV deal wins came in at $633 million versus $1.1 billion in the previous quarter, a QoQ decline attributed to a high base in Q1.
- Revenue grew 8.3%, EBIT rose 1.5%, margin was down 100 bps (versus expected 40 bps decline), and net profit fell 27%.
- Company expects further margin impact in coming quarters due to Nagaro-related costs.
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Source: Live TV News Channel · 16 Oct 2026
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