Slide 1: Outcome of Investor Sessions - Exchange Filing Letter
NSE & BSE / 2026-27 / 134 September 23, 2026 The Manager, The Manager, Corporate Services, Corporate Services, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex,Bandra (E), P J Towers, Dalal Street, Mumbai 400 051 Mumbai 400 001 Ref: Symbol: PERSISTENT Ref: Sc
Slide 2: Investor Presentation September 2026
Investor Presentation September 2026 © 2026 Persistent Systems
Slide 3: Forward-looking and Cautionary Statements
Forward-looking and Cautionary Statements IMPORTANT: You must read the following before continuing. The following applies to this document, the oral presentation of the information in this document by Persistent Systems Limited (the or any person on behalf of the Company, and any question-and-answer
Slide 4: Your speakers today
Your speakers today Sandeep Kalra Vinit Teredesai Saurabh Dwivedi Rahul Ravi Executive Director & Chief Executive Director & Chief Corporate Vice President, Deputy General Manager, Executive Officer Financial Officer Finance & Strategy Corporate Development 3
Slide 5: We are Persistent
We are Persistent AI-led, Platform-driven Digital Engineering & Enterprise Modernization partner $452.4M 16.0% 11.2% FY27 Q1 Revenue1 FY27 Q1 EBIT Margin2 FY27 Q1 PAT Margin +16.1% YoY +32.7% YoY +13.7% YoY $1,717.1M 28,640 $9.3B TTM Revenue1,3 Employees Market Capitalization4 (as of June 30, 2026)
Slide 6: Our journey through orbits of growth
Sixth Fifth Orbit Fourth Orbit 2024 onwards Third Orbit 2019 2023 o Pivot to AI-led, platform-driven Second Orbit 2016 2019 o Strong positioning services strategy o New growth vectors at the intersection First Orbit 2008 2016 o Established an early as a global Digital Engineering of industries, tech
Slide 7: Global presence and employees by region
Canada Netherlands UK Germany Estonia China Ireland USA Romania Poland Abu Dhabi India France Malaysia Japan Switzerland Mexico Costa Rica Singapore GenAI Studio India | US | UK South Africa Australia North America Europe India Rest of the World 3,241 318 24,856 225 Employees Employees Employees Emp
Slide 8: Unlock, Enable, Accelerate: Powered by AI
Powered by AI Unlock Software, Hi-Tech Banking, Financial Healthcare Growth Co-Innovation with & Emerging Services & & Life Clients Industries Insurance Sciences Enable Business Agility Product & Platform Engineering Validation from Accelerate Industry Experts Data & Artificial Intelligence Time to
Slide 9: 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 9 of 10 Top US Banks2 5 of 10 Top Technology Top Companies1 5 of 10 FinTech Companies4 Top Indian Banks3 Healthcare & Life Sciences 6 of 10 4 of 10 3 of 10 5 of 10 Top SIMD* To
Slide 10: We continue to scale our long-term revenue
We continue to scale our long- Revenue in $M 1,717 17.3% 23.9% 1,654 Revenue CAGR 5-Year Revenue CAGR From IPO to FY26 between FY21 and FY26 1,409 1,186 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 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY
Slide 11: Quarterly revenue growth
Revenue in $M 452.4 436.0 422.5 406.2 389.7 375.2 360.2 345.5 328.2 310.9 300.6 291.7 274.6 282.9 255.6 264.4 241.5 217.3 199.1 182.3 166.8 146.2 152.8 131.0 136.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY21 FY21 FY21 FY21 FY22 FY22 FY22 FY22 FY23 FY23 FY23 FY23 F
Slide 12: Consecutive quarters of sequential revenue growth versus Indian IT peers
listed Revenue Growth (USD) % Q1FY27 Only publicly listed Indian IT Company Revenue QoQ YoY 8Q CQGR 16Q CQGR services company to have (in USD Mn) TCS 7,624 0.04% 2.74% 0.20% 0.74% delivered 25 consecutive Infosys 5,082 0.83% 2.85% 0.94% 0.84% quarters of sequential HCLTech 3,650 -0.87% 2.96% 1.03% 1
Slide 13: Revenue, EBIT and PAT Margin
Revenue ($M), % YoY Growth EBIT and PAT Margin %1 1,654.4 2 15.6% 1,409.1 14.4% 14.7% 1,186.1 2 12.6% 11.7% 11.1% FY24 FY25 FY26 FY24 FY25 FY26 YoY (USD) Growth % 14.5% 18.8% 17.4% EBIT% PAT% YoY (INR) Growth % 17.6% 21.6% 23.5% Notes: Please refer to appendix for details on FX rates 12 1. EBIT = Pr
Slide 14: Revenue by vertical
Broad- Software, Hi-Tech & Banking, Financial Healthcare Emerging Industries Services & Insurance & Life Sciences Revenue ($M) Revenue ($M) Revenue ($M) 659.4 579.3 571.8 558.6 423.2 445.2 384.6 377.8 249.7 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 13 Notes: Please refer to appendix for details o
Slide 15: Client Concentration and Client Count
Client Concentration Top 10 clients as % of total revenue Client Count Engagement size FY24 FY25 FY26 Q1FY27 $75M+ 2 4 4 4 $20M $75M 8 6 8 8 43.0% 41.6% 40.9% $10M $20M 7 11 17 20 39.0% $5M $10M 23 34 33 28 $1M $5M 138 136 139 154 Clients ($1M+) 178 191 201 214 FY24 FY25 Axis Title FY26 Q1 FY27 Note
Slide 16: Scalable and differentiated Go-To-Market
...underpinned by a scalable and differentiated Go-To- Strengthened Growth mindset Seeding alternate capabilities and and detailed out engines of ecosystem strength GTM playbook Strengthened our scalable growth Clearly defined our capabilities with focused Tapped into alternate Industry verticals &
Slide 17: The Huddle planning system
The Planning system called Huddle system - Defining, measuring & consistently improving on the key metrics o Revenue, bookings, profitability: Historical data vs future planning Singular focus on capability build and articulation to various stakeholders o Identifying where the puck is going, and get
Slide 18: AI-led, platform-driven strategy
Over the past few quarters, we established AI-led, platform-driven strategy & worked on 17 Notes: 1. As of June 30, 2026
Slide 19: Extracting business logic to create unified Enterprise Context
extracting business logic embedded across the Enterprise to create a unified Context Business logic Architect Context as Create a Living, Drive impactful locked inside a moat with Learning and business outcomes Enterprise assets accelerators Intelligent Enterprise ` Legacy Code Documents Engineering
Slide 20: Our strategies for continued long-term growth
Our strategies for continued long-term growth Consistently strengthen capabilities along with disciplined execution Pursue selective resulting in Geographic expansion value-accretive M&A consistent growth across client base and delivery locations Strengthen AI-first End-market and service line enter
Slide 21: In Summary: Our Growth is seeding further growth
In Summary: Our Growth is seeding further growth Strong Capability Outperformance Build with versus listed innovation-first Indian IT peers1 workplace culture Track record of AI-led digital consistent engineering industry-leading1 platform driven and profitable, enterprise capital efficient transfor
Slide 22: Acquisition of Nagarro
Acquisition of Nagarro
Slide 23: Nagarro: EUR 1 billion Digital Engineering Business
Nagarro: EUR 1 billion Digital Engineering Business with a scaled European footprint 999.3M 2.8% 138.2M 13.8% CY2025 Revenue CY2025 YoY Growth CY2025 Adjusted EBITDA(1) CY2025 Adj. EBITDA Margin(2) Headquartered in Munich, Germany and listed on Frankfurt Stock Exchange Seasoned Management Board: Man
Slide 24: Highly complementary strategic fit across regions and verticals
highly complementary strategic fit that creates a globally balanced profile across regions and verticals Regional Revenue Split (%) Revenue by Vertical (%) Europe ROW 8.7% 1.9% Healthcare & Life Sciences India Software, Hi-Tech & 25.6% 8.8% Emerging Industries 39.8% Persistent North America 80.6% Ba
Slide 25: An AI-led engineering powerhouse serving global clients
An AI-led engineering powerhouse to serve global clients with end-to-end offerings across multiple sectors Nagarro brings a global talent of 18,003 employees including 16,429 engineering professionals, and an New dimension of scale extensive international delivery network across 38 countries, which
Slide 26: Transaction details
Transaction details Persistent has agreed to acquire 100% of Nagarro at an Enterprise Value** of EUR ~1.27B, based on EUR 81 per share in cash A premium of ~140% to the undisturbed closing price on June 25, 2026, and ~94% to three-month volume- weighted average price Transaction values Nagarro at 1.
Slide 27: Transaction timelines
Transaction timelines 26 June 2026 July - September 2026 Q4 CY26 / Q1 CY27 Announce Acceptance Persistent Regulatory Closing Offer Period Systems Announcement of RBI application filed Offer document All transaction related Expected for Q4 CY26 / Q1 Voluntary Public through AD bank published (August
Slide 28: Reimagining the Enterprise
f? Re(ANIMagining’ ; the Enterprise Persistent P
Slide 29: Appendix: Weighted Exchange Rates
Appendix Period Weighted Exchange Rate Period Weighted Exchange Rate (quarter) (INR/USD) (fiscal year) (INR/USD) Q1FY27 95.12 FY26 89.15 Q4FY26 93.03 FY25 84.73 Q3FY26 89.42 Q2FY26 88.16 FY24 82.81 Q1FY26 85.53 FY23 80.61 Q4FY25 86.41 Q3FY25 85.01 FY22 74.59 Q2FY25 83.85 FY21 73.98 Q1FY25 83.40 Q4FY