Persistent Systems Ltd News

IT sector Q1FY27 review: Tier-2 firms lead revenue growth amid soft demand

IT Q1FY27 review: As per MOFSL, revenue growth in Q1 was led by Tier-2 pack IT services companies. Tier-1 players grew 0.4 per cent Q-o-Q CC, while Tier-2 players outperformed with 1.8 per cent growth

Persistent Systems upbeat on banking, insurance to drive growth: CEO

Strong deal wins across the US and Europe are expected to offset weakness in parts of the healthcare business, while the Nagarro acquisition will strengthen its Europe presence.

Persistent Systems Q1FY27 result: Profit rises 13.7% to ₹483 crore

IT firm Persistent Systems has reported a 13.67 per cent increase in consolidated net profit to Rs 483.04 crore in the April-June quarter. The company had posted a net profit of Rs 424.93 crore in the year-ago period. Persistent Systems' revenue from operations rose 29 per cent to Rs 4303.22 crore in Q1 FY27, as compared to Rs 3,333.58 crore in Q1 FY26. Seen sequentially, profit fell 8.7 per cent on account of forex losses, while revenue grew 6 per cent. "This performance was underpinned by a record quarterly Total Contract Value (TCV) of USD 1.15 billion, reflecting continued momentum in larger client engagements, including a 6.5-year strategic services agreement with a leading global technology company with a TCV of more than USD 650 million," Persistent Chief Executive Officer and Executive Director Sandeep Kalra said. The Software, Hi-Tech and Emerging Industries vertical remained the largest revenue contributor at 40.7 per cent, recording a year-on-year growth of 15.7 per ...

Nifty IT slips 4%; Persistent, Mphasis plunge 5%; why are tech stocks down?

Technology stocks witnessed some profit-taking on Friday following a 19% rally in the Nifty IT index this July.

Coforge soars 7%, Nifty IT index jumps 3%; what's driving the rally?

Thus far in the month of July, the Nifty IT index rallied 15 per cent, as compared to 0.6 per cent rise in the Nifty 50.

Nifty IT index gains 3.5% on Friday as TCS jumps 4% post Q1FY27 results

At 09:38 AM on Friday, the Nifty IT index was the top gainer among sectoral indices, up 1.8 per cent, as compared to a 1 per cent rise in the Nifty 50.

Nifty IT index up 3%; Infosys, Tech Mahindra, LTM, Persistent gain 4%

In the past four trading days, IT index outperformed the market by soaring 9 per cent, as against a 2 per cent gain in the Nifty 50.

TCS to Infosys: 9 out of 10 Nifty IT stocks trade up to 27% below 200-DMA

The Nifty IT currently quotes around 20 per cent below its 200-DMA. TCS, Infosys, Wipro and HCL Technologies are down in the range of 21-26 per cent form respective 200-DMAs.

Nifty IT index rebounds, up 4% after 4-day fall; Infy, TCS surge up to 5%

In the past 20 trading days, the Nifty IT index tanked 17 per cent, as against a 2.2 per cent rise in the Nifty 50 till Wednesday.

AI, uncertain macros, volatile geopolitics may cloud IT earnings

Analysts expect another subdued quarter for IT services companies as macroeconomic uncertainty, delayed deal conversions and AI-led pricing pressures weigh on growth and margins

Nagarro can reach our growth rate in 6-12 qtrs: Persistent CEO Kalra

Persistent CEO Sandeep Kalra says Nagarro can match the company's growth rate within 6-12 quarters as integration, cross-selling and capability expansion gather pace

Persistent faces growth, execution worries with Nagarro acquisition

The Nagarro acquisition expands Persistent's global footprint but raises concerns over slower growth, integration challenges and execution risks amid a steep acquisition premium

Persistent crashes 9%, hits 52-week low; what's making Street nervous?

Persistent announced the acquisition of German digital engineering firm Nagarro SE through a voluntary public takeover offer at €81/share in cash, implying an EV of €1.27 billion.

Persistent to buy German digital engg firm Nagarro, expand Europe presence

The all-cash acquisition, backed by Nagarro's largest shareholder, will expand Persistent's European presence and is expected to take combined annual revenue to about $2.9 billion

Nifty IT index slips 2%; TCS, Infosys, HCL Tech, LTM, Wipro down up to 3%

In the past three weeks, the Nifty IT index tanked 13 per cent, as against 2 per cent rise in the Nifty 50.

IT shares trade weak; Infy, TCS, HCL Tech, Wipro slip up to 2%; here's why

Fed decision, weak US cues: At 10:18 AM on Thursday, the Nifty IT index was the top sectoral loser, down 1 per cent, as against a 0.10 per cent rise in the Nifty 50.

Nifty IT snaps 3-day rally, tumbles 6%; TCS, LTM tank up to 9%; here's why

IT stocks witnessed heavy selling pressure on Wednesday tracking overnight losses in technology shares in the US market. Indian ADRs cracked up to 8%.

Nifty IT extends winning streak to 3rd day, up 3%; TCS, Infosys lead gains

In the past three sessions, the Nifty IT index has climbed as much as 6 per cent, while the Nifty index has declined 2.50 per cent.

Stocks to buy today: LT Foods, Torrent Power, Persistent Systems

Anand James of Geojit Investments has recommended three stocks to buy today - LT Foods, Torrent Power, and Persistent Systems.

SaaSpocalypse unlikely as guidance, EPS robust despite AI fears: CLSA

CLSA found that most SaaS companies have either maintained or increased their revenue and margin guidance for the upcoming fiscal year and beaten consensus EPS