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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 shares surge 10% in trade today

Persistent Systems witnessed a surge in shares following its robust Q3 FY24 performance, reflecting an 8.7% QoQ and 20.2% YoY surge in net profit to ₹286 crore. Additionally, revenue saw a 3.6% QoQ and 15.2% YoY improvement. ....

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