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
Conference Call with Persistent Systems Ltd. Management and Analysts on Q4FY24 Performance and Outlook. Read the full earnings transcript. Management in attendance: Sandeep Kalra and senior team