Reported Earnings • Apr 22
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹120 (up from ₹91.22 in FY 2025). Revenue: ₹147.5b (up 24% from FY 2025). Net income: ₹18.7b (up 33% from FY 2025). Profit margin: 13% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Apr 21
Persistent Systems Limited Recommends Final Dividend for the Financial Year Ended March 31, 2026 Persistent Systems Limited announced that the board has recommended a final dividend of INR 18 per Equity Share having a face value of INR 5 (INR Five Only) for the Financial Year ended March 31, 2026. The aforesaid Final Dividend is subject to the approval of Members at the ensuing 36th Annual General Meeting of the Company. The Record Date for the purpose of payment of the said Dividend will be determined later and communicated to the Stock Exchanges separately. Aankondiging • Apr 10
Persistent Systems Launches Merchant Risk Management and Fraud Detection Solution Powered by Databricks Data Intelligence Platform Persistent Systems had announced the launch of its Merchant Risk Management and Fraud Detection solution powered by Databricks Data Intelligence platform. The solution helps financial institutions reduce fraud losses, improve detection accuracy and lower manual review effort through real-time, intelligence-driven decisions. Persistent shifts merchant risk management upstream to enable early detection, continuous monitoring and AI-driven action before losses occur. Built on the Databricks Data Intelligence platform, the solution uses Agentic AI to perform multi-signal merchant vetting during onboarding, analyzing business profiles, compliance history, transaction patterns and external indicators to assess risk before transactions begin. Once live, it continuously monitors transactions, chargebacks and third-party signals in real time to detect emerging fraud or compliance risks. When risk signals are detected, the system triggers configurable actions, such as enhanced monitoring, watch listing or transaction restrictions with full auditability and governance. Designed as a Databricks accelerator, it unifies batch and streaming data, merchant profiles and external risk signals into a governed, real-time intelligence layer, enabling faster time-to-value. The solution is expected to deliver measurable business impact, including: 20–40% reduction in chargeback and fraud losses through earlier risk detection; 30–60% improvement in fraud detection accuracy using multi-signal intelligence; 50–70% reduction in manual review effort, freeing teams for higher-value investigations; 10–20% reduction in risk management costs through automation and streamlined workflows. Persistent is a Databricks Global Systems Integrator partner with 900+ Databricks certified professionals and more than eight accelerators on the Databricks platform. The solution is available now and can be deployed as a Databricks-based accelerator for banks, acquirers and payment service providers globally. Aankondiging • Mar 24
Persistent Systems Appoints Ruchi Kulhari as Executive Vice President – Enterprise Strategy & Execution Persistent Systems announced the appointment of Ruchi Kulhari as Executive Vice President – Enterprise Strategy & Execution, . In this role, Ruchi will partner closely with the CEO and Executive Leadership Team to drive the Company's most critical priorities, working across business units and functions to translate strategic priorities into clearly defined initiatives with measurable outcomes. She will strengthen execution cadence, governance and accountability across the enterprise, and lead cross-functional programs including AI-led transformation and operating model evolution. The role also reinforces alignment across leadership teams, ensures consistent follow-through on key mandates and supports alignment with the Board, investors and strategic partners. Ruchi brings over two decades of global leadership experience across enterprise transformation, organizational strategy and human resources. She joins Persistent from Unisys, where she served as Senior Vice President and Chief Human Resources Officer. Prior, she held leadership roles at Coforge, Infosys and EXL Services. Aankondiging • Mar 20
Persistent Systems Appoints Hari S. Abhyankar as Executive Vice President and Global Head of Private Equity and Professional Services Persistent Systems announced the appointment of Hari S. Abhyankar as Executive Vice President and Global Head of Private Equity and Professional Services. In this role, Hari will lead Persistent's global strategy and growth across private equity investors, their portfolio companies and professional services organizations. He will work closely with clients to accelerate revenue growth, enable platform modernization and drive faster realization of transformation priorities across portfolios, while also expanding EBITDA through improved operational efficiency and value creation. Hari brings over 25 years of experience at the intersection of strategy, technology and business transformation. He previously served as a Partner at McKinsey & Company, advising leading technology companies and global enterprises on corporate strategy, large-scale transformation and revenue acceleration initiatives. Following his tenure at McKinsey, he worked with AI-native startups, focusing on scaling technology-led innovation and next-generation operating models. He has also held senior leadership roles at Interpublic Group and Digitas, where he built and led analytics, digital strategy and data-driven marketing organizations serving global technology and enterprise clients. Hari holds a PhD in Operations Management from the MIT Sloan School of Management. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹4,666, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 19x in the IT industry in India. Total returns to shareholders of 99% over the past three years. Declared Dividend • Jan 22
Dividend increased to ₹22.00 Dividend of ₹22.00 is 10% higher than last year. Ex-date: 27th January 2026 Payment date: 19th February 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 21
Third quarter 2026 earnings released: EPS: ₹28.15 (vs ₹24.28 in 3Q 2025) Third quarter 2026 results: EPS: ₹28.15 (up from ₹24.28 in 3Q 2025). Revenue: ₹37.8b (up 23% from 3Q 2025). Net income: ₹4.39b (up 18% from 3Q 2025). Profit margin: 12% (in line with 3Q 2025). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 21
Persistent Systems Limited Declares Interim Dividend for the Financial Year Ending March 31, 2026 The Board of Directors of Persistent Systems Limited declared an Interim Dividend of INR 22 per share on the face value of INR 5 each for the Financial Year April 1, 2025 to March 31, 2026 The Interim Dividend approved and declared by the Board of Directors at its meeting held on January 20, 2026, will be paid to the Members within a statutory timeline of 30 days of its declaration.
Record date; January 27, 2026. Aankondiging • Jan 01
Persistent Systems Limited to Report Q3, 2026 Results on Jan 19, 2026 Persistent Systems Limited announced that they will report Q3, 2026 results on Jan 19, 2026 Aankondiging • Oct 30
Persistent Systems Launches Experience Transformation Studio to Scale AI-Powered Innovation and Immersive Client Experiences Persistent Systems announced the launch of its Experience Transformation (XT) Studio in Pune, India. The XT Studio is a purpose-built space to help enterprises create AI-powered, transformative user experiences, streamline workflows for maximum quality and efficiency and drive better outcomes across the entire product lifecycle. By merging creativity with technology, the XT Studio enables clients to thrive in an ever-evolving digital landscape, turning innovation into real-world impact. Enterprises face a growing demand to deliver differentiated digital experiences, yet many struggle to bridge advanced AI capabilities with real user needs. Often, user experience is siloed or introduced late in the development cycle, causing delays, rework and fragmented solutions with disappointing ROI. XT and the XT Studio address these gaps by embedding a human-centered approach as a foundational element of every initiative, ensuring AI is adopted not just functionally, but intuitively. The XT Studio integrates business strategy, UX consulting and product engineering within an immersive environment that empowers enterprises to design with AI and for AI, translating ideas into intelligent, engaging experiences. This holistic, outcome-based model sets a new benchmark for digital transformation, combining human insight and technology to accelerate innovation and deliver long-term business value. The XT Studio also acts as a co-innovation hub, bringing together clients and partners to reimagine user journeys, creating seamless experiences that drive measurable outcomes. Leveraging Persistent's deep design thinking and experience consulting expertise, it is a. physical manifestation of how the Company helps clients accelerate time-to-value by aligning business objectives with user expectations. From vision to execution, the XT Studio is where clients can participate and observe the application of AI-powered methodologies to drive end-to-end experience transformation. Its design-led architecture features flexible workspaces, including: Design Thinking and Workshop Areas: Structured environment for innovation sprints, journey mapping and solution development. UX Consulting and Collaboration Zones: Co-creation environments to ideate, prototype and refine user experiences (UX) with hands-on engagement. Immersive Experience Transformation Showcases: Industry-specific demonstrations that bring solutions to life and highlight business impact. Persistent plans to expand XT Studio locations to other key regions in India, the U.S., Europe and APAC, attracting top talent, partners and clients to co-create the future of how people experience technology. Reported Earnings • Oct 15
Second quarter 2026 earnings released: EPS: ₹30.31 (vs ₹21.19 in 2Q 2025) Second quarter 2026 results: EPS: ₹30.31 (up from ₹21.19 in 2Q 2025). Revenue: ₹35.8b (up 24% from 2Q 2025). Net income: ₹4.71b (up 45% from 2Q 2025). Profit margin: 13% (up from 11% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 23
Persistent Systems Limited to Report Q2, 2026 Results on Oct 14, 2025 Persistent Systems Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Oct 14, 2025 Aankondiging • Aug 07
Persistent Systems Limited Announces Executive Changes Persistent Systems Limited announced strategic leadership changes to scale its growth momentum and enhance its operational excellence. Dhanashree Bhat, Chief Operating Officer, has decided to move on from her role effective August 11, 2025, to pursue external career opportunities. The Company has promoted Jaideep Dhok as Chief Operating Officer – Technology, effective August 12, 2025. This change reflects the strength of the Company's existing leadership, succession planning, long-term transformation priorities, and continued focus on seamless execution. Jaideep Dhok previously served as Senior Vice President – Banking, Financial Services and Insurance (BFSI) of the Company. He has more than 23 years of experience across horizontal technologies and in the BFSI industry. With over 14 years at Persistent, he has led major transformation programs, built new business lines, and expanded Persistent's BFSI segment. Jaideep currently leads the APAC region and is a key contributor to the Company's AI strategy. In his new role, Jaideep will assume additional responsibility for Delivery Excellence, Talent Acquisition/Talent Management, Learning and Development, as well as Alliances and Partnerships. Additionally, as part of this transition, Vinit Teredesai, Persistent's Chief Financial Officer and Executive Director, who currently leads Corporate Finance, Treasury, Financial Reporting, Taxation, Enterprise Risk Management, and Investor Relations, will also assume responsibility for IT and ESG. Aankondiging • Jul 23
Persistent Systems Limited Recommends Final Dividend for the Financial Year 2024-2025 Persistent Systems Limited at its 35th annual general meeting held on July 21, 2025, approved to confirm the payment of the Interim Dividend of INR 20 per equity share of INR 5 each and to approve the payment of the Final Dividend of INR 15 per equity share of INR 5 each, recommended for the Financial Year 2024-25 aggregating to INR 35 per equity share of INR 5 each. Upcoming Dividend • Jul 10
Upcoming dividend of ₹15.00 per share Eligible shareholders must have bought the stock before 14 July 2025. Payment date: 20 August 2025. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (2.8%). Aankondiging • Jul 03
Shimona Chadha Joins Persistent Systems as Chief Marketing Officer Persistent Systems announced the appointment of Shimona Chadha as Chief Marketing Officer. She will be responsible for driving the Company's global marketing strategy, strengthening brand positioning, and enabling business growth through integrated marketing initiatives. With more than two decades of experience across B2B, B2C, and B2B2C segments, Shimona has led marketing transformations that unlock business value and accelerate growth. She joins Persistent from HCLTech, where she served as Vice President and Head of North America Vertical Marketing. As part of HCLTech's senior marketing leadership team, she drove revenue growth and was instrumental in building a Generative AI-powered marketing engine for improved brand visibility, go-to-market effectiveness, and pipeline conversion in high-value markets. Shimona has also held senior leadership roles and led customer-focused growth strategies at Vodafone Idea and Abbott. Her contributions have been recognized with industry honors, including Forrester's Program of the Year 2025 and the Stevie Award for Women in Business and Inspiring Women in Business. She is also a strong advocate for inclusive leadership and talent development, having co-chaired initiatives for IAOP and mentored rising professionals across the global tech ecosystem. Shimona will be a member of Persistent's executive leadership team and is based out of New Jersey, USA. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. CFO & Additional Director Vinit Teredesai was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 27
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: ₹91.22 (up from ₹72.44 in FY 2024). Revenue: ₹119.4b (up 22% from FY 2024). Net income: ₹14.0b (up 28% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jun 26
Final dividend increased to ₹15.00 Dividend of ₹15.00 is 50% higher than last year. Ex-date: 14th July 2025 Payment date: 20th August 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: ₹91.22 (up from ₹72.44 in FY 2024). Revenue: ₹119.4b (up 21% from FY 2024). Net income: ₹14.0b (up 28% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Apr 07
Persistent Systems Limited to Report Q4, 2025 Results on Apr 24, 2025 Persistent Systems Limited announced that they will report Q4, 2025 results on Apr 24, 2025 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹4,788, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 23x in the IT industry in India. Total returns to shareholders of 108% over the past three years. Reported Earnings • Jan 23
Third quarter 2025 earnings released: EPS: ₹24.28 (vs ₹18.92 in 3Q 2024) Third quarter 2025 results: EPS: ₹24.28 (up from ₹18.92 in 3Q 2024). Revenue: ₹30.6b (up 23% from 3Q 2024). Net income: ₹3.73b (up 30% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 22
Persistent Systems Limited Approves Interim Dividend for the Financial Year 2024-25 Persistent Systems Limited informed that, the Board of Directors, at its meeting, held on January 22, 2025. The Board of Directors has approved the payment of an Interim Dividend of INR 20 only per Equity Share of INR 5 each for the Financial Year 2024-25. The Record Date for the payment of the dividend will be January 31, 2025. The payment of the interim dividend will be made within the prescribed time as per the provisions of the Companies Act, 2013. Aankondiging • Jan 09
Persistent Introduces Pi-OmniKG with Google Cloud Persistent Systems announced the launch of Pi-OmniKG, an advanced AI-driven knowledge graph solution developed with Google Cloud technology. "Omni" signifies the ability to universally handle diverse data, and "KG" stands for Knowledge Graphs powered by GenAI. This innovative solution empowers healthcare and life sciences (HCLS) organizations to accelerate biomedical research, streamline data mining processes, and deliver insights with greater speed and accuracy. Biomedical research is often hindered by time-consuming and labor-intensive data mining workflows. Legacy systems struggle to incorporate and analyze diverse datasets effectively, delaying the generation of actionable insights critical for HCLS enterprises. Pi-OmniKG addresses these challenges by modernizing data integration processes, creating a holistic knowledge base to decipher complex relationships, allowing researchers to make faster, evidence-based decisions by unlocking hidden insights. Furthermore, Pi-OmniKG enables direct querying of structured and unstructured internal data assets, alone or in combination with external data. Key benefits of the solution include: Reducing hypothesis generation time, empowering researchers to make faster, evidence- based decisions. Speeding up data processing, leading to improved research efficiency. Seamlessly integrating diverse data types, files, and sources from public and private datasets, creating a unified knowledge base. Incorporating reusable components with built-in flexibility to meet specific client needs for smart decision support. Pi-OmniKG is built using Google Cloud's advanced technologies -- including the Vertex AI platform, BigQuery, and Cloud SQL -- leveraging GenAI capabilities to streamline workflows, standardize data, and enable seamless integration of structured and unstructured datasets. Its intuitive interface allows researchers to query and visualize data, uncovering novel relationships and delivering high-quality insights backed by authentic citations. Price Target Changed • Jan 07
Price target increased by 8.0% to ₹5,962 Up from ₹5,520, the current price target is an average from 33 analysts. New target price is 5.8% below last closing price of ₹6,331. Stock is up 74% over the past year. The company is forecast to post earnings per share of ₹87.62 for next year compared to ₹72.44 last year. Aankondiging • Jan 04
Persistent Systems Limited Appoints Ankur Saxena as Chief Process Transformation Officer Persistent Systems Limited announced that Mr. Ankur Saxena has been appointed as the chief process transformation officer (CPTO) with effect from January 3, 2025. Mr. Saxena completed B.Tech., Civil Engineering from IIT, Roorkee, and MBA in Finance and Marketing from IIM, Kozhikode. He has a track record of increasing business performance through identifying, planning, and executing strategic initiatives. He has expertise in managing operations, workforce planning, and resource fulfillment. Aankondiging • Jan 02
Persistent Systems Limited Announces Retirement of Sunil Sapre as Executive Director Persistent Systems Limited informed that Mr. Sunil Sapre (DIN: 06475949) has retired from the position of the Executive Director of the Company upon attaining the superannuation, effective from the closure of business hours on December 31, 2024. The Board of Directors and the Management acknowledged and appreciated Mr. Sapre for his valuable contribution during his association with the Company. Price Target Changed • Nov 06
Price target increased by 7.1% to ₹5,417 Up from ₹5,059, the current price target is an average from 34 analysts. New target price is 5.3% below last closing price of ₹5,719. Stock is up 82% over the past year. The company is forecast to post earnings per share of ₹87.18 for next year compared to ₹72.44 last year. Aankondiging • Oct 29
Persistent Systems Limited (NSEI:PERSISTENT) completed the acquisition of Arrka Infosec Private Limited. Persistent Systems Limited (NSEI:PERSISTENT) entered into a Stock Purchase Agreement to acquire Arrka Infosec Private Limited for approximately INR 140 million on September 30, 2024. The upfront payment is INR 103 million, and the founders will be eligible for a maximum cumulative earnout of INR 41 million over the next two years, contingent on achieving certain performance thresholds.
Arrka generated a revenue of INR 29 million in the fiscal year 2024.
The transaction is subject to customary closing conditions.
The transaction is expected to be completed between October 28 and November 11, 2024.
Persistent Systems Limited (NSEI:PERSISTENT) completed the acquisition of Arrka Infosec Private Limited on October 28, 2024. Reported Earnings • Oct 23
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: ₹21.19 (up from ₹17.50 in 2Q 2024). Revenue: ₹29.0b (up 20% from 2Q 2024). Net income: ₹3.25b (up 23% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 18
Persistent Systems Limited Announces the Launch of SASVA 2.0 Persistent Systems Limited announced the launch of SASVA 2.0, the latest iteration of its AI-powered platform revolutionizing software engineering with generative and deterministic AI. Engineered to drive productivity gains throughout the development process, this innovative platform now expands its capabilities beyond the traditional Software Development Lifecycle (SDLC). It delivers a fully integrated end-to-end solution from ideation to post-deployment operations for businesses across industries to drive innovation and enhance customer experiences. SASVA 2.0 provides interactive workflows and interfaces that drive meaningful, scalable outcomes for product managers, program managers, developers, customer support teams, and professional services -- redefining software development for these key personas throughout the lifecycle, from ideation to post-release support. SASVA 2.0 unlocks productivity and efficiency gains by: Conducting a comprehensive assessment of projects, providing insights into technology, product, process maturity, security, technical debt, and accurate cost/effort forecasting, helping identify areas for productivity gains and cost optimization. Leveraging historical data and market trends, enabling product managers to create context- driven, prioritized roadmaps and release plans, aligning tasks with team strengths and capacity. Expanding requirements into executable release plans, prioritizing tasks, estimating effort, recommending frameworks, and distributing work between human developers and AI for greater efficiency. Simplifying development with AI-assisted coding, bug fixing, and security enhancements, while integrating external tools for a seamless experience. Providing real-time, context-aware insights and a dynamic knowledge base to enhance customer support and professional services, enabling faster and more effective outcomes. SASVA 2.0 strengthens Persistent's commitment to secure, affordable, and comprehensive AI by seamlessly blending digital capabilities with human expertise, offering businesses an integrated platform for greater efficiency and innovation. The platform enables organizations to boost Annual Recurring Revenue (ARR) and Net Revenue Retention (NRR), accelerating time- to-market and maximizing business growth. Persistent first launched this AI-powered platform earlier this year, leading the way with an affordable AI to accelerate software engineering. Aankondiging • Oct 01
Persistent Systems Limited (NSEI:PERSISTENT) entered into a Stock Purchase Agreement to acquire Arrka Infosec Private Limited for INR 144 million. Persistent Systems Limited (NSEI:PERSISTENT) entered into a Stock Purchase Agreement to acquire Arrka Infosec Private Limited for INR 144 million on September 30, 2024. The upfront payment is INR 103 million, and the founders will be eligible for a maximum cumulative earnout of INR 41 million over the next two years, contingent on achieving certain performance thresholds.
Arrka generated a revenue of INR 29 million in the fiscal year 2024.
The transaction is subject to customary closing conditions.
The transaction is expected to be completed between October 28 and November 11, 2024. Aankondiging • Sep 24
Persistent Systems Limited to Report Q2, 2025 Results on Oct 22, 2024 Persistent Systems Limited announced that they will report Q2, 2025 results on Oct 22, 2024 Price Target Changed • Jul 22
Price target increased by 8.1% to ₹4,312 Up from ₹3,990, the current price target is an average from 32 analysts. New target price is 9.4% below last closing price of ₹4,757. Stock is up 99% over the past year. The company is forecast to post earnings per share of ₹87.20 for next year compared to ₹72.44 last year. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹4,596, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 28x in the IT industry in India. Total returns to shareholders of 235% over the past three years. Aankondiging • Jun 24
Persistent Systems Limited to Report Q1, 2025 Results on Jul 17, 2024 Persistent Systems Limited announced that they will report Q1, 2025 results on Jul 17, 2024 Reported Earnings • Jun 24
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: ₹72.44 (up from ₹61.87 in FY 2023). Revenue: ₹98.5b (up 18% from FY 2023). Net income: ₹10.9b (up 19% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jun 22
Final dividend of ₹10.00 announced Shareholders will receive a dividend of ₹10.00. Ex-date: 9th July 2024 Payment date: 12th August 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 21
Persistent Systems Limited, Annual General Meeting, Jul 16, 2024 Persistent Systems Limited, Annual General Meeting, Jul 16, 2024, at 16:00 Indian Standard Time. Aankondiging • Jun 08
Persistent Systems Launches GenAI Hub to Power New Era of Enterprise AI Adoption Persistent Systems announced the launch of GenAI Hub, an innovative platform designed to accelerate the creation and deployment of Generative AI (GenAI) applications within enterprises. This platform seamlessly integrates with an organization's existing infrastructure, applications, and data, enabling the rapid development of tailored, industry specific GenAI solutions. GenAI Hub supports the adoption of GenAI across various Large Language Models (LLMs) and clouds, without provider lock-in. To effectively leverage the potential of GenAI and translate ideas into tangible business outcomes, enterprises must seamlessly integrate it into their existing systems. With a wide array of AI models ranging from extensive to specialized, clients require a robust platform like the GenAI Hub. This platform simplifies the development and management of multiple GenAI models, expediting market readiness through pre-built software components, all while upholding responsible AI principles. The GenAI Hub is comprised of five major components: Playground is a no-code tool for domain experts to explore and apply GenAI with LLMs on enterprise data without the need for programming skills. It provides a single uniform interface to LLMs from private providers like Azure OpenAI, AWS Bedrock, and Google Gemini, and open models from Hugging Face like LLaMA2 and Mistral. Agents Framework provides a versatile architecture for GenAI application development, leveraging libraries like LangChain and LlamaIndex for innovative solutions, including Retrieval Augmented Generation (RAG). Evaluation Framework uses an 'AI to validate AI' approach and can auto-generate ground-truth questions to be verified by a human-in-the-loop. It employs metrics to track application performance and measures any drift and bias that can be addressed. Gateway serves as a router across LLMs, enabling application compatibility and improving the management of service priorities and load balancing. It also offers detailed insights into token consumption and associated costs. Custom Model Pipelines facilitate the creation and integration of bespoke LLMs and Small Language Models (SLMs) into the GenAI ecosystem, supporting a streamlined process for data preparation and model fine-tuning suitable for both cloud and on-premises deployments. The GenAI Hub streamlines the development of use cases for enterprises, offering step-by-step guidance and seamless integration of data in LLMs, enabling the rapid creation of efficient and secure GenAI solutions at scale, whether for end users, customers, or employees. Aankondiging • May 18
Persistent Systems Limited Announces Resignation of Nitha Puthran as Senior Vice President Persistent Systems Limited announced that Ms. Nitha Puthran tendered her resignation as the Senior Vice President and, SMP of the Company due to personal reasons, with effect from the closure of business hours on May 17, 2024. Aankondiging • May 16
Persistent Systems Limited Announces Chief Financial Officer Changes Persistent Systems Limited announced that Mr. Sunil Sapre, Executive Director and Chief Financial Officer willing to relinquish the position of Chief Financial Officer (`CFO') effective from the closure of business hours on May 15, 2024 (IST). The Board of Directors approved the appointment of Mr. Vinit Teredesai as the Chief Financial Officer of the Company with immediate effect. With immediate effect on May 15, 2024 (IST) to perform the dutiesassigned to Mr. Teredesai as the Chief Financial Officer of the Company from time to time. Mr. Teredesai has over 28+ years of experience in finance, accounting, auditing, taxation, fund raising, risk management, mergers and acquisitions, and corporate restructuring. Earlier, he had served as the CFO of LTIMindtree Limited and prior to that as the CFO of Mindtree Limited. Mr. Teredesai is a qualified Chartered Accountant, Cost and Management Accountant, and a Certified Public Accountant of the USA. He has also completed a General Management Program from the Massachusetts Institute of Technology (MIT) Sloan School of Business focusing on strategy, innovation, and technology. Aankondiging • May 08
Persistent Systems Announces Launch of Persistent Iaura, A Suite of Ai-Powered Data Solutions Engineered to Catalyze Business Growth Persistent Systems announced the launch of Persistent iAURA, a suite of AI-powered data solutions engineered to catalyze business growth. iAURA empowers businesses with seamless deployment and precision in addressing data challenges for AI implementations. The solutions harness AI and ML to uncover hidden patterns, enabling data-driven decision-making, enhanced business intelligence, and automated data quality assurance and reconciliation. In today's data-driven world, businesses face challenges in handling large amounts of data while ensuring quality, governance, and cost control, often requiring specialized technical expertise. These challenges hinder strategic decision-making and impede growth, especially with the rise of AI, which requires access and integration of large amounts of high-quality data. As businesses aim to utilize AI, they face obstacles in utilizing data, including extracting actionable insights, ensuring quality, and automating migration processes. iAURA offers tailored solutions, expediting the transition to AI-driven enterprises, providing a comprehensive approach from data ingestion to insights using analytics and accelerators. The AI-first solutions for complete enterprise data management in the iAURA portfolio include: iAURA Insights empowers teams to talk to their data in natural language and get relevant business insights.iAURA Migrate automates and accelerates migration and modernization of data technologies using GenAI-enabled tools. It is a comprehensive suite of solutions that spans across Business Intelligence, ETL, Data Warehouse, among others. iAURA Data Ops ensures AI-driven data quality, data reconciliation, and data freshness. iAURA Platforms aid clients in managing tool choice, governance, security, and cost through data and AI platform services.In initial engagements, the benefits of iAURA have been substantial. With iAURA Insights, Persistent developed virtual agents driven by GenAI to seamlessly guide users on a step-by-step journey from business requirements to proposals. This enabled a leading pharmaceutical company to accelerate proposal response time by 90%. iAURA is compatible with all major hyperscaler platforms and all leading LLM providers, giving clients the flexibility to deploy on their preferred choice of technologies. By combining advanced software solutions, robust platform capability, and deep implementation expertise, iAURA provides clients with unparalleled agility in deployment models. It integrates Persistent's IP as accelerators and APIs, ensuring seamless integration and optimal performance. Reported Earnings • Apr 23
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: ₹72.44 (up from ₹61.87 in FY 2023). Revenue: ₹98.2b (up 18% from FY 2023). Net income: ₹10.9b (up 19% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 08
Persistent Systems Limited Launches Population Health Management Solution Using Microsoft Azure OpenAI Service Persistent Systems launched an innovative Generative AI-powered Population Health Management (PHM) Solution in collaboration with Microsoft. Aligned with value-based care models, the Solution identifies Social Determinants of Health (SDoH) to determine patients' non-clinical needs and better predict the cost of care driven by clinical conditions. It helps patients receive quality care at the right time and in the right place, while optimizing capacity and cost-effectiveness for healthcare providers and organizations. Predive risk modeling is a critical tool to identify patients who will require significant medical assistance, as a relatively small proportion of the population accounts for the majority of healthcare spending. Leveraging Microsoft Azure OpenAI Service and Dynamics 365 Customer Insights, Persistent's PHM Solution identifies SDoH based on Electronic Health Records (EHR) data. Since up to 80% of key patient information within an EHR is in the form of unstructured clinical notes, Persistent's Solution accurately extracts this information, unlike PHM solutions in the market, which are solely dependent on third-party data sources or survey data. This innovative method, compared to existing natural language processing-based approaches, is intended to improve patient outcomes through more timely and intelligent care recommendations, and provides higher accuracy, improved scale, and increased compliance. In addition, Persistent's PHM solution assists a physician or a caregiver in recommending personalized interventions through community-based programs and care management teams to prevent emergency department visits, avoidable readmissions, and extended hospital stays. The Solution decreases 30-day readmissions by up to 60%, and continuously monitors correlations and outcomes to ensure quality patient engagement. Persistent and Microsoft share a longstanding 32-year relationship. With more than 4,500 Microsoft-certified consultants and 50+ IPs and accelerators, Persistent is focused on establishing a resilient ecosystem supported by delivering top-notch digital solutions that aim to improve health outcomes, offer enriched patient experiences, reduce care costs, and optimize operational efficiency. The PHM Solution is a testament to Persistent's deep domain expertise and proficiency in leveraging Microsoft platforms to help its clients deliver personalized healthcare. The PHM Solution is currently available on Azure Marketplace. Price Target Changed • Jan 23
Price target increased by 12% to ₹7,364 Up from ₹6,593, the current price target is an average from 30 analysts. New target price is 11% below last closing price of ₹8,257. Stock is up 80% over the past year. The company is forecast to post earnings per share of ₹144 for next year compared to ₹124 last year. Reported Earnings • Jan 21
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: ₹37.83 (up from ₹31.90 in 3Q 2023). Revenue: ₹25.4b (up 17% from 3Q 2023). Net income: ₹2.86b (up 20% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 21
Persistent Systems Limited Approves an Interim Dividend for the Financial Year 2023-24 The Board of Directors of Persistent Systems Limited has approved the payment of an Interim Dividend of INR 32 per Equity Share of INR 10 each for the Financial Year 2023-24, at the board meeting held on January 19, 2024 and continued on January 20, 2024. Aankondiging • Dec 01
Persistent Systems Announces Executive Appointments Persistent Systems announced that Dhanashree Bhatjoined as the Chief Operating Officer. She will lead IT, Administration & Facilities, Learning & Development, Enterprise risk management, ESG and Delivery excellence. She comes with diverse experience from multiple leadership roles at Tech Mahindra over the last two decades. In her last role, she served as Chief Delivery Officer of the Communications, Media and Telecom (CMT) group. Dhanashree is an advocate for women in tech, DEI, and education for the girl child. Dhanashree's service delivery rigor combined with her deep operations experience will further strengthen Persistent's service delivery. Sumit Arora has joined as Senior Vice President responsible for setting up and driving the Consulting practice. He comes to Persistent with extensive experience in consulting and technology services. He will play a crucial role in helping clients develop strategies to modernize core business operations, with a strong emphasis on enhancing customer experience and digital capabilities. Sumit joins Persistent from Wells Fargo, where he was Senior Vice President – Enterprise Payments Strategy and Planning. Aankondiging • Nov 20
Persistent Launches First-Of-Its-Kind Open-Source Maintenance Service Persistent Systems launched a unique open-source maintenance service to facilitate keeping an organization's open-source software up to date with all patches, bug fixes, and incorporating the latest software releases. The service is comprised of a dedicated team of experts and specialists dealing with a wide range of complex software, equipped with the latest technologies, and backed by a knowledge base to help clients maintain their open-source software with all releases for the continuity of business operations. More than 90% of an application's software is constructed using open-source components. While open-source software offers numerous advantages, it also presents particular challenges in an enterprise environment. Organizations face delays in software upgrades and maintenance while waiting for the open-source community to provide fixes, which in turn means potentially missing software delivery and security compliance obligations. Persistent's open-source maintenance service aims to address this challenge with a dedicated team focused on component upgrades while maintaining security and integrity. It accelerates an enterprise's ability to optimize operations and improves efficiency with fast, high-quality, compatible, and secure fixes in hours instead of days by leveraging cutting-edge technologies like Large Language Models and Generative AI, among others. To opt in to tailored open-source solutions, the Company offers two subscriptions. One provides timely alerts and support for available solutions with customized fixes if solutions are unavailable within the open-source community; the premium subscription is a comprehensive package that provides end-to-end automated deployment of solutions, streamlining the implementation process. Each fix is tested, SLSA-3 compliant, and compatible with the project. Persistent has partnered with Lineaje Inc., a leading expert in software supply chain security management, to integrate its technology and advanced AI capabilities into Persistent's open-source service. Lineaje will enable the Company to help clients gain visibility into open-source components and provide impact assessment and prioritization of maintenance based on compatibility, integrity, and security in their supply chain. This service ensures open-source updates are compatible with existing software components, provides VEX (Vulnerability Exploitability eXchange) documents for potential vulnerabilities, and delivers pre-tested certified fixes for risks in a timely manner. Reported Earnings • Oct 21
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: ₹35.00 (up from ₹29.61 in 2Q 2023). Revenue: ₹24.5b (up 20% from 2Q 2023). Net income: ₹2.63b (up 20% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 15
Persistent Systems Limited Appoints Ayon Banerjee as Chief Strategy & Growth Officer Persistent Systems Limited announced that Mr. Ayon Banerjee has been appointed as the Chief Strategy & Growth Officer with effect from October 13, 2023. Mr. Ayon Banerjee is a B.E. (Mechanical) and has completed an MBA (Consulting and Supply Chain Management). He has expertise in diversified fields of Consulting, Telecom, and IT industry. He has driven large-scale technology-led transformations across multiple organizations. Reported Earnings • Jul 21
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: ₹30.50 (up from ₹28.50 in 1Q 2023). Revenue: ₹23.4b (up 25% from 1Q 2023). Net income: ₹2.29b (up 8.1% from 1Q 2023). Profit margin: 9.8% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 06
Persistent Systems Limited Unveils Private 5G Lab Persistent Systems recently inaugurated a 5G Lab to provide a testing and development environment for network functions and product development activities for operators and network equipment vendors, as well as for Communications, Media, and IoT independent software vendors (ISVs). The Lab encourages interoperability and quick deployment to achieve faster monetization of 5G solutions. It will provide a setup to test end-to-end industry use cases in multi-cloud orchestration, Open RAN, MEC, and more. The 5G Lab in Pune, India, was inaugurated by Matt Price, Vice President of Engineering, Provider Mobility at Cisco Systems. The Lab will allow developers to conduct operator trials and integration tests. In addition, the Lab environment provides resources for quickly validating and improving interoperability and system-generated tests for pre-operator testing. The Lab's primary focus is to facilitate the development of products and services that can take advantage of 5G's capabilities. It includes testing and demonstrating the ability of 5G applications to operate in a network environment that provides high-speed connectivity, low latency, and high reliability. The Lab provides a platform for 5G application providers to showcase their products and services, as well as demonstrate how 5G can enhance user experience and drive business growth. According to a report by Juniper Research, over 80% of global operator-billed revenue is expected to be attributable to 5G connections by 2027. The report also projected that the number of 5G connections will grow to reach 3.2 billion by 2026, up from 310 million in 2020. The report further suggests that 5G network deployments will accelerate in the coming years, with more countries and service providers launching 5G networks to meet the growing demand for high-speed and low-latency services. 5G Lab will unite network OEMs, ISVs, and a team of experts from Persistent's ecosystem to enable and support application providers with market-leading open source solutions in a multi-vendor 5G test environment. The Lab supports the latest 5G- powered scenarios, including network slice management for private 5G, AI-powered closed loopautonomous network management, full stack observability, and industrial IoT. This initiative by Persistent and Cisco will enable key partners to showcase their 5G solutions and the impact of 5G on the industry. Upcoming Dividend • Jul 04
Upcoming dividend of ₹22.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 11 July 2023. Payment date: 17 August 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.0%). Aankondiging • Jun 21
Persistent Systems Limited, Annual General Meeting, Jul 18, 2023 Persistent Systems Limited, Annual General Meeting, Jul 18, 2023, at 16:00 Indian Standard Time. Location: Persistent Systems Limited, Dewang Mehta Auditorium, Bhageerath, 402 Senapati Bapat Road Pune Maharashtra India Aankondiging • May 16
Persistent Systems Limited Appoints Gurvinder Sahni as Chief Marketing Officer Persistent Systems Limited announced the appointment of Gurvinder Sahni as Chief Marketing Officer. In this role, he will be responsible for leading and setting the strategic vision for Persistent's global marketing team. Gurvinder joins Persistent with extensive experience in global enterprise marketing transformation. He joins the Company after 20 years at Wipro Ltd., spanning various leadership roles, including Chief of Staff for the Chairman's office, Strategic Advisor to the Chief Growth Office and Chief Marketing Officer, among others. Gurvinder has several certifications, including Black Belt Leadership and Green Belt Six Sigma and is ranked as one of the top 15 marketers on Twitter by Bloggers Alliance. He brings a passion for results-driven marketing, collaboration, client-centricity and influencer marketing. Gurvinder will be a member of Persistent's executive leadership team and is based out of New Jersey, USA. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: ₹124 (vs ₹90.34 in FY 2022) Full year 2023 results: EPS: ₹124 (up from ₹90.34 in FY 2022). Revenue: ₹83.5b (up 46% from FY 2022). Net income: ₹9.21b (up 33% from FY 2022). Profit margin: 11% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹4,591, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the IT industry in India. Total returns to shareholders of 583% over the past three years. Price Target Changed • Jan 20
Price target increased to ₹4,532 Up from ₹4,126, the current price target is an average from 24 analysts. New target price is approximately in line with last closing price of ₹4,324. Stock is up 0.5% over the past year. The company is forecast to post earnings per share of ₹124 for next year compared to ₹90.34 last year. Reported Earnings • Jan 19
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: ₹31.90 (up from ₹23.08 in 3Q 2022). Revenue: ₹22.0b (up 48% from 3Q 2022). Net income: ₹2.38b (up 35% from 3Q 2022). Profit margin: 11% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 19
Persistent Systems Limited Approves Interim Dividend for the Financial Year 2022-2023, Payable by February 6, 2023 Persistent Systems Limited announced that at the board meeting held on January 18, 2023 has approved payment of an Interim Dividend of INR 28/- per Equity Share of INR 10 each for the Financial Year 2022-2023. Record date is January 27, 2023. It will be paid to the Members by February 6, 2023. Aankondiging • Nov 22
Persistent Systems Limited Announces Retirement of Anant Jhingran, Independent Director Persistent Systems Limited announced that Dr. Anant Jhingran, Independent Director of the Company, retired with effect from November 20, 2022. The re-appointment of Dr. Jhingran for the second term was made on November 21, 2017, for a period of 5 years. Accordingly, he retired as an Independent Director with effect from November 20, 2022. Aankondiging • Nov 01
Persistent Launches Innovative Cyber Recovery Solution with Google Cloud Persistent Systems Limited announced the launch of 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. Persistent Intelligent Cyber Recovery is now available on the Google Cloud Marketplace. Hackers are increasing the frequency and scale of ransomware attacks. They are using continually evolving and sophisticated techniques, which makes recovery from attacks more challenging. These attacks may lead to sensitive data leakage, loss of business, and damage to brand reputation. It is crucial for organizations to not only focus on protection against cyber-attacks but also strengthen their recovery process. Traditional backup and Disaster Recovery (DR) solutions are not designed for recovery from cyber-attacks. Persistent Intelligent Cyber Recovery includes tailored recovery plans, Persistent IP for finding and remediating malware, and the optional managed services to administer the recovery process. Persistent's solution integrates with Google Cloud to provide a secure recovery environment and Google Cloud Backup and DR for protecting the server images. Reported Earnings • Oct 21
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: ₹29.61 (up from ₹21.17 in 2Q 2022). Revenue: ₹20.6b (up 52% from 2Q 2022). Net income: ₹2.20b (up 36% from 2Q 2022). Profit margin: 11% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.4%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 23
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: ₹28.50 (up from ₹19.79 in 1Q 2022). Revenue: ₹18.8b (up 53% from 1Q 2022). Net income: ₹2.12b (up 40% from 1Q 2022). Profit margin: 11% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 32%, compared to a 13% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₹3,631, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 25x in the IT industry in India. Total returns to shareholders of 566% over the past three years. Price Target Changed • Jul 06
Price target decreased to ₹4,263 Down from ₹4,585, the current price target is an average from 22 analysts. New target price is 27% above last closing price of ₹3,363. Stock is up 20% over the past year. The company is forecast to post earnings per share of ₹115 for next year compared to ₹90.34 last year. Upcoming Dividend • Jul 04
Upcoming dividend of ₹11.00 per share Eligible shareholders must have bought the stock before 11 July 2022. Payment date: 18 August 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.9%). Lower than average of industry peers (1.8%). Aankondiging • Jun 11
Persistent Systems Board Appoints Dan'l Lewin as an Additional Director (Independent Member) Persistent Systems Limited informed that basis the recommendation of the Nomination and Remuneration Committee of the Board of Directors of the Company, the Board of Directors has appointed Mr. Dan'l Lewin as an Additional Director (Independent Member) of the Company with effect from June 10, 2022 for a period of 5 years subject to approval by the Shareholders of the Company at its upcoming Annual General Meeting. Aankondiging • Jun 09
Persistent Systems Limited, Annual General Meeting, Jul 19, 2022 Persistent Systems Limited, Annual General Meeting, Jul 19, 2022. 
