5584.0000 -61.50 (-1.09%)
NSE May 28, 2025 15:31 PM
Volume: 237.4K
 

5584.00
-1.09%
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. is trading below its 100 day SMA of 5592.0
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