Persistent Systems, the global Digital Engineering and Enterprise Modernization leader, has been awarded the prestigious 'Growth Honor of the Year' at the 2025 Everest Group Elevate Honors. This recognition spotlights companies with annual revenues between $1 billion and $5 billion that demonstrate exceptional and consistent revenue growth.
Key Highlights
Persistent has achieved 21 consecutive quarters of revenue growth, marking a sustained upward trajectory.
The company reported trailing twelve-month revenues of $1,470.7 million as of Q1 FY26.
It posted an impressive 25.6% compound annual growth rate (CAGR) over four years (FY21–FY25).
Since its IPO in 2010, Persistent has delivered a 17.4% CAGR in revenue and a five-year shareholder return exceeding 1,800%.
The award is based on independent, analyst-driven research from Everest Group, capturing both differentiation and financial consistency.
Growth Drivers and Strategic Approach
Persistent attributes its remarkable growth to a client-centric approach combined with deep market insight and a strong focus on AI-led, platform-driven services. Its portfolio includes innovative solutions like SASVA™, iAURA, and GenAI Hub, enabling it to deliver tangible business outcomes. The company's robust global talent base and partner ecosystem further fuel its expansion and operational excellence.
Market Position and Industry Impact
Listed on the NSE and BSE, Persistent is part of key indices such as the Nifty Midcap 50, Nifty IT, and the S&P BSE 100. The company’s strong financial health and technological leadership have resulted in high investor confidence, reflected in exceptional shareholder returns and growing brand value.
Recognition at Everest Group Elevate – Dallas 2025
The accolade was presented during the inaugural Everest Group Elevate event held in Dallas, focused on shaping enterprise growth through revenue, strategy, and customer impact. Everest Group Partner Ronak Doshi emphasized that the honor is an objective, data-driven third-party validation of performance excellence.
CEO Perspective
Sandeep Kalra, CEO and Executive Director of Persistent, thanked Everest Group and highlighted that the recognition affirms client trust, team dedication, and the strength of partnerships. He emphasized the company’s commitment to accelerating growth with a goal to reach $5 billion in annual revenue by FY31.
Future Outlook
Persistent plans to maintain its growth momentum by expanding AI-powered service offerings, enhancing its partner network, exploring new verticals and geographies, and strengthening its commitment to sustainability and inclusion.
Conclusion
This award underscores Persistent Systems' leadership in digital transformation and enterprise modernization. With stellar financial performance and innovative solutions, Persistent is well-positioned to continue delivering value to clients and stakeholders and set new benchmarks for growth and performance.
Sources: Everest Group, Persistent Systems, PR Newswire, Business Standard
