Persistent Systems Q3 Results: Persistent Systems' Q3 FY25 consolidated profit after tax increased by 30.35% year over year to ₹372.99 crore. For the fiscal year 2024–2025, the board additionally authorized an interim dividend of ₹20 per share.
Persistent Systems Q3 Results: Today, January 22, the information technology (IT) business Persistent Systems reported its December quarter performance. It showed that its consolidated profit after tax (PAT) for the December 2024 quarter (Q3 FY25) increased by 30.35% year-on-year (YoY) to ₹373 crore. The company generated a net profit of ₹286 crore in the same quarter of the previous fiscal year, and ₹306 crore in the September quarter prior.In comparison to ₹2,498 crore in the comparable quarter, revenue from operations increased by 22.6% to ₹3,062 crore during the reporting quarter.
The EBIT margins increased by 400 basis points to 14.9% in Q3FY25 from 14% in Q3FY24, while the EBIT for the quarter came in at ₹455 crore, representing growth of 12.2% on a quarter-on-quarter (QoQ) and 25.5% on a year-over-year (YoY) basis.
According to the company's financial statement, its order booking for the quarter that concluded on December 31, 2024, was $594.1 million in Total Contract Value (TCV) and $428.3 million in Annual Contract Value (ACV) terms.
For the fiscal year 2024–2025, the board of the firm additionally approved an interim dividend of ₹20 per share, with a face value of ₹5 apiece.
Chief Executive Officer and Executive Director Sandeep Kalra commented on the December quarter success, saying, "With a 4.3% Q-o-Q and 19.9% Y-o-Y increase, we recorded our 19th consecutive quarter of revenue growth—highlighting the strength of our AI-led, platform-driven services strategy." Additionally, we announced a ₹20 interim dividend per share.
"We accomplished a number of noteworthy milestones this quarter, including taking home the coveted 2024 ISG Star of Excellence Overall Award based on customer feedback, proving our capacity to reimagine their businesses through artificial intelligence." We submitted more than 20 patents pertaining to SASVATM, our AI-powered software development platform, reaffirming our dedication to creating cutting-edge solutions based on our own intellectual property. Furthermore, Microsoft shortlisted and recognized our co-developed ContractAssIst solution, which was constructed using Microsoft 365 Copilot.
According to the company's financial statement, its order booking for the quarter that concluded on December 31, 2024, was $594.1 million in Total Contract Value (TCV) and $428.3 million in Annual Contract Value (ACV) terms.
For the fiscal year 2024–2025, the board of the firm additionally approved an interim dividend of ₹20 per share, with a face value of ₹5 apiece.
Chief Executive Officer and Executive Director Sandeep Kalra commented on the December quarter success, saying, "With a 4.3% Q-o-Q and 19.9% Y-o-Y increase, we recorded our 19th consecutive quarter of revenue growth—highlighting the strength of our AI-led, platform-driven services strategy." Additionally, we announced a ₹20 interim dividend per share.
"We accomplished a number of noteworthy milestones this quarter, including taking home the coveted 2024 ISG Star of Excellence Overall Award based on customer feedback, proving our capacity to reimagine their businesses through artificial intelligence." We submitted more than 20 patents pertaining to SASVATM, our AI-powered software development platform, reaffirming our dedication to creating cutting-edge solutions based on our own intellectual property. Furthermore, Microsoft shortlisted and recognized our co-developed ContractAssIst solution, which was constructed using Microsoft 365 Copilot.
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