Persistent Systems Q3 Results updates, Persistent Systems is india’s eight biggest company in listed market. Persistent systems was started by 16 may 1990 and launched its mega IPO in 2010 with share price of 150.
Persistent systems provide cloud infrastructure, intelligent automation, enterprise integration, software product engineering,etc services to its clients. currently company have more 1000 clients annually.
In letter to BSE ” we wish to inform you that the meeting of the Board of Directors of Persistent Systems Limited (‘the Company’) is scheduled to be held on Tuesday, January 17, 2023, and will continue on Wednesday, January 18, 2023, at Pune, to consider inter alia, the following businesses:
1. The Audited Financial Results of the Company for the quarter and period ended December 31, 2022.
2. The Audited Financial Results of the Company and its subsidiaries for the quarter and period ended
December 31, 2022.
3. The payment of Interim Dividend, if any, for the Financial Year 2022-23. If the said Interim Dividend is approved by the Board of Directors, the Record Date for the payment of the same will be communicated to the Stock Exchanges separately.
Please note that the Board of Directors will consider the aforesaid business items on Wednesday, January 18, 2023.
The Company will hold an investor/analyst call post Board Meeting. The details of the said call will be intimated to the Stock Exchanges separately in due course followed by its publication on the Company’s website.
Infobeans Tech Q3 Results Date
Persistent Systems Q3 Results, Brokerage View
Persistent Systems is all set to report its December quarter results today. The company board would also consider paying interim dividend, if any. The IT major is expected to report over 30 per cent rise in year-on-year (YoY) profit on a 45 per cent jump in sales. Margin is expected to expand sequentially.
Investors would watch out for commentary on average contract value (ACV). They will also focus on any commentary on Hitech, which has been an area of weakness across the industry and account for a good part of revenue mix for Persistent Systems.
Sharekhan expect Persistent Systems to report a 46 per cent YoY rise in sales at Rs 2,179 crore compared with Rs 1,492 crore in the corresponding quarter last year. Emkay Global sees sales for Persistent Systems rising 44.8 per cent (5.4 per cent QoQ) to Rs 2,160 crore. It expects expect 2.7 per cent QoQ dollar revenue growth for Persistent Systems, with cross-currency headwinds of 30 basis points.
Persistent is expected to report strong CC revenue growth of 4.4 per cent QoQ, with no material impact of cross currency, Sharekhan said.
Axis Securities sees Persistent Systems’ December quarter profit at Rs 240 crore, up 36.40 per cent over Rs 176 crore in the same quarter last year. Sharekhan expect Persistent Systems to report a 40.90 per cent YoY surge in profit at Rs 248 crore.
Emkay Global sees profit for Persistent Systems jumping 33.7 per cent YoY (7.2 per cent QoQ) to Rs 235.80 crore.