EL7.AI
Mergers & AcquisitionsMedium•10 November 2026•
1 min read

Persistent Systems Reports Strong Q1 Profit and Approves Nagarro SE Acquisition

Key Facts

1Persistent Systems reported a consolidated net profit of ₹4,830.4 million for the quarter ended June 30, 2026.
2The Board approved the acquisition of up to 100% of Nagarro SE at EUR 81 per share to expand European presence.
3The company's revenue grew 29.1% year-on-year to ₹43,032.3 million.

Persistent Systems reported a consolidated net profit of ₹4,830.4 million for the quarter ended June 30, 2026. According to scanx.trade, the company's revenue grew 29.1% year-on-year to reach ₹43,032.3 million during the period. This performance was supported by a record quarterly Total Contract Value (TCV) of $1.15 billion, which included a major strategic services agreement.

The company's Board of Directors approved the acquisition of up to 100% of Nagarro SE at a price of 81 EUR per share to strengthen its market presence in Europe. Financial disclosures show that earnings before interest and taxes (EBIT) rose 32.7% year-on-year to ₹6,868.8 million, maintaining an EBIT margin of 16.0% even as total headcount increased 4.1% on a quarterly basis.