IT Consulting & Software company Persistent Systems announced Q1FY25 results: Financial Highlights: The company reported revenue of USD 328.2 million, with a margin percentage of 5.6%. This represents a QoQ increase of 5.6% and a YoY increase of 16.0%. In terms of Indian Rupees, the revenue stood at Rs 27,371.7 million, with a margin percentage of 5.7%. This marks a QoQ increase of 5.7% and a YoY increase of 17.9%. EBITDA were Rs 4,552.1 million, with a margin percentage of 16.6%. This reflects a QoQ increase of 0.2% and a YoY increase of 7.6%. The Profit Before Tax (PBT) amounted to Rs 4,005.4 million, with a margin percentage of 14.6%. This indicates a QoQ increase of 1.3% and a YoY increase of 30.4%. Profit After Tax (PAT) was Rs 3,064.2 million, with a margin percentage of 11.2%. This shows a QoQ decrease of 2.8% but a YoY increase of 33.9%. Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent: “I am pleased to announce our 17th consecutive quarter of revenue growth, underscoring our clients’ sustained trust and confidence in us. Our continued success is driven by resilience, innovation, and a strategic focus on future readiness. We have pivoted to an AI-led, platform-driven services approach, deepening our hyperscaler partnerships and developing a suite of innovative solutions. Recognizing our transformative digital solutions, ISG, the leading advisory firm, ranks us as a Leader for Digital Engineering services in the US and Europe 2024, for the second year in a row. Ms. Roshini Bakshi retired as an Independent Director from our Board after a decade. We thank her for her leadership and guidance. We are delighted to welcome Ms. Anjali Joshi as an Independent Director. Her vast expertise as a technology leader will enrich our Board and guide us on our growth journey.” Result PDF