Persistent Systems Limited · NSE:PERSISTENT

Persistent Systems — Q1 FY27 Earnings Presentation

44 slides from Persistent Systems's earnings presentation, August 2026

  1. Slide 1: Investor Presentation

    Investor Presentation August 2026 © 2026©Persistent 2026 Persistent Systems Systems

  2. 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

  3. Slide 3: We are Persistent

    We are Persistent AI-led, Platform-driven Digital Engineering & Enterprise Modernization partner $452.4M 16.0% 11.2% FY27 Q1 Revenue EBIT Margin PAT Margin +16.1% YoY +32.7% YoY +13.7% YoY $1,717.1M $1,931.7M $7.2B* TTM Revenue TTM ACV Bookings Market Capitalization +16.8% YoY 1 USD = INR 94.66 | *

  4. Slide 4: 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 positioning services strategy o New growth vectors at the intersection First Orbit 2008 – 2016

  5. Slide 5: Powered by 28,500+ employees spread across the globe

    …powered by 28,500+ employees spread across the globe… Canada Netherlands UK Germany Estonia China Ireland USA Romania Poland Abu Dhabi India France Malaysia Japan Switzerland Mexico Costa Rica Singapore GenAI Studio South Africa Australia North America Europe India Rest of the World 3,241 318 24,85

  6. Slide 6: Built on our Digital Engineering heritage

    …and built on our Digital Engineering heritage 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

  7. Slide 7: 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 Banks 5 of 10 Top Technology Top Companies 5 of 10 FinTech Companies Top Indian Banks Healthcare & Life Sciences 6 of 10 4 of 10 3 of 10 5 of 10 Top SIMD* Top Ph

  8. Slide 8: We continue to scale our long-term growth trajectory

    We continue to scale our long-term growth trajectory… Revenue in $M 1,810 17.3% 23.9% 1,654 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

  9. Slide 9: 25 sequential quarters of revenue growth

    …with 25 sequential quarters of 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 FY2

  10. Slide 10: Sustained growth and profitability

    …while delivering sustained growth and profitability Quarterly Revenue ($M), % QoQ and % YoY Growth EBIT and PAT Margin % 452.4 436.0 16.3% 16.3% 16.0% 422.5 15.6% 15.5% 406.2 14.9% 14.4%* 389.7 14.0% 375.2 360.2 13.2% 13.1% 12.7% 345.5 12.2% 12.2% 11.6%* 11.2% 11.2%** Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2

  11. Slide 11: 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 184.0 153.7 114.7 -0.5% 3.2% 9.7% 14.1% 15.5% 14.7% 11.2% 15.7% 15.3% 22.0% 26.6% 30.7% 30.0% 29.3% 2

  12. Slide 12: Deepening strategic client relationships

    …by deepening strategic client relationships… Client Concentration Large Client Count Top 10 clients as % of total revenue >$5M Annual Revenue 62 61 60 56 56 55 43.7% 43.2% 43.0% 42.2% 42.0% 42.1% 41.5% 47 40.0% 43 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY

  13. Slide 13: Disciplined execution and efficient capital utilization

    …backed by disciplined execution and efficient capital utilization… Operating Cash Flow (OCF) to PAT% Days Sales Outstanding (DSO) 102.2% 103.2% 81 80 86 93.9% 94.7% 76 75 76.2% 57 61 56 54 53 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 OCF to PAT% = TTM OCF/TTM P

  14. Slide 14: 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 1 year -28.5% return 0.6% 3 year 72.7% return 3.8% -6.4% 5 year 194.4% return 8.6% - 28.5% - 32.5% 7 year 1,301.5% Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 retur

  15. Slide 15: Ecosystem Orchestrator of Choice: 24,850+ Partner Certifications

    We are the “Ecosystem Orchestrator of Choice” for our customers​ Solutions Partner in 6 areas* Premier Partner Premier Partner Global Summit Partner 7,400+ Certifications 2,850+ Certifications 2,400+ Certifications 9,250+ Certifications Platinum Partner Premier Partner Select Partner 1,600+ Certific

  16. Slide 16: 3C framework that turns AI investments into Enterprise ROI

    We have established our 3C framework that turns AI investments into Enterprise ROI… Re(AI)magining Enterprise Transformation Enable Enterprises to drive business impact through AI-first, industry-specific, cross-functional solutions Engineering Hyper-Productivity Business Hyper-Productivity Drive hy

  17. Slide 17: Unified Context from business logic across the Enterprise

    …by 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 Engine

  18. Slide 18: Powered by partnerships, IPs, accelerators and solutions

    …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 Business Hyper-Productivity IPs Platforms IPs Pl

  19. Slide 19: Sustainability and inclusivity in our long-term ESG goals

    Sustainability and inclusivity are embedded in our long-term ESG goals… Environment Social Responsibility o Maintain annual carbon neutrality, reduce o Impact 60,000+ lives through programs emissions by 54.6% by FY34 and achieve in Education, Healthcare, Community net zero by FY50 Development, Herit

  20. Slide 20: Meaningful impact on our people and communities

    …enabling us to make a meaningful impact on our people and communities Included in the Dow Jones Environment Social Responsibility Diversity World Sustainability Index Energy Biodiversity 61,837 29.7% 12.7% Lives impacted through CSR Women in the Women in 99.6% 43,143 programs workforce leadership r

  21. Slide 21: Performance Highlights

    Performance Highlights 21 © 2026 Persistent Systems

  22. Slide 22: CEO Sandeep Kalra commentary

    “We marked our 25th sequential quarter of revenue growth to begin FY27, delivering 3.8% quarter-over-quarter and 16.1% year-over-year revenue growth, along with an EBIT margin of 16.0%. This performance was underpinned by a record quarterly Total Contract Value (TCV) of $1.15 billion, reflecting con

  23. Slide 23: Q1 FY27: Financial Highlights

    Q1 FY27: Financial Highlights Revenue ($ million) 3.8% QoQ 16.1% YoY Revenue (₹ million) 6.1% QoQ 29.1% YoY 460.0 430.0 452.4 436.0 43,032.3 400.0 40,559.4 370.0 389.7 340.0 33,335.9 310.0 280.0 250.0 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 EBIT (₹ million) 4.2% QoQ 32.7% YoY PAT (₹ million) 8.7%

  24. Slide 24: Q1 FY27: TTM Performance

    Q1 FY27: TTM Performance Revenue ($ million) 16.8% Revenue (₹ million) 25.4% 1,717.1 157,180.9 1,470.7 125,351.3 TTM Q1FY26 TTM Q1FY27 TTM Q1FY26 TTM Q1FY27 EBIT (₹ million) 31.2% PAT (₹ million) 26.6% 24,725.3 19,232.3 18,850.6 15,186.8 Margin % 15.0% 15.7% Margin % 12.1% 12.2% TTM Q1FY26 TTM Q1FY2

  25. Slide 25: Q1 FY27: TCV and ACV Bookings

    Q1 FY27: TCV and ACV Bookings Trailing Twelve Months TCV* $3,030.7M Trailing Twelve Months TCV (New) $2,081.0M 1,146.2 952.2 674.5 609.2 600.8 369.1 408.9 350.8 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Quarterly TCV ($M) Quarterly TCV ($M) Trailing Twelve Months ACV* $1,931.7M Trailin

  26. Slide 26: Q1 FY27: Key Wins

    Q1 FY27: Key Wins Software, Hi-Tech & Banking, Financial Healthcare Emerging Industries Services & Insurance & Life Sciences Driving product development, support and Modernizing enterprise application landscape Transforming an enterprise ecosystem by cloud operations across multiple SaaS products of

  27. Slide 27: Notable News

    Notable News 27 © 2026 Persistent Systems

  28. Slide 28: Deepened partnerships to scale enterprise AI adoption

    We deepened our partnerships to scale enterprise AI adoption, driving measurable value…. Achieved Databricks Specializations Across Multiple Industry Verticals and Service Lines Collaborated with Databricks and Milwaukee School of Engineering to Strengthen Enterprise AI Engineering Talent Pipeline R

  29. Slide 29: Strengthened strategic client relationships through curated experiences

    …and strengthened strategic client relationships through curated experiences Hosted CXO accelerator program at Tuck Launched the AI Waymakers Awards, an Collaborated with the San Francisco School of Business, providing senior client exclusive award category created, sponsored Unicorns as the officia

  30. Slide 30: Business Combination Agreement with Nagarro

    In line with our stated M&A strategy, we signed the Business Combination Agreement with Nagarro, a leading European digital engineering company Aimed at creating an AI-led global engineering powerhouse serving clients with end-to-end capabilities, a ~$2.9B revenue* run rate, and 46,000+ professional

  31. Slide 31: Awards and Recognitions

    Awards and Recognitions 31 © 2026 Persistent Systems

  32. Slide 32: Recognized by analysts and advisors for differentiated capabilities

    We continue to be recognized by analysts and advisors for our differentiated capabilities Reinforced our leadership in the ISG Provider Lens® Digital Engineering Services Midsize Providers Report 2026: US and Europe Read More Read More Cited as a Leader in ISG Provider Lens® Salesforce Ecosystem Par

  33. Slide 33: Awarded for commitment to ESG and People Excellence

    We were awarded for our commitment to ESG and People Excellence Included in the Dow Jones Best-in-Class World Index Conferred the Confederation of Indian Industry (CII) Awarded an ESG Recognition from Det Norske Veritas and recognized in the Top 10% of companies globally Award for Excellence in Disa

  34. Slide 34: Honored for leadership in Investor Relations and stakeholder trust

    We were honored for our leadership in Investor Relations and stakeholder trust Earned Top Honors for the Third Consecutive Year in Extel’s 2026 Asia Executive Team Survey Persistent was recognized as “Most Honored Company” in the 2026 Extel Asia Executive Team survey. The achievement reflects the co

  35. Slide 35: Financial Details

    Financial Details 35 © 2026 Persistent Systems

  36. Slide 36: Sequential Q1 FY27 vs Q4 FY26

    Sequential Q1 FY27 vs Q4 FY26 % of Sales % of Sales Particulars (₹ M, unless otherwise stated) Q1FY27 Q4FY26 Change QoQ Q1FY27 Q4FY26 Revenue ($ M) 452.4 436.0 3.8% Avg. Exchange Rate ₹ / US$ 95.1 93.0 2.2% Revenue (₹ M) 43,032.3 40,559.4 6.1% Total Direct costs 27,915.4 26,246.9 6.4% 64.9% 64.7% Gr

  37. Slide 37: YoY Comparison: Q1 FY27 vs Q1 FY26

    YoY Comparison: Q1 FY27 vs Q1 FY26 % of Sales % of Sales Particulars (₹ M, unless otherwise stated) Q1FY27 Q1FY26 Change YoY Q1FY27 Q1FY26 Revenue ($ M) 452.4 389.7 16.1% Avg. Exchange Rate ₹ / US$ 95.1 85.5 11.2% Revenue (₹ M) 43,032.3 33,335.9 29.1% Total Direct costs 27,915.4 21,576.2 29.4% 64.9%

  38. Slide 38: Balance Sheet

    Balance Sheet As on As on As on Particulars (₹ M) June 30, 2026 March 31, 2026 June 30, 2025 Assets PPE and Intangible Assets 29,934.9 28,935.6 26,161.6 Non-Current Assets 6,644.8 7,563.7 5,353.5 Cash and Investments 27,044.3 27,622.1 22,751.1 Other Current Assets 57,018.7 49,644.0 39,921.3 Total 12

  39. Slide 39: Fact Sheet

    Fact Sheet 39 © 2026 Persistent Systems

  40. Slide 40: Fact Sheet

    Fact Sheet Q1FY27 Q4FY26 Q3FY26 Q2FY26 Q1FY26 FY26 FY25 Revenue from Operations, $M 452.4 436.0 422.5 406.2 389.7 1,654.4 1,409.1 % QoQ growth 3.8% 3.2% 4.0% 4.2% 3.9% % QoQ growth 4.1% 3.4% 4.1% 4.4% 3.3% (constant currency) Revenue % YoY growth 16.1% 16.2% 17.3% 17.6% 18.8% 17.4% 18.8% % YoY growt

  41. Slide 41: Fact Sheet

    Fact Sheet Q1FY27 Q4FY26 Q3FY26 Q2FY26 Q1FY26 FY26 FY25 BFSI 34.0% 34.5% 35.0% 34.8% 33.9% 34.6% 31.6% Segment Healthcare & Life Sciences 25.3% 26.3% 25.4% 25.2% 25.3% 25.6% 27.3% Revenue Mix Software, Hi-Tech & Emerging 40.7% 39.2% 39.6% 40.0% 40.8% 39.8% 41.1% Industries Total 100.0% 100.0% 100.0%

  42. Slide 42: Fact Sheet

    Fact Sheet Q1FY27 Q4FY26 Q3FY26 Q2FY26 Q1FY26 FY26 FY25 Hedges Outstanding Hedges ($M) 500 500 490 475 440 500 300 Rates (₹/$) 93.3 90.7 89.1 87.8 86.9 90.7 86.3 Q1FY27 Q4FY26 Q3FY26 Q2FY26 Q1FY25 FY26 FY25 Top 5 33.2% 31.5% 32.9% 32.9% 31.8% 32.2% 31.3% Revenue Top 10 43.0% 42.1% 43.7% 43.2% 42.0%

  43. Slide 43: Fact Sheet

    Fact Sheet Q1FY27 Q4FY26 Q3FY26 Q2FY26 Q1FY26 FY26 FY25 Technical 26,905 25,849 25,077 24,608 23,787 25,849 23,072 People Sales and Business Development 579 543 520 510 496 543 485 Numbers Others 1,156 1,110 1,114 1,106 1,057 1,110 1,037 Total 28,640 27,502 26,711 26,224 25,340 27,502 24,594 Q1FY27

  44. Slide 44: © 2026 Persistent Systems

    © 2026 Persistent Systems

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