Latest News
-
1:10 Split, 5 Bonus, 70% Dividend: Crorepati Defene PSU Hits New High, 108605% Returns; BUY For Long Term -
Rs 55/Share Dividend Announced: Multibagger Refineries PSU Declares 72% Jump In Q4 Profit -
PayU Gets RBI's In-principle Nod To Operate As Payment Aggregator -
Rekha Jhunjhunwala Portfolio Stock Jubilant Ingrevia Hits Record High; More Upside Ahead? -
Gold Prices: 10 Grams Of 22-24 Carats Rise By Rs 9,500 To Rs 10,600 From 2024 Lows; Strategy For Buying -
JNK India IPO: Retail Investors Lead With Subscriptions On Day 2; GMP Hints Premium Listing; Check Status -
Rs 60 Dividend: Multibagger Small Cap Power Stock To Consider Dividend Again On May 2 -
40000% Returns In 10 Years: This Microcap Dividend Paying Multibagger Stock Acquires Square Port Shipyard -
Gold Prices India: 10 Grams Of 22K Yellow Metal Jumps After Falling By Rs 2000 -
New Safety Check System for Cooking Gas Connections Rolled Out Amidst Delivery Boy Grievances; Reports
Persistent Systems Surge 8% On Robust Q1 Earnings
Persistent Systems announced a 68 percent increase in consolidated net profit for the April-June quarter of this year, at Rs 151.2 crore. This quarter's increase was among the strongest in the company's history. Profits after tax were Rs 151.20 crore, up 9.8 percent sequentially and 68 percent year over year.
During early trading hours on Friday, Persistent Systems' stock hit a new 52-week high of Rs 3,080.85.
The total contract value (TCV) of orders booked for the quarter ending June 30, 2021 was $244.8 million, with an annual contract value of $188.83 million (ACV).
Persistent Systems helps firms implement and modernise their businesses by providing software engineering and strategy services. It features its own software and frameworks, as well as pre-built integration and acceleration capabilities. It's also worked with companies like Salesforce and Amazon Web Services.
Persistent has been named a Top 15 Sourcing Standout for Managed Services in the Global ISG IndexTM "Booming 15" Category for the fifth consecutive quarter.
Stock gained 236.34 percent over three years, compared to 50.8 percent for the Nifty Midcap 100. Annual sales growth of 16.16 percent surpassed the company's three-year CAGR of 10.75 percent. Persistent Systems Ltd., founded in 1990, is a Mid Cap business in the IT Software sector with a market capitalization of Rs 22,630.97 crore.
