Pune, India, September 17, 2025: Persistent Systems, a global Digital Engineering and Enterprise Modernization leader, today announced that it has been recognized as a 2025 Elevate Honors recipient in the “Growth Honor of the Year” category by Everest Group, which highlights companies with annual revenue between $1–5 billion. This acknowledgement affirms the Company’s strong growth trajectory with a commitment to driving long-term value across stakeholders.
This award recognizes Persistent’s market-leading organic, constant-currency revenue growth among publicly listed global service providers. The Elevate Honors are determined through Everest Group’s independent, analyst-driven research, with recipients chosen solely on performance merit, underscoring both differentiation and consistency in financial results. Persistent has delivered 21 sequential quarters of revenue growth, reflecting the sustained momentum behind this recognition. Persistent reported $1,470.7 million in trailing twelve-month (TTM) revenue as of Q1 FY26, with a 25.6% four-year CAGR (FY21–FY25) and a 17.4% CAGR since its IPO in 2010. Listed on the National Stock Exchange of India and the Bombay Stock Exchange, the Company has also delivered a five-year shareholder return of 1,805.2%, reflecting exceptional value creation for investors.
Persistent’s client-centric approach, deep market understanding, and the ability to capitalize on emerging technologies have fuelled its growth. Despite dynamic macroeconomic conditions, Persistent has continued to expand by delivering tangible outcomes through its AI-led, platform-driven services strategy, including differentiated offerings such as SASVA™, iAURA, and GenAI Hub. Its growth is further reinforced by a strong partner ecosystem, as well as a world-class global talent base, delivering business outcomes and stakeholder trust.
The recognition was announced at Everest Group Elevate – Dallas 2025, an inaugural gathering of leaders shaping enterprise growth, focused on driving revenue, strategy, and customer impact at scale.
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent
“We thank Everest Group for this recognition, which stands as a powerful affirmation of our clients’ trust, the passion of our global team, and the strength of our partnerships. Our disciplined execution and innovation mindset, combined with our focus on AI-led, platform-driven services strategy, have powered our growth and enabled us to drive measurable outcomes for our clients. As we continue advancing toward our aspiration of becoming a $5 billion company by FY31, we remain steadfast in accelerating this momentum as we set new benchmarks for growth and performance.”
Ronak Doshi, Partner, Everest Group
“We are proud to launch the Everest Group Elevate Honors recognition program at Elevate in Dallas, Sept 2025. Elevate Honors recognitions are based on Everest Group’s independent, fact based, analyst-driven research. Honorees are selected based on objective, data-driven analysis and serves as third party validation of high performance and excellence. We congratulate Persistent Systems for their recognition in the Growth Honor of the Year (annual revenue > USD 1 to 5 billion).”
