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Persistent Systems stocks: Buy Persistent Systems, target price Rs 4350: Axis Securities

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2023.

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Seeing deal wins in AI, GenAI space: Persistent

Seeing deal wins in AI, GenAI space: Persistent
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Persistent Systems likely to sustain growth momentum amid rising proportion of new business

Persistent’s fourth quarter numbers were a mixed bag. While revenue growth met the analysts’ expectations, the margin performance was below estimates. Revenue grew by 3.4% sequentially to $ 310.9 million for the quarter.

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Persistent Systems Q4 Results Live : profit rise by 25.37% YOY

Persistent Systems Q4 Results Live : Revenue increased by 14.91% YoY & profit increased by 25.37% YoY

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Stock Market Live Updates 23 April, 2024: Sensex, Nifty open on a firm note

Stock Market Live Updates 23 April, 2024: Sensex, Nifty open on a firm note
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Hot Stocks: Brokerages on RIL, Entero Healthcare, Natco Pharma and Persistent Systems

Brokerage Nomura upheld a neutral rating on Persistent Systems, while Investec continues to advocate a buy stance on Natco Pharma and has initiated a buy recommendation on Entero Healthcare. Conversely, CLSA has downgraded RIL to an outperform rating.

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Will prioritise growth over margins, can't worry about stock markets: Persistent Systems CEO

Persistent System’s stock price tumbled by over 10 percent on April 22, its biggest single-day decline since March 31, following its Q4 earnings and guidance on expecting flat FY25 margins.

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Persistent stock falls 10% on flat margin guidance

Persistent stock falls 10% on flat margin guidance
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Persistent Systems: Our aspiration is to make Persistent a $2 billion plus company in next three years: CEO

Persistent Systems CEO Sandeep Kalra discusses the company's growth strategy amidst challenging market conditions, focusing on leveraging investments in generative AI and sales/marketing to achieve margin growth goals in the upcoming years. Kalra says: "We want to grow in line with what we have done in the past from an outperformance perspective and that is what we are looking at. "

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Share Market Highlights 23rd April 2024: Sensex, Nifty hold steady; Sensex rises 89 points to 73,857, Nifty 50 rises 31.60 pts to 22368

Share Market Highlights 23rd April 2024: Sensex, Nifty hold steady; Sensex rises 89 points to 73,857, Nifty 50 rises 31.60 pts to 22368
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