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Persistent Systems and Kong, a leading developer of API and AI connectivity, today announced a strategic partnership to help enterprises implement the control layer required to scale AI securely and reliably. Persistent is uniquely positioned as Kong's global systems integration partner, combining its engineering-led approach with Kong's unified API and AI connectivity platform to simplify integration, strengthen governance and accelerate enterprise AI adoption.
As enterprises move from AI experimentation to production, the challenge is no longer access to models. It is how AI systems are connected, governed and operated at scale. APIs, data pipelines, models and agents are converging into a single operational fabric. Without a unified control layer, this fabric becomes fragmented, difficult to govern and increasingly complex to scale.
This partnership addresses that gap by enabling enterprises to implement Kong's governed, scalable connectivity layer across APIs, data and AI services. Together, Persistent and Kong will enable organizations to modernize legacy API environments, strengthen governance and reduce operational costs, while supporting high-performance workloads seamlessly across hybrid and multi-cloud environments.
The collaboration also enables enterprises to operationalize GenAI and agentic workflows, including Model Context Protocol-based architectures, with built-in security, observability and policy-driven control. This includes policy-driven safeguards such as Personally Identifiable Information (PII) protection, centralized access management and end-to-end observability, ensuring enterprise-grade security and compliance across API and AI interactions.
The partnership advances Persistent's AI-first, platform-driven approach by creating a more predictable path from AI ambition to enterprise-scale execution. By combining Kong's AI Gateway and unified API and AI connectivity platform with Persistent's GenAI Hub and engineering-led delivery, organizations can move beyond isolated use cases toward governed, production-grade AI systems with greater control, lower risk and faster realization of business value.
Persistent Systems Ltd is up for a third straight session in a row. The stock is quoting at Rs 5095.5, up 3.06% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.33% on the day, quoting at 23727.6. The Sensex is at 75577.8, up 0.35%. Persistent Systems Ltd has dropped around 4.31% in last one month.
Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has dropped around 7.11% in last one month and is currently quoting at 28389.8, up 3.35% on the day. The volume in the stock stood at 6.86 lakh shares today, compared to the daily average of 7.62 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 5110, up 3.35% on the day. Persistent Systems Ltd is down 9.77% in last one year as compared to a 3.87% drop in NIFTY and a 21.31% drop in the Nifty IT index.
The PE of the stock is 45.88 based on TTM earnings ending March 26.
IT shares tumbled after advancing in the past trading session.
At 10:25 IST, the barometer index, the S&P BSE Sensex declined 791.18 points or 0.99% to 78,492.51. The Nifty 50 index slumped 201.20 points or 0.82% to 24,369.70
In the broader market, the BSE 150 MidCap Index shed 0.01% and the BSE 250 SmallCap Index rose 0.28%.
The market breadth was positive. On the BSE, 2006 shares rose and 1,705 shares fell. A total of 218 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 6.41% to 18.66.
Earnings Today:
SBI Life Insurance Company (down 0.91%), Tech Mahindra(down 3.82%), Trent(down 0.91%), Bharat Coking Coal(down 0.25%), Delta Corp(up 3.63%), Havells India(up 0.02%), L&T Technology Services(down 1.77%), Oracle Financial Services Software(up 1.50%), Sangam India(up 8.51%), and Tata Communications (down 0.03%) will announce their quarterly earnings today.
Buzzing Index:
The Nifty IT index declined 3.30% to 30,681.75. The index jumped 0.45% in the past trading session.
HCL Technologies (down 8.99%), Persistent Systems (down 3.51%), Coforge (down 3.2%), Infosys (down 2.7%), Tech Mahindra (down 2.59%), LTM (down 1.95%), Tata Consultancy Services (down 1.55%), Mphasis (down 1.25%) and Wipro (down 0.32%) declined.
Stocks in Spotlight:
Ajanta Pharma fell 1.31% after the company said the United States Food and Drug Administration (USFDA) has completed an inspection at its Paithan manufacturing facility in Maharashtra, conducted between 13 April and 21 April 2026.
Advait Energy Transitions jumped 4.57% after the company received an order worth Rs 27.74 crore from Power Transmission Corporation of Uttarakhand (PTCUL).
Tata Elxsi declined 4.65%. The company reported a 27.8% increase in net profit to Rs 220.35 crore in Q4 FY26, compared with Rs 172.42 crore posted in Q4 FY25. Revenue from operations increased 9.4% to Rs 993.75 crore in the quarter ended 31 March 2026, compared with Rs 908.34 crore recorded in the corresponding quarter last year.
On a year-on-year basis, the company’s net profit rose 33.73%, while revenue grew 25.10% in Q4 FY26.
Profit before tax (PBT) stood at Rs 673.98 crore, up 19.29% QoQ and 33.40% YoY, while EBIT rose 21.4% sequentially and 30.5% annually to Rs 659.16 crore. These figures include a one-time impact of the New Labour Codes in Q3 FY26.
The company reported revenue of $436 million for Q4 FY26, representing a steady 3.2% quarter-on-quarter (QoQ) increase and robust 16.2% year-on-year (YoY) growth in USD terms. On a constant currency basis, revenue growth for the quarter stood at 3.4%, compared to 4.1% in Q3 FY26 and 4.5% in the corresponding quarter of the previous year.
The company’s total contract value (TCV) for the quarter was $600.8 million, while annual contract value (ACV) stood at $445.1 million.
Dr Anand Deshpande, founder, chairman and managing director, Persistent, said, “Our approach has consistently been to build capabilities ahead of demand. Over the past 36 years, we have invested in strengthening our engineering depth and data foundations, which are now finding greater application as AI adoption scales across enterprises. These investments are leading to deeper client relationships and a more meaningful role in how our clients are reshaping their businesses in the context of AI. We will continue to build and adapt our capabilities as the market evolves, with the same long-term discipline.”
Sandeep Kalra, chief executive officer and executive director, Persistent, said, “We delivered 17.4% year-on-year revenue growth in FY26, with an EBIT margin of 15.6%. I am pleased to share that we have declared a full-year dividend of ₹40 per share. Q4 FY26 marked our 24th sequential quarter of growth, reflecting the consistency of our execution and alignment to client demand in a market being shaped by AI. As AI adoption accelerates, our AI-first strategy is strengthening our operating model and improving the quality and scale of delivery across the business.
Our growth momentum continues to be recognized in the market, with Brand Finance naming Persistent the fastest-growing IT services brand globally in 2026. We are deeply grateful to our employees for their unwavering commitment and to our clients, partners and shareholders for their continued trust and belief, enabling our progress.”
Meanwhile, the company’s board has recommended a final dividend of Rs 18 per equity share having a face value of Rs 5 for the financial year 2025–26. The said final dividend is subject to the approval of shareholders at the ensuing 36th Annual General Meeting of the company. The record date for the purpose of payment of the dividend will be determined later and communicated to the stock exchanges separately.
Persistent Systems is a global services and solutions company delivering AI-led, platform-driven digital engineering and enterprise modernization to businesses across industries. Persistent offers a comprehensive suite of services, including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation.
The counter fell 4.41% to Rs 5,100 on the BSE.
For the full year,net profit rose 33.21% to Rs 1865.12 crore in the year ended March 2026 as against Rs 1400.16 crore during the previous year ended March 2025. Sales rose 23.53% to Rs 14748.45 crore in the year ended March 2026 as against Rs 11938.72 crore during the previous year ended March 2025.
Our growth momentum continues to be recognized in the market, with Brand Finance naming Persistent the fastest-growing IT services brand globally in 2026. We are deeply grateful to our employees for their unwavering commitment, and to our clients, partners and shareholders for their continued trust and belief, enabling our progress.”
The counter rose 0.88% to end at Rs 5,369 on the BSE.
Persistent Systems announced the launch of its Merchant Risk Management and Fraud Detection solution powered by Databricks Data Intelligence platform. The solution helps financial institutions reduce fraud losses, improve detection accuracy and lower manual review effort through real-time, intelligence-driven decisions.
As digital payments scale, financial institutions, payment service providers, digital platforms and their end customers face rising fraud, regulatory scrutiny and reputational risk. Traditional approaches rely on static rules and post-transaction analysis, limiting early detection. Persistent shifts merchant risk management upstream to enable early detection, continuous monitoring and AI-driven action before losses occur.
Built on the Databricks Data Intelligence platform, the solution uses Agentic AI to perform multi signal merchant vetting during onboarding, analyzing business profiles, compliance history, transaction patterns and external indicators to assess risk before transactions begin. Once live, it continuously monitors transactions, chargebacks and third-party signals in real time to detect emerging fraud or compliance risks.
Built on the Databricks Data Intelligence platform, the solution uses Agentic AI to perform multisignal merchant vetting during onboarding, analyzing business profiles, compliance history, transaction patterns and external indicators to assess risk before transactions begin.
The company said the solution is expected to deliver measurable business benefits, including a 20–40% reduction in chargeback and fraud losses through early risk detection, a 30–60% improvement in fraud detection accuracy, and a 50–70% reduction in manual review efforts, allowing teams to focus on higher-value investigations. Additionally, the platform could help reduce risk management costs by 10–20% through automation and streamlined workflows.
Barath Narayanan, Global BFSI and Europe Geo Head, Persistent, said, “Merchant risk has become one of the most complex challenges for financial institutions, payment service providers and digital platforms as transaction volumes grow and regulatory scrutiny intensifies. Effective risk management now depends on the ability to transform data into intelligence and respond in real time. Our work with Databricks enables us to combine scalable data processing with AI to help financial institutions identify emerging risk earlier, improve decision making and strengthen merchant oversight across the entire lifecycle.”
The company reported a 6.79% decline in consolidated net profit to Rs 439.4 crore despite of 5.52% increase in revenue from operations to Rs 3778.20 crore in Q3 FY26 over Q2 FY26.
Persistent Systems Ltd rose for a third straight session today. The stock is quoting at Rs 5316.2, up 1.69% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.19% on the day, quoting at 22757. The Sensex is at 73408.47, up 0.12%. Persistent Systems Ltd has added around 11.15% in last one month.
Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has added around 1.61% in last one month and is currently quoting at 30441.45, up 0.68% on the day. The volume in the stock stood at 3.49 lakh shares today, compared to the daily average of 7.49 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 5232.1, up 1.88% on the day. Persistent Systems Ltd is up 16.24% in last one year as compared to a 2.69% gain in NIFTY and a 6.19% gain in the Nifty IT index.
The PE of the stock is 52.44 based on TTM earnings ending December 25.