Persistent Systems zooms 18%, hits 52-week high on strong June quarter nos

In US dollar terms, revenue grew 9.5 per cent YoY to $131.02 million. Sequentially, the numbers increased by 3.1 per cent.

Shares of Persistent Systems surged as much as 18.3 per cent to hit a 52-week high of Rs 915 apiece on the BSE on Monday after the company reported a strong set of numbers for the quarter ended June 2020 (Q1FY20). 

At 09:33 am, the stock was trading 12 per cent higher at Rs 866.20 on the BSE against Friday's close of Rs 773.15. In comparison, the S&P BSE Information Technology index was trading over 1 per cent higher at 17,580 points while the benchmark S&P BSE Sensex was quoting 126 points or 0.33 per cent lower at 38,003 levels. 

For the