Persistent Awarded 'Growth Honor of the Year' at 2025 Everest Group Elevate Honors

Core Insights - Persistent Systems has been recognized as a 2025 Elevate Honors recipient in the 'Growth Honor of the Year' category by Everest Group, highlighting its strong growth trajectory and commitment to long-term value creation [1][2][6] Financial Performance - The company reported $1,470.7 million in trailing twelve-month (TTM) revenue as of Q1 FY26, achieving a 25.6% compound annual growth rate (CAGR) over four years (FY21–FY25) and a 17.4% CAGR since its IPO in 2010 [2] - Persistent has delivered 21 consecutive quarters of revenue growth, showcasing sustained momentum [2] - The company has achieved a five-year shareholder return of 1,805.2%, indicating exceptional value creation for investors [2] Growth Strategy - Persistent's growth is driven by a client-centric approach, deep market understanding, and the ability to leverage emerging technologies [3] - The company has implemented an AI-led, platform-driven services strategy, with offerings such as SASVA™, iAURA, and GenAI Hub [3] - A strong partner ecosystem and a world-class global talent base further reinforce Persistent's growth [3] Recognition and Future Aspirations - The Elevate Honors recognition was announced at the Everest Group Elevate event in Dallas, focusing on enterprise growth and customer impact [4] - The CEO of Persistent expressed gratitude for the recognition, emphasizing the company's disciplined execution and innovation mindset, with aspirations to become a $5 billion company by FY31 [5] Company Overview - Persistent Systems is a global services and solutions company specializing in AI-led, platform-driven Digital Engineering and Enterprise Modernization [7] - The company employs over 25,000 individuals across 18 countries and offers a comprehensive suite of services, including software engineering, product development, data analytics, cloud computing, and intelligent automation [7] - Persistent is part of key indices such as the MSCI India Index and has achieved carbon neutrality, reflecting its commitment to sustainability [7][8]