Persistent Systems Ltd

Persistent Systems Ltd is up for a third straight session today. The stock is quoting at Rs 5158.7, up 2.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 24216.7. The Sensex is at 77693.16, up 0.16%. Persistent Systems Ltd has gained around 5.48% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has gained around 4.12% in last one month and is currently quoting at 28010.35, up 4.34% on the day. The volume in the stock stood at 5.39 lakh shares today, compared to the daily average of 11.42 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 5158.9, up 1.85% on the day. Persistent Systems Ltd is down 7.96% in last one year as compared to a 3.45% slide in NIFTY and a 21.59% slide in the Nifty IT index.The PE of the stock is 46.9 based on TTM earnings ending March 26.Powered by Capital Market - Live

Persistent Systems announced that the 36th Annual General Meeting(AGM) of the company will be held on 3 August 2026.

Persistent Systems has fixed 27 July 2026 as record date for payment of final dividend of Rs 18 per equity share of Rs 5 each for FY 2026.

Persistent Systems Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 4694.2, up 0.25% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.71% on the day, quoting at 24444.3. The Sensex is at 78329.41, up 0.73%. Persistent Systems Ltd has dropped around 7.32% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has dropped around 5.02% in last one month and is currently quoting at 27439.4, down 0.82% on the day. The volume in the stock stood at 4.6 lakh shares today, compared to the daily average of 10.36 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 4681.2, down 0.03% on the day. Persistent Systems Ltd is down 19.63% in last one year as compared to a 3.99% drop in NIFTY and a 29.98% drop in the Nifty IT index.The PE of the stock is 43.42 based on TTM earnings ending March 26.Powered by Capital Market - Live

Persistent Systems Ltd rose for a third straight session today. The stock is quoting at Rs 4560, up 5.31% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.52% on the day, quoting at 24129.55. The Sensex is at 77320.29, up 0.52%. Persistent Systems Ltd has dropped around 10.54% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has dropped around 8.36% in last one month and is currently quoting at 25769.8, up 4.49% on the day. The volume in the stock stood at 13.82 lakh shares today, compared to the daily average of 8.92 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 4546, up 5.46% on the day. Persistent Systems Ltd is down 23.37% in last one year as compared to a 5.02% fall in NIFTY and a 30.7% fall in the Nifty IT index.The PE of the stock is 40.15 based on TTM earnings ending March 26.

The proposed acquisition is expected to significantly expand Persistent's global footprint and AI-led digital engineering capabilities. However, investors remained cautious over the execution of the large cross-border transaction. Persistent has signed an agreement to combine with Munich-headquartered Nagarro and has acquired an approximately 21% stake in the company. It has also launched a voluntary public takeover offer for the remaining shares, subject to regulatory approvals and shareholder acceptance. According to the investor FAQ released by the company, the combined entity would become the world's second-largest digital engineering company by revenue and India's seventh-largest technology services company, with an annualised revenue run rate of more than $2.9 billion. The combined group would employ more than 46,000 people and serve over 350 marquee clients globally. Persistent said the transaction is expected to be earnings per share (EPS) accretive. On an illustrative pro-forma trailing 12-month basis, the combined business would generate revenue of $2.795 billion, EBITDA of $463 million, EBIT of $337 million and profit after tax of $215 million. Pro-forma EPS is estimated at $1.36 (Rs 127), compared with $1.30 (Rs 121) for Persistent on a standalone basis. The company stressed that these figures are illustrative and not management guidance. The company said Nagarro is a highly complementary business that strengthens Persistent's presence in Europe while adding complementary industry verticals, AI expertise, and ERP and customer experience capabilities. It said the combination would create a global AI-led digital engineering company and achieve a scale that would have taken years to build organically. Persistent said the all-cash offer values Nagarro at EUR 81 per share, representing a premium of about 140% to Nagarro's undisturbed closing price on 25 June 2026 and about 94% to its three-month volume-weighted average price. Nagarro's management board and supervisory board have backed the transaction and intend to recommend that shareholders accept the offer. Persistent has already secured an approximately 21% stake through a binding agreement with Nagarro's largest shareholder. The acquisition is expected to close by Q4 CY26 or Q1 CY27, subject to German and Indian regulatory approvals and the acceptance of the offer by shareholders holding at least 50% plus one share of all outstanding Nagarro shares. Until then, Persistent and Nagarro will continue to operate as independent companies. Persistent Systems is a global services and solutions company delivering AI-led, platform-driven digital engineering and enterprise modernization to businesses across industries. Persistent Systems reported a 20.43% sequential increase in consolidated net profit to Rs 529.26 crore in Q4 FY26, compared with Rs 439.45 crore in Q3 FY26. Revenue from operations increased 7.35% quarter-on-quarter to Rs 4,055.94 crore for the quarter ended 31 March 2026. On a year-on-year basis, the company's net profit rose 33.73%, while revenue grew 25.10% in Q4 FY26. Powered by Capital Market - Live

The board of  Persistent Systems at its meeting held on 26 -27 June 2026 has approved the following: - The establishment of Galaxy Germany Holding SE as a wholly owned subsidiary of the company, by way of acquiring its 100% stake through the local consultant in Germany. The entity currently has no operational business and is acquired to serve as a strategic vehicle for pursuing potential M&A opportunities in the European region. - The acquisition of the shareholding of Nagarro SE, a listed entity in Germany (target company) from its largest shareholder namely Lantano Beteiligungen GmbH, a German entity (represented by Carl-Georg D'rschmidt). In line with this objective and as mentioned above, the company has acquired Galaxy Germany Holding SE, as its wholly owned subsidiary in Germany, on 26 June 2026, to serve as a strategic vehicle for pursuing potential M&A opportunities in the European region. Subsequently, Galaxy Germany Holding SE has entered into a share Purchase Agreement with Lantano Beteiligungen GmbH on 26 June 2026 for the acquisition of 21% shareholding (excluding treasury shares) of Nagarro SE, a listed entity in Germany (target company/ Nagarro) subject to the satisfaction of customary closing conditions and requisite regulatory approvals. Nagarro is a Munich-headquartered leader in digital engineering with ~18,500 employees across 40+ countries, deep roots in industrial, consumer, TMT and BFSI verticals and a total revenue of EUR 1 billion (CY25). Persistent - Nagarro Group forms a perfect strategic fit, combining Persistent's AI-led engineering leadership, North American scale and partnership depth with Nagarro's European business, complementary verticals, AI expertise, and ERP and CX delivery, to create a ~USD 2.9 billion AI-led engineering powerhouse with 46,000+ employees across 40+ countries. - The board also approved providing the corporate guarantee up to EUR 1,540,000,000 to Barclays Bank PLC in favour of Galaxy Germany Holding SE, a wholly owned subsidiary of the Company to secure the bridge financing facility. The bridge financing is proposed to be utilised by Galaxy Germany Holding SE to settle the applications to be received in the voluntary public takeover offer and for the separate sale and purchase of 21% shares (excluding treasury shares) of the target company from Lantano Beteiligungen GmbH and potentially support the target company with refinancing its debt, and other transaction-related requirements and expenses.  

Persistent Systems collaborated on an AI engineering talent initiative with Databricks and the Milwaukee School of Engineering (MSOE) to help strengthen the next generation of enterprise-ready AI talent. Developed in collaboration with the MSOE AI Club, Persistent anchored a Databricks-powered AI Hackathon to scale AI delivery capabilities through deeper collaboration across academia, technology ecosystems and industry practitioners. The program provided students with the opportunity to work with AI professionals, bridging the gap between academic AI learning and real-world implementation. Using the Databricks Data Intelligence Platform and supported by the Databricks University Alliance, the initiative gave students hands-on exposure to advanced data and AI engineering environments used in modern analytics, Generative AI and operational AI deployments. It also emphasized on operational scalability, governance, reliability and engineering discipline. Participants worked across the AI lifecycle using technologies including Delta Lake, Unity Catalog, Agent Bricks, and Databricks Workflows, gaining practical experience in scalable AI pipelines, governed data environments, AI orchestration and production-ready AI architectures.

Persistent Systems announced the signing of an agreement to expand its Eastern European presence through the integration of a specialized team of more than 90 professionals from Concise, a Tallinn-headquartered software engineering and IT consulting company. Subject to closing conditions, the transaction will strengthen Persistent's European nearshore delivery network and enhance its ability to help enterprises evolve large-scale digital infrastructure and globally integrated operations. The establishment of delivery centers in Tallinn and Tartu would expand Persistent's European footprint and strengthen its nearshore delivery model for clients across the region. Estonia's advanced digital ecosystem and deep technology talent base will provide a strong foundation for supporting AI-led transformation requiring governance alignment and stronger regional engagement. The expansion also aims to strengthen Persistent's relationship and depth of expertise with a strategic customer in the enterprise mobility segment in the region.

Persistent Systems and Kong, a leading developer of API and AI connectivity, today announced a strategic partnership to help enterprises implement the control layer required to scale AI securely and reliably. Persistent is uniquely positioned as Kong's global systems integration partner, combining its engineering-led approach with Kong's unified API and AI connectivity platform to simplify integration, strengthen governance and accelerate enterprise AI adoption. As enterprises move from AI experimentation to production, the challenge is no longer access to models. It is how AI systems are connected, governed and operated at scale. APIs, data pipelines, models and agents are converging into a single operational fabric. Without a unified control layer, this fabric becomes fragmented, difficult to govern and increasingly complex to scale. This partnership addresses that gap by enabling enterprises to implement Kong's governed, scalable connectivity layer across APIs, data and AI services. Together, Persistent and Kong will enable organizations to modernize legacy API environments, strengthen governance and reduce operational costs, while supporting high-performance workloads seamlessly across hybrid and multi-cloud environments. The collaboration also enables enterprises to operationalize GenAI and agentic workflows, including Model Context Protocol-based architectures, with built-in security, observability and policy-driven control. This includes policy-driven safeguards such as Personally Identifiable Information (PII) protection, centralized access management and end-to-end observability, ensuring enterprise-grade security and compliance across API and AI interactions. The partnership advances Persistent's AI-first, platform-driven approach by creating a more predictable path from AI ambition to enterprise-scale execution. By combining Kong's AI Gateway and unified API and AI connectivity platform with Persistent's GenAI Hub and engineering-led delivery, organizations can move beyond isolated use cases toward governed, production-grade AI systems with greater control, lower risk and faster realization of business value.