Contents
FY24 Performance Highlights
Our Future-Ready Global Workforce
Persistent
University
Environmental, Social and Governance
Persistent Foundation
Client Resilience and Success
FY24 Awards & Analyst Recognitions
Innovation for Resilience and Excellence
Partnering for Future-Ready Solutions
The Persistent Way
Resilient and Future-Ready
The Persistent Way
2024 Annual Report
The Persistent Way powers our ability to outperform competitors, enable growth, and unlock client value — a direct result of the resilience we’ve deliberately built into our company through years of investment, acquisition, and innovation.
Our resilience is reflected in many ways. Every day, we collaborate with clients to rethink and adapt their businesses so they can remain competitive in turbulent markets. We’ve fortified our operations to quickly respond to fastmoving industry and macroeconomic headwinds. Our expanded leadership team promotes efficient and productive processes for our employees and, by extension, our clients. Our resilience, which resulted in $1.186 billion in FY24 revenue and 16 quarters of sequential growth, also continues to deliver positive outcomes for our investors, with a record of achievement and industry recognition that no other provider can match.
Nonetheless, we don’t equate resilience with complacency or settling for the status quo. We match our resiliency with a simultaneous commitment to always remain future-ready and capitalise on new trends, technologies, and solutions for our clients’ benefit, backed by a rich history in AI, data, and Digital Engineering.
We pride ourselves on developing scalable, trustworthy, and enterpriseready solutions that prepare clients to lead in their industries and exceed customer expectations throughout different sectors. Through an unwavering focus on innovation and quality, our collaborative efforts with ecosystem partners, and our pioneering work in AI-enabled software engineering, product development, data and analytics, and cloud, we ensure continued growth and success for our clients and our business.
With each new client success and every breakthrough innovation, we demonstrate our differentiated market positioning, industry strength, and an enduring commitment to invest and grow by remaining Resilient and Future-Ready: The Persistent Way.
Clients gravitate to our future-ready approach because we challenge conventional wisdom and business-asusual thinking, pushing the boundaries of what’s possible for them and ourselves. We bring this same forwardthinking approach to our global team, arming them with new skills and training to promote their success, and encouraging them to make a positive difference in their communities and society at large.
The Persistent
Way
Partnering for Future-Ready Solutions
Innovation for Resilience and Excellence
FY24 Awards & Analyst Recognitions
Client Resilience and Success
Persistent Foundation
Environmental, Social and Governance
Persistent
University
Our Future-Ready Global Workforce
FY24 Performance Highlights
Message from the Chairman
Dear Valued Shareowners,
I am delighted to share our 34th Annual Report for the Financial Year 2023-24. This was our first year as a billion-dollar enterprise, and as we move into our sixth orbit, I am glad to share that the team is geared up to continue our momentum as we march towards becoming a two-billion-dollar enterprise.
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Message from the CEO
Dear Valued Shareholders,
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34th Annual Report 2024
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This year was challenging as our clients, who were investing in their digital transformation for several years during the pandemic, turned their focus to cost optimisation. This tested our resilience. Thankfully, our global delivery business model allows us to provide an equally compelling proposition to our clients, whether they accelerate their roadmap or...
I am pleased to present the Annual Report for the Financial Year 2023-24. Our strong financial performance and growth highlight our resilience and 30+ years of storied heritage.
Reflecting on our first full year as a $1 billion company, I extend my gratitude to our clients for their trust, our global team for their dedication, and our investors for their unwavering support. For FY24, we achieved a 14.5% YoY growth with $1.186 billion in revenue. We are deeply humbled by our 16 quarters of sequential growth. We announced a total dividend of ₹52 per share (pre-split) for FY24, up from ₹50...
