The Persistent Systems-Nagarro deal explained

In today’s Finshots, we break down Persistent Systems’ acquisition of Germany-based Nagarro, a deal that could make it India’s seventh-largest IT services firm.But here’s a quick sidenote before we begin.

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In FY26, for instance, Persistent’s revenue grew about 17%, while Nagarro managed only around 3% in CY25. Even if you look at the last three years, Persistent’s revenue has compounded at roughly 17% annually, compared to just 5% for Nagarro. Profitability tells a similar story.