Persistent reports $487.6 million Q2 revenue and secures 94.04% of Nagarro voting rights
As filed · Persistent Systems Limited has informed the Exchange regarding a press release dated October 15, 2026, titled "Press Release regarding financial results for the quarter and half year ended September 3
What happened
FactPersistent reported Q2 FY27 consolidated revenue of $487.6 million, up 7.8% quarter-on-quarter and 20.0% year-on-year, with an EBIT margin of 15.0%. The company said it secured approximately 94.04% of Nagarro’s share capital and voting rights, excluding treasury shares, and received shareholder approval for an equity raise of up to $450 million. Q2 order bookings were $633.5 million of TCV and $481.0 million of ACV.
Why it matters
CapitSignal interpretationReported results are the point at which prior management commitments become checkable against audited or reviewed numbers.
Watch next
Fact- Margin trend against the prior period
- Cash from operations against reported profit
- Whether prior guidance is reaffirmed
- we remain committed to our goal of reaching 2 billion dollars by end of FY27 and are well on that trajectory. (management committed by FY27)
- We are making steady progress towards our aspiration of reaching $2 billion by end of FY27. (management committed by FY27)
Evidence
How CapitSignal classified this
- Reasoning:
- Revenue growth and order bookings indicate continued operating momentum, but reported PAT declined both sequentially and year-on-year. The Nagarro transaction has progressed to a substantial ownership threshold and carries a potentially significant financing component.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%