Persistent Systems reports strong growth of 7.4% Q-o-Q and 12.9% Y-o-Y for Q3FY21 on revenue of $146.15 Million

Persistent Systems reports strong growth of 7.4% Q-o-Q and 12.9% Y-o-Y for Q3FY21 on revenue of $146.15 Million

PR Newswire

PUNE, India and SANTA CLARA, Calif., Jan. 28, 2021

PUNE, India and SANTA CLARA, Calif., Jan. 28, 2021 /PRNewswire/ --

News Summary

Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT) today announced the Company's audited financial results for the quarter ended December 31, 2020, as approved by the Board of Directors.

Persistent Systems Logo

Consolidated Financial Highlights for the Quarter ended December 31, 2020:


Q3FY21

Q-o-Q growth

Y-o-Y growth

Revenue (USD Million)

146.15

7.4%

12.9%

Revenue (INR Million)

10,753.98

6.7%

16.5%

EBITDA (INR Million)

1,824.78

10.1%

47.8%

PBT (INR Million)

1,650.10

20.0%

44.8%

PAT (INR Million)

1,209.24

18.6%

37.5%

 

The Board of Directors declared an Interim Dividend of ₹14 per share on the face value of ₹10 each for the Financial Year 2020-21. 

Anand Deshpande, Founder, Chairman and Managing Director, Persistent Systems:

"I want to thank all of our clients for the trust they continue to put in us as we explore new technologies, delivery models and new ways of working together to deliver digital excellence to their customers. This has been a year unlike any other and I am very proud of the resilience demonstrated by our team members across Persistent."

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems:

"Thanks to the passionate efforts of our more than 12,000 team members, we have accelerated growth and reinforced our capabilities across all areas of the company. We continue to deliver engineering solution expertise in our key industry segments and service lines, helping our customers imagine their new digital future. As a result, we see growth in our average deal size and once again this quarter we closed several large deals."  

Third Quarter FY21 Client Wins and Outcomes

Banking, Financial Services and Insurance

Healthcare & Life Sciences

Software, Hi-Tech & Emerging Verticals

Partner Ecosystem

Analyst Recognition

Other News

About Persistent

With 12,000+ employees around the world, Persistent Systems (BSE & NSE: PERSISTENT) is a global solutions company delivering digital business acceleration, enterprise modernization and digital product engineering

www.persistent.com

Forward-looking and Cautionary Statements

For risks and uncertainties relating to forward-looking statements, please visit persistent.com/FLCS

Media Contacts

Ken Montgomery
Persistent Systems (Global)
+1 213 500 8355
ken_montgomery@persistent.com

Saviera Barretto
Archetype
+91 84249 17719
saviera.barretto@archetype.co

Logo - https://mma.prnewswire.com/media/1022385/Persistent_Systems_Logo.jpg

 

Voltar noticias em Inglês