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PR Newswire

Persistent posts $452.4 million Q1 FY27 revenue, up 16.1% year on year

AI Market Summary
Persistent reported Q1 FY27 revenue of $452.4M (+16.1% YoY) and EBIT up 32.7% YoY, supported by record quarterly TCV of $1.15B, including a $650M+ multi-year strategic services deal. The results reinforce demand for large-scale digital engineering and AI-led transformation services, with M&A momentum via the Nagarro business combination agreement. Overall impact is mainly idiosyncratic, with limited immediate macro spillover.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.15%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Persistent reported first-quarter FY27 revenue of $452.4 million, up 16.1% from a year earlier. The company said EBIT rose 32.7% year on year. Quarterly total contract value (TCV) reached a record $1.15 billion, including a 6.5-year strategic services agreement with a leading global technology company valued at more than $650 million. The results highlight Persistent’s expanding ability to deliver IT services for large clients.
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