Persistent Systems' net up 17.3% to Rs 71 crore

Net profit, on sequential basis grew 3.5% from Rs 68.8 cr and revenue was up 6.7%

Pune-based IT product and solutions firm Persistent Systems reported net profit of Rs  71.31 crore for the second quarter ended September 30, 2014 up 17.3 per cent on a year-on-year basis.

Revenue for the quarter grew 11.5 per cent at Rs  464.17 crore for the quarter.  On sequential basis (compared to trailing quarter), net profit grew 3.5 per cent from Rs  68.8 crore and revenue was up 6.7 per cent from Rs  434.9 crore.

“Enterprise digital transformation represents both an urgent imperative and a great opportunity for our customers. We continue to strengthen our partner ecosystem spanning an array of platforms and technologies to drive this digital transformation.  These include many of the established industry leaders as well as new companies developing visionary and disruptive solutions,” said Anand Deshpande, Chairman and Managing Director, Persistent Systems.