Title

Q4 FY22 Quarterly Results

  • Revenue

    $217.32M

  • Q-o-Q

    +9.1%

  • Y-o-Y

    +42.2%

FY22 Annual Results

  • Revenue

    $765.59M

  • Y-o-Y

    +35.2%

  • Y-o-Y EBIT

    +56.1%

Consolidated Financial Highlights for the Financial Year 2021-2022:

FY21 FY22 Y-o-Y growth
Revenue (USD Million) 566.08 765.59 35.2%
Revenue (INR Million) 41,878.88 57,107.46 36.4%
EBITDA (INR Million) 6,830.15 9,581.71 40.3%
PBT (INR Million) 6,094.43 9,242.79 51.7%
PAT (INR Million) 4,506.77 6,906.86 53.2%

Consolidated Financial Highlights for the Quarter ended March 31, 2022:

Q4FY22 Q-o-Q growth Y-o-Y growth
Revenue (USD Million) 217.32 9.1% 42.2%
Revenue (INR Million) 16,378.54 9.8% 47.1%
EBITDA (INR Million) 2,811.74 12.0% 49.3%
PBT (INR Million) 2,671.83 13.0% 44.5%
PAT (INR Million) 2,009.90 13.9% 45.9%

Growth and grit defined this year for Persistent Systems. Amidst global uncertainty, we've remained focused and flexible in driving client success as a leader in Digital Engineering and Enterprise Modernization. Persistent's sustained growth underscores the values and commitment of our entire team to confidently transform new ideas into tangible business results.

Anand Deshpande, Founder, Chairman and Managing Director, Persistent

FY22 was a banner year for Persistent with 35.2% year-over-year growth. Our ability to identify emerging industry and technology trends and deliver value to clients through our expertise has given us a significant competitive advantage in the market. We are grateful to our clients, partners, employees, and other stakeholders for their continued trust in our team and ongoing collaboration.

In addition to delivering industry leading growth, we’ve future-proofed our business to fuel the next phase of our growth through strategic investments, acquisitions and leadership hiring. These moves have bolstered our Digital Engineering skills, enhanced our partnerships across the hyperscaler ecosystem, and deepened our expertise in our core industries. With this foundation, we remain focused on expanding the business outcomes we deliver to our clients and look forward to building the next phase of Persistent.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent

Fourth Quarter FY22 Client Wins and Outcomes
Software, Hi-Tech, & Emerging Industries
  • Launching product engineering center of excellence to drive efficiency and reduce time to market for a pioneer in no-code technology
  • Managing and modernizing end-to-end IT operations for a company that builds telecom expense management software
  • Designing, building and managing a hybrid multi-cloud infrastructure transformation program for a leading global media company

Banking, Financial Services and Insurance
  • Modernizing Core and Enterprise Data platforms and migrating to cloud for a payments network provider
  • Scaling technology operations while executing digital transformation initiatives for a leading wealth-tech company that provides financial advisor software for businesses
  • Providing advisory and consulting services to drive process efficiency and vendor consolidation for one of the largest US banks
Healthcare & Life Sciences
  • Engineering the next generation platform to scale diagnostics and drug discovery business for a leader in immune-driven medicine
  • Enhancing patient relationship management and experience with Salesforce for a global biopharmaceutical company
  • Transforming traditional supply chain into a modern network powered by patient demand for a multinational pharmaceutical company
Awards and Recognition for FY22

Previous Quarterly Results

Contact us

You can also email us directly at info@persistent.com.

You can also email us directly at info@persistent.com