Persistent Systems News and Updates

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

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

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Persistent Systems Ltd.

22 Oct 2024

5643.00

-0.25%

Good Q2, Maintain Buy

Buy: Persistent Systems Ltd.

Sharekhan

Company reported $345.5 million in revenues, up 5.1% q-o-q in CC terms beating our estimates of $342 million. EBIT margins were flat q-o-q at 14% slightly beating our estimates of 13.9%. The company’s total TCVs stood at $529 million, up14% q-o-q/10%y-o-y.

Persistent Systems has gained 20.75% in the last 6 Months

Persistent Systems Ltd.

22 Oct 2024

5643.00

-0.25%

Persistent Systems (NOT RATED): Strong quarter both on revenue and margins

Not Rated: Persistent Systems Ltd.

BOB Capital Markets Ltd.

Met revenue estimate. But a beat on EBIT margin. Strong 1H and ACV should mean high teen revenue growth with flat EBIT margin vs FY24

Persistent Systems has gained 20.75% in the last 6 Months

Persistent Systems Ltd.

18 Oct 2024

5643.00

-0.25%

Persistent Systems launches AI platform for software development, stocks dip

Business Line

SASVA 2.0 expands upon the original version launched earlier this year and offers features including project assessment tools, AI-assisted coding, and automated bug fixing

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

09 Oct 2024

5643.00

-0.25%

Persistent Systems achieves carbon neutrality ahead of schedule

Business Line

Globally, 39 per cent of Persistent Systems' energy consumption now comes from renewable sources, with India leading the way at 44 per cent

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

11 Sep 2024

5643.00

-0.25%

Broker's call: Persistent Systems (Buy)

Business Line

JM Financial

Persistent Systems L.. has an average target of 5741.56 from 9 brokers.

Persistent Systems hits new high on buying SoHo Dragon assets worth $4.7 mn

Business Standard | 11 Sep 2024

Persistent Systems Ltd.

09 Sep 2024

5643.00

-0.25%

Persistent Systems - Worries On Margins To Recede: Motilal Oswal

NDTV Profit

The brokerage estimates an 18% USD revenue compound annual growth rate for the company over FY24-FY27, which, combined with margin expansion, could result in a ~21%+ earnings per share CAGR.

Persistent Systems has gained 20.75% in the last 6 Months

Persistent Systems Ltd.

09 Sep 2024

5643.00

-0.25%

Poised for another top Quartile performance

Buy: Persistent Systems Ltd.

Target

Sharekhan

We interacted with the management of Persistent Systems Limited (Persistent) to understand the business strategy and growth prospects of the company. The company is aspiring to achieve the USD2 billion revenue milestone, aided by its diversified product engineering and IT service offering.

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

06 Sep 2024

5643.00

-0.25%

Worries on margins to recede

Buy: Persistent Systems Ltd.

Motilal Oswal

PSYS is targeting a revenue of USD2b by FY27, and the management is optimistic about achieving this target despite a challenging business environment. The company is implementing strict cost management strategies and has visible margin levers such as SG&A, offshoring and pyramid.