PERSISTENT Q1 FY27 RESULTS: Revenue Increases

Revenue grew 16.1% YoY to $452.4 million, continuing Persistent's industry-leading growth. EBIT increased 32.7% YoY, much faster than revenue, indicating strong operating leverage. EBIT margin remained healthy at 16.0%, despite wage inflation and integration costs. Quarterly TCV reached an all-time high of $1.15 billion, providing strong revenue visibility for future quarters. AI, cloud modernization, and digital engineering continue to be major growth drivers. Discalimer:-This post is for educational and informational purposes only and should not be considered investment ***** do your own research before making any investment decisions. #StocksinNews