IT Consulting and software company Persistent Systems announced Q2FY24 results: Financial Results: - The company reported a 3.1% QoQ growth in revenue and a 14.1% YoY growth. - The revenue in INR was reported as Rs 24,116.70 million, with an EBITDA of Rs 4,051.62 million and a PAT of Rs 2,632.68 million. - The company's EBITDA margin percentage stood at 16.8%. Order Bookings: - Persistent Systems exceeded USD 475 million in Total Contract Value (TCV) for order bookings in Q2FY24. - The Annual Contract Value (ACV) for order bookings in Q2FY24 was reported at USD 315.9 million. Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems, said, "We are pleased to announce yet another quarter of strong revenue growth, fueled by client trust in our Digital Engineering and Enterprise Modernization capabilities. Our proactive approach and ability to adapt have enabled us to thrive in this uncertain macroeconomic environment leading to our highest-ever TCV with more than USD 475M in bookings in Q2FY24. Our recognition as a Challenger in the 2023 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services is a result of our continued focus and investment in deepening our hyperscaler capabilities. We remain steadfast in our endeavor to excel and are confident in our ability to build on this success. I am also extremely proud to share that we won the Golden Peacock Award for Excellence in Corporate Governance for 2023. This is an acknowledgment of our unwavering commitment to the highest standards of corporate governance". Result PDF