Persistent Systems Ltd is up for a third straight session today. The stock is quoting at Rs 5783.6, up 1.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 23682.8. The Sensex is at 78137.76, up 1.27%. Persistent Systems Ltd has gained around 1.13% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has gained around 0.99% in last one month and is currently quoting at 41952.8, up 1.64% on the day. The volume in the stock stood at 3.67 lakh shares today, compared to the daily average of 5.13 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 5779.4, up 0.81% on the day. Persistent Systems Ltd is up 81.34% in last one year as compared to a 19.6% jump in NIFTY and a 31.72% jump in the Nifty IT index.The PE of the stock is 91.34 based on TTM earnings ending September 24.Powered by Capital Market - Live

On year on year (YoY) basis, the company's net profit and revenue jumped 23.4% and 20.1% in Q2 FY25. Profit before tax (PBT) jumped 8.48% YoY to Rs 434.52 crore during the quarter. EBITDA stood at Rs 480.73 crore, registering the growth of 18.7% YoY. EBITDA margin stood at 16.6% In dollar terms, the IT firm's revenue stood at $345 million in Q2 FY25, up 5.3(QoQ) and up (18.4% YoY). The order booking for the quarter ended on September 30, 2024, was at $529.0 million in Total Contract Value (TCV) and at $348.3 million in Annual Contract Value (ACV) terms. Sandeep Kalra, chief executive officer and executive director, Persistent Systems, said, '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 modernization; the addition of Arrka expands our comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity. Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization. The company works with the industry leaders including 14 of the 30 most innovative companies as identified by BCG, 8 of the top 10 largest banks in the US and India, and numerous innovators across the healthcare and software ecosystems.Powered by Capital Market - Live

Net profit of Persistent Systems rose 23.45% to Rs 325.00 crore in the quarter ended September 2024 as against Rs 263.27 crore during the previous quarter ended September 2023. Sales rose 20.13% to Rs 2897.15 crore in the quarter ended September 2024 as against Rs 2411.67 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2897.152411.67 20 OPM %16.5916.80 - PBDT509.02430.16 18 PBT434.52355.76 22 NP325.00263.27 23 Powered by Capital Market - Live

Persistent Systems Ltd gained for a third straight session today. The stock is quoting at Rs 5374.55, up 1.24% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.52% on the day, quoting at 25144.05. The Sensex is at 82028.18, up 0.48%. Persistent Systems Ltd has risen around 1.9% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has risen around 0.48% in last one month and is currently quoting at 42387.55, up 1.09% on the day. The volume in the stock stood at 1.25 lakh shares today, compared to the daily average of 4.26 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 5394.6, up 1.25% on the day. Persistent Systems Ltd is up 86.71% in last one year as compared to a 27.7% spurt in NIFTY and a 31.57% spurt in the Nifty IT index.The PE of the stock is 83.63 based on TTM earnings ending June 24.Powered by Capital Market - Live

Persistent Systems announced that it achieved carbon neutrality for Scope 1 (direct emissions) and Scope 2 (indirect emissions) across its global operations for FY23-24, one year ahead of schedule. Verified by DNV Business Assurance India, this milestone underscores the Company's commitment to sustainability and its role in supporting clients' environmental goals. Aligned with the UN Sustainable Development Goals and global efforts to limit planet warming to 1.5'C and reach net-zero emissions by 2050, it further solidifies Persistent's reputation as a socially responsible enterprise. Persistent's carbon management plan focuses on enhancing energy efficiency through investments in renewable energy and the development of energy-efficient infrastructure,certified by the Indian Green Building Council (IGBC) and Leadership in Energy and Environmental Design (LEED). The Company has made significant strides in renewable energy adoption and resource management: \ 42% reduction in emissions through two windmills (2.1 MW each) and 2 MW solar rooftops. \ 39% of total energy usage globally from renewable energy sources, with 44% in India. \ 16% of renewable energy needs are met through self-generated Renewable Energy Certificates (RECs) from its windmills. \ 45% of purchased International Renewable Energy Certificates (I-RECs) cover leased and overseas facilities. \ 99% recycling of waste generated across operations. \ 121,035 trees contributing to carbon sequestration. \ 28.3% reuse of treated wastewater in owned campuses within its facilities. Additionally, to offset Scope 1 emissions, Persistent has invested in high-quality carbon credits certified by VERRA, while reducing Scope 2 emissions through renewable energy sourcing and the purchase of I-RECs. Persistent is committed to driving renewable energy adoption, optimizing energy use, and working with communities to address climate change. By collaborating with employees and stakeholders, the Company embeds sustainability at the core of its operations, ensuring long term impact. Moreover, Persistent's investments in renewable energy projects and carbon offset programs aim to reduce emissions and support environmental initiatives, with a goal to achieve net-zero emissions across its value chain by 2050, following the Science-Based Targets Initiative (SBTi) roadmap. Powered by Capital Market - Live

Persistent Systems announced the intent to acquire Arrka, a Pune-based company renowned for its decade-long data privacy expertise, its pioneering Data Privacy Management platform and growing expertise in AI governance. This strategic acquisition significantly enhances Persistent's AI-led, platform-driven services and strengthens its ability to provide comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity, among others. With Arrka's expertise, Persistent will help clients accelerate their transformation journeys while ensuring ethical, responsible, and compliant AI. With the widespread adoption of AI, implementing and managing digital governance in general and data privacy and responsible AI are taking center stage for enterprises across industries. Persistent is addressing the opportunities in AI through strategic investments in innovative platforms like SASVA', an in-house cutting-edge platform using generative and deterministic AI, as well as through tuck-in acquisitions such as that of Starfish Associates, to strengthen its position in AI-powered Contact Center and Unified Communications. The integration of Arrka is a critical component in scaling Persistent's AI practice and addressing the rising demand for digital governance. It is a key to the Company's strategy to deliver responsible, ethical, and comprehensive platform-driven digital solutions.Powered by Capital Market - Live

Persistent Systems will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

Persistent Systems will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

Persistent Systems Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5291.75, up 1.63% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.07% on the day, quoting at 25261.55. The Sensex is at 82491.99, down 0.08%. Persistent Systems Ltd has risen around 16.65% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has risen around 12.01% in last one month and is currently quoting at 42975.6, up 0.18% on the day. The volume in the stock stood at 2.84 lakh shares today, compared to the daily average of 4.62 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 5299.55, up 1.32% on the day. Persistent Systems Ltd is up 83.02% in last one year as compared to a 29.36% spurt in NIFTY and a 33.85% spurt in the Nifty IT index.The PE of the stock is 81.3 based on TTM earnings ending June 24.Powered by Capital Market - Live

Persistent Systems Ltd rose for a third straight session today. The stock is quoting at Rs 5179.4, up 2% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 25239.85. The Sensex is at 82409.35, up 0.33%. Persistent Systems Ltd has added around 7.18% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has added around 4.65% in last one month and is currently quoting at 42591.65, up 0.37% on the day. The volume in the stock stood at 5.78 lakh shares today, compared to the daily average of 4.1 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 5187, up 1.46% on the day. Persistent Systems Ltd is up 92.88% in last one year as compared to a 31.09% gain in NIFTY and a 37.18% gain in the Nifty IT index.The PE of the stock is 79.33 based on TTM earnings ending June 24.Powered by Capital Market - Live