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Persistent Systems zooms 18%, hits 52-week high on strong June quarter nos

In US dollar terms, revenue grew 9.5 per cent YoY to $131.02 million. Sequentially, the numbers increased by 3.1 per cent.

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Revenue for the period stood at Rs 991.38 crore, up 19 per cent against Rs 832 crore in June 2019 quarter.

SI Reporter New Delhi
Shares of Persistent Systems surged as much as 18.3 per cent to hit a 52-week high of Rs 915 apiece on the BSE on Monday after the company reported a strong set of numbers for the quarter ended June 2020 (Q1FY20). 

At 09:33 am, the stock was trading 12 per cent higher at Rs 866.20 on the BSE against Friday's close of Rs 773.15. In comparison, the S&P BSE Information Technology index was trading over 1 per cent higher at 17,580 points while the benchmark S&P BSE Sensex was quoting 126 points or 0.33 per cent lower at 38,003 levels. 

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First Published: Jul 27 2020 | 9:57 AM IST

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