Pune-based Persistent Systems reported net profit of Rs 57 crore for the first quarter ended June 30, 2013 up 37.3% from the correspondign quarter last financial year.
The company's revenue was up 18.8% at Rs 357.28 crore compared to the same quarter last year.
"Our investments in Platform Solutions across our four key focus areas have positioned us well. As we continue to expand globally, more companies look to Persistent Systems to help them implement these disruptive technologies with the expectation that their investment will deliver faster, better, more collaborative, secure access to the information they need," said Anand Deshpande, Chairman and Managing Director, Persistent Systems.
On sequential basis the company's net profit was up 10% and revenue were up 7%.
