NSE · Technology · Information Technology Services
EPS came in at 33.55 against a street estimate of 33.94 — a miss of 1.1%.
with an average price target of ₹5,090.71.
CONFIDENT Persistent delivered 25 consecutive quarters of growth with FY26 revenue up 23.5% in rupees, EBIT/PAT up 31.5%/33.2%. Announced Nagarro acquisition for $2.9B to expand European footprint and capabilities. Q1 FY27 shows 16.1% YoY growth with $125M annual deal signed. Q1 FY27 (announced post-AGM) Acquisition diversifies away from 81% North America concentration. Europe exposure rises from 8.5-9% to 22%, addressing long-stated growth aspiration. Shareholders pressed hard on Nagarro debt burden (INR 16K cr), FX hedging strategy (euro depreciation 37%), and governance (CMD compensation disparity, independent director pay spikes). Management committed to permanent dollar financing, long-term value creation, and phased integration over 1-2 years; flagged regulatory approvals as 3-4 month timeline. 2026-08-03…
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Google PlayApp StoreData updated 2026-08-05.