Persistent Systems Top Management Shares Key Strategies, Outlook & Growth Plan For FY25

#modinomics #persistentsystems #q1fy25 #persistentsystemsnetprofit #TotalContractValue #businessnews
Persistent Systems’ net profit in Q1FY25 was down 2.8%, at ₹306.4 crore, from ₹315.3 crore in the previous quarter. The company’s revenue rose 5.7%, to ₹2,737 crore, from ₹2,590.5 crore sequentially. Growth was again led by the healthcare sector, which was up 16.5% QoQ. Hi-Tech declined 0.5% QoQ, while BFSI grew 5.9% QoQ. In terms of regional performance, North America and Europe grew 6.4% and 5.6% sequentially, while APAC was stable at 0.3% QoQ. EBIT rose 2.5%, to ₹383.8 crore, from ₹374.4 crore, while the EBIT margin improved by 50 bps to 14% from 14.5% QoQ. The order booking for the quarter ended June 30, 2024, was at $462.8 million in Total Contract Value (TCV) and $337.3 million in Annual Contract Value (ACV) terms. Catch Sakshi Batra in an exclusive conversation with Sandeep Kalra, Chief Executive Officer of Persistent Systems, sharing key strategies, performance, and growth plans.
#PersistentSystemsQ1Results #NetProfit #RevenueGrowth #HealthcareSector #BFSI #HiTech #RegionalPerformance #EBIT #OrderBooking #TCV #ACV #FinancialPerformance #TechIndustry #BusinessNews #SandeepKalra #GrowthPlans #InvestorNews
-----------------------
Thank You for watching! Do not forget to Like | Comment | Share
-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
Follow us at:
Website: www.businessto...
WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I
Facebook: / businesstoday
twitter: / business_today
Instagram: / business_today