Slide 1: Exchange filing cover letter: Fact Sheet Q1 FY26
NSE & BSE / 2025-26 / 096 July 23, 2025 The Manager The Manager Corporate Services, Corporate Services, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, P J Towers, Dalal Street, Bandra (E), Mumbai 400 051 Mumbai 400 001 Ref: Symbol: PERSISTENT Ref: Scrip Co
Slide 2: Investor Presentation July 2025
Investor Presentation July 2025 © 2025 Persistent Systems
Slide 3: 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 4: We are Persistent
We are Persistent AI-led, Platform-driven Digital Engineering & Enterprise Modernization partner $389.7M 15.5% 12.7% FY26 Q1 Revenue EBIT Margin PAT Margin +18.8% YoY +34.8% YoY +38.7% YoY $1,470.7M $1,512.1M $10.9B* TTM Revenue TTM ACV Bookings Market Capitalization +19.4% YoY 1 USD = INR 85.74 | *
Slide 5: Our journey over 35+ years has been shaped with Cloud, Data, and AI
Our journey over 35+ 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- Second Orbit 2016 – 2019 driven services strategy o Strong Orbit 2008 – 2016 positioning o New growth vectors at the First o Caught th
Slide 6: Powered by our 25,000+ employees spread across the globe
…powered by our 25,000+ 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 3,029 280 21,820 211 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 5 of 5 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 T
Slide 9: We continue to build on our long-term growth journey
We continue to build on our long-term growth journey… Revenue in $M 1,559 17.4% 25.6% 1,409 Revenue CAGR 4-Year Revenue CAGR From IPO to FY25 between FY21 and FY25 1,186 1,036 Axis Title 766 566 471 481 502 429 352 309 274 207 238 170 127 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 F
Slide 10: Sequential revenue growth over the last 21 quarters
…with sequential revenue growth over the last 21 quarters… Revenue in $M 389.7 375.2 360.2 345.5 328.2 310.9 291.7 300.6 274.6 282.9 255.6 264.4 241.5 217.3 199.1 182.3 166.8 146.2 152.8 131.0 136.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY21 FY21 FY21 FY21 FY22 FY22 FY22 FY2
Slide 11: Delivering sustained, profitable growth
…while delivering sustained, profitable growth Quarterly Revenue ($M), % QoQ and % YoY Growth EBIT and PAT Margin % 389.7 375.2 15.6% 15.5% 360.2 14.9% 14.5% 14.5% 14.0% 14.0% 345.5 13.7% 328.2 tY1 310.9 42 12.7% 12.2% 12.2% 12.2% 300.6 0ll 11.5% 11.2% 11.2% 291.7 eX! 10.9% $ Q2FY24 Q3FY24 Q4FY24 Q1
Slide 12: Steady performance across all industry segments
We are witnessing steady performance across all industry segments… Quarterly Revenue ($M) Software, Hi-Tech & Banking, Financial Healthcare Emerging Industries Services & Insurance & Life Sciences 110.0 159.0 98.5 132.2 100.0 90.0 80.0 70.0 60.0 50.0 40.0 30.0 20.0 16.3% 11.8% 6.3% 2.4% -0.5% 3.2% 9
Slide 13: Expanding offerings and deepening client relationships
…by expanding our offerings and deepening our client relationships… Client Concentration Large Client Count Top 10 clients as % of total revenue >$5M Annual Revenue 56 55 47 41.5% 41.5% 42.2% 42.0% 43 40.0% 40.0% 41 39.5% 39.3% 40 39 38 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY24
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) 92 92 86 105.3% 98.6% 81 76 80.7% 84.4% 67 68 64 58 56 49.3% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1FY26 Days Billed Incl. Unbilled Re
Slide 15: Industry-leading, long-term shareholder value
…resulting in industry-leading, long-term shareholder value Persistent Total Shareholder Return Persistent 1-Year Stock Performance 1 year 42.6% return 0.7% 255.7% 42.6% 3 year return 4.5% 7.7% 6.2% 5 year 1805.2% 30.9% return Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Persistent NIFTY IT NIFTY 50 Share Pri
Slide 16: 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 6,900+ Certifications 2,150+ Certifications 1,950+ Certifications 11,050+ Certifications Platinum Partner Premier Partner Select Partner 1,050+ Certific
Slide 17: Advancing our AI-led, platform-driven services strategy
We are advancing our AI-led, platform-driven services strategy… AI for Technology AI for Business Strategic Big Bets o Expanding and strengthening existing AI capabilities Platform-based Services o Domain-driven capabilities for industry-specific Agentic AI-led o SASVA : AI-based software developmen
Slide 18: Filed for 55+ patents in core and emerging AI technologies
…by scaling our IPs, setting new benchmarks in AI-driven innovation… TM Filed for 55+ patents in core and emerging AI technologies AI Infrastructure and Orchestration Data Intelligence and Analytics Core AI infrastructure, model orchestration, and intelligent routing Advanced data analytics, intelli
Slide 19: Unlocking business value through data, engineering, and ecosystems
…unlocking business value through data, engineering, and ecosystems… Re(AI)magining Enterprise Transformation Deliver Transformative Solutions AI-first, industry-specific, cross-functional solutions to streamline workflows and drive business impact TM Drive Enterprise Data Readiness Maximize Enginee
Slide 20: Building Agentic-first solutions leveraging leading industry platforms
…and building Agentic-first solutions leveraging leading industry platforms Agentic Studio Agentic AI Partner Ecosystem Curated to Power Enterprise Innovation Industry-specific Workflows Enables SMEs to build agentic workflows tailored for industries like BFSI and HLS to drive contextual outcomes. A
Slide 21: Sustainability and inclusivity embedded in 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: Meaningful impact on our people and communities
We are making a meaningful impact on our people and communities Environment 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 Trees planted, taking the overall Of treated wastewater in owned campuses Waste recy
Slide 23: Recognized for leadership in Investor Relations and stakeholder trust
We were recognized for leadership in Investor Relations and stakeholder trust Acknowledged as “Most Honored Company” in 2025 Asia (ex-Mainland China) Executive Team survey by Extel The achievement reflects the Company’s robust Investor Relations program, quality and transparency of disclosures, and
Slide 24: Honored for strong corporate governance and climate action
We were honored for strong corporate governance and climate action… Presented by Hetal Dalal, President & COO, IiAS and Sanjiv Mehta, Executive Chairman India, L Catterton Recognized as the “Next Leader” by Institutional Investor Advisory Received “Climate Action” Award in the service category from
Slide 25: Applauded for our inclusive work environment
…and applauded for our inclusive work environment Named one of America’s Greatest Workplaces for Recognized as the Best Employer – Emerging Inclusion & Diversity 2025 by Newsweek and Plant A Inclusive Companies (Large Company) by the Insights Group Confederation of Indian Industry Read more Read mor
Slide 26: Performance Highlights
Performance Highlights 25 © 2025 Persistent Systems
Slide 27: CEO Sandeep Kalra comments
“We delivered our 21st sequential quarter of revenue growth, up 3.9% Q-o-Q and 18.8% Y-o-Y, while sustaining operating margins in a challenging macroeconomic environment. This performance reflects the strength of our AI-led, platform-driven strategy, focus on customer value creation, and our ability
Slide 28: Q1 FY26: Financial Highlights
Q1 FY26: Financial Highlights Revenue ($ million) 3.9% QoQ 18.8% YoY Revenue (₹ million) 2.8% QoQ 21.8% YoY 389.7 33,335.9 375.2 32,421.1 328.2 27,371.7 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 EBIT (₹ million) 2.5% QoQ 34.8% YoY PAT (₹ million) 7.4% QoQ 38.7% YoY 5,052.9 5,178.1 4,249.4 3,957.6 3,
Slide 29: Q1 FY26: TCV and ACV Bookings
Q1 FY26: TCV and ACV Bookings Trailing Twelve Month TCV* $2,161.4M Trailing Twelve Month TCV (New) $1,389.4M 594.1 389.8 529.0 333.6 329.0 337.0 517.5 520.8 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Quarterly TCV Quarterly TCV Trailing Twelve Month ACV* $1,512.1M Trailing Twelve Month
Slide 30: Q1 FY26: TTM Performance
Q1 FY26: TTM Performance Revenue ($ million) 19.4% Revenue (₹ million) 22.4% 1,470.7 125,351.3 1,231.3 102,375.8 TTM Q1FY25 TTM Q1FY26 TTM Q1FY25 TTM Q1FY26 EBIT (₹ million) 29.8% PAT (₹ million) 29.7% 15,186.8 18,850.6 14,523.3 11,711.4 Margin % 14.2% 15.0% Margin % 11.4% 12.1% TTM Q1FY25 TTM Q1FY2
Slide 31: Q1 FY26: Key Wins
Q1 FY26: Key Wins Software, Hi-Tech & Banking, Financial Healthcare Emerging Industries Services & Insurance & Life Sciences Replacing legacy on-prem data warehouse Enhancing customer experience and Establishing a software Center of and analytics product with an AI-driven process automation through
Slide 32: Notable Achievements and News
Notable Achievements and News 31 © 2025 Persistent Systems
Slide 33: Chairman and MD won Eminent Engineer's Award 2024
Our Chairman and MD won the Eminent Engineer’s Award 2024 by ECI Recognized for Visionary Leadership and Impact on the Engineering Community Engineering Council of India (ECI) awarded Dr. Anand Deshpande under the Industry Category for: o Pioneering India’s digital engineering success story by found
Slide 34: Fastest-growing Indian IT Services brand by Brand Finance
We were named the fastest-growing Indian IT Services brand by Brand Finance Commended for Increase in Brand Value and Brand Strength Prominently featured in ‘Brand Finance India 100’ 2025 Report, underscoring our strong brand equity and market impact. Key achievements and rankings include o Fastest-
Slide 35: Leader in ISG Provider Lens 2025 for Digital Engineering Services
We were cited as a Leader in ISG Provider Lens 2025 for Digital Engineering Services Accelerating Business Transformation with AI, Cloud, and CX Expertise We were commended for: o Differentiated experience transformation approach by combining human-centric design with GenAI and rapid prototyping o E
Slide 36: Leader in Everest Group Talent Readiness PEAK Matrix 2025
We were recognized as a Leader in Everest Group Talent Readiness for Next- Gen Application Services PEAK Matrix® Assessment 2025 Future-ready Talent Strategy to Drive Client Success We were recognized for: o Well-rounded talent pool with strong capabilities across cloud, API, LCNC, performance engin
Slide 37: We thank Yogesh Patgaonkar for his service
We thank Yogesh Patgaonkar for his exceptional service and leadership Yogesh Patgaonkar, Chief People Officer, will retire from his role effective July 31, 2025. We are grateful for his invaluable contributions and the role he played in advancing our people strategy. During his tenure, the Company r
Slide 38: We welcome Rajiv Naithani as Chief People Officer
We welcome Rajiv Naithani as our Chief People Officer Visionary HR Leader with Over 20 Years of Experience in Driving Organizational Transformation o Rajiv joined us in February 2025 and will assume the role of Chief People Officer effective August 1, 2025, as part of a planned succession. o He will
Slide 39: We welcome Shimona Chadha as Chief Marketing Officer
We welcome Shimona Chadha as our Chief Marketing officer Marketing Transformation Leader with Over Two Decades of Experience Accelerating Growth and Brand Impact o She will lead global marketing strategy, focused on elevating brand positioning and enabling business growth with integrated marketing i
Slide 40: Financial Details
Financial Details 39 © 2025 Persistent Systems
Slide 41: Sequential Q1 FY26 vs Q4 FY25
Sequential Q1 FY26 vs Q4 FY25 % of Sales % of Sales Particulars (₹ M, unless otherwise stated) Q1FY26 Q4FY25 Change QoQ Q1FY26 Q4FY25 Revenue ($ M) 389.7 375.2 3.9% Avg. Exchange Rate ₹ / US$ 85.5 86.4 -1.0% Revenue (₹ M) 33,335.9 32,421.1 2.8% Total Direct costs 21,576.2 21,117.0 2.2% 64.7% 65.1% G
Slide 42: YoY Comparison: Q1 FY26 vs Q1 FY25
YoY Comparison: Q1 FY26 vs Q1 FY25 % of Sales % of Sales Particulars (₹ M, unless otherwise stated) Q1FY26 Q1FY25 Change YoY Q1FY26 Q1FY25 Revenue ($ M) 389.7 328.2 18.8% Avg. Exchange Rate ₹ / US$ 85.5 83.4 2.6% Revenue (₹ M) 33,335.9 27,371.7 21.8% Total Direct costs 21,576.2 18,328.7 17.7% 64.7%
Slide 43: Balance Sheet
Balance Sheet As on As on As on Particulars (₹ M) June 30, 2025 March 31, 2025 June 30, 2024 Assets PPE and Intangible Assets 26,161.6 26,184.4 22,940.4 Non-Current Assets 5,353.5 5,053.5 4,998.0 Cash and Investments 22,751.1 19,511.4 18,947.8 Other Current Assets 39,921.3 36,616.7 34,536.0 Total 94
Slide 44: Fact Sheet
Fact Sheet 43 © 2025 Persistent Systems
Slide 45: Fact Sheet
Fact Sheet Q1FY26 Q4FY25 Q3FY25 Q2FY25 Q1FY25 FY25 FY24 Revenue from Operations, $M 389.7 375.2 360.2 345.5 328.2 1,409.1 1,186.0 % QoQ growth 3.9% 4.2% 4.3% 5.3% 5.6% % QoQ growth (constant 3.3% 4.5% 4.6% 5.1% 5.6% 19.0% 14.4% currency) Revenue % YoY growth 18.8% 20.7% 19.9% 18.4% 16.0% 18.8% 14.5%
Slide 46: Fact Sheet
Fact Sheet Q1FY26 Q4FY25 Q3FY25 Q2FY25 Q1FY25 FY25 FY24 BFSI 33.9% 32.3% 31.7% 31.5% 30.8% 31.6% 31.9% Segment Healthcare & Life Sciences 25.3% 26.8% 27.8% 27.8% 26.7% 27.3% 21.0% Revenue Mix Software, Hi-Tech & Emerging 40.8% 40.9% 40.5% 40.7% 42.5% 41.1% 47.1% Industries Total 100.0% 100.0% 100.0%
Slide 47: Fact Sheet
Fact Sheet Q1FY26 Q4FY25 Q3FY25 Q2FY25 Q1FY25 FY25 FY24 Hedges Outstanding Hedges ($M) 440 300 300 270 271 300 260 Rates (₹/$) 86.9 86.3 85.3 84.8 84.4 86.3 84.2 Q1FY26 Q4FY25 Q3FY25 Q2FY25 Q1FY25 FY25 FY24 Top 5 31.8% 32.7% 30.8% 31.4% 30.7% 31.3% 27.7% Revenue Top 10 42.0% 42.2% 40.0% 41.5% 41.5%
Slide 48: Fact Sheet
Fact Sheet Q1FY26 Q4FY25 Q3FY25 Q2FY25 Q1FY25 FY25 FY24 Technical 23,787 23,072 22,407 21,675 21,866 23,072 22,224 People Sales and Business Development 496 485 489 492 510 485 484 Numbers Others 1,057 1,037 1,046 1,070 1,143 1,037 1,142 Total 25,340 24,594 23,941 23,237 23,519 24,594 23,850 Q1FY26
Slide 49: Persistent
f Persistent