IT Consulting & Software company Persistent Systems announced Q3FY24 results: Revenue in USD decreased by 3.0% QoQ to USD 300.55 million but increased by 13.7% YoY. Revenue in INR increased by 3.6% QoQ and increased 15.2% YoY to Rs 24,982.16 million. EBITDA margin was 17.7% and EBITDA increased 9.1% QoQ, with a YoY change of 10.0% to Rs 4,418.34 million. PBT margin was 15.6% and PBT increased 9.4% QoQ, with a YoY change of 20.6% to Rs 3,893.01 million. PAT margin was 11.5% and PAT increased 8.7% QoQ, with a YoY change of 20.2% to Rs 2,861.34 million. The Board of Directors declared an Interim Dividend of Rs 32 per share on the face value of Rs 10 each for FY24. In addition, the Board has recommended to the shareholders a resolution to split the face value of shares from Rs 10 per share to Rs 5 per share. Sandeep Kalra, Chief Executive Officer, and Executive Director, Persistent, “We are proud to announce the 15th sequential quarter of growth and a significant milestone of our first-ever quarter of $300M+ in revenue and $500M+ in TCV bookings. We are thankful for the ongoing trust and support of our valued clients and partners, which has led to our sustained growth. We are happy to declare an interim dividend of Rs 32 per share for FY24. Our Board has also recommended to the shareholders a resolution to split the face value of shares from Rs 10 per share to Rs 5 per share. We were recognized as the “Most Promising Company” of the Year at the 2023 CNBC-TV18 India Business Leader Awards, acknowledging our sustained momentum. We were also included in three prestigious capital market indices ? MSCI India Index, S&P; BSE 100, and S&P; BSE SENSEX Next 50, reflecting our strong fundamentals, client confidence, and competitive edge in the global technology services market. I am delighted to welcome Dhanashree Bhat as the Chief Operating Officer and Barath Narayanan as the Global BFSI and Europe Geo Head to support our ambitious growth plans. We remain fully committed to proactively delivering strategic business outcomes and maintaining operational rigor for our clients.” Result PDF