Name: Latest research reports of Persistent Systems Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Persistent Systems Ltd.
Rating: 3
Author: ICICI Securities Limited

Superior execution, but valuations are full

Hold: Persistent Systems Ltd.

Recommendation Target

ICICI Securities Limited

Persistent Systems (Persistent) has reported strong revenue growth of 6.6% QoQ CC, 5.8% QoQ in US$ terms, above our estimate of 5% QoQ in US$ terms in Q2FY23.