Persistent Systems Limited has released the transcript of their investor/analyst call held on Tuesday, January 20, 2026, for the quarter and nine months ended December 31, 2025. The transcript is also available on the company's website. During the call, the management provided a financial summary for Q3 FY26, reporting a revenue growth of 4.0% quarter-on-quarter and 17.3% year-on-year, reaching $422.5 million. In Rupee terms, this translates to a 5.5% quarter-on-quarter and 23.4% year-on-year growth. The EBIT margin for the quarter was 14.4%, with a reported decline of 7.0% quarter-on-quarter and an increase of 19.1% year-on-year in absolute terms, impacted by new labor codes. Profit After Tax (PAT) for the quarter was 11.6%, showing a decline of 6.8% quarter-on-quarter and an increase of 17.8% year-on-year in absolute terms. The company also highlighted strong growth in their client base across various revenue buckets and positive year-on-year growth in North America (18.6%) and Europe (22.0%). The BFSI vertical led industry segment growth with 29.3%. An interim dividend of ₹22 per share was declared. Discussions also focused on the company's AI strategy, including their internal 'Customer Zero' approach using the AssistX platform, and external client adoption of AI through platforms like SASVA and iAURA. The company reiterated its long-term aspirations of reaching $2 billion in annual revenue by March 2027 and $5 billion by March 2031. Management also discussed demand environment trends, margin tailwinds, and capital allocation strategies.
