persistent stock update: Persistent shows resilience on sustained business momentum
Persistent’s revenue grew by 3.2% in constant currency (cc) and by 3.1% in reported terms to $ 2,917.1 million from the previous quarter. Analysts had anticipated a 2.9% increase in cc terms. In rupee terms, revenue rose by 3.9% sequentially to Rs 2,411.7 crore. Net profit fell by 0.7% to Rs 263.2 crore adjusting for the one-time expenditure incurred in the prior quarter. Higher costs put pressure on profit and profitability.
Persistent Systems Persistent Stock Update Persistent Share Price Persistent Q2 Total Contract Value Persistent Q2 Stellar Revenue Growth Persistent Q2 Attrition Rate
Source: indiatimes.com