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

Persistent

Buy: Persistent Systems Ltd.

Target

Kotak Securities

Revenue growth in US$ term remains lower than our expectation. Persistent's Q4FY19 consolidated revenue decreased by 2% qoq in US$ terms to US$ 118 mn (vs expectation of US$ 121 mn) led by 15% qoq decrease in IP revenue (partly due to seasonality factor and partly due to lower revenue from top clients). Going forward, the company indicated that...