Persistent Systems has posted 16% fall in its consolidated net profit of Rs 33.13 crore for the fourth quarter ended March 2011, compared with Rs 39.68 crore in the corresponding quarter of previous fiscal. Income from operations grew 24% to Rs 213 crore from Rs 172 crore a year ago.
The company has posted 24% drop in a standalone net profit at Rs 32.34 crore (Rs 42.32 crore) during the recently concluded quarter, the information technology consulting and software firm said in a filing to the stock exchange.
For the financial year ended March 2011, the company has reported 21% jump in its consolidated net profit at Rs 140 crore on y-o-y. Income from operations grew 29% at Rs 776 crore (Rs 601 crore) during the fiscal.
The board has recommended a final dividend of Rs 1.50 per share for the financial year 2010-11 taking total dividend recommended for the year is Rs 5.50 per share (Rs 2.50 per share for the previous year).
The share closed down 5% at Rs 389 on the National Stock Exchange (NSE).
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