Persistent Systems533179Information technology services
Persistent Systems posted in-line revenue but missed on margins and profit; brokerage view remains positive due to sustained growth streak
By ScoutQuest · · 1 min read
- Constant currency growth
- 7.8 percent
- Estimate for constant currency growth
- 7 percent
- Total contract value
- 633.5 million dollars
- Prior quarter TCV
- 1.15 billion dollars
Heard on business television between 08:24:36 - 08:27:36 IST.
- Revenues in line with estimates, margins and profit missed.
- 26th consecutive quarter of sequential revenue growth; constant currency growth at 7.8% versus 7% estimate, better than first quarter.
- Nagaro acquisition and related costs impacted PAT.
- Total contract value came in at $633.5 million, lower than $1.15 billion in first quarter but compared against a high base.
- Brokerages said the TCV is sufficient to sustain near-term growth.
- Kotak maintained a buy rating and hiked target price, calling it a reasonable quarter.
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Source: Live TV News Channel · 16 Oct 2026
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