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We are delighted to report strong Q2 FY25 results with $345.5M revenue, a growth of 5.3% Q-o-Q and 18.4% Y-o-Y. Through our steadfast dedication to pioneering innovation, close collaboration with our ecosystem partners, and groundbreaking efforts across our industries and service lines, we have carved our niche in the market that drives our success. To all our stakeholders—your passion, trust, and collaboration fuel our journey. Thank you for being the cornerstone of our success!
Persistent has successfully achieved carbon neutrality—a remarkable accomplishment that we’ve reached one year ahead of schedule. By adopting renewable energy and optimizing resource management, we are aligned with our vision of achieving net-zero emissions by 2050. This significant milestone showcases our commitment to sustainability and our role in supporting clients’ environmental goals. We are working closely with our employees and stakeholders to make sustainability a fundamental part of our operations, driving lasting, long-term impact.
We are delighted to announce that we continued our growth momentum as we reported $328.2M in revenue in Q1 FY25, delivering 16.0% year-over-year growth. Our unwavering focus on innovation and quality, collaboration with ecosystem partners, and pioneering work across industry verticals and service lines, have contributed to our differentiated market position and success.
Our client is a leading global credit insurance issuer with a highly diverse customer base, operating large platforms for managing credit insurance and debt collection across the business lifecycle. Persistent's expertise in bespoke, best-in-class insurance solutions allowed us to resolve critical business challenges for our clients, helping them comply with IFRS 17, ensure Zero-Trust Security, and save 20% in costs.
Once again, Persistent is excited to be a part of the Microsoft Summer Mentorship Program this year. We had a fantastic kickoff day at the Microsoft NYC office with these brilliant young minds! We are proud sponsors of this year’s program and immensely grateful to Al Ingrassia and Mackenzie Burns for allowing us to be a part of this journey. To learn more about our partnership with Microsoft, visit our website and discover how Persistent and Microsoft are shaping the future together.
A top Automotive Commercial Line of Credit Provider wanted to streamline and automate its complex and manual credit application process to improve customer experience, agent productivity, and cross-selling opportunities. Leveraging Salesforce, we created an integrated platform that streamlined and automated the client's credit application process, resulting in a faster and more scalable solution to boost its fleet sales and financing business.
Since 2017, Persistent has been a leading MuleSoft partner, offering dynamic solutions to meet businesses' needs. With MuleSoft's intuitive tools, we help our clients streamline processes, increase productivity, and reduce expenses. We empowered a global Life Sciences leader to overcome challenges like high API management costs with enhanced data synchronization and migration of legacy systems with tailored MuleSoft solutions. This helped the Company reduce time to market and gain competitive advantage in the rapidly evolving pharmaceutical landscape.
We are excited to announce that Persistent has won the "Masters of Risk" award in the Risk Governance category at the prestigious India Risk Management Awards (IRMA). Hosted by CNBC-TV18 and ICICI Lombard for over a decade, this award holds special significance for us as it marks our first year of participation and our victory in the Large Cap category. This recognition highlights the strength of our risk governance processes, leadership commitment to fostering desired risk behavior, and our dedicated Enterprise Risk Management function led by our Chief Risk Officer. Most importantly, this award validates the trust placed in us by our clients and partners. Thank you to our stakeholders for your continued support and belief in Persistent!
Today marks a significant milestone as we expand our presence in the Contact Center (CC) and Unified Communications (UC) markets with the announcement of our intent to acquire Starfish Associates. Their innovative Enterprise Communications automation platform caters to the world’s largest enterprises including many Fortune 500 companies. This strategic acquisition builds on Persistent’s existing engineering capabilities in the CC and UC space, expanding on our strong AI-driven business transformation capabilities and expertise which drives operational excellence. Combined with Persistent’s AI-powered automation capabilities, this will enable significant optimizations, enhanced workflow efficiencies, and agile responses to dynamic business environments. We want to extend a warm welcome to our new colleagues around the world! It’s an exciting time to be at Persistent. Read our press release to learn how this acquisition will enhance our CC and UC offerings, enabling us to drive large-scale transformation for our global clients
Discover how Generative AI is revolutionizing Precision Medicine in our latest whitepaper. From accelerating drug discovery to improving disease diagnosis and personalizing treatments, Generative AI is transforming the healthcare landscape by influencing patient care and clinical outcomes. Download this insightful whitepaper by Dr. Santosh Dixit, Dr. Dr Akash Saggam, and Reshma Godse from the Healthcare and Life Sciences Innovation Labs at Persistent to explore how AI solutions are enhancing patient outcomes, streamlining operations, and driving exponential innovation.
