Persistent Systems Secures Strategic Services Deal Worth Over $650 Million from US Technology Leader

Persistent Systems Ltd has signed a 6.5-year strategic services agreement valued at more than $650 million with a leading global technology company headquartered in the United States. The long-term engagement marks one of the company's largest service contracts and is expected to strengthen its presence across North America, Europe, and the Asia-Pacific region.

The agreement covers end-to-end product engineering, cloud operations, Site Reliability Engineering (SRE), production support, and AI-driven enterprise solutions. Persistent Systems said the contract forms part of its regular business operations and does not involve any related-party transaction.

Persistent Systems Deal: Key Highlights

Particulars	Details
Company	Persistent Systems Ltd
Client	Global Technology Leader (US-based)
Contract Type	Strategic Services Agreement
Total Contract Value	More than $650 Million
Annual Contract Value	More than $125 Million
Contract Duration	6.5 Years
Nature of Business	International
Related Party Transaction	No

Scope of the Strategic Agreement

Under the multi-year engagement, Persistent Systems will provide a wide range of technology services aimed at supporting the client's enterprise software and cloud ecosystem.

The company will leverage its expertise in AI-powered digital engineering, cloud transformation, and software development to deliver customized enterprise solutions while managing critical cloud infrastructure and operations.

Services Included in the Agreement

Service Area	Scope
Product Development	Enterprise software engineering and product enhancement
Cloud Services	End-to-end cloud operations and management
Site Reliability Engineering (SRE)	Infrastructure reliability and performance optimization
Production Support	L2 support, incident and problem management
Performance Optimization	Continuous monitoring and operational efficiency
AI-Driven Solutions	Intelligent automation and enterprise transformation

Strategic Importance of the Deal

The agreement significantly expands Persistent Systems' long-term revenue visibility while reinforcing its position as a strategic digital transformation partner for large global enterprises.

By combining cloud expertise with AI-driven engineering platforms, the company aims to help the client accelerate product innovation, improve operational efficiency, and modernize enterprise software portfolios.

The engagement is also expected to strengthen Persistent Systems' footprint across key international markets, including North America, Europe, and Asia-Pacific.

Regulatory Disclosure

Persistent Systems disclosed the agreement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company confirmed:

• The agreement has been signed in the ordinary course of business.
• The client's identity remains confidential due to contractual obligations.
• The promoter group has no interest in the customer.
• The contract is not a related-party transaction.

Contract Details at a Glance

Parameter	Information
Client Location	United States
Agreement Type	Strategic Services
Contract Period	6.5 Years
Total Deal Size	$650 Million+
Annual Value	$125 Million+
Markets Covered	North America, Europe, Asia-Pacific
Focus Areas	Product Engineering, Cloud, AI, SRE & Managed Services

What This Means for Persistent Systems

Winning a contract of this scale highlights Persistent Systems' growing capabilities in enterprise digital transformation and cloud services.

Large, multi-year strategic engagements provide predictable revenue streams while strengthening relationships with global technology companies. The deal also reflects increasing enterprise demand for AI-enabled software development, managed cloud operations, and platform engineering services.

As businesses continue investing in artificial intelligence and cloud modernization, Persistent Systems remains well-positioned to benefit from long-term digital transformation spending.

Historical Stock Performance

Period	Return
1 Day	-1.77%
5 Days	-4.03%
1 Month	-2.59%
6 Months	-23.79%
1 Year	-20.40%
5 Years	+276.02%

Key Highlights

• Persistent Systems signs a $650 million+ strategic services agreement.
• Contract duration is 6.5 years.
• Annual contract value exceeds $125 million.
• Client is a US-based global technology leader.
• Services include product engineering, cloud operations, SRE, production support, and AI-driven solutions.
• The agreement expands the company's presence across North America, Europe, and Asia-Pacific.
• The contract is not a related-party transaction.

Conclusion

Persistent Systems' latest $650 million-plus strategic services agreement represents a major milestone in the company's global growth strategy. The long-term engagement strengthens its position in enterprise software engineering, cloud transformation, and AI-enabled managed services while providing strong revenue visibility over the next six and a half years. As global enterprises continue investing in digital transformation, the deal further reinforces Persistent Systems' reputation as a trusted technology partner for large-scale innovation programs.

How much is Persistent Systems' new contract worth?

Persistent Systems has secured a strategic services agreement valued at more than $650 million.

Who is the client?

The client is a global technology leader headquartered in the United States. The company's identity has not been disclosed due to confidentiality obligations.

What is the duration of the agreement?

The strategic services agreement will run for 6.5 years.

What services will Persistent Systems provide?

The company will deliver product development, cloud operations, Site Reliability Engineering (SRE), production support, incident management, performance optimization, and AI-driven enterprise solutions.

Is the agreement a related-party transaction?

No. Persistent Systems confirmed that the contract is part of its ordinary course of business and does not qualify as a related-party transaction.