Persistent Systems reports net profit of Rs 77.48 crore

Image
Press Trust of India New Delhi
Last Updated : Jan 23 2016 | 6:48 PM IST
IT firm Persistent Systems today reported a net profit of Rs 77.48 crore for the third quarter ended December 31, 2015.
The company had reported a net profit of Rs 74.46 crore in the corresponding period of last fiscal, it said in a filing to BSE.
Total income from operations rose to Rs 592.07 crore for the reported period as compared to Rs 494.63 crore last fiscal.
"Our strategy continues to pay off. Our platform-based solutions and a robust partner ecosystem drives our strategy for enterprise digital transformation. Our acquisitions are strengthening our technology expertise, all helping fuel a record quarter for us," said Anand Deshpande, Managing Director and CEO, Persistent Systems.
The company also announced the appointment of Tom Kendra, based in the US, to its Board of Directors. Kendra recently retired from Dell's software group where he was Vice President and General Manager of the Systems Management business.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 23 2016 | 6:48 PM IST

Next Story