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Persistent Systems collaborated on an AI engineering talent initiative with Databricks and the Milwaukee School of Engineering (MSOE) to help strengthen the next generation of enterprise-ready AI talent.
Developed in collaboration with the MSOE AI Club, Persistent anchored a Databricks-powered AI Hackathon to scale AI delivery capabilities through deeper collaboration across academia, technology ecosystems and industry practitioners. The program provided students with the opportunity to work with AI professionals, bridging the gap between academic AI learning and real-world implementation.
Using the Databricks Data Intelligence Platform and supported by the Databricks University Alliance, the initiative gave students hands-on exposure to advanced data and AI engineering environments used in modern analytics, Generative AI and operational AI deployments. It also emphasized on operational scalability, governance, reliability and engineering discipline. Participants worked across the AI lifecycle using technologies including Delta Lake, Unity Catalog, Agent Bricks, and Databricks Workflows, gaining practical experience in scalable AI pipelines, governed data environments, AI orchestration and production-ready AI architectures.
Tata Consultancy Services Ltd lost 4.15% today to trade at Rs 2346.55. The BSE Information Technology index is down 2.36% to quote at 29397.33. The index is up 4.3 % over last one month. Among the other constituents of the index, Persistent Systems Ltd decreased 3.52% and Coforge Ltd lost 3.34% on the day. The BSE Information Technology index went down 19.31 % over last one year compared to the 7.72% fall in benchmark SENSEX.
Tata Consultancy Services Ltd has lost 3.46% over last one month compared to 4.3% gain in BSE Information Technology index and 3.57% drop in the SENSEX. On the BSE, 50371 shares were traded in the counter so far compared with average daily volumes of 2.83 lakh shares in the past one month. The stock hit a record high of Rs 3539.45 on 18 Jun 2025. The stock hit a 52-week low of Rs 2210 on 14 May 2026.
Persistent Systems announced the signing of an agreement to expand its Eastern European presence through the integration of a specialized team of more than 90 professionals from Concise, a Tallinn-headquartered software engineering and IT consulting company. Subject to closing conditions, the transaction will strengthen Persistent's European nearshore delivery network and enhance its ability to help enterprises evolve large-scale digital infrastructure and globally integrated operations.
The establishment of delivery centers in Tallinn and Tartu would expand Persistent's European footprint and strengthen its nearshore delivery model for clients across the region. Estonia's advanced digital ecosystem and deep technology talent base will provide a strong foundation for supporting AI-led transformation requiring governance alignment and stronger regional engagement. The expansion also aims to strengthen Persistent's relationship and depth of expertise with a strategic customer in the enterprise mobility segment in the region.
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.