IT
Persistent Systems misses estimates, posts 39% profit growth, revenue up 22%
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Mid-tier IT services player 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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