Persistent Systems533179Information technology services
Persistent Systems stock declined despite revenue and constant currency growth meeting estimates, due to margin miss and acquisition costs
By ScoutQuest · · 1 min read
- Margin miss vs expectation
- 100 basis points lower
- Expected margin downtick
- 40 basis points
- European geography growth
- 8.5 percent
- Profit decline
- 28 percent
Heard on business television between 12:54:30 - 12:57:30 IST.
- Analyst said margin came in 100 basis points lower than expected versus an anticipated 40 bps downtick.
- European geography growth slowed to 8.5% this quarter, creating uncertainty on future trajectory.
- Profit fell about 28% due to extra integration costs from the Nagaro acquisition, with management expecting costs to continue.
- Valuation concern flagged as stock trades expensive versus top five IT companies while failing to deliver similar growth.
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Source: Live TV News Channel · 16 Oct 2026
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