NSE: PERSISTENT | BSE: 533179

Expensive Performer

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5670.00 23.00 (0.41%)

75.43% Gain from 52W Low

266.3K NSE+BSE Volume

NSE 21 May, 2025 3:53 PM (IST)

88,367

Market Cap

High in industry

1.2

Beta 1Year

High Volatility

Persistent Systems Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PERSISTENT, BSE:533179 Persistent Systems Ltd.

Persistent Systems Ltd.

12 Jul 2018

5670.00

0.41%

Persistent

Buy: Persistent Systems Ltd.

Dolat Capital

PSYS reported revenue growth of 5.4% YoY in FY18; software services revenue (contri. 74%) grew by 8.9% YoY in FY18 to ` 22.6bn compared to ` 20.7bn in the previous year, while IP led revenue which contributes 26% of the total revenue declined 3.6% YoY to ` 7,766mn compared to ` 8,060mn in FY17. Increase in earnings by 7% YoY to ` 40.4 during the...

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

25 Apr 2018

5670.00

0.41%

Persistent Systems (4QFY18): Recovery ahead. Maintain BUY

Buy: Persistent Systems Ltd.

Target

HDFC Securities

Maintain BUY with TP of Rs 840, at 16x FY20E EPS. Persistent posted rev decline (in-line) and margin contraction with lower IP revenue. Revenue stood at USD 117mn, -4.6%/+7.3% QoQ/YoY impacted by USD 6.8mn sequential decline in IP revenue (22.3% of 4Q rev). Services (46% of rev) and Digital (24% of rev) posted strong growth of 3.6% QoQ and 4.1% QoQ, respectively, while Accelerite (6% of rev) and Alliance business (24% of rev) declined.

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

25 Apr 2018

5670.00

0.41%

Persistent Systems

Buy: Persistent Systems Ltd.

Target

ICICI Securities Limited

US$ revenues declined 4.6% QoQ to $117 million, above our $115.4 million estimate. As anticipated, IP Led revenues declined 20.6% sequentially to $26.1 million (vs. our estimate of | 24.9 million) while...

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

25 Apr 2018

5670.00

0.41%

Persistent

Buy: Persistent Systems Ltd.

Target

Sharekhan

management's guidance of loss in IP revenue) for Q4FY2018. Revenue of PSL dropped by 4.6% q-o-q to $117 million in Q4FY2018 due to a $6.8 million (20.6% q-o-q) decline in IP revenue, higher than normal Q4 seasonality. The dip in IP revenue attributed to the 22% q-o-q drop in Alliance business (management noted this as a one-off event). IT services revenue increased by...

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

25 Apr 2018

5670.00

0.41%

Persistent - 4QFY18 Result Update

Buy: Persistent Systems Ltd.

Recommendation Target

Reliance Securities

IP Pressure As Expected, Margin Ahead Of Estimate As expected, Persistent Systems reported a steep fall in USD revenue in 4QFY18, led by a decline in IP business. Revenue declined 4.6% QoQ to US$117mn, marginally above our estimate. The IP business recorded a 20.6% QoQ revenue decline, with Alliances business the key pressure point, down 21.6% QoQ. This was on account of a steep revenue dip in its largest client (-26% QoQ), as internal issues and restructuring led to a higher-than-expected fall in spend of the client on the business initiatives addressed by Persistent. On the other hand, Accelerite revenue fell 9% QoQ, as Persistent continued to divest non-strategic products. The Digital and Services businesses...

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

24 Apr 2018

5670.00

0.41%

Persistent Systems: IP drags as expected; Margin beat

Buy: Persistent Systems Ltd.

Target

Motilal Oswal

PSYS reported weak revenue (-4.6% QoQ), which was as expected based on the update of IP revenue decline shared by the company toward the end of the quarter. EBITDA margin of 14.8% (-260bp QoQ), however, was above our estimate of 12.7% (-470bp QoQ), as IP decline was ~USD1m lower, headcount declined again and there were some write-backs for bonus provided for in the earlier quarters. The margin beat was offset by lower-than-expected other income, limiting the beat on PAT.

Persistent Systems Ltd. has gained 17.25% in the last 1 Month

Persistent Systems Ltd.

24 Apr 2018

5670.00

0.41%

Persistent Systems Ltd

Buy: Persistent Systems Ltd.

Rudra Shares and Stock Brokers Ltd

Co-creation business model in digital services will provide a better yield in FY19. Persistent had significant wins in NEURO (continuous risk-based authentication) on the back of its collaboration with USAA. The platform created with Partners HealthCare has already gained acceptance from its first user. The company added 19 new customers (two large customers in the healthcare and financial vertical each) during Q4. The management is looking at the future with optimism on the back of healthy deal pipelines, new customer additions, traction in the European region and reseller agreement with IBM, expansion into new markets and recoup of Alliance revenue . To add that, management noted that its FY2019 revenue growth is expected to exceed NASSCOM's revenue growth guidance (79%) for the industry....

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

03 Apr 2018

5670.00

0.41%

Persistent

Buy: Persistent Systems Ltd.

Recommendation Target

Sharekhan

Earnings to pick up in FY2019E: Management is hopeful that its co-creation business model in digital services will drive its revenue growth in FY2019. Further, traction in European region for its digital business, strong deal pipeline and additional revenue (PARX acquisition) will aid growth in FY2019. Management is hopeful for steady growth in both revenue streams (service...

Number of FII/FPI investors increased from 860 to 904 in Mar 2025 qtr.

Persistent Systems Ltd.

28 Mar 2018

5670.00

0.41%

Persistent Systems

Buy: Persistent Systems Ltd.

Target

ICICI Securities Limited

Persistent System (PSL) announced that its IP led revenues will decline by $8 million in Q4FY18E on account of seasonality and the volatile nature of the business. Consequently, we expect overall revenues to decline 5.8% QoQ to $115.4 million (mn) in Q4FY18E while its EBITDA margin may decline 370 bps sequentially to 13.6% given the sharp fall in high margin IP led revenues. Going ahead, PSL expect a strong pipeline of opportunities in FY19E and expects revenues growth to exceed Nasscom guidance. We now incorporate weakness in IP revenues resulting in a...

Persistent Systems Ltd. has gained 17.25% in the last 1 Month

Persistent Systems Ltd.

02 Feb 2018

5670.00

0.41%

Result Update:Persistent Sys

Buy: Persistent Systems Ltd.

Recommendation Target

Axis Direct

Persistent (PSYS) delivered a strong performance on all counts. Revenue at USD 122.5 mn (up 3.8% QoQ) was ahead of estimates (AxisCapE/ Cons.: USD 121 mn/ USD 123.4 mn) led by IP (IBM-IoT partnership) and Digital (9.2% QoQ).

Persistent Systems Ltd. is trading above all available SMAs

Is Persistent Systems Ltd. worth buying?

306 Votes:

Buy 77.45%

Sell 14.05%

Hold 8.5%

RESEARCH REPORTS

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