Persistent Systems Q3 Results: Profit Surges 8.7% In Seasonally Weak Quarter

Revenue of the Pune-based IT services firm rose 3.58% over the previous three months to Rs 2,498.21 crore in the quarter ended Dec. 31.

Data and analytics advisory by Persistent Systems (Source: company website)

Persistent Systems Ltd. has grown its top and bottom lines in a seasonally weak quarter for India’s $250 billion IT services industry and delivered on profitability as well.

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On Saturday, Persistent Systems’ shares rose 0.91% to Rs 7,933.20 apiece on the BSE even as the benchmark Sensex ended the day 0.36% lower at 71,423.65 points. The quarterly results were declared after market hours.

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Tushar Deep Singh
Tushar Deep Singh is a Mumbai-based business journalist reporting on India'... more
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