Persistent Systems Q2 Results 2023

Read this story to learn about        Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Revenue grew by 17.7% YoY · EBITDA grew by 10.1% YoY · PAT surged by 19.7% YoY

Performance Highlights

· Consolidated revenue in Q2 FY’24 reached ₹ 2,411.67 Cr · Profit After Tax (PAT) reached ₹ 263.27 Cr · EBITDA stood at ₹ 405.16 Cr

Contract Value at All-Time High

The company revealed that it registered its highest-ever total contract value (TCV), with more than US $ 475 million in bookings in the second quarter of FY2023-24.

Major Announcements

· Mr. Sandeep Kalra, CEO of Persistent Systems Limited revealed that the company was recognised as a Challenger in the 2023 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services.