ADVERTISEMENT
Persistent Systems Q4 Results Review: PL Capital Upgrades The Stock To 'Buy' After Recent Correction
As the stock has witnessed sharp correction in recent times; PL Capital upgrades rating to “Buy” from earlier “Accumulate” while largely maintaining its target price.
24 Apr 2025, 05:21 PM IST 
Persistent Systems' revenue performance (+4.5% QoQ) was tad below our estimates (+5.2% QoQ CC), while margins were fairly in line.
(Source: pexels)
The revenue performance (+4.5% QoQ) was tad below the brokerage's estimates (+5.2% QoQ CC), while margins were fairly in line. The momentum within Hi-Tech and BFSI accelerated in Q4, while Healthcare growth decelerated further. Healthcare growth is expected to deteriorate even further due to Medicaid funding cut and large deals assuming support phase in FY26.
