Persistent Systems net profit rises 45.9% at Rs 176.4 crore in Q3

The company also announced the appointment of Avani Davda to Persistent's Board of Directors and continued to add executives to its leadership team

Mid-cap IT product and services player Persistent Systems reported net profit of Rs 176.4 crore for the third quarter of FY22, up 45.9 per cent year-on-year and 9.1 per cent sequentially.

Revenue at Rs 1,491.7 crore grew 38.7 per cent year-on-year and was up 10.4 per cent sequentially. Margins for the quarter came in at 16.8 per cent.

“This sustained momentum is a result of our strong capabilities in designing and engineering new digital experiences, revenue streams, and business models for our clients. As we progress on our growth journey, we will continue to enable our clients with differentiated digital