Persistent Systems posts subdued Q2FY17
DSIJ Intelligence / 24 Oct 2016
Persistent Systems has declared its Q2FY17 results on Saturday. The company’s revenue has increased by 0.3 per cent to Rs 704 crore in Q2FY17 as compared to previous quarter.
Persistent Systems has declared its Q2FY17 results on Saturday. The company’s revenue has increased by 0.3 per cent to Rs 704 crore in Q2FY17 as compared to previous quarter. Its EBITDA too has risen by 4.8 percent to Rs 111 crore in Q2FY17 on a quarterly basis. Persistent Systems’ PAT also has increased by 0.3 per cent to Rs 73.49 per cent in Q2FY17 as compared to previous quarter.
On the half yearly front, Persistent Systems’ top line has increased by 34.8 per cent to Rs 1406 crore in H1FY17 as compared to same period in previous fiscal. The company’s EBITDA too has risen by 9 per cent to Rs 217 crore in H1FY17 on a yearly basis. Its PAT also has increased by 5.5 per cent to Rs 147 crore in H1FY17 as compared to same period in previous financial year.
During Q2FY17, Persistent Systems has developed an application and API architecture for actionable insights and to bring speed to digital transformation for a global mass media corporation. The company has formed a strategic partnership with a US based leader in financial software and services, which positions Persistent amongst its top three strategic partners.
The share price of Persistent Systems has declined by 3.21 per cent on bourses in early trades; and is trading at Rs 660.9 on an intraday basis.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.