Slide 1: Investor Presentation
Investor Presentation April 2026 © 2026 Persistent Systems
Slide 2: Forward-looking and Cautionary Statements
Forward-looking and Cautionary Statements Certain statements in this Presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statement
Slide 3: We are Persistent
We are Persistent AI-led, Platform-driven Digital Engineering & Enterprise Modernization partner Q4 FY26 FY26 Revenue $436.0M $1,654.4M ₹147.5B +16.2% YoY +17.4% YoY +23.5% YoY EBIT Margin 16.3% 15.6%* PAT Margin 13.1% 12.6%* $8.1B 27,502 Market Capitalization Employees As of March 31, 2026 * Includ
Slide 4: Shareholder Update: FY26 Final Dividend Declaration
Shareholder Update: FY26 Final Dividend Declaration ₹18 The Board of Directors recommended a Final Dividend of ₹18 per share. This translates to ₹40 per share for FY26 compared to ₹35 per share for FY25. The Final Dividend recommended by the Board is subject to approval at the ensuing Annual General
Slide 5: Our journey over 36+ years has been shaped with Cloud, Data and AI
Our journey over 36+ years has been shaped with Cloud, Data and AI… Sixth Fifth Orbit Fourth Orbit 2024 onwards Third Orbit 2019 – 2023 o Pivot to AI-led, platform-driven Second Orbit 2016 – 2019 o Strong services strategy First Orbit 2008 – 2016 o Caught the early positioning as a global Digital o
Slide 6: Powered by our 27,500+ employees spread across the globe
…powered by our 27,500+ employees spread across the globe… Canada Netherlands UK Germany Ireland Poland USA Romania India France Malaysia Japan Switzerland Mexico Costa Rica Singapore GenAI Studio South Africa Australia North America Europe India Rest of the World 3,114 304 23,869 215 Employees Empl
Slide 7: Built on our Digital Engineering heritage
…and built on our Digital Engineering heritage Powered by AI Unlock Growth Co-Innovation with Software, Hi-Tech Banking, Financial Healthcare & Emerging Services & & Life Clients Industries Insurance Sciences Enable Business Agility Product & Platform Engineering Validation from Accelerate Industry
Slide 8: We are helping market leaders transform their industries
We are helping market leaders transform their industries Software & Hi-Tech Banking, Financial Services & Insurance 7 of 10 4 of 5 3 of 5 Top Technology Top Banks Top Companies (in both US & India) FinTech Companies Healthcare & Life Sciences 3 of 5 3 of 5 2 of 5 4 of 5 Top SIMD* Top Pharmaceutical
Slide 9: We continue to scale our long-term growth trajectory
We continue to scale our long-term growth trajectory… Revenue in $M 17.3% 23.9% 1,654 1,744 Revenue CAGR 5-Year Revenue CAGR From IPO to FY26 between FY21 and FY26 1,409 1,186 Axis Title 1,036 766 566 471 481 502 429 352 309 274 207 238 170 127 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20
Slide 10: With 24 sequential quarters of revenue growth
…with 24 sequential quarters of revenue growth… Revenue in $M 436.0 422.5 406.2 389.7 375.2 360.2 345.5 328.2 310.9 300.6 291.7 274.6 282.9 255.6 264.4 241.5 217.3 199.1 182.3 166.8 146.2 152.8 131.0 136.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY21 FY21 FY21 FY21 FY
Slide 11: Delivering sustained growth and profitability
…while delivering sustained growth and profitability Quarterly Revenue ($M), % QoQ and % YoY Growth EBIT and PAT Margin % 436.0 422.5 406.2 16.3% 16.3% 15.6% 15.5% 389.7 14.4%* 14.9% 375.2 360.2 14.0% 14.0% tY1 345.5 42 328.2 0ll 13.1% eX! 12.7% 13.2% $ 12.2% 12.2% 11.2% 11.2% 11.6%* Q1FY25 Q2FY25 Q
Slide 12: Broad-based momentum across all our industry segments
We are seeing broad-based momentum across all our industry segments… Quarterly Revenue ($M) Software, Hi-Tech & Banking, Financial Healthcare Emerging Industries Services & Insurance & Life Sciences 170.8 150.4 114.8 2.4% -0.5% 3.2% 9.7% 14.1% 15.5% 14.7% 11.2% 7.3% 15.3% 22.0% 26.6% 30.7% 30.0% 29.
Slide 13: Advancing AI-led offerings and deepening client relationships
…by advancing our AI-led offerings and deepening our client relationships… Client Concentration Large Client Count Top 10 clients as % of total revenue >$5M Annual Revenue 62 61 56 56 55 43.2% 43.7% 42.2% 42.1% 41.5% 41.5% 42.0% 40.0% 47 43 41 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY25 FY2
Slide 14: Disciplined execution and efficient capital utilization
…backed by disciplined execution and efficient capital utilization… Operating Cash Flow (OCF) to PAT% Days Sales Outstanding (DSO) 114.3% 105.3% 98.6% 81 81 80 91.0% 94.7% 76 75 77.0% 82.6% 58 56 54 57 53 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY25 FY26 Q4 FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Quarter-o
Slide 15: Long-term, industry-leading value for our shareholders
…translating into long-term, industry-leading value for our shareholders Persistent Total Shareholder Return Persistent 1-Year Stock Performance -11.5% 1 year return 0.7% 3 year return 111.6% 3.6% -5.1% - 11.5% 5 year return 407.5% 12.9% - 21.2% 7 year return 1452.7% 44.4% Mar-25 Jun-25 Sep-25 Dec-2
Slide 16: We are the Ecosystem Orchestrator of Choice
We are the “Ecosystem Orchestrator of Choice” for our customers Solutions Partner in 5 areas* Premier Partner Premier Partner Global Summit Partner 7,520+ Certifications 2,660+ Certifications 2,390+ Certifications 9,300+ Certifications Platinum Partner Premier Partner Silver Partner 1,540+ Certifica
Slide 17: Establishing our AI-led, platform-driven strategy
Over the past few quarters, we established and operationalized our AI-led, platform-driven strategy… Re(AI)magining Enterprise Transformation Enable enterprises to drive business impact through AI-first, industry-specific, cross-functional solutions Engineering Hyper-Productivity Business Hyper-Prod
Slide 18: Accelerated transformation through partnerships, IPs, accelerators and solutions
…and accelerated enterprise-wide transformation powered by our strategic partnerships, IPs, accelerators and solutions… Re(AI)magining Enterprise Transformation Enable enterprises to drive business impact through AI-first, industry-specific, cross-functional solutions Engineering Hyper-Productivity
Slide 19: Underpinned by our 3C Framework for successful AI execution
…underpinned by our 3C Framework for successful AI execution COORDINATION Integrates people, agents, applications, resources and systems collaborating in process-driven workflows with clear controls, accountability and governance through scalable, reliable and unified execution layer CONTEXT Provide
Slide 20: We hosted Persistent AI Huddle with 1,700+ participants
We hosted Persistent AI Huddle with 1,700+ participants Aligned leadership, enabled teams and prepared the organization for AI-led delivery at scale Brought together business Charted a clear roadmap for Enabled GTM teams to drive AI Hackathon executing end- leaders, engineering leaders each of our v
Slide 21: Sustainability and inclusivity embedded in our long-term ESG goals
Sustainability and inclusivity are embedded in our long-term ESG goals… Environment Social Responsibility o Maintain carbon neutrality for o Uplift society through education, scope 1 and 2 emissions and health, community development and achieve SBTi-approved net-zero conservation of heritage and wil
Slide 22: Making a meaningful impact on our people and communities
…enabling us to make a meaningful impact on our people and communities Environment Included in the Dow Jones World Sustainability Index For the second year in a row, we achieved carbon neutrality for Scope 1 and Scope 2 emissions 62.7% 35,795 35% 99% Electricity sourced from renewable Trees planted,
Slide 23: Performance Highlights
Performance Highlights 23 © 2026 Persistent Systems
Slide 24: Dr. Anand Deshpande
“Our approach has consistently been to build capabilities ahead of demand. Over the past 36 years, we have invested in strengthening our engineering depth and data foundations, which are now finding greater application as AI adoption scales across enterprises. These investments are leading to deeper
Slide 25: Sandeep Kalra
“We delivered 17.4% year-on-year revenue growth in FY26, with an EBIT margin of 15.6%. I am pleased to share that we have declared a full-year dividend of ₹40 per share. Q4 FY26 marked our 24th sequential quarter of growth, reflecting the consistency of our execution and alignment to client demand i
Slide 26: Q4 FY26: Financial Highlights
Q4 FY26: Financial Highlights Revenue ($ million) 3.2% QoQ 16.2% YoY Revenue (₹ million) 7.4% QoQ 25.1% YoY 436.0 422.5 40,559.4 37,782.1 375.2 32,421.1 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 EBIT (₹ million) 21.4% QoQ 30.5% YoY PAT (₹ million) 20.4% QoQ 33.7% YoY 6,591.6 5,292.6 5,427.5 5,052.9
Slide 27: FY26: Year on Year Performance
FY26: Year on Year Performance Revenue ($ million) 17.4% Revenue (₹ million) 23.5% 1,654.4 147,484.5 1,409.1 119,387.2 FY25 FY26 FY25 FY26 EBIT(₹ million) 31.5% PAT (₹ million) 33.2% 23,034.7 18,651.2 17,512.6 14,001.6 Margin % 14.7% 15.6% Margin % 11.7% 12.6% FY25 FY26* FY25 FY26* * Including one-t
Slide 28: FY26: TCV and ACV Bookings
FY26: TCV and ACV Bookings Trailing Twelve Months TCV* $2,405.3M Trailing Twelve Months TCV (New) $1,465.8M 408.9 674.5 369.1 609.2 600.8 350.8 337.0 520.8 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Quarterly TCV ($M) Quarterly TCV ($M) Trailing Twelve Months ACV* $1,780.1M Trailing Twe
Slide 29: Q4 FY26: Key Wins
Q4 FY26: Key Wins Software, Hi-Tech & Banking, Financial Healthcare Emerging Industries Services & Insurance & Life Sciences Driving large-scale shift from hardware-centric Scaling flagship enterprise platform by Orchestrating multi-phase program spanning products to software-led platforms through a
Slide 30: Awards and Recognitions
Awards and Recognitions 30 © 2026 Persistent Systems
Slide 31: In FY26, we earned notable recognitions
In FY26, we earned notable recognitions, signaling strong brand equity and enduring market preference... Conferred ‘Most Honored Company’ Recognized as the Fastest Growing IT Acknowledged as the Fastest Growing Named among India’s Most Valuable status in Extel’s 2025 Asia (ex-Mainland Services Bran
Slide 32: Acknowledged by leading analysts and advisors for our expertise
… and were acknowledged by leading analysts and advisors for our expertise Won multiple ISG Customer Awarded ‘Growth Honor of the Year’ at Leader in ISG Provider Lens 2025 for Won the 2025 ISG Star of Excellence Experience (CX) Star Performer 2025 Everest Group Elevate Honors Digital Engineering Ser
Slide 33: Our leaders were honored for consistent execution
Our leaders were honored for consistent execution and business impact Dr. Anand Deshpande received the Dr. Anand Deshpande was honored Dr. Anand Deshpande and Sandeep Sandeep Kalra was named Impactful Lifetime Achievement Award at the with the Lifetime Achievement Award at Kalra jointly recognized b
Slide 34: Recognitions across ESG, talent excellence and AI-led innovation
We garnered recognitions across ESG, talent excellence and AI-led innovation Recognized among BW Businessworld’s India’s Most Ranked 13th in the Perpetual Capital–Hurun India Named one of the Best Organizations for Women Sustainable Companies, ranking 2nd in the IT and Impact 50 (2026) by ET Edge Di
Slide 35: Notable News
Notable News 35 © 2026 Persistent Systems
Slide 36: We expanded our global footprint
We expanded our global footprint to ensure client proximity and scale AI adoption… Opened Melbourne Innovation Center to Support Enterprise Modernization and AI Adoption o Strategic hub for AI-driven enterprise reinvention across Australia and New Zealand (ANZ) region o Enables co-creation with clie
Slide 37: Co-innovating with AI ecosystem partners on domain-specific solutions
…as we continue to co-innovate with AI ecosystem partners to develop domain-specific solutions… Launched AI-Powered Generative Molecules and Unveiled Merchant Risk Management Solution Virtual Screening Solution Powered by NVIDIA Powered by Databricks AI Advanced Technology Partner Global Systems Int
Slide 38: Building industry-academia partnerships to drive long-term AI impact
…while building industry-academia partnerships to drive long-term AI impact Partnered with IIT, Kharagpur to Establish the Developed “AI Value Compass” with Krishnamurthy Persistent Innovation Lab for AI Tandon School of Artificial Intelligence at IIM Ahmedabad Launched the AI Innovation Lab with th
Slide 39: We expanded our leadership team
We expanded our leadership team to support our growth aspirations Ruchi Kulhari, Executive Vice President – Enterprise Hari S. Abhyankar, Executive Vice President and Global Strategy and Execution Head of Private Equity and Professional Services Ruchi brings over two decades of global Hari has over
Slide 40: Financial Details
Financial Details 40 © 2026 Persistent Systems
Slide 41: Sequential Q4 FY26 vs Q3 FY26
Sequential Q4 FY26 vs Q3 FY26 % of Sales % of Sales Particulars (₹ M, unless otherwise stated) Q4FY26 Q3FY26 Change QoQ Q4FY26 Q3FY26 Revenue ($ M) 436.0 422.5 3.2% Avg. Exchange Rate ₹ / US$ 93.0 89.4 4.0% Revenue (₹ M) 40,559.4 37,782.1 7.4% Total Direct costs 26,246.9 25,017.8 4.9% 64.7% 66.2% Gr
Slide 42: YoY Comparison: Q4 FY26 vs Q4 FY25
YoY Comparison: Q4 FY26 vs Q4 FY25 % of Sales % of Sales Particulars (₹ M, unless otherwise stated) Q4FY26 Q4FY25 Change YoY Q4FY26 Q4FY25 Revenue ($ M) 436.0 375.2 16.2% Avg. Exchange Rate ₹ / US$ 93.0 86.4 Revenue (₹ M) 40,559.4 32,421.1 7.7% Total Direct costs 26,246.9 21,117.0 24.3% 64.7% 65.1%
Slide 43: FY26 vs FY25
FY26 vs FY25 % of Sales % of Sales Particulars (₹ M, unless otherwise stated) FY26 FY25 Change YoY FY26 FY25 Revenue ($ M) 1,654.4 1,409.1 17.4% Avg. Exchange Rate ₹ / US$ 89.1 84.7 5.2% Revenue (₹ M) 147,484.49 119,387.17 23.5% Total Direct costs 95,764.7 78,740.0 21.6% 64.9% 66.0% Gross Profit 51,
Slide 44: Balance Sheet
Balance Sheet As on As on Particulars (₹ M) March 31, 2026 March 31, 2025 Assets PPE and Intangible Assets 28,935.6 26,184.4 Non-Current Assets 7,563.7 5,053.5 Cash and Investments 27,622.1 19,511.4 Other Current Assets 49,644.0 36,616.7 Total 113,765.4 87,366.0 Equity and Liabilities Net Worth 78,3
Slide 45: Fact Sheet
Fact Sheet 45 © 2026 Persistent Systems
Slide 46: Fact Sheet
Fact Sheet Q4FY26 Q3FY26 Q2FY26 Q1FY26 Q4FY25 FY26 FY25 Revenue from Operations, $M 436.0 422.5 406.2 389.7 375.2 1,654.4 1,409.1 % QoQ growth 3.2% 4.0% 4.2% 3.9% 4.2% % QoQ growth 3.4% 4.1% 4.4% 3.3% 4.5% (constant currency) Revenue % YoY growth 16.2% 17.3% 17.6% 18.8% 20.7% 17.4% 18.8% Revenue fro
Slide 47: Fact Sheet
Fact Sheet Q4FY26 Q3FY26 Q2FY26 Q1FY26 Q4FY25 FY26 FY25 BFSI 34.5% 35.0% 34.8% 33.9% 32.3% 34.6% 31.6% Segment Healthcare & Life Sciences 26.3% 25.4% 25.2% 25.3% 26.8% 25.6% 27.3% Revenue Mix Software, Hi-Tech & Emerging 39.2% 39.6% 40.0% 40.8% 40.9% 39.8% 41.1% Industries Total 100.0% 100.0% 100.0%
Slide 48: Fact Sheet
Fact Sheet Q4FY26 Q3FY26 Q2FY26 Q1FY26 Q4FY25 FY26 FY25 Hedges Outstanding Hedges ($M) 500 490 475 440 300 500 300 Rates (₹/$) 90.7 89.1 87.8 86.9 86.3 90.7 86.3 Q4FY26 Q3FY26 Q2FY26 Q1FY25 Q4FY25 FY26 FY25 Top 5 31.5% 32.9% 32.9% 31.8% 32.7% 32.2% 31.3% Revenue Top 10 42.1% 43.7% 43.2% 42.0% 42.2%
Slide 49: Fact Sheet
Fact Sheet Q4FY26 Q3FY26 Q2FY26 Q1FY26 Q4FY25 FY26 FY25 Technical 25,849 25,077 24,608 23,787 23,072 25,849 23,072 People Sales and Business Development 543 520 510 496 485 543 485 Numbers Others 1,110 1,114 1,106 1,057 1,037 1,110 1,037 Total 27,502 26,711 26,224 25,340 24,594 27,502 24,594 Q4FY26
Slide 50: Persistent
f Persistent