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Persistent Systems

Global IT services for digital transformation

Overview

Company Historically Provides H-1B Sponsorship

Persistent Systems helps organizations accelerate digital transformation and modernize their IT setup by delivering end-to-end services in digital business strategy, digital product engineering, customer experience (CX) innovation, and data-driven intelligence. The company works with clients to develop digital products, upgrade core IT systems, and improve how customers interact with their services, charging fees for consulting, implementation, and ongoing support. It differentiates itself through its industry-focused expertise across banking, insurance, healthcare, life sciences, industrial software, high tech, telecom, and media, a broad ecosystem of technology partners, and a track record of delivering tailored, value-driven solutions. The goal is to enable clients to thrive in the digital age by turning strategy into modernized IT and high-quality digital products that drive growth and efficiency.

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About Persistent Systems

Simplify's Rating
Why Persistent Systems is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsConsultingEnterprise Software

Company Size

10,001+

Company Stage

IPO

Headquarters

Pune, India

Founded

1990

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Simplify's take

What believers are saying

  • Persistent booked a record $1.15B Q1 FY27 TCV, anchored by the $650M technology deal.
  • Q2 FY27 revenue reached $487.6M, up 20% year over year despite acquisition spending.
  • NVIDIA and Microsoft partnerships deepen credibility in healthcare AI and enterprise automation.

What critics are saying

  • Persistent loaded ₹9,000 crore debt for Nagarro, pressuring margins if integration slips in 2027.
  • Q2 FY27 EBIT margin fell 130 bps and Europe revenue dropped 8.5% year over year.
  • A failed Nagarro close or post-merger attrition would destroy the AI-engineering thesis.

What makes Persistent Systems unique

  • Persistent pairs AI-led engineering with long-term platform deals, including a $650M contract.
  • Its 26th straight growth quarter signals execution discipline across cloud, data, and modernization work.
  • The Nagarro combination builds a 46,000-person transatlantic delivery platform across 40+ countries.

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Funding

Total Funding

$1.8B

Above

Industry Average

Funded Over

3 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Paid Sick Leave
  • Paid Vacation
  • Health Savings Account/Flexible Spending Account
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Gym Membership
  • Tuition Reimbursement

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
The Economic Times
Nov 5th, 2026
Persistent raises Rs 7,600 crore to wrap up funding for Nagarro SE deal.

Persistent raises Rs 7,600 crore to wrap up funding for Nagarro SE deal. , ET Bureau Last Updated: Nov 05, 2026, 06:15:00 AM IST Persistent Systems has made waves in the financial market by securing ₹7,600 crore through non-convertible debentures aimed at funding its acquisition of Nagarro SE. This bold move saw bonds varying from two to three years issued, with demand soaring above ₹15,000 crore, attracting top investors. Additionally, the company successfully raised ₹600 crore with a one-year commercial paper at an impressive 8.75%. Mumbai: Information technology company Persistent Systems has raised a total of ₹7,600 crore through the issuance of non-convertible debentures (NCDs) of various tenures in the last leg of financing for its acquisition of Germany's Nagarro SE. The company raised ₹1,500 crore each in the two year and three year tenure and close to ₹2,000 crore each through the sale of four and five years bonds as part of its financing to complete its acquisition announced in June. About ₹1,250 crore in the four and five year tenures was earmarked for general corporate purposes, giving the company the freedom to use the funds as desired.

InvestyWise
Nov 4th, 2026
Persistent Systems allots $819M in NCDs at 8.95% to help fund Nagarro takeover

Persistent Systems has approved the allotment of 700,000 non-convertible debentures (NCDs) worth ₹70 billion, the company announced. The Special Committee of its board of directors approved the issue on November 4, 2026. The senior, rated, redeemable NCDs carry an interest rate of 8.95% a year and a face value of ₹0.10 million each. They are issued on a private placement basis and listed on the National Stock Exchange of India. The debentures are split into several series with maturities of two to five years. Some are unsecured; others are secured by a first ranking exclusive fixed charge, with provisions tied to a merger involving Galaxy Germany Holding SE and Nagarro SE.

Yahoo Finance
Nov 1st, 2026
Three Indian IT stocks poised to gain from tighter US H-1B rules

Proposed US immigration changes, including higher fees, tougher H-1B lotteries and stricter work-permit terms, could favour Indian IT and outsourcing firms that deliver work offshore. A Simply Wall St screen picked three such stocks. Firstsource Solutions, a Mumbai-based outsourcing firm with a market value of about ₹202.7b, has signed at least four large contracts in each of the past six quarters. Its deal pipeline exceeds $1 billion. Persistent Systems, based in Pune and valued near ₹959.7b, plans to buy Nagarro. The combined group would have about $2.9b in revenue. Happiest Minds Technologies, a Bengaluru firm valued at about ₹44.73b, gets 5.5% to 6% of revenue from generative AI services, which are growing faster than the company average.

Hexaware Technologies
Oct 22nd, 2026
Hexaware Named a Leader in the ISG Provider Lens(R) Agentic AI Services 2026 Global Quadrant Report.

Hexaware Named a Leader in the ISG Provider Lens(R) Agentic AI Services 2026 Global Quadrant Report. Information Services Group (ISG), a technology research and advisory firm, has recognized Hexaware as a Leader in Agentic AI Development and Deployment Services - Midsize in the ISG Provider Lens(R) Agentic AI Services 2026 - Global Quadrant report. ISG placed 16 providers in the Leader position in this quadrant, among them Persistent Systems, Virtusa, EXL, Sutherland, Ascendion, Apexon, Brillio, and Softtek. ISG describes Hexaware's agentic AI portfolio as being built around Agentverse(TM), a customer-deployed foundation and lifecycle environment spanning agent development, testing, and operations. It combines reusable agent libraries, workflow construction, enterprise integration and model choice, with a strategic direction that favors governed, customer-owned agent environments operating across heterogeneous cloud and model estates. Report highlights * Enterprise integration fabric: agent workflows combine APIs, tools, credentials and external application agents within a common orchestration model, across multiple clouds, model families and agent frameworks. * Governed agent lifecycle: delivery runs through development, review, testing, deployment, and runtime operations, with Agentverse(TM) connecting workflow design to registries, probabilistic evaluation, tracing, and monitoring. * Operational agent control: runtime observability covers workflow status, traces, model usage, infrastructure consumption, health and cost, shared according to enterprise roles. Hexaware Named a Leader in Agentic AI Development and Deployment Services - Midsize in the ISG Provider Lens(R) Agentic AI Services 2026 Global Quadrant Report "Hexaware approaches agentic AI as a governed engineering discipline, combining observability and multi-platform integration to move agent-based systems from experimentation into controlled production." - Gowtham Kumar Sampath, ISG

Stevie Awards
Oct 22nd, 2026
Finalists announced in Persistent's AI Waymakers Awards at the 2026 Stevie(R) Awards for Technology Excellence.

Finalists announced in Persistent's AI Waymakers Awards at the 2026 Stevie(R) Awards for Technology Excellence. Posted by Maggie Gallagher on Thu, Oct 22, 2026 @ 01:01 PM Persistent and the Stevie Awards recognize leaders advancing AI, cloud, data, and software engineering innovation Finalists in five categories sponsored by Persistent, a leading global technology company, have been announced in the 2026 Stevie(R) Awards for Technology Excellence. Persistent's AI Waymakers Awards recognize technology leaders whose work is helping shape the future of AI, cloud and data, software engineering, and business transformation. The Stevie Awards for Technology Excellence are an international competition recognizing outstanding achievements across the technology industry. Through its sponsorship, Persistent shines a spotlight on the individuals driving technological innovation and helping organizations translate emerging technologies into business impact. The Gold, Silver, and Bronze Stevie Award placements among the finalists will be revealed during the awards ceremony on October 28, 2026, in Paris, France. Meet the Finalists in Persistent's AI Waymakers Awards The finalists in the five categories sponsored by Persistent are: AI Automation Leader of the Year * Tom Birnie, Transformation Director, BT Business * Prem Lakshminarayanan, Director, Global Identity & Access Management Operations, Ahold Delhaize * Raj Jampa, CTO, Myriad Genetics AI Strategy Vanguard Award * Alice Guehennec, CIO, Sodexo * Vikash Singh, Director of Engineering, IAM, Ahold Delhaize * Nayaki Nayyar, CEO, Siteimprove * Andrew Henderson, CTO, OneAdvanced Cloud and Data Visionary of the Year * Graham McMillan, CTO, Redgate * Pankaj Mistry, CIO & CISO, Enlivio Health * Antonio Abisaad, Group Chief Data Officer, Sodexo * Maria Garcia de la Hera, Chief Data Officer, Atradius Software Engineering Trailblazer of the Year * Keshav Santi, Group VP Identity Access Management Products, Ahold Delhaize * Michael Carlberg Lax, Head of Engineering and MD Sweden, Infovista * Jon Hayman, VP, Engineering Manager, Redgate Trusted AI Transformation Advisor * Brian Farrelly, Director - GM Ireland, Peru Consulting * Marcus Luebcke, Strategic IT & Digital Sourcing, Inverto, a BCG Company * Melanie Humphries, CEO, Horizon Seven Consulting Ltd * Ant Drake, Partner and President, EMEA, Information Services Group Celebrating the People Shaping the Future of Technology Persistent's sponsorship of the AI Waymakers Awards reflects the importance of recognizing the people behind technological progress. From advancing AI strategy and automation to building cloud and data capabilities and leading software engineering initiatives, these finalists represent a range of expertise helping organizations navigate an increasingly technology-driven world. Winners to Be Revealed in Paris The technology community will learn which finalists earn Gold, Silver, and Bronze Stevie Award placements at the October 28 ceremony in Paris. The event will bring together honorees from several Stevie Awards programs to celebrate achievements in business, technology, and the workplace. Congratulations to all the finalists in Persistent's AI Waymakers Awards. Their recognition highlights the talent, vision, and leadership driving innovation across today's technology landscape. Learn more: Explore Persistent's AI Waymakers Awards finalists.

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