Persistent Systems Limited — Q2FY27 earnings call summary

Filed 23 October 2026 · Official transcript

Q2 FY27 revenue USD 487.6 million, +7.8% q-q, +20% y-y; EBIT margin 15%, PAT growth 5% y-y
EBIT margin impacted by wage hike, utilization, and amortization; target margin 16-17%
Multiple analyst questions on BFSI AI adoption, deal wins, margin outlook, and Nagarro acquisition
Nagarro deal closure expected Q4 CY26 or Q1 CY27; synergy plans post closure
Industry growth led by Software/High-Tech +28.5%, BFSI +16.2%, Healthcare +12% y-y
Large $650M+ deal with tech company driving growth; outcome-based model with cost savings share
Nagarro acquisition progressing; one-time expenses ~$50 million over 3-4 quarters impacting PAT by ~3.1%
Top client revenue growth: top 5 +38.9%, top 10 +29.9%, top 100 +21.6% y-y