Page 5 - Persistent Systems

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

Persistent Systems Q2 net profit jumps 58.6% to Rs 161.7 crore

Tech firm Persistent Systems on Tuesday reported a 58.6 per cent rise in consolidated net profit to Rs 161.7 crore for the September 2021 quarter. The company had registered a profit of Rs 101.9 crore in the year-ago period, it said in a statement. Revenue from operations increased 34.1 per cent to Rs 1,351.2 crore during the quarter under review as against Rs 1,007.7 crore a year ago, it added. In dollar terms, the company's revenue grew 34 per cent to USD 182.32 million during the quarter from USD 136.09 million in the same period last fiscal. We are delighted to share that Persistent ended the quarter on a record high note - once again delivering industry-leading performance, including year-over-year revenue growth of 34 per cent and continued margin improvement," Persistent Systems Chief Executive Officer and Executive Director Sandeep Kalra said. During the quarter, the company had announced the acquisition of Software Corporation International and Shree Partners, forming a n

Persistent Systems jumps 6% on acquiring SCI, Shree Infosoft

Through these acquisitions, Persistent is forming a new payments business unit and expanding its cloud capabilities

Persistent Systems to acquire SCI, Shree Infosoft for $60 million

IT firm Persistent Systems on Wednesday said its US subsidiary will acquire North Carolina-based Software Corporation International (SCI) and its affiliate, Fusion360 for $53 million

Persistent Systems makes strategic acquisitions, announces payments unit

SCI will help enhance Persistent's capabilities and will serve as the foundation of a dedicated Payments business unit.

Larsen & Toubro Infotech, Persistent: Mid-cap IT stocks that can rise 7-15%

stocks in the mid-tier IT segment have been buzzing and continue to see a good investor interest. Here is the lists of mid-cap IT stocks that look good on the charts

Persistent Systems hits record high; soars 16% in 2 days on strong Q1 show

The company expects to sustain the healthy growth momentum in the Services business, based on the robust deal intake and a healthy deal pipeline

IT firm Persistent Systems' Q1 net profit up 68% to Rs 151.2 crore

IT firm Persistent Systems on Thursday reported a 68 per cent jump in consolidated net profit to Rs 151.2 crore for the April-June quarter of this year.

Persistent Systems appoints Suresh Prabhu as chief delivery officer

He joins Persistent from Epicor Software, where he was responsible for the development and delivery of on-premise and software-as-a-service solutions

Persistent sees FY22 growth in double digit, aims to be $1-bn company

As part of the ambition of reaching $1 billion company, Persistent has also said that at that level Europe will be 15% of the revenue

Trading calls by Nilesh Jain of Anand Rathi: Sell Info Edge, M&M Financial

The momentum indicators and oscillators have turned negative for M&M Financial Services' shares, where MACD has provided fresh sell crossover on the daily chart

MARKET WRAP: Sensex ends 255 pts higher; financial, metal stocks advance

All that happened in the markets today

IT company Persistent Systems to acquire Palo Alto-based Capiot

IT firm Persistent Systems on Thursday said it will acquire Palo Alto-based Capiot.

Nifty could consolidate between 11,900 and 12,050 in short term: HDFC Sec

Previous top on the daily charts is placed at 11,794, which is likely to provide support to the index

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.

Advantage Infosys, HCL as India Inc unlikely to cut spending on IT products

Firms drawing higher revenue from software products and platforms have edge over peers

Nifty outlook and stock pick by Angel Broking: Buy Persistent, Lupin

Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

Persistent Systems plunges 16% on disappointing Q2 results

The stock plunged 16% to Rs 559, also its 52-week low on the BSE in early morning trade.

Persistent Systems reports 7% rise in net profit to Rs 880 mn in Q2

Total income of the company increased to Rs 8.58 million in the September quarter of 2018-19 as against Rs 7.94 billion in the year-ago period, it said in a regulatory filing

Persistent Q4 profit slips 20% QoQ on seasonal IP weakness

On a year on year basis the company saw revenue grow 3.5 per cent and profits grow by 1.3 per cent beating street estimates. Dollar revenue grew 7.3 per cent to $116.95 million in Q4