Persistent Systems misses estimates, posts 39% profit growth, revenue up 22%

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Mid-tier IT services player rel=”dofollow” href=”https://economictimes.indiatimes.com/persistent-systems-ltd/stocks/companyid-21519.cms” target=”_blank”>Persistent Systems reported an 38.7% year-over-year (YoY) rise, slightly lower than the previous two quarters, in net profit at Rs 424.9 crore for the first quarter from April to June of fiscal year 2026.

Sequentially, profit grew 7.4% largely helped by foreign exchange gains as against a loss in the March quarter.

Revenue, which increased 21.8% YoY and 2.8% quarter-on-quarter (QoQ) to Rs 3,335.9 crore, was supported by growth in its banking, financial services & insurance (BFSI) at 30.7% YoY, and software, hi-tech &…



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Persistent Systems misses estimates, posts 39% profit growth, revenue up 22%



Mid-tier IT services player rel=”dofollow” href=”https://economictimes.indiatimes.com/persistent-systems-ltd/stocks/companyid-21519.cms” target=”_blank”>Persistent Systems reported an 38.7% year-over-year (YoY) rise, slightly lower than the previous two quarters, in net profit at Rs 424.9 crore for the first quarter from April to June of fiscal year 2026.

Sequentially, profit grew 7.4% largely helped by foreign exchange gains as against a loss in the March quarter.

Revenue, which increased 21.8% YoY and 2.8% quarter-on-quarter (QoQ) to Rs 3,335.9 crore, was supported by growth in its banking, financial services & insurance (BFSI) at 30.7% YoY, and software, hi-tech &…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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