5675.0000 91.00 (1.63%)
NSE May 29, 2025 12:02 PM
Volume: 199.9K
 

5675.00
1.63%
Reliance Securities
With IP revenue and revenue from top client IBM showing a decline, Persistent Systems reported soft revenue in 2QFY17. It maintains expectations of US$50mn revenue contribution from IBM its largest client in FY17E. Thus, despite 2QFY17 being a soft quarter for revenue (partly led by lower IP revenue, which is notably a typical feature), 2HFY17E is likely to be stronger on both IP and IBM side. Key growth drivers Enterprise (+5.7% qoq), Digital (+7.5%) & Accelerite (+7.7%) recorded healthy growth in 2QFY17. Margin expansion was positive, led by lower visa cost, operational efficiency and one-time lower leave encashment charge; margins...
Persistent Systems Ltd.'s price crossed above 100Day SMA today
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