Persistent Systems Ltd. News and Updates

Name: Latest research reports of Persistent Systems Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: Persistent Systems Ltd.
Rating: 5
Author: Axis Direct

Keep track of all breaking news on Persistent Systems Ltd. from all sources in a single place.

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Persistent Systems Ltd.

12 Feb 2022

5132.00

-3.05%

Persistent Systems Analyst Call

Conference Call with Persistent Systems Management and Analysts. Listen to the full transcript.

Persistent Systems Ltd.

10 Feb 2022

5132.00

-3.05%

Persistent Systems to acquire Data Glove assets for $90.5 million

Moneycontrol

Through the deal, Persistent will acquire assets of Data Glove Inc, USA, with assets of its Indian subsidiary and affiliate entities based out of Australia, UK, Canada and Singapore.

Persistent Systems L.. has an average target of 5848.11 from 9 brokers.

Persistent Systems acquires US-based Data Glove for $90.5 million

Business Standard | 10 Feb 2022

Persistent Systems Ltd.

31 Jan 2022

5132.00

-3.05%

Buy Persistent Systems; target of Rs 4985: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Persistent Systems recommended buy rating on the stock with a target price of Rs 4985 in its research report dated January 24, 2022.

Persistent Systems L.. has an average target of 5848.11 from 9 brokers.

Persistent Systems Ltd.

28 Jan 2022

5132.00

-3.05%

Buy Persistent Systems; target of Rs 4970: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 4970 in its research report dated January 23, 2022.

Persistent Systems L.. has an average target of 5848.11 from 9 brokers.

Accumulate Persistent Systems; target of Rs 4576: KR Choksey

Moneycontrol | 27 Jan 2022

Persistent Systems Ltd.

24 Jan 2022

5132.00

-3.05%

Result Update:Persistent Sys

Buy: Persistent Systems Ltd.

Target

Axis Direct

We recommend a BUY rating on the stock and assign a 38x P/E multiple to its FY24E earnings of Rs 126.8/share to arrive at a TP of Rs 4,820/share, indicating an upside potential of 12% from CMP.

Number of FII/FPI investors increased from 904 to 993 in Jun 2025 qtr.

Persistent Systems Ltd.

24 Jan 2022

5132.00

-3.05%

EARNINGS UPDATE- PERSISTENT SYSTEMS LTD 3QFY22

Buy: Persistent Systems Ltd.

Target

Chola Wealth Direct

Background: Persistent Systems is one of the leading outsourced product development (OPD) companies in India. Revenue from business offering mix: Services (86.7%) & IP led business (13.3%). The company's business is spread across North America (79.2%), Europe (8.3%), and RoW (12.5%).Company earns revenue from global delivery centers (31.4%), India (55.3%) and IP Led (13.3%). Total active clients stood at 1000+ including services and IP led business. Company's top...

Number of FII/FPI investors increased from 904 to 993 in Jun 2025 qtr.

Persistent Systems Ltd.

24 Jan 2022

5132.00

-3.05%

Persistent Systems

Buy: Persistent Systems Ltd.

Target

ICICI Securities Limited

...

Number of FII/FPI investors increased from 904 to 993 in Jun 2025 qtr.

Persistent Systems Ltd.

23 Jan 2022

5132.00

-3.05%

PERSISTENT SYSTEMS

Buy: Persistent Systems Ltd.

Target

Prabhudas Lilladhar

Strong revenue growth momentum over past three quarters led to 33% YoY growth in 9MFY22. We believe this momentum can sustain given 1) strong deal TCV of $334.3 mn, +18% QoQ,11% YoY with 47% net new wins and TTM TCV now at $1.108 bn, 2) strong deal ACV of $291.3 mn, +45% QoQ, 14% YoY with 44% net new wins and TTM ACV now at $881.9 mn and TTM book-to-bill ratio of 1.26x, 3) strong headcount addition with total headcount up 37% YoY....

Persistent Systems Ltd. is trading below all available SMAs

Persistent Systems Ltd.

22 Jan 2022

5132.00

-3.05%

Growth continues to be strong, but valuations remain steep

Neutral: Persistent Systems Ltd.

Target

Motilal Oswal

Persistent Systems (PSYS) reported a strong 3QFY22, with revenue growth (USD) of 9.2% QoQ (120bp above our estimates; 6.7% QoQ organic) and 16.8% EBITDA margin (est. 16.1%). It reported a TCV of USD334m (+18% QoQ), with 47% new business TCV. While seasonal strength in IP business aided 3Q growth, the continued good performance of its Services (+5.4% QoQ organic growth) on a base of double-digit sequential growth in last two quarters denotes the momentum in PSYS' client mining. Moreover, PSYS continues to...