PERSISTENT

What Persistent Systems promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 4 delivered 4 missed 6 open
  • Revenue Run Rate delivered said Q1 FY26 Promised: $2 billion by end of FY27 Q1 FY27: The announced acquisition of Nagarro creates a combined entity with pro-forma revenue of over $2.9 billion, significantly exceeding the original target ahead of schedule.
  • Effective Tax Rate went quiet said Q1 FY26 Promised: 22.5% to 23.5% for the year Q1 FY27: Promise related to FY26, which is complete. The final status remains ghosted as the outcome was never confirmed.
  • EBIT Margin Improvement diluted said Q1 FY26 Promised: improved by 200-300 basis point by the time we reach FY27 Q1 FY27: The acquisition of lower-margin Nagarro and new guidance for the combined entity to 'maintain and better' current margins effectively supersedes the original standalone target. New guidance: 'we do not believe that the combined entity will be at any significant lower margins than what Persistent has today.'

The rest of the ledger

Above is what the last two calls moved. Pro opens all 14 tracked commitments for Persistent Systems — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens