Persistent Systems Q2 net profit up 45% YoY to Rs 471 crore

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Synopsis

Revenue, which increased 23.5% y-o-y and 7.3% quarter-on-quarter (q-o-q) to Rs 3,580.7 crore, was supported by 30% y-o-y growth in its banking, financial services and insurance (BFSI) segment, and a 15.5% y-o-y expansion in the software, hi-tech and emerging industries verticals.

Image for Persistent Systems Q2 net profit up 45% YoY to Rs 471 crore
IT firm’s revenue rises 17.6% YoY to $406.2m
Mid-tier IT services company rel=”dofollow” href=”https://economictimes.indiatimes.com/persistent-systems-ltd/stocks/companyid-21519.cms” target=”_blank”>Persistent Systems on Tuesday reported a 45% year-on-year increase in its September-quarter net profit, surpassing analyst estimates. At Rs 471.4 crore, net profit was 10.9% higher…



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Persistent Systems Q2 net profit up 45% YoY to Rs 471 crore


Synopsis

Revenue, which increased 23.5% y-o-y and 7.3% quarter-on-quarter (q-o-q) to Rs 3,580.7 crore, was supported by 30% y-o-y growth in its banking, financial services and insurance (BFSI) segment, and a 15.5% y-o-y expansion in the software, hi-tech and emerging industries verticals.

Image for Persistent Systems Q2 net profit up 45% YoY to Rs 471 crore
IT firm’s revenue rises 17.6% YoY to $406.2m
Mid-tier IT services company rel=”dofollow” href=”https://economictimes.indiatimes.com/persistent-systems-ltd/stocks/companyid-21519.cms” target=”_blank”>Persistent Systems on Tuesday reported a 45% year-on-year increase in its September-quarter net profit, surpassing analyst estimates. At Rs 471.4 crore, net profit was 10.9% higher…



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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