Persistent Systems Posts Record Quarterly Total Contract Value (TCV) Of $1.15 Billion In Q1

Persistent Systems reported an 8.7% sequential decline in net profit for the first quarter of FY27, while revenue rose on the back of continued deal momentum and strong client spending. The IT services company posted a net profit of ₹483 crore for the June quarter, compared with ₹529 crore in the previous quarter. In dollar terms, revenue rose 3.8% sequentially to $452.4 million from $436 million in the March quarter. Tune in to watch exclusive chat with Sandeep Kalra, CEO, Persistent Systems.