• SENSEX  
    ( -0.44%)
  • USDINR  
    ( -0.20%)
  • GOLD  
    ( 0.04%)
  • Hot Pursuit - Detailed News
Persistent Systems advances as QoQ PAT grows 2.16%
31-Jan-20   11:36 Hrs IST

Consolidated net profit fell 4.1% to Rs 87.93 crore on a 6.8% rise in net sales to Rs 922.73 crore in Q3 December 2019 over Q3 December 2018. The Q3 result was declared after trading hours yesterday, 30 January 2020.

Consolidated profit before tax declined 1.36% to Rs 113.98 crore in Q3 December 2019 as against Rs 115.56 crore in Q2 September 2019. Tax expense, during the quarter, jumped 37.20% to Rs 39.57 crore as compared to Rs 28.84 crore in Q2 September 2019. Tax expense during the quarter fell 8.33% from Rs 93.59 crore in corresponding quarter last year.

Consolidated EBITDA grew 1.5% to Rs 123.43 crore in Q3 December 2019 over Q2 September 2019.

The board has approved the payment of interim dividend of Rs 9 per equity share for the financial year 2019-20. The record date is on Friday, 7 February 2020.

Commenting on the Q3 results, Christopher O'Connor, the CEO & executive director of Persistent Systems, has said that, “This quarter, we saw the validation of our new go-to-market approach, starting in BFSI with our largest deal of the quarter. By designing and delivering a composable digital mosaic for all of our industry and technology categories, we accelerate time to value for our clients and increase business agility.”

“At its core, this strategy combines Persistent's deep industry and solution expertise with a flexible, open partner ecosystem, tailored to each client. Our unique boutique-at-scale approach and capabilities radically reduce two core challenges organizations face in transforming into a modern digital enterprise; complexity of choice and integration,” he added.

Sandeep Kalra, the executive director & president of Technology Services Unit in Persistent Systems, has said that, “In Technology Services Unit (TSU), we saw a secular growth across BFSI, Healthcare & Life Sciences and ISVs as well as uniformed growth across our top 20 customers.”

Persistent Systems is engaged in the business of building software products. The firm offers complete product life cycle services. The company's segments include infrastructure and systems, telecom and wireless, life science and healthcare, and financial services.

Shares of the IT services provider rose 3.19% to Rs 709.55. It hit an intraday high of Rs 715.15 and an intraday low of Rs 691.80.

Powered by Capital Market - Live News

Useful Links

Back to Top
Attention Investors
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day.............issued in the interest of investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account                                    "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Investors should be cautious of unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.BSE   http://www.bseindia.com/investors/tip-off-registration.aspx?expandable  NSE   https://www.nseindia.com/int_invest/dynacontent/any_portal.htm
All payments to Stock Broker shall be received from the market intermediaries/participants strictly by account payee crossed cheques / demand drafts or by way of direct credit into the bank account through electronic fund transfer, or any other mode permitted by the Reserve Bank of India. Stock Brokers shall not accept cash from their clients either directly or by way of cash deposit to the Bank Account of Stock Broker.
Group Companies Members of : BSE, NSE, MCX, MCX.SX, CDSL, NCDEX, Broking Services, Depository Services, Portfolio Management Services, Member Area IPO Distribution, Insurance Broking
BSE Clearing No.: 911 | SEBI Regn. No.: INZ000177531 (Cash/F&O) | NSE Clearing No.: 11858 | SEBI Regn. No. INZ000177531 (Cash/F&O/CDs) | MCX-SX Clearing No.: 11400 | SEBI Regn. No.: INZ000177531 (CDs) | CDSL DP ID: 30300 | SEBI Regn. No.: IN-DPCDSL-210-2003 | MCX SEBI Reg No.: INZ000032336 | MCX: 10665 | NCDEX: 00254 | NBFC RBI Regn. No.: 13.01851
© Copyright 2018 Ajmera Associates Ltd ( ISO 9001:2015 Certified )
Designed, Developed and Powered By CMOTS Infotech ( ISO 9001:2015 Certified )
Open An Account Today !