Persistent Systems533179Information technology services
Persistent Systems' profitability was hit by Nagarro deal expenses despite the stock trading higher
By ScoutQuest · · 1 min read
- Current revenue growth
- 7.2 percent year-on-year
- Margin commitment for the year
- 15 percent
Heard on business television between 13:04:12 - 13:07:12 IST.
- Persistent Systems sulked as Nagarro deal expenses hit profitability.
- The stock was trading higher despite delivering flat revenue growth in the second quarter, contrary to expectations of negative growth.
- Deal wins remained subdued; management told Live TV News Channel that a couple of deals got delayed to the third quarter and are likely to pick up.
- Management said the AI-led pricing deflation narrative is overdone and that client productivity expectations have always existed across technology waves (consolidation, Agile, automation, now AI).
- Management reaffirmed commitment to a 15% margin for the year while focusing on growth, which has grown from a 5% year-on-year shrinkage in the past to 7.2% year-on-year growth now; growth has been largely organic with inorganic moves only for strategic portfolio gaps.
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Source: Live TV News Channel · 16 Oct 2026
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