Sunday, January 24, 2016

Better than expected Q3 results for Persistent Systems

Pune-headquartered software firm Persistent Systems has posted better than expected number for the quarter ended December 2015 with sales of Rs 592.07 cr, a growth of 9.1% sequentially and 19.7% year-on-year.

Profit after tax for the quarter was Rs 77.48, up 7.8% sequentially and 4.1% year-on-year. The dollar revenue for the quarter was up 8.1 % sequentially at $89.65 million.Anand Deshpande, Managing Director and CEO, Persistent Systems said “Our strategy continues to pay off. Our platform-based solutions and a robust partner ecosystem drives our strategy for enterprise digital transformation. Our acquisitions are strengthening our technology expertise, all helping fuel a record quarter for us.”