Growth trajectory to aid higher valuations for Persistent Systems
Business Standard|October 24, 2024
Midcap IT major Persistent Systems (PSYS) delivered a strong Q2FY25 performance which led to an 11 per cent uptick in its stock price on Wednesday. The company reported a 17 per cent growth in H1FY25 Annual Contract Value (ACV) and a 27 per cent growth in new ACV. There was margin consistency despite wage increases.
DEVANGSHU DATTA

PSYS registered Q2FY25 revenue at $345.5 million (up 5.3 per cent Q-o-Q in dollar terms). In constant currency terms, growth was 5.1 per cent Q-o-Q. Operating profit grew 5.6 per cent Q-o-Q (18.6 per cent Y-o-Y) to ₹480 crore and margin came in at 16.6 per cent. Net profit was ₹320 crore, up 6.1 per cent Q-o-Q (up 23.4 per cent Y-o-Y).

For H1FY25, revenue grew 19 per cent Y-o-Y, while operating profit was up 16.7 per cent and net profit grew 16.8 per cent compared to H1FY24. The Street expects over 20 per cent growth across revenue, operating profit and net profit in H2FY25.

هذه القصة مأخوذة من طبعة October 24, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 24, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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