Persistent Systems Q2 net up 12.4% at Rs 83 cr

Also, the revenue growth reached $118 million growing 12.3% quarter-on-quarter

Midcap IT company Persistent Systems posted 12.4 per cent year-on-year growth in profit at Rs 82.6 crore over Rs 73 crore a year ago, in line with street estimates. The company also recorded 8.1 per cent revenue growth at Rs 761 crore up from Rs 704 crore in Q2 last year, driven by higher digital services revenue.
 
“We are pleased with our performance this quarter; we have seen continued and steady growth in our revenues supported by improved margins. We see strong demand in data, digital and IoT, specifically in healthcare and financial services. Our methodology, Software 4.0 is