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Net profit of Persistent Systems rose 13.67% to Rs 483.04 crore in the quarter ended June 2026 as against Rs 424.94 crore during the previous quarter ended June 2025. Sales rose 29.09% to Rs 4303.23 crore in the quarter ended June 2026 as against Rs 3333.59 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales4303.233333.59 29 OPM %16.1918.35 - PBDT738.39649.19 14 PBT623.10555.41 12 NP483.04424.94 14 Powered by Capital Market - Live News

Persistent Systems will hold a meeting of the Board of Directors of the Company on 2 August 2026.

Persistent Systems announced that the 36th Annual General Meeting(AGM) of the company will be held on 3 August 2026.

The board of  Persistent Systems at its meeting held on 26 -27 June 2026 has approved the following:- The establishment of Galaxy Germany Holding SE as a wholly owned subsidiary of the company, by way of acquiring its 100% stake through the local consultant in Germany. The entity currently has no operational business and is acquired to serve as a strategic vehicle for pursuing potential M&A opportunities in the European region. - The acquisition of the shareholding of Nagarro SE, a listed entity in Germany (target company) from its largest shareholder namely Lantano Beteiligungen GmbH, a German entity (represented by Carl-Georg D�rschmidt). In line with this objective and as mentioned above, the company has acquired Galaxy Germany Holding SE, as its wholly owned subsidiary in Germany, on 26 June 2026, to serve as a strategic vehicle for pursuing potential M&A opportunities in the European region. Subsequently, Galaxy Germany Holding SE has entered into a share Purchase Agreement with Lantano Beteiligungen GmbH on 26 June 2026 for the acquisition of 21% shareholding (excluding treasury shares) of Nagarro SE, a listed entity in Germany (target company/ Nagarro) subject to the satisfaction of customary closing conditions and requisite regulatory approvals.Nagarro is a Munich-headquartered leader in digital engineering with ~18,500 employees across 40+ countries, deep roots in industrial, consumer, TMT and BFSI verticals and a total revenue of EUR 1 billion (CY25).Persistent � Nagarro Group forms a perfect strategic fit, combining Persistent`s AI-led engineering leadership, North American scale and partnership depth with Nagarro`s European business, complementary verticals, AI expertise, and ERP and CX delivery, to create a ~USD 2.9 billion AI-led engineering powerhouse with 46,000+ employees across 40+ countries. - The board also approved providing the corporate guarantee up to EUR 1,540,000,000 to Barclays Bank PLC in favour of Galaxy Germany Holding SE, a wholly owned subsidiary of the Company to secure the bridge financing facility. The bridge financing is proposed to be utilised by Galaxy Germany Holding SE to settle the applications to be received in the voluntary public takeover offer and for the separate sale and purchase of 21% shares (excluding treasury shares) of the target company from Lantano Beteiligungen GmbH and potentially support the target company with refinancing its debt, and other transaction-related requirements and expenses.  

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.