Persistent Systems

By 11:11 AM, the Nifty IT index had come off its peak but was still trading 0.82 per cent higher at 45,199.40. In comparison, the broader Nifty50 index was up a modest 0.11 per cent at 24,646.30

The information technology (IT) stocks were in great demand on Wednesday, with Nifty IT index surging 3.56 per cent in intraday deals

The company continues to outpace the industry. Healthcare, and banking, financial services and insurance (BFSI) were the two verticals contributing to growth

Analysts anticipate growth momentum to return in FY25 for IT sector, aided by a lower base coupled with easing sectoral headwinds.

Persistent System's consolidated net profit grew 23.44 per cent to Rs 324.90 crore in the September quarter (Q2FY25). The company's profit stood at Rs 263.2 crore in the year-ago period (Q2FY24)

IT services firm Persistent Systems has reported a 23.44 per cent increase in consolidated net profit to Rs 324.9 crore in the September 2024 quarter. The company's profit stood at Rs 263.2 crore in the year-ago period. Revenue from operations for the quarter under review was Rs 2,897.1 crore, up 20.13 per cent from Rs 2,411.6 crore in the quarter-ended September FY24. "This quarter, we continued to strengthen our capabilities and advance our AI-led, platform-driven services strategy. We brought on Starfish Associates to elevate our AI-powered contact center modernisation; the addition of Arrka expands our comprehensive offerings in digital governance, including data privacy, AI governance and cybersecurity," its CEO and Executive Director Sandeep Kalra said. During the quarter, the order booking was USD 529 million (around Rs 4,447 crore) in Total Contract Value (TCV) terms. The Pune-headquartered firm has a global headcount of more than 23,200 employees, with 19,899 staff in ...

The surge in IT stocks was fuelled by the US Federal Reserve's decision to cut interest rates by 50 basis points, lowering the target range to 4.75 per cent to 5 per cent.

The total purchase consideration payable for the acquisition is $4.70 million

The IT sector is on the cusp of a mild but possibly sustained recovery in client spending, and the impending rate cut cycle should add to the sector tailwinds, according to MOFSL.

Coforge CEO Sudhir Singh's annual remuneration in FY24 stood at Rs 105.12 crore, positioning him at the second spot after Wipro's former CEO Thierry Delaporte

These 10 companies had fixed July 09 as the record date for a dividend payout of up to Rs 30 per share.

Persistent Systems Inc., the US-based subsidiary of company, entered into a stock purchase agreement on July 2, 2024, to acquire Starfish Associates for a total acquisition cost of $20.7 million

The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.

The surge in share price came on the back of a divided announcement, coupled with Accenture's Q3 performance, which met street expectations

The uptick in share price came after the IT major announced that it has entered into a long-term strategic partnership agreement with Google Cloud, to drive innovative solutions

HDFC Life, CoForge and Syngene are the other 3 stocks trading in oversold zone; Technically a RSI reading below 30 on the charts is considered oversold; here are the key levels.

Margins were impacted by one-time transition costs due to onsite ramp-up using subcontractors, lower utilisation on account of lateral hiring for ramp-up and higher travel expenses

Mid-tier IT services company Persistent Systems will be "cautious" on campus hiring in the new fiscal on the back of the ease which it sees in getting the talent when the business requires, a top official has said. The company will prioritise growth over profitability at a time when macroeconomic uncertainties have dented demand for IT services, its chief executive Sandeep Kalra told PTI. On the hiring front, he said the company had made 700 offers to freshers in FY24 and over 500 of them have already joined. Making it clear that it will honour all the hiring commitments made earlier, Kalra said the remaining ones will join in the next three-four months. Kalra said he does not see the need to hire talent ahead of the curve at present because of the easing attrition levels in the IT industry, which help it hire talent as and when required once clarity emerges on the business front. The current situation has led to a relook into the hiring plan for the new fiscal at the ...

The total contract value for the fourth quarter came in at $447.7 million, a slight drop from the previous quarter's $475 million

Shares of information technology company Persistent Systems slumped 8.6 per cent at Rs 3,550 on the BSE in Monday's intraday deals