[219 + Pages Research Study] According to a market research study published by Zion Market Research, the demand analysis of Global IT Security Consulting.
Even though Persisten Systems reported an in line quarterly numbers, brokerages are not upbeat about the stock. Motilal Oswal Financial Services has a neutral view on Persistent Systems while Nirmal Bang has a sell call on the stock.
The company also added that a special dividend is being recommended for achieving $1 billion in annual revenue and will be paid along with the final dividend.
In its preview research report, ICICI Direct analysts said that Q4 is seasonally weak for IT companies on account of fewer working days, some additional furloughs in January.