Conference Call with Persistent Systems Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Persistent Systems announced FY23 & Q4FY23 results: Consolidated FY23 vs FY22: Revenue of USD 1,035.98 million, as compared to USD 765.59 million (up 35.3% YoY) Revenue of Rs 83,505.92 million, as compared to Rs 57,107.46 million (up 46.2% YoY) EBITDA of Rs 15,191.25 million, as compared to Rs 9,581.71 million (up 58.5% YoY) PBT of Rs 12,408.52 million, as compared to Rs 9,242.79 million (up 34.3% YoY) PAT of Rs 9,210.93 million, as compared to Rs 6,903.86 million (up 33.4% YoY) Consolidated Q4FY23 vs Q4FY22: Revenue of USD 274.55 million, as compared to USD 217.32 million (up 26.3% YoY) Revenue of Rs 22,544.72 million, as compared to Rs 16,378.54 million (up 37.6% YoY) EBITDA of Rs 4,163.14 million, as compared to Rs 2,811.74 million (up 48.1% YoY) PBT of Rs 3,405.85 million, as compared to Rs 2,671.83 million (up 27.5% YoY) PAT of Rs 2,515.13 million, as compared to Rs 2,009.90 million (up 25.1% YoY) The board of directors recommended a final dividend of Rs 12 per share and a special dividend of Rs 10 per share on achieving USD 1 billion in annual revenue, on the face value of Rs 10 each. In January 2023, the board declared an interim dividend of Rs 28 per share, making the total dividend Rs 50 per share. The final dividend recommended by the board is subject to the approval of the members during the ensuing annual general meeting. Anand Deshpande, Founder, Chairman and Managing Director, Persistent: “Our team’s passion for innovation, relentless dedication to client success, and agility in changing economic environments have enabled us to achieve this significant moment in Persistent’s history. I’m incredibly thankful to our committed team, diverse client base, and the entire ecosystem that built Persistent from a small, Pune-based product engineering services provider to a multinational Enterprise Modernization and Digital Engineering powerhouse.” Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent: “Fiscal year 2023 was momentous for Persistent as we achieved several key milestones including attaining USD 1 billion in annual revenue and inclusion in three key indices of the National Stock Exchange of India including the Nifty IT index, among others. We have been nimble, proactive, and disciplined, allowing us to build a healthy booking pipeline and maintain a competitive advantage. We’re truly grateful to our clients, partners, investors, and team members for their unwavering trust. As we move to the next phase of growth, we will continue to strengthen our partner ecosystem, maintain operational rigor, and deepen our capabilities to scale our Digital Engineering expertise and drive business value for our clients.” Result PDF