Persistent Systems CEO Sandeep Kalra on Growth, Order Wins, and the Future of Generative AI

The stock of Persistent Systems staged a recovery on Monday with nearly 4% gain after losing over 6% on Friday following a sequential fall in net profit and contraction in operating margin for the June quarter. A ramp up in large deals, H1B processing costs and expenses towards ESOP took a toll on profitability.

Strong momentum in new deals, improving utilisation likely to help Persistent to retain high growth

Persistent Systems CEO on market outlook: Kalra is confident that North America will continue to be a growth engine for the company going forward

US will be bigger growth engine than Europe for Persistent System, says CEO

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 70608.05 Crore) operating in IT Software sector.

Buy Persistent Systems, target price Rs 5700: Motilal Oswal

The brokerage believes with the macro improving and Persistent Systems’ continuous outperformance, they will continue to fall under leader’s quadrant for growth.

Persistent Systems Q1 Results Review - Continuous Upbeat With Robust Order Book: Nirmal Bang

The brokerage believes stretched valuations and risk to significant cut in consensus estiamte make it expensive.

Persistent Systems Q1 Review - Results Beat; Margin Expansion Story Pushed Further: Dolat Capital

Bharat Bijlee Ltd, Aarti Pharmalabs Ltd, Jindal Stainless Ltd and Persistent Systems Ltd are among the other losers in the BSE’s ‘A’ group today, 19 July 2024.

Chennai Petroleum Corporation Ltd leads losers in ‘A’ group

Persistent Systems Q1 Results: मार्जिन में दिखा दवाब, क्यों अनुमान से कमजोर रहे नतीजे? | Business

The stock fell as much as 7.38% in early trade to Rs 4,535 apiece on the NSE.

Persistent Systems Tumbles To Over One-Week Low As Q1 Profit Falls

Persistent Systems shares fell 7% after reporting a 2.8% profit decline in Q1FY25, despite a 34% YoY PAT rise. Revenue grew 18% YoY. Orders hit $462.8 million TCV, $337.3 million ACV. CEO Kalra praised 17 growth quarters, AI services. ISG ranked them a leader. Stock rose 80% last year, 26.60% YTD. Considering QIP on July 23. SpiceJet capital raise.

Persistent Systems shares tumble 7% after Q1 results disappoint investors

The multinational technology services company reported a bottom line of Rs 306 crore in the quarter ended June, compared with Rs 315 crore in the previous quarter.

Persistent Systems Q1 Results: Profit Falls 5.7%, Meets Estimates

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Persistent Systems Limited is engaged in the business of building software products. The Company offers complete product life cycle services.