Mid-tier IT services company 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…
IT
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.
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