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Persistent Systems Ltd.
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About Persistent Systems
Software, services, and cutting-edge technology are the focus of Persistent Systems Limited, a multinational corporation. The business provides support for all stages of a product's development. Our ability to deal with a wide variety of clients and to create, update, and deploy custom software products is made possible by the fact that the firm provides services throughout the product life cycle.
Deloitte Touche Tohmatsu named the firm one of the top 500 technology companies in the Asia Pacific region in 2009. The firm started on May 30, 1990, as Persistent Systems Private Limited, but on September 17, 2007, it became public and changed its name to Persistent Systems Limited.
The corporation specializes in three main areas: telecommunications, life sciences, and infrastructure and systems, which it knows well. The corporation has invested in cutting-edge cloud computing, data analytics, corporate collaboration, and mobile access frameworks.
During the 1998–1999 fiscal years, business got underway in Panini's newly acquired facilities in Pune, India. At the turn of the millennium, Bhageerath established its wholly-owned subsidiary, Persistent Systems Inc., and began doing business out of its state-of-the-art facilities in Pune, India, located at the Bhageerath complex, which it had just purchased.
The firm established a second location in Edinburgh, Scotland, United Kingdom, in 2003–2004. We opened a Tokyo, Japan, office in 2004–2005. In 2005-2006, the firm purchased Control Net (India) Private Limited and moved its activities to Pingala-newly Aryabhata's purchased facilities in Pune, India. After establishing a partnership with Metrikus (India) Private Limited Hyderabad via an asset purchase and sale agreement in 2007–2008, our firm opened a branch in Hyderabad the same year. The firm also launched a wholly owned subsidiary in Singapore called Persistent Systems Pte Ltd in the same year its Rotterdam headquarters opened.
In the fiscal year 2008–2009, the parent firm established a branch office in Quebec, Canada, and a wholly-owned subsidiary in Pune, India, both of which are called Persistent Systems and Solutions Limited. The DIN EN ISO 9001:2008 accreditation was earned by the company's ChemLMS Product software design, development, testing, support, and improvement services during the 2009-2010 fiscal year.
In February 2014, the company's wholly-owned subsidiary, Persistent Systems Inc. (PSI), acquired CloudSquads Inc. through a stock transaction. Twenty people make up CloudSquads, which has its headquarters in Silicon Valley and a development office in Pune.
CloudSquads Inc. develops, integrates, and manages social communities on Salesforce, Lithium, and Jive, the three most popular business social platforms. The skillsets of CloudSquads are an excellent match for Companies in software product development. Expertise in advising for enterprises is an area where CloudSquads excels.
This area complements the Company's collaborative business, allowing it to serve better its current and potential base of ISV and corporate customers. They also have proprietary information about social media integration.
As a part of its expansion goal to diversify its revenue streams and better serve its international client base, Persistent Systems has opened new offices in Germany and South Africa. Do you want to know about Persistent Systems Shares? Click Here to know about today’s Persistent Systems Share Price.
Deloitte Touche Tohmatsu named the firm one of the top 500 technology companies in the Asia Pacific region in 2009. The firm started on May 30, 1990, as Persistent Systems Private Limited, but on September 17, 2007, it became public and changed its name to Persistent Systems Limited.
The corporation specializes in three main areas: telecommunications, life sciences, and infrastructure and systems, which it knows well. The corporation has invested in cutting-edge cloud computing, data analytics, corporate collaboration, and mobile access frameworks.
During the 1998–1999 fiscal years, business got underway in Panini's newly acquired facilities in Pune, India. At the turn of the millennium, Bhageerath established its wholly-owned subsidiary, Persistent Systems Inc., and began doing business out of its state-of-the-art facilities in Pune, India, located at the Bhageerath complex, which it had just purchased.
The firm established a second location in Edinburgh, Scotland, United Kingdom, in 2003–2004. We opened a Tokyo, Japan, office in 2004–2005. In 2005-2006, the firm purchased Control Net (India) Private Limited and moved its activities to Pingala-newly Aryabhata's purchased facilities in Pune, India. After establishing a partnership with Metrikus (India) Private Limited Hyderabad via an asset purchase and sale agreement in 2007–2008, our firm opened a branch in Hyderabad the same year. The firm also launched a wholly owned subsidiary in Singapore called Persistent Systems Pte Ltd in the same year its Rotterdam headquarters opened.
In the fiscal year 2008–2009, the parent firm established a branch office in Quebec, Canada, and a wholly-owned subsidiary in Pune, India, both of which are called Persistent Systems and Solutions Limited. The DIN EN ISO 9001:2008 accreditation was earned by the company's ChemLMS Product software design, development, testing, support, and improvement services during the 2009-2010 fiscal year.
In February 2014, the company's wholly-owned subsidiary, Persistent Systems Inc. (PSI), acquired CloudSquads Inc. through a stock transaction. Twenty people make up CloudSquads, which has its headquarters in Silicon Valley and a development office in Pune.
CloudSquads Inc. develops, integrates, and manages social communities on Salesforce, Lithium, and Jive, the three most popular business social platforms. The skillsets of CloudSquads are an excellent match for Companies in software product development. Expertise in advising for enterprises is an area where CloudSquads excels.
This area complements the Company's collaborative business, allowing it to serve better its current and potential base of ISV and corporate customers. They also have proprietary information about social media integration.
As a part of its expansion goal to diversify its revenue streams and better serve its international client base, Persistent Systems has opened new offices in Germany and South Africa. Do you want to know about Persistent Systems Shares? Click Here to know about today’s Persistent Systems Share Price.
Fundamentals of Persistent Systems Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 33053.81 Cr |
0.00 |
0.00 |
188.01 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
22.69 % |
89.74 |
0.00 % |
497.96 |
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What is the Market Cap of Persistent Systems Ltd. shares?
As of 27 Mar`23 the Market Cap of Persistent Systems Ltd. is 33053.81.
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As of 27 Mar`23 the PE is 0.00 and PB is 0.00.
Persistent Systems - Quaterly Results
Publish Date: 19/10/2022
The sales figure stood at Rs. 12247.66 millions for the September 2022 quarter. The mentioned figure indicates a growth of about 44.60% as compared to Rs. 8469.85 millions during the year-ago period.Modest increase of 14.90% in the Net Profit was reported from. 1523.95 millions to Rs. 1751.05 millions.Operating profit for the quarter ended September 2022 rose to 2694.14 millions as compared to 2293.88 millions of corresponding quarter ended September 2021.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 12247.66 | 8469.85 | 44.60 | 23268.42 | 16118.19 | 44.36 | 35754.80 | 24796.08 | 44.20 |
| Other Income | 107.16 | 281.65 | -61.95 | 344.93 | 626.33 | -44.93 | 1324.57 | 1176.16 | 12.62 |
| PBIDT | 2694.14 | 2293.88 | 17.45 | 5309.49 | 4684.96 | 13.33 | 10026.96 | 7285.20 | 37.63 |
| Interest | 29.32 | 17.19 | 70.56 | 49.18 | 35.69 | 37.80 | 68.78 | 38.21 | 80.01 |
| PBDT | 2664.82 | 2276.69 | 17.05 | 5260.31 | 4649.27 | 13.14 | 9958.18 | 7246.99 | 37.41 |
| Depreciation | 332.24 | 197.79 | 67.98 | 616.77 | 360.50 | 71.09 | 837.57 | 566.79 | 47.77 |
| PBT | 2332.58 | 2078.90 | 12.20 | 4643.54 | 4288.77 | 8.27 | 9120.61 | 6680.20 | 36.53 |
| TAX | 581.53 | 554.95 | 4.79 | 1143.70 | 1103.87 | 3.61 | 2261.95 | 1629.34 | 38.83 |
| Deferred Tax | -22.19 | 36.12 | -161.43 | -72.26 | 47.82 | -251.11 | 11.86 | -57.40 | -120.66 |
| PAT | 1751.05 | 1523.95 | 14.90 | 3499.84 | 3184.90 | 9.89 | 6858.66 | 5050.86 | 35.79 |
| Equity | 764.25 | 764.25 | 0.00 | 764.25 | 764.25 | 0.00 | 764.25 | 764.25 | 0.00 |
| PBIDTM(%) | 22.00 | 27.08 | -18.78 | 22.82 | 29.07 | -21.50 | 28.04 | 29.38 | -4.55 |
Persistent Systems - Quaterly Results
Publish Date: 19/10/2022
The sales figure stood at Rs. 12247.66 millions for the September 2022 quarter. The mentioned figure indicates a growth of about 44.60% as compared to Rs. 8469.85 millions during the year-ago period.Net profit stood at Rs. 1751.05 millions compared to Rs. 1523.95 millions in the corresponding previous quarter,high by 14.90%.Operating profit for the quarter ended September 2022 rose to 2694.14 millions as compared to 2293.88 millions of corresponding quarter ended September 2021.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 12247.66 | 8469.85 | 44.60 | 23268.42 | 16118.19 | 44.36 | 35754.80 | 24796.08 | 44.20 |
| Other Income | 107.16 | 281.65 | -61.95 | 344.93 | 626.33 | -44.93 | 1324.57 | 1176.16 | 12.62 |
| PBIDT | 2694.14 | 2293.88 | 17.45 | 5309.49 | 4684.96 | 13.33 | 10026.96 | 7285.20 | 37.63 |
| Interest | 29.32 | 17.19 | 70.56 | 49.18 | 35.69 | 37.80 | 68.78 | 38.21 | 80.01 |
| PBDT | 2664.82 | 2276.69 | 17.05 | 5260.31 | 4649.27 | 13.14 | 9958.18 | 7246.99 | 37.41 |
| Depreciation | 332.24 | 197.79 | 67.98 | 616.77 | 360.50 | 71.09 | 837.57 | 566.79 | 47.77 |
| PBT | 2332.58 | 2078.90 | 12.20 | 4643.54 | 4288.77 | 8.27 | 9120.61 | 6680.20 | 36.53 |
| TAX | 581.53 | 554.95 | 4.79 | 1143.70 | 1103.87 | 3.61 | 2261.95 | 1629.34 | 38.83 |
| Deferred Tax | -22.19 | 36.12 | -161.43 | -72.26 | 47.82 | -251.11 | 11.86 | -57.40 | -120.66 |
| PAT | 1751.05 | 1523.95 | 14.90 | 3499.84 | 3184.90 | 9.89 | 6858.66 | 5050.86 | 35.79 |
| Equity | 764.25 | 764.25 | 0.00 | 764.25 | 764.25 | 0.00 | 764.25 | 764.25 | 0.00 |
| PBIDTM(%) | 22.00 | 27.08 | -18.78 | 22.82 | 29.07 | -21.50 | 28.04 | 29.38 | -4.55 |
Persistent Systems - Quaterly Results
Publish Date: 18/01/2023
The Sales for the quarter ended December 2022 of Rs. 13072.29 millions rose by 40.77% from Rs. 9286.51 millions.Profit saw a slight increase of 5.70%to Rs. 1827.46 millions from Rs. 1728.91 millions.Operating Profit saw a handsome growth to 3090.66 millions from 2476.08 millions in the quarter ended December 2022.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 13072.29 | 9286.51 | 40.77 | 36340.71 | 25404.70 | 43.05 | 35754.80 | 24796.08 | 44.20 |
| Other Income | 283.03 | 307.33 | -7.91 | 627.96 | 933.66 | -32.74 | 1324.57 | 1176.16 | 12.62 |
| PBIDT | 3090.66 | 2476.08 | 24.82 | 8400.15 | 7161.04 | 17.30 | 10026.96 | 7285.20 | 37.63 |
| Interest | 35.34 | 15.85 | 122.97 | 84.52 | 51.54 | 63.99 | 68.78 | 38.21 | 80.01 |
| PBDT | 2758.77 | 2460.23 | 12.13 | 8019.08 | 7109.50 | 12.79 | 9958.18 | 7246.99 | 37.41 |
| Depreciation | 341.65 | 218.73 | 56.20 | 958.42 | 579.23 | 65.46 | 837.57 | 566.79 | 47.77 |
| PBT | 2417.12 | 2241.50 | 7.83 | 7060.66 | 6530.27 | 8.12 | 9120.61 | 6680.20 | 36.53 |
| TAX | 589.66 | 512.59 | 15.04 | 1733.36 | 1616.46 | 7.23 | 2261.95 | 1629.34 | 38.83 |
| Deferred Tax | -6.54 | -72.17 | -90.94 | -78.80 | -24.35 | 223.61 | 11.86 | -57.40 | -120.66 |
| PAT | 1827.46 | 1728.91 | 5.70 | 5327.30 | 4913.81 | 8.41 | 6858.66 | 5050.86 | 35.79 |
| Equity | 764.25 | 764.25 | 0.00 | 764.25 | 764.25 | 0.00 | 764.25 | 764.25 | 0.00 |
| PBIDTM(%) | 23.64 | 26.66 | -11.33 | 23.11 | 28.19 | -18.00 | 28.04 | 29.38 | -4.55 |
Persistent Systems - Quaterly Results
Publish Date: 18/01/2023
A decent increase of about 40.77% in the sales to Rs. 13072.29 millions was observed for the quarter ended December 2022. The sales figure stood at Rs. 9286.51 millions during the year-ago period.A humble growth in net profit of 5.70% reported in the quarter ended December 2022 to Rs. 1827.46 millions from Rs. 1728.91 millions.Operating Profit saw a handsome growth to 3090.66 millions from 2476.08 millions in the quarter ended December 2022.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 13072.29 | 9286.51 | 40.77 | 36340.71 | 25404.70 | 43.05 | 35754.80 | 24796.08 | 44.20 |
| Other Income | 283.03 | 307.33 | -7.91 | 627.96 | 933.66 | -32.74 | 1324.57 | 1176.16 | 12.62 |
| PBIDT | 3090.66 | 2476.08 | 24.82 | 8400.15 | 7161.04 | 17.30 | 10026.96 | 7285.20 | 37.63 |
| Interest | 35.34 | 15.85 | 122.97 | 84.52 | 51.54 | 63.99 | 68.78 | 38.21 | 80.01 |
| PBDT | 2758.77 | 2460.23 | 12.13 | 8019.08 | 7109.50 | 12.79 | 9958.18 | 7246.99 | 37.41 |
| Depreciation | 341.65 | 218.73 | 56.20 | 958.42 | 579.23 | 65.46 | 837.57 | 566.79 | 47.77 |
| PBT | 2417.12 | 2241.50 | 7.83 | 7060.66 | 6530.27 | 8.12 | 9120.61 | 6680.20 | 36.53 |
| TAX | 589.66 | 512.59 | 15.04 | 1733.36 | 1616.46 | 7.23 | 2261.95 | 1629.34 | 38.83 |
| Deferred Tax | -6.54 | -72.17 | -90.94 | -78.80 | -24.35 | 223.61 | 11.86 | -57.40 | -120.66 |
| PAT | 1827.46 | 1728.91 | 5.70 | 5327.30 | 4913.81 | 8.41 | 6858.66 | 5050.86 | 35.79 |
| Equity | 764.25 | 764.25 | 0.00 | 764.25 | 764.25 | 0.00 | 764.25 | 764.25 | 0.00 |
| PBIDTM(%) | 23.64 | 26.66 | -11.33 | 23.11 | 28.19 | -18.00 | 28.04 | 29.38 | -4.55 |
Persistent Systems surges on reporting 36% rise in Q2 consolidated net profit
Publish Date: 20/10/2022
Total consolidated income of the company increased by 48.64% at Rs 2056.70 crore for Q2FY23
Persistent Systems is currently trading at Rs. 3693.35, up by 29.50 points or 0.81% from its previous closing of Rs. 3663.85 on the BSE.
The scrip opened at Rs. 3660.00 and has touched a high and low of Rs. 3712.15 and Rs. 3584.05 respectively. So far 14778 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 3091.65 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3744.85 and Rs. 3569.00 respectively. The current market cap of the company is Rs. 28208.47 crore.
The promoters holding in the company stood at 31.26%, while Institutions and Non-Institutions held 46.39% and 22.34% respectively.
Persistent Systems has reported results for second quarter ended September 30, 2022.
The company has reported a rise of 14.90% in its net profit at Rs 175.11 crore for the quarter under review as compared to Rs 152.40 crore for the same quarter in the previous year. Total income of the company increased by 41.17% at Rs 1235.48 crore for Q2FY23 as compared Rs 875.15 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 36.02% in its net profit at Rs 220.01 crore for the quarter under review as compared to Rs 161.75 crore for the same quarter in the previous year. Total income of the company increased by 48.64% at Rs 2056.70 crore for Q2FY23 as compared to Rs 1383.66 crore for the corresponding quarter previous year.
Persistent Systems informs about outcome and audio call recording of analyst meeting
Publish Date: 21/10/2022
Pursuant to Regulation 30 and Regulation 46(2)(oa) or any other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Persistent Systems has informed that the Outcome and Audio call recording of investors/analysts meeting held on Thursday, October 20, 2022, at 06:00 PM IST is available on Company’s website. Link for the outcome of the investors/analysts’ meeting and Link for Audio call recording of investors/analysts meeting is attached.
The above information is a part of company’s filings submitted to BSE.
Persistent Systems rises on launching innovative cyber recovery solution with Google Cloud
Publish Date: 31/10/2022
PiCR is now available on the Google Cloud Marketplace
Persistent Systems is currently trading at Rs. 3684.05, up by 63.10 points or 1.74% from its previous closing of Rs. 3620.95 on the BSE.
The scrip opened at Rs. 3631.35 and has touched a high and low of Rs. 3723.80 and Rs. 3631.35 respectively. So far 5534 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 3091.65 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3864.70 and Rs. 3611.05 respectively. The current market cap of the company is Rs. 28132.42 crore.
The promoters holding in the company stood at 31.26%, while Institutions and Non-Institutions held 46.39% and 22.34% respectively.
Persistent Systems has launched a trailblazing solution that enables organizations to recover more quickly from cyber-attacks. Together with Google Cloud, the Persistent Intelligent Cyber Recovery (PiCR) solution provides a comprehensive and scalable cyber recovery approach, allowing organizations to reduce data loss and minimize the negative impact to brand reputation from prolonged downtime. PiCR is now available on the Google Cloud Marketplace.
PiCR offers the various benefits like Reduction in data loss, Decreased risk of recurrent attacks through the removal of malware, Faster recovery from ransomware and zero-day attacks (from weeks/months to hours/days), Potential cyber insurance cost reduction and Scalable solution depending on enterprise size challenges.
Persistent Systems is a global company specializing in software product and technology services.
Persistent Systems informs about analyst meet
Publish Date: 09/11/2022
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, Persistent Systems has informed that Persistent Systems (the 'Company') is scheduled to interact with Wasatch Advisors on Thursday, November 10, 2022.
The above information is a part of company’s filings submitted to BSE.
Persistent Systems informs about analyst meet
Publish Date: 23/11/2022
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, Persistent Systems has informed that, Persistent Systems (the 'Company') interacted with Capital International on Tuesday, November 22, 2022. During this investor meeting, the Company reiterated the information shared by it during the earnings call held on Thursday, October 20, 2022, and no additional information was shared with this investor. Please find below the web link of the presentation placed before investors during the earnings call and the above-mentioned investor: Analyst Presentation and Fact Sheet - Q2 FY23 (persistent.com)
The above information is a part of company’s filings submitted to BSE.
Persistent Systems surges on the BSE
Publish Date: 28/11/2022
The company has inaugurated its first office in Indore
Persistent Systems is currently trading at Rs. 4068.60, up by 97.75 points or 2.46% from its previous closing of Rs. 3970.85 on the BSE.
The scrip opened at Rs. 3945.05 and has touched a high and low of Rs. 4080.10 and Rs. 3945.05 respectively. So far 17730 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 3091.65 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 4080.10 and Rs. 3618.20 respectively. The current market cap of the company is Rs. 31081.67 crore.
The promoters holding in the company stood at 31.26%, while Institutions and Non-Institutions held 45.73% and 22.99% respectively.
Persistent Systems has inaugurated its first office in Indore, situated in the heart of Madhya Pradesh. This 450-seat office will be the latest addition to Persistent’s rapidly growing global delivery network. This new delivery center will play a key role in enabling clients across industries to accelerate business transformation and provide software professionals in the region with career opportunities to build next-generation software products and digital assets.
As a truly global company with a presence in 18 countries, Persistent has been augmenting its reach based on client needs, uniting a boutique mentality with enterprise scale. This has helped the company provide a bespoke experience that enables its clients to thrive in today’s software-driven world.
Persistent Systems is a global company specializing in software product and technology services.
Persistent Systems informs about investor call
Publish Date: 30/11/2022
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, Persistent Systems has informed that the company is scheduled to interact with Motilal Oswal Asset Management on Thursday, December 1, 2022.
The above information is a part of company’s filings submitted to BSE.
Persistent Systems informs about analyst meet intimation
Publish Date: 13/12/2022
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, Persistent Systems has informed that, Persistent Systems is scheduled to interact with Axis MF on Tuesday, December 13, 2022.
The above information is a part of company’s filings submitted to BSE.
Persistent Systems informs about analyst call
Publish Date: 14/12/2022
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, Persistent Systems has informed that the company is scheduled to interact with ICICI Prudential MF on Wednesday, December 14, 2022.
The above information is a part of company’s filings submitted to BSE.
Persistent Systems zooms on strengthening ITES 360 relationship with Microsoft
Publish Date: 02/01/2023
Persistent will utilize the Microsoft Viva platform to enhance employee experience, utilizing the advanced analytics baked into the platform
Persistent Systems is currently trading at Rs. 4008.30, up by 137.50 points or 3.55% from its previous closing of Rs. 3870.80 on the BSE.
The scrip opened at Rs. 3912.95 and has touched a high and low of Rs. 4012.00 and Rs. 3876.75 respectively. So far 5253 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 3091.65 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 4012.00 and Rs. 3764.05 respectively. The current market cap of the company is Rs. 30364.42 crore.
The promoters holding in the company stood at 31.26%, while Institutions and Non-Institutions held 45.73% and 22.99% respectively.
Persistent Systems is further strengthening its ITES 360 relationship with Microsoft by leveraging its cutting-edge technologies to increase agility and power the next phase of its growth. Among the fastest growing Digital Engineering firms, Persistent is investing in a modern tech stack from Microsoft that will cultivate a data-driven mindset, transform business operations, and keep pace with evolving client needs.
Persistent will utilize the Microsoft Viva platform to enhance employee experience, utilizing the advanced analytics baked into the platform. Employees are the Company’s most valuable assets and are essential to delivering best-in-class services. Given the flexible work models brought on by the pandemic, the Viva platform will transform the way Persistent understands and engages with its employees in real-time. The platform will also provide predictive insights by mapping key organizational metrics and give every employee the tools they need to be successful.
In collaboration with Microsoft, Persistent is building an organization-wide modern data fabric using market-leading Microsoft Azure cloud data lake offerings. The solution will drive reliability and speed across Persistent’s business functions and enable Machine Learning-based operational dashboards to visualize and optimize business outcomes. Persistent will also take the cloud data lake to its industry verticals, thereby expanding its go-to-market offerings.
Persistent Systems is a global company specializing in software product and technology services.
Persistent Systems informs about press release
Publish Date: 02/01/2023
Persistent Systems has informed that the Company has made a press release dated January 2, 2023, titled 'Persistent Partners with Microsoft to Accelerate Its Growth' A copy of the Press Release is enclosed for records.
The above information is a part of company’s filings submitted to BSE.
Persistent Systems surges on reporting 35% rise in Q3 consolidated net profit
Publish Date: 19/01/2023
Total consolidated income of the company increased by 44.65% to Rs 2202.13 crore for Q3FY23
Persistent Systems is currently trading at Rs. 4144.95, up by 183.45 points or 4.63% from its previous closing of Rs. 3961.50 on the BSE.
The scrip opened at Rs. 3959.55 and has touched a high and low of Rs. 4161.75 and Rs. 3915.95 respectively. So far 38238 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4950.35 on 05-Apr-2022 and a 52 week low of Rs. 3091.65 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 4161.75 and Rs. 3906.90 respectively. The current market cap of the company is Rs. 31662.50 crore.
The promoters holding in the company stood at 31.26%, while Institutions and Non-Institutions held 46.70% and 22.04% respectively.
Persistent Systems has reported results for third quarter ended December 31, 2022.
The company has reported rise of 5.70% in its net profit at Rs 182.75 crore for Q3FY23 as compared to Rs 172.89 crore for the corresponding quarter previous year. Total income of the company increased by 39.21% to Rs 1335.53 crore for the quarter under review as compared to Rs 959.38 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 34.89% in its net profit at Rs 237.95 crore for Q3FY23 as compared to Rs 176.40 crore for the same quarter in the previous year. Total income of the company increased by 44.65% to Rs 2202.13 crore for the quarter under review as compared to Rs 1522.38 crore for the same quarter in the previous year.
Persistent Systems informs about analyst meet intimation
Publish Date: 25/01/2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, Persistent Systems has informed that the Company is scheduled to interact with Sahasrar Capital on Wednesday, January 25, 2023, as part of a no-deal roadshow (NDR).
The above information is a part of company’s filings submitted to BSE.
Persistent Systems informs about analyst meet
Publish Date: 02/02/2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, Persistent Systems has informed that Persistent Systems interacted with the following investors on Wednesday, February 1, 2023: Creaegis, Indus Capital Partners. During these investor meetings, the Company reiterated the information shared by it during the earnings call held on Thursday, January 19, 2023, and no additional information was shared with these investors. The web link of the presentation placed before investors during the earnings call and the above-mentioned investors: FY23 Q3 Analyst Presentation and Fact Sheet (persistent.com)
The above information is a part of company’s filings submitted to BSE.
Persistent Systems informs about investors meeting
Publish Date: 03/02/2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, Persistent Systems has informed that the company is scheduled to interact with the various investors in the week starting from Monday, February 6, 2023, to Friday, February 10, 2023. The schedule of the meeting is attached.
The above information is a part of company’s filings submitted to BSE.
Persistent Systems informs about outcome of analyst meet
Publish Date: 24/02/2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, Persistent Systems has informed that the company interacted with APG Investments and Putnam on Friday, February 24, 2023. During these investor meetings, the Company reiterated the information shared by it during the earnings call held on Thursday, January 19, 2023, and no additional information was shared with these investors. It has enclosed the web link of the presentation placed before investors during the earnings call and the above-mentioned investors.
The above information is a part of company’s filings submitted to BSE.
Persistent Systems submits analyst meet intimation
Publish Date: 27/02/2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, Persistent Systems has informed that, Persistent Systems is scheduled to interact with the following investors in the week starting from Monday, February 27, 2023, to Friday, March 3, 2023, as follows: Monday, February 27, 2023 Harding-Loevner; Wednesday, March 1, 2023 Burgundy Asset Management; Thursday, March 2, 2023 Nippon India MF, ICICI Prudential MF, DSP MF, Tata MF, Max Life Insurance, SBI Life Insurance ,Goldman Sachs AM.
The above information is a part of company’s filings submitted to BSE.
Persistent Systems informs about analyst meet outcome
Publish Date: 10/03/2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, Persistent Systems has informed that, Persistent Systems interacted with Jetha Global and White Oak on Thursday, March 9, 2023. During these investor meetings, the Company reiterated the information shared by it during the earnings call held on Thursday, January 19, 2023, and no additional information was shared with these investors. It has enclosed the web link of the presentation placed before investors during the earnings call and the above-mentioned investors: FY23 Q3 Analyst Presentation and Fact Sheet (persistent.com)
The above information is a part of company’s filings submitted to BSE.
Persistent Systems informs about outcome of analyst meet
Publish Date: 23/03/2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, Persistent Systems has informed that the company has interacted with Janchor Partners on Wednesday, March 22, 2023. During this investor meeting, the Company reiterated the information shared by it during the earnings call held on Thursday, January 19, 2023, and no additional information was shared with this investor. The company has enclosed the web link of the presentation placed before investors during the earnings call and the above-mentioned investor.
The above information is a part of company’s filings submitted to BSE.
Board Meeting
Publish Date: 22/03/2023
Inter alia, to consider and approve the issuance of the requisite number of Equity Shares of the Company within the limits as approved by the members of the Company at the 31st Annual General Meeting held in July 2021 and at such consideration as may be approved by the Board of Directors of the Company
Ex Dividend
Publish Date: 25/01/2023
Interim Dividend
Board Meeting
Publish Date: 19/10/2022
Quarterly Results & A meeting of the Board of Directors of Persistent Systems Limited (?the Company?) is scheduled to be held on Tuesday, October 18, 2022, and will continue on Wednesday, October 19, 2022, at Pune, to consider inter alia, the following businesses: 1. The Audited Financial Results of the Company for the quarter and half year ended September 30, 2022. 2. The Audited Financial Results of the Company and its subsidiaries for the quarter and half year ended September 30, 2022. Please note that the Board of Directors will consider the aforesaid business items on Wednesday, October 19, 2022.
Board Meeting
Publish Date: 21/07/2022
Quarterly Results Inter alia, to consider the following businesses: 1. The Audited Financial Results of the Company for the quarter ended June 30, 2022. 2. The Audited Financial Results of the Company and its subsidiaries for the quarter ended June 30, 2022.
Ex Dividend
Publish Date: 11/07/2022
Rs.11.0000 per share(110%)Final Dividend
Board Meeting
Publish Date: 27/04/2022
Final Dividend & Audited Results The Board of Directors of Persistent Systems Limited (?the Company?) is scheduled to be held on Tuesday, April 26, 2022 and will continue on Wednesday, April 27, 2022 at Pune to consider inter alia, the following businesses: 1. The Audited Financial Results of the Company for the quarter and year ended March 31, 2022. 2. The Audited Financial Results of the Company and its subsidiaries for the quarter and year ended March 31, 2022. 3. The recommendation of Final Dividend, if any, for the Financial Year 2021-22.
Ex Dividend
Publish Date: 27/01/2022
Interim Dividend
Board Meeting
Publish Date: 20/01/2022
Quarterly Results & Interim Dividend The meeting of the Board of Directors of Persistent Systems Limited (?the Company?) is scheduled to be held on Wednesday, January 19, 2022 and will continue on Thursday, January 20, 2022 and Friday, January 21, 2022 through tele conferencing. Please note that the Board of Directors will consider the aforesaid business items on January 20, 2022
Persistent Systems reports 36% rise in Q2 consolidated net profit
Publish Date: 20/10/2022
Total consolidated income of the company increased by 48.64% at Rs 2056.70 crore for Q2FY23
Persistent Systems has reported results for second quarter ended September 30, 2022.
The company has reported a rise of 14.90% in its net profit at Rs 175.11 crore for the quarter under review as compared to Rs 152.40 crore for the same quarter in the previous year. Total income of the company increased by 41.17% at Rs 1235.48 crore for Q2FY23 as compared Rs 875.15 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 36.02% in its net profit at Rs 220.01 crore for the quarter under review as compared to Rs 161.75 crore for the same quarter in the previous year. Total income of the company increased by 48.64% at Rs 2056.70 crore for Q2FY23 as compared to Rs 1383.66 crore for the corresponding quarter previous year.
Persistent Systems aiming to double revenues in four years to $2 billion
Publish Date: 21/10/2022
As per the company, its quarterly revenues stood at $125 million three years ago
Persistent Systems is aiming to double the revenues in four years to $2 billion, a day after the company achieved its $1 billion in annualised revenue by posting a 40 per cent rise in the topline to $255 million in the September quarter. As per the company, its quarterly revenues stood at $125 million three years ago, and the rate of doubling will take longer at four years now, given that it will be a bigger size.
Persistent Systems is a global company specializing in software product and technology services.
Persistent Systems launches innovative cyber recovery solution with Google Cloud
Publish Date: 31/10/2022
PiCR is now available on the Google Cloud Marketplace
Persistent Systems has launched a trailblazing solution that enables organizations to recover more quickly from cyber-attacks. Together with Google Cloud, the Persistent Intelligent Cyber Recovery (PiCR) solution provides a comprehensive and scalable cyber recovery approach, allowing organizations to reduce data loss and minimize the negative impact to brand reputation from prolonged downtime. PiCR is now available on the Google Cloud Marketplace.
PiCR offers the various benefits like Reduction in data loss, Decreased risk of recurrent attacks through the removal of malware, Faster recovery from ransomware and zero-day attacks (from weeks/months to hours/days), Potential cyber insurance cost reduction and Scalable solution depending on enterprise size challenges.
Persistent Systems is a global company specializing in software product and technology services.
Persistent Systems enters into strategic partnership with Software AG
Publish Date: 04/11/2022
The partnership will address the challenges and opportunities that business leaders face as they transform their organizations
Persistent Systems has entered into a strategic partnership with Software AG, a leader in enterprise software for integration, IoT, and automation. Persistent will develop joint solutions to accelerate operational excellence by modernizing applications and processes as well as moving data more easily across enterprises to unlock value. The partnership will address the challenges and opportunities that business leaders face as they transform their organizations.
As a leader in Digital Engineering and Enterprise Modernization, Persistent specializes in building customized industry solutions delivered in cooperation with an extensive partner ecosystem. Combined with Software AG’s mission to provide digital products that simplify a connected world, this new partnership will enable clients to address these challenges as well as improve processes, better manage costs, and enable greater employee productivity.
Persistent Systems is a global company specializing in software product and technology services.
Persistent Systems strengthening ITES 360 relationship with Microsoft
Publish Date: 02/01/2023
Persistent will utilize the Microsoft Viva platform to enhance employee experience, utilizing the advanced analytics baked into the platform
Persistent Systems is further strengthening its ITES 360 relationship with Microsoft by leveraging its cutting-edge technologies to increase agility and power the next phase of its growth. Among the fastest growing Digital Engineering firms, Persistent is investing in a modern tech stack from Microsoft that will cultivate a data-driven mindset, transform business operations, and keep pace with evolving client needs.
Persistent will utilize the Microsoft Viva platform to enhance employee experience, utilizing the advanced analytics baked into the platform. Employees are the Company’s most valuable assets and are essential to delivering best-in-class services. Given the flexible work models brought on by the pandemic, the Viva platform will transform the way Persistent understands and engages with its employees in real-time. The platform will also provide predictive insights by mapping key organizational metrics and give every employee the tools they need to be successful.
In collaboration with Microsoft, Persistent is building an organization-wide modern data fabric using market-leading Microsoft Azure cloud data lake offerings. The solution will drive reliability and speed across Persistent’s business functions and enable Machine Learning-based operational dashboards to visualize and optimize business outcomes. Persistent will also take the cloud data lake to its industry verticals, thereby expanding its go-to-market offerings.
Persistent Systems is a global company specializing in software product and technology services.
Persistent Systems reports 35% rise in Q3 consolidated net profit
Publish Date: 19/01/2023
Total consolidated income of the company increased by 44.65% to Rs 2202.13 crore for Q3FY23
Persistent Systems has reported results for third quarter ended December 31, 2022.
The company has reported rise of 5.70% in its net profit at Rs 182.75 crore for Q3FY23 as compared to Rs 172.89 crore for the corresponding quarter previous year. Total income of the company increased by 39.21% to Rs 1335.53 crore for the quarter under review as compared to Rs 959.38 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 34.89% in its net profit at Rs 237.95 crore for Q3FY23 as compared to Rs 176.40 crore for the same quarter in the previous year. Total income of the company increased by 44.65% to Rs 2202.13 crore for the quarter under review as compared to Rs 1522.38 crore for the same quarter in the previous year.
Persistent Systems ranked as Leader in Zinnov Zones Engineering Research and Development Services Ratings
Publish Date: 03/02/2023
The 2022 study evaluated 50 global service providers across various industry verticals and micro-verticals for their digital engineering expertise
Persistent Systems has been recognized as a Leader in nine segments in the annual Zinnov Zones for ER&D Services 2022 Ratings – enterprise software engineering, consumer software engineering, Digital Engineering, software platform engineering, hyperscalers services, data and AI engineering, experience engineering, and telehealth, as well as in the US geography.
The 2022 study evaluated 50 global service providers across various industry verticals and micro-verticals for their digital engineering expertise. The ratings are assessed on multiple dimensions, including the maturity of delivery and services capabilities, scalability, growth rate, financials, innovation and IP, ecosystem linkages, and feedback from enterprise buyers. Zinnov’s assessment this year is unique as it captures the service providers’ depth of partnerships with hyperscalers to enable services across consulting, design, application development and modernization, integration, and testing services in the ER&D space.
Persistent Systems is a global company specializing in software product and technology services.
Persistent cited as leader in software product engineering services PEAK Matrix Assessment 2023
Publish Date: 13/02/2023
Persistent drives co-innovation with a focus on new product development for today’s leading digital businesses
Persistent Systems has been cited as a leader in Everest Group’s Software Product Engineering Services Peak Matrix Assessment 2023. Persistent drives co-innovation with a focus on new product development for today’s leading digital businesses. Their software product engineering services reach across every stage of the product life cycle to help accelerate software development and enterprise modernization initiatives that transform client’s digital product experiences.
Persistent Systems is a global company specializing in software product and technology services.
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