Persistent Systems has dipped 6% to Rs 530 after reporting 10.9% quarter-on-quarter (qoq) growth in consolidated net profit at Rs 49.51 crore for the third quarter ended December 31, 2012 (Q3). Analyst on an average had expected profit of Rs 51 crore from IT consulting and software firm.
“Total income from operation grew 1.8% to Rs 333 crore from Rs 327 crore over the preceding quarter,” the Pune-based Persistent Systems said in a statement.
Meanwhile, the board of directors has declared an interim dividend of Rs 6 per share for the current financial year 2012-13.
The stock opened at Rs 560 and touched low of Rs 521 on NSE. A combined 33,109 shares have changed hands on the counter so far on both the exchanges.
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