24 Apr , 2025 By : Debdeep Gupta
The shares of Persistent Systems jumped 3 percent on April 24 after the IT major announced its results for the fourth quarter of the financial year 2025. The shares of the company were trading at Rs 5,295 apiece in early trading hours.
Persistent Systems reported a consolidated net profit of Rs 395.76 crore for the reported quarter. This marks a rise of nearly 25.5 percent from the Rs 315.32 crore net profit reported in Q4 FY24. The company's revenue from operations meanwhile surged over 25 percent year-on-year to Rs 3,242 crore in Q4 FY25.
Along with the Q4 results, the IT company also announced a final dividend of Rs 15 per equity share for the financial year which ended on March 31, 2025. The record date to determine the eligibility of the shareholders set to receive the payment will be announced later, as per an exchange filing. Notably, this brings the total dividend paid during the year to Rs 35. The company said that it was planned to acknowledge its 35th anniversary.
Persistent CEO and Executive Director Sandeep Kalra said, “We are proud to have delivered our 20th sequential quarter of revenue growth, with an EBIT margin of 15.6%...Despite the uncertain macroeconomic environment, our consistent performance reflects the trust of our clients, enduring strength of our capabilities, and operational discipline…As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led platform-driven services will drive this growth, fueled by continued rigor and innovation. We are well-positioned to continue delivering consistent and differentiated long-term value for all our stakeholders.”
For the fourth quarter of FY25, the company reported a Total Contract Value (TCV) of $517.5 million and Annual Contract Value (ACV) of $350.2 million.
Persistent Founder, Chairman and Managing Director Anand Deshpande said, "Persistent is leading the 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 commitment to innovation and client success continues to set us apart as we drive the future of technology with purpose and precision."
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