Slide 1: Exchange filing cover letter: Fact Sheet Consolidated Financial Data
NSE & BSE / 2025-26 / 016 April 24, 2025 The Manager The Manager Corporate Services, Corporate Services, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, 14th Floor, P J Towers, Dalal Street, Bandra (E), Mumbai 400 051 Mumbai 400 001 Ref: Symbol: PERSISTENT
Slide 2: Investor Presentation April 2025
Investor Presentation April 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 Q4 FY25 FY25 Revenue $375.2M $1,409.1M +20.7% YoY +18.8% YoY EBIT Margin 15.6% 14.7% $10B+ 24,594 Market Capitalization Employees As of March 31, 2025 3 © 2025 Persistent Systems
Slide 5: Our journey over 35+ years has been infused with Cloud, Data, and AI
Our journey over 35+ years has been infused with Cloud, Data, and AI… First Second Third Fourth Fifth Sixth Orbit Orbit Orbit Orbit Orbit Orbit 1990 – 2001 2001 – 2008 2008 – 2016 2016 – 2019 2019 – 2023 2024 onwards o Company inception o Category o Offering expansion o Catching the early o Strong p
Slide 6: Powered by our 24,500+ employees spread across the globe
…powered by our 24,500+ employees spread across the globe… Netherlands Canada UK Germany Ireland Poland USA Romania India France Malaysia Switzerland Japan Mexico Costa Rica Sri Lanka Singapore GenAI Studio South Africa Australia North America Europe India Rest of the World 2,891 280 21,211 212 Empl
Slide 7: Built on our Digital Engineering heritage
…and built on our Digital Engineering heritage Powered by AI Software, Banking, Healthcare Hi-Tech Financial & Life Unlock Growth Co-Innovation with & Emerging Services & Sciences Clients Industries Insurance 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 Healthcare & Life Sciences Banking, Financial Services & Insurance Software & Hi-Tech 8 of 10 4 of 10 3 of 5 3 of 5 Top SIMD* Top Pharmaceutical Companies Companies 4 of 10 4 of 10 Largest Banks Top Global 7 of 10 in both US & India FinTech Co
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 1,409 17.4% 25.6% Revenue CAGR 4-Year Revenue CAGR From IPO to FY25 between FY21 and FY25 1,186 1,036 Axis Title 766 566 481 502 471 429 352 309 274 238 207 170 127 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY
Slide 10: Sequential revenue growth over the last 20 quarters
…with sequential revenue growth over the last 20 quarters… Revenue in $M 375.2 360.2 345.5 328.2 310.9 300.6 291.7 282.9 274.6 264.4 255.6 241.5 217.3 199.1 182.3 166.8 146.2 152.8 131.0 136.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY21 FY21 FY21 FY21 FY22 FY22 FY22 FY22 FY23 FY
Slide 11: Delivering sustained profitable growth
…while delivering sustained profitable growth Quarterly Revenue ($M), % QoQ and % YoY Growth EBIT and PAT Margin % 375.2 360.2 15.6% 345.5 14.9% 14.5% 14.5% 14.9% 13.7% 14.0% 14.0% 328.2 310.9 tY1 300.6 42 12.2% 12.2% 12.2% 291.7 0ll 11.5% 11.2% 11.2% 282.9 eX! 10.9% $ 9.9% * Q1FY24 Q2FY24 Q3FY24 Q4
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 110.0 153.5 121.0 100.7 100.0 90.0 80.0 70.0 60.0 50.0 40.0 30.0 20.0 21.4% 16.3% 11.8% 6.3% 2.4% -0.5%
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 55 47 42.2% 41.5% 41.5% 43 40.0% 40.0% 41 39.6% 39.5% 39.3% 40 39 38 38 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY24 Q
Slide 14: Healthy return on capital and equity
We have delivered healthy return on capital and equity… Return on Capital Employed (RoCE) Trend Return on Equity (RoE) Trend 39.7% 38.7% 38.1% 38.1% 37.5% 37.0% 24.8% 24.7% 24.7% 24.8% 24.5% 35.8% 35.7% 24.2% 24.1% 23.8% RoCE = TTM EBIT/Average of Net Assets excluding cash and cash equivalent at the
Slide 15: Creating industry-leading, long-term shareholder value
…while creating industry-leading, long-term shareholder value Persistent Total Shareholder Return Persistent 1-Year Stock Performance 1 year 38.4% return 0.8% 3 year 138.1% return 3.3% 38.4% 5 year 1907.4% 35.7% return 5.7% 5.3% 15 year return* 7014.5% 174.5% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Persi
Slide 16: Pivoting to an AI-led, platform-driven services approach
We are pivoting to an AI-led, platform-driven services approach… AI for Technology AI for Business TM Platform-based Services Strategic Big Bets Scaling with Ecosystem o AI-driven engineering platform, enhancing o Expanding and strengthening existing AI o Strengthening collaboration with alliance so
Slide 17: Strengthening our IP in AI-based innovation
…by strengthening our IP, setting new benchmarks in AI-based innovation TM Filed for 35+ patents in core and emerging AI technologies Agentic AI Repository-Level AI AI-Core Enable intelligent AI agents to solve Deliver complete contextual Revolutionize system performance, complex challenges with eff
Slide 18: Ecosystem Orchestrator of Choice for our clients
We are the “Ecosystem Orchestrator of Choice” for our clients Gold Partner & Direct Premier Partner Premier Partner Global Summit Partner Platinum Business CSP with 7,700+ with 3,300+ with 1,740+ with 2,130+ Partner with 2,500+ technologists technologists technologists technologists technologists 6,
Slide 19: 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 Commitment to positively scope 1 and 2 emissions and impact society through education, achieve SBTi-approved net-zero community development, and emission reduct
Slide 20: Making meaningful impact and earning recognitions
We are making meaningful impact and earning recognitions Environment 44% 25,000 28.3% 99% Electricity sourced from renewable Trees planted, taking the overall Of treated wastewater in owned Waste recycled energy in India offices count to 121,035 trees campuses is used within our facilities Social Re
Slide 21: Acknowledged in FY25 by leading analysts and advisors
We were acknowledged in FY25 by leading analysts and advisors… Won 4 2024 ISG Star of Excellence Awards, Challenger for the second year in a row in the Leader in the ISG Provider Lens Digital including the Overall award based on the voice Gartner® 2024 Magic Quadrant for Public Engineering Services
Slide 22: Notable recognitions demonstrating our excellence
…and achieved notable recognitions, demonstrating our excellence Dr. Anand Deshpande received the Dr. Anand Deshpande inducted as a Sandeep Kalra named the Best CEO Sandeep Kalra as a “Tech Titan” at 2023 ACM Presidential Award Fellow of the Indian National in the IT Services (Emerging BT India’s Be
Slide 23: Awarded for sustainability and corporate governance
We were awarded for high standards in sustainability and corporate governance Featured on the Nasdaq MarketSite Tower in Times Square for Winner in the large category (service sector) at the ICAI awards won at the ICSI Business Responsibility and Sustainability Reporting Awards 2023-24 Sustainabilit
Slide 24: Performance Highlights
Performance Highlights 23 © 2025 Persistent Systems
Slide 25: Dr. Anand Deshpande message
“Persistent is leading AI-led transformation, supported by early investments, strong execution, and a clear vision to embed AI across our clients’ digital journey. Celebrating 35 years since our foundation and 15 years of being publicly listed on the National Stock Exchange of India, our unwavering
Slide 26: Sandeep Kalra message
“We are proud to have delivered our 20th sequential quarter of revenue growth, with an EBIT margin of 15.6%. We thank our employees, clients, partners, and shareholders, whose continued support has been instrumental in our success. Despite the uncertain macroeconomic environment, our consistent perf
Slide 27: Financial Highlights for Q4 FY25
Financial Highlights for Q4 FY25 Revenue ($ million) 4.2% QoQ 20.7% YoY Revenue (₹ million) 5.9% QoQ 25.2% YoY 375.2 360.2 32,421.1 30,622.8 310.9 25,905.3 Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4FY25 EBIT (₹ million) 10.9% QoQ 34.9% YoY PAT (₹ million) 6.1% QoQ 25.5% YoY 5,052.9 3,957.6 3,729.9 4,557.
Slide 28: Financial Highlights: Year on Year
Financial Highlights: Year on Year Revenue ($ million) Revenue (₹ million) 1,409.1 119,387.2 1,186.1 1,036.0 98,215.9 83,505.9 765.6 57,107.5 41,878.9 566.1 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 YoY% 12.9% 35.2% 35.3% 14.5% 18.8% YoY% 17.4% 36.4% 46.2% 17.6% 21.6% EBIT (₹ million) PAT (₹
Slide 29: TCV and ACV Bookings for FY25
TCV and ACV Bookings for FY25 Trailing Twelve Month TCV* $2,103.4M Trailing Twelve Month TCV (New) $1,363.2M 594.1 389.8 529.0 517.5 333.6 329.0 310.8 462.8 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Trailing Twelve Month ACV* $1,464.1M Trailing Twelve Month ACV (New) $809.9M 428.3 218.
Slide 30: Q4 FY25: Key Wins
Q4 FY25: Key Wins Software, Hi-Tech & Banking, Financial Healthcare Emerging Industries Services & Insurance & Life Sciences Improving product robustness and Boosting the accuracy of reporting and Scaling AI adoption for enhanced patient compliance through advanced data loss integration across appli
Slide 31: Notable News and Achievements
Notable News and Achievements 30 © 2025 Persistent Systems
Slide 32: Shareholder Update: Dividend Declaration
Shareholder Update: Dividend Declaration ₹15 The Board of Directors recommended a Final Dividend of ₹15 per share. This brings the total dividend for the year to ₹35, to acknowledge Persistent’s 35th anniversary. The Dividend recommended by the Board is subject to approval at the ensuing Annual Gene
Slide 33: Vinit Teredesai joins the Board as Additional Director
We welcome Vinit Teredesai, our CFO, as Additional Director to the Board Seasoned Finance Professional with over 30 Years of Experience in the Technology Industry “I am extremely honored to join the Board of Directors of Persistent. I would like to thank the Board of Directors, Dr. Anand Deshpande,
Slide 34: 15th anniversary of our IPO on NSE
We celebrated 15th anniversary of our IPO on National Stock Exchange of India Hon. Amb. Binaya Pradhan Phil Fersht Pari Natarajan Consul General of India, CEO and Chief Analyst, CEO and Co-founder, New York HFS Research Zinnov A special celebration at the iconic Nasdaq MarketSite in Times Square wit
Slide 35: CEO honored as Tech Titan at BT India's Best CEOs Awards
Our CEO was honored as a “Tech Titan” at BT India’s Best CEOs Awards Awarded for Leadership and Outstanding Contributions to the IT sector Sandeep was recognized by Business Today (BT) for: o Driving stellar financial performance, strategic execution, and the creation of a strong, sustainable busine
Slide 36: Google Cloud Infrastructure Modernization Partner Award
We won the Google Cloud Infrastructure Modernization Partner Award Recognized for Successful Execution of One of the Largest Google Cloud Migrations We received Partner of the Year Award (Asia Pacific) for: o Migrating 6,000+ microservices, 100+ PB of data, and large- scale AI/ML workloads for a lea
Slide 37: Leader in Everest PEAK Matrix Assessment
We were ranked as a Leader in Everest PEAK Matrix® Assessment on Custom Application Development Services 2025 - Global Powering Measurable Outcomes with our Innovative Platforms We were commended for: o SASVA , our AI-powered platform that delivers productivity gains and automation across the custom
Slide 38: Commended for next-gen services by ISG
We were commended for our next-gen services by ISG, a leading advisory firm Leader in 2024 ISG Provider Leader in 2024 ISG Provider Lens Advanced Analytics and Lens Intelligent Automation AI Services (U.S.) Services (U.S.) “Through platforms like the Data Experience Hub (DxH), “Persistent specialize
Slide 39: AI-powered BFSI solutions empowering clients
Our AI-powered BFSI solutions are empowering clients accelerate growth Named in the Gartner® Market Guide Cited a Leader in 2024 ISG Provider for Generative AI Services for Lens Insurance ITO Services – Banking Midmarket (North America) We believe this recognition highlights our: o Expertise in deli
Slide 40: Applauded for innovation and client satisfaction in Europe
We were applauded for innovation and client satisfaction in Europe The Study highlights the following achievements of Persistent: in Transformative Innovation #2 Demonstrates the ability to drive transformational change by using innovative technologies and services Powerful Debut in the 2024/2025 Eu
Slide 41: Recognized at Economic Times Human Capital Awards 2025
We were recognized at the Economic Times Human Capital Awards 2025 Most Awarded Across Multiple Categories Underscoring Our Excellence in People Practices We were recognized for: o Excellence in Performance Management (Silver) o Excellence in Employee Retention Strategy (Silver) o Excellence in Recr
Slide 42: Financial Details
Financial Details 41 © 2025 Persistent Systems
Slide 43: Sequential Q4 FY25 vs Q3 FY25
Sequential Q4 FY25 vs Q3 FY25 % of Sales % of Sales Particulars (₹ M, unless otherwise stated) Q4FY25 Q3FY25 Change QoQ Q4FY25 Q3FY25 Revenue ($ M) 375.2 360.2 4.2% Avg. Exchange Rate ₹ / US$ 86.4 85.0 1.7% Revenue (₹ M) 32,421.1 30,622.8 5.9% Total Direct costs 21,117.0 20,000.4 5.6% 65.1% 65.3% Gr
Slide 44: YoY Comparison: Q4 FY25 vs Q4 FY24
YoY Comparison: Q4 FY25 vs Q4 FY24 % of Sales % of Sales Particulars (₹ M, unless otherwise stated) Q4FY25 Q4FY24 Change YoY Q4FY25 Q4FY24 Revenue ($ M) 375.2 310.9 20.7% Avg. Exchange Rate ₹ / US$ 86.4 83.3 3.7% Revenue (₹ M) 32,421.1 25,905.3 25.2% Total Direct costs 21,117.0 17,286.3 22.2% 65.1%
Slide 45: FY25 vs FY24
FY25 vs FY24 % of Sales % of Sales Particulars (₹ M, unless otherwise stated) FY25 FY24 Change YoY FY25 FY24 Revenue ($ M) 1,409.1 1,186.1 18.8% Avg. Exchange Rate ₹ / US$ 84.7 82.8 2.3% Revenue (₹ M) 119,387.2 98,215.9 21.6% Total Direct costs 78,740.0 65,231.1 20.7% 66.0% 66.4% Gross Profit 40,647
Slide 46: Balance Sheet
Balance Sheet As on As on Particulars (₹ M) March 31, 2025 March 31, 2024 Assets PPE and Intangible Assets 26,184.4 22,550.0 Non-Current Assets 5,053.5 4,560.8 Cash and Investments 19,511.4 18,452.1 Other Current Assets 36,616.7 28,613.4 Total 87,366.0 74,176.3 Equity and Liabilities Equity 63,190.7
Slide 47: Fact Sheet
Fact Sheet 46 © 2025 Persistent Systems
Slide 48: Fact Sheet
Fact Sheet Q4FY25 Q3FY25 Q2FY25 Q1FY25 Q4FY24 FY25 FY24 Revenue from Operations, $M 375.2 360.2 345.5 328.2 310.9 1,409.1 1,186.0 % QoQ growth 4.2% 4.3% 5.3% 5.6% 3.4% % QoQ growth (constant 4.5% 4.6% 5.1% 5.6% 3.4% 19.0% 14.4% currency) Revenue % YoY growth 20.7% 19.9% 18.4% 16.0% 13.2% 18.8% 14.5%
Slide 49: Fact Sheet
Fact Sheet Q4FY25 Q3FY25 Q2FY25 Q1FY25 Q4FY24 FY25 FY24 BFSI 32.3% 31.7% 31.5% 30.8% 30.7% 31.6% 31.9% Segment Healthcare & Life Sciences 26.8% 27.8% 27.8% 26.7% 24.2% 27.3% 21.0% Revenue Mix Software, Hi-Tech & Emerging 40.9% 40.5% 40.7% 42.5% 45.1% 41.1% 47.1% Industries Total 100.0% 100.0% 100.0%
Slide 50: Fact Sheet
Fact Sheet Active Q4FY25 Q3FY25 Q2FY25 Q1FY25 Q4FY24 FY25 FY24 Clients Clients Billed* 371 383 379 374 382 391 390 Q4FY25 Q3FY25 Q2FY25 Q1FY25 Q4FY24 FY25 FY24 Top 5 32.7% 30.8% 31.4% 30.7% 29.2% 31.3% 27.7% Revenue Top 10 42.2% 40.0% 41.5% 41.5% 40.0% 40.9% 39.0% Concentration Top 20 53.0% 50.9% 52
Slide 51: Fact Sheet
Fact Sheet Q4FY25 Q3FY25 Q2FY25 Q1FY25 Q4FY24 FY25 FY24 Technical 23,072 22,407 21,675 21,866 22,224 23,072 22,224 People Sales and Business Development 485 489 492 510 484 485 484 Numbers Others 1,037 1,046 1,070 1,143 1,142 1,037 1,142 Total 24,594 23,941 23,237 23,519 23,850 24,594 23,850 Q4FY25
Slide 52: Re(AI)magining the World
Re(Al)magining the World f Persistent