Persistent Systems
BSE 533179 · ISIN INE262H01021
56 stories, newest first · page 1 of 2.
- Q2 FY27 call: revenue USD 487.6 million, EBIT margin 15%, order book USD 633.5 million
- ICRA keeps [ICRA]AA+ on Rating Watch Negative for Rs.7,000.0 crore NCDs; assigns [ICRA]A1+ to Rs.1,000.00 crore commercial paper
- Persistent Systems QIP of 4,260 crore rupees opened, stock flat
- Persistent Systems launched a $450 million QIP to fund the Nagaro acquisition, causing a gap-down opening
- Persistent Systems opened its QIP on October 20 to raise about Rs 4,260 crore ($450 million) as bridge financing for the Nagaro acquisition
- Persistent Systems to raise funds via QIP at indicative price of ₹5,550/share, a discount to previous close, to fund Nagaro acquisition
- Persistent Systems opened a QIP of up to Rs 4,265 crore with a floor price of Rs 5,550 per share
- CRISIL assigns Crisil AA+ under Rating Watch with Developing Implications to Rs. 7000 Crore proposed NCDs
- Floor price for the Issue taken on record at INR 5,761.00 per Equity Share
- QIP opens; floor price fixed at INR 5,550 per Equity Share, issue size up to USD 450 million
- Persistent Systems opens QIP, floor price fixed at INR 5,550 per Equity Share
- Persistent Systems faces margin and acquisition cost concerns
- Persistent Systems' profitability was hit by Nagarro deal expenses despite the stock trading higher
- Persistent Systems stock declined despite revenue and constant currency growth meeting estimates, due to margin miss and acquisition costs
- Persistent Systems stock sulked as Naganro deal expenses hit profitability
- Persistent Systems recovered in trade after falling on a margin miss versus estimates
- Persistent Systems shares fell about 4.5% as margins and bottom line missed estimates, hurt by Nagro acquisition integration costs and European deal ramp-down
- Special Committee approves terms of NCD issue up to INR 8,000 Crores and CP issue up to INR 1,000 Crores
- Special Committee approves NCD issuance terms up to INR 8,000 Crores for Nagarro SE acquisition
- Persistent Systems shares fell about 5% after results showed margins were not exciting
- Parag Thakkar said Persistent showed strong revenue growth but margin dilution, and he would not buy the stock now
- Persistent Systems posted in-line revenue but missed on margins and profit; brokerage view remains positive due to sustained growth streak
- Persistent Systems posted Q results with revenue in line with estimates but profit and margin missed due to extra costs from the Nagaro acquisition
- Persistent Systems saw a short build-up with stock down almost 1%, though constant currency growth stayed strong despite margin impact from the Nagaro deal
- Persistent Systems beat revenue estimates but missed on margins, with PAT impacted by M&A deal costs
- Persistent Systems posts outcome and recordings of Q2 FY27 investor/analyst call held October 15, 2026
- Board approves audited financial statements for the quarter and half year ended September 30, 2026
- Q2 FY27: Revenue up 20.0% YoY to USD 487.6M; Nagarro stake ~94.04% secured
- Persistent Systems Q2 FY27: revenue up 20.0% YoY to USD 487.6M; PAT down 25.4% on Nagarro acquisition costs
- Board approves audited results for quarter and half year ended September 30, 2026; unmodified auditor opinion
- Third Hyderabad facility inaugurated to strengthen AI and Modernization delivery
- ICRA assigns [ICRA]AA+; Rating Watch with Negative Implications to proposed Rs. 5,000.0 crore NCDs of Persistent Systems
- Chief Delivery Officer tenders resignation citing personal reasons, effective October 14, 2026
- Nagarro takeover offer ends successfully; 94.04% stake secured, squeeze-out planned
- Takeover offer update: 10.79% of Nagarro secured in additional acceptance period
- Corrigendum: institutional investor interaction date corrected to September 30, 2026
- Analyst reiterated bullish trading setup on Persistent Systems with target toward 5800
- Persistent Systems to hold investor/analyst call on October 15, 2026 at 5:00 PM IST to discuss Q2 FY27 results
- Persistent Systems' shareholders approved borrowing and securities issuance limits to fund the Nagarro acquisition
- Members approve alteration of Article 12(iii) on further issue of shares
- EGM voting results: all 4 resolutions passed, including borrowing limit rise to USD 1,250 million
- EGM outcome: borrowing limit, charge creation and securities issuance resolutions put to vote
- Markets Quota Constitution Equities turns bullish on Persistent Systems after recent underperformance, though flags dilution risk from pending $1.25 billion QIP
- Kotak Institutional Equities double-upgraded Persistent Systems from reduce to buy with a target price of 6250 rupees ahead of IT earnings season
- Kotak Institutional Equities double-upgraded Persistent Systems to buy with a target price of 6,250 rupees, about 15% upside
- Allotment of 400,000 equity shares to ESOP Management Trust at INR 5 per share
- Sachidanand of Trade Bulls recommended building fresh long positions in Persistent Systems
- Persistent holds group and one-on-one sessions with 16 institutional investors; reiterates Sept 19 investor presentation
- Group meeting with Millennium, Balyasny, Schonfeld, SIG and others on September 30, 2026
- Persistent holds five one-on-one investor meets on Sept 29, 2026; reiterates Sept 19 investor presentation
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