Persistent Systems Shares Made New 52-Week High: Joins the ₹1 Trillion Market Cap Club

Persistent Systems shares have reached a significant milestone, entering the exclusive group of companies with a market capitalisation of ₹1 trillion. On Thursday, the company’s stock hit a new high of ₹6,505.70, marking a 3% gain in intra-day trading on the BSE. The stock has surged 101% from its June low of ₹3,232.60. At 10:13 AM, Persistent Systems was trading at ₹6,473.05 on the BSE, reflecting a 2% increase and a market cap of ₹1.01 trillion (₹1.01 lakh crore).

Persistent System Outlook

Persistent Systems is targeting a revenue of $2 billion by FY27, which represents a compound annual growth rate (CAGR) of 19%. On the margins front, the company anticipates an improvement of 200-300 basis points over the next 2-3 years. This growth will be driven by strategic initiatives such as slower sales and marketing investments, optimized pricing, right-shoring, and a higher proportion of platform-based services, which offer better profitability compared to traditional deals.

Despite the seasonality and furloughs typically seen in its BFSI and Hi-tech verticals during the third quarter, Persistent expects to maintain healthy quarter-on-quarter growth. This is supported by its robust order book and pipeline. The company has also launched the T100 program, which focuses on scaling the top 100 accounts and is built around four core pillars: talent amplification, value maximization, AI-driven innovation, and ecosystem leadership.

AI Strategy and Innovation

Persistent is leveraging AI in two key areas: AI for technology and AI for business. The company plans to integrate AI across all its verticals and has launched platforms like SASVA and iAura. Additionally, the company’s GenAI Hub is seeing rapid adoption across various industries, further enhancing its AI capabilities.

Persistent System Q2 Performance

Persistent’s Q2 results showcased strong growth in both revenue and margins. The revenue uptick was driven by broad-based growth across all verticals, while margin improvements were supported by higher utilization and cost rationalization, despite wage hikes. The company’s deal wins are expected to sustain its revenue growth momentum in the coming quarters.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.