Order bookings exceed
Consolidated Financial Highlights for the Quarter ended
Q2FY24 Margin% Q-o-Q Growth Y-o-Y Growth
Revenue (USD Million) 291.71 3.1% 14.1%
Revenue (INR Million) 24,116.70 3.9% 17.7%
EBITDA (INR Million) 4,051.62 16.8% -4.2% 10.1%
PBT (INR Million) 3,557.63 14.8% 15.9%* 20.4%
PAT (INR Million) 2,632.68 10.9% 15.1%* 19.7%
*Includes impact of one-time expense for
'We are pleased to announce yet another quarter of strong revenue growth, fueled by client trust in our Digital Engineering and Enterprise Modernization capabilities. Our proactive approach and ability to adapt has enabled us to thrive in this uncertain macroeconomic environment leading to our highest-ever TCV with more than
Our recognition as a Challenger in the 2023 Gartner Magic Quadrant for Public Cloud IT Transformation Services is a result of our continued focus and investment in deepening our hyperscaler capabilities. We remain steadfast in our endeavor to excel and are confident in our ability to build on this success.
I am also extremely proud to share that we won the Golden Peacock Award for Excellence in Corporate Governance for 2023. This is an acknowledgement of our unwavering commitment to the highest standards of corporate governance.'
Second Quarter FY24 Client Wins and Outcomes
The order booking for the quarter ended on
Some of the key wins for the quarter include:
Software,
Delivering product engineering and customer support services for a cloud-based security platform of a global digital communications conglomerate
Spearheading product engineering for an order management platform to enable outcome-based advertising for a leading media technology company
Setting up greenfield IT and providing managed services to a Private Equity backed carve-out from one of the largest providers of business and financial information services
Banking,
Building an insure-tech platform and scaling the technology initiatives in data and digital transformation for a leading insurance underwriter
Providing platform engineering and support services for the entire data stack of a multinational financial services and wealth management company
Modernizing identity and access management platform for the entire product portfolio of a large US-based financial software company
Healthcare & Life Sciences
Modernizing the data roadmap across domains such as clinical solutions, enterprise & pharmacy customer support, claims & payment integrity and revenue cycle management for a pioneering health and well-being company
Establishing Laboratory Information Management System and providing product engineering services to advance the existing cancer detection platform for a leading precision oncology company
Building a cloud-based picture archiving and communications platform, including a call center management system using Persistent's proprietary platform for code evaluation to transform patient engagement for a leading radiology firm
News in the Quarter
Persistent Launches Generative AI Solutions in Partnership with Google Cloud
Persistent Achieves Premier Tier Services Partner Status in the AWS Partner Network
Persistent Creates History with Three GUINNESS WORLD RECORDS Titles
Kizzi's AI Report:
Awards and Recognitions
Persistent named a Challenger in the 2023 Gartner Magic Quadrant for Public Cloud IT Transformation Services
Persistent won the Golden Peacock Award for Excellence in Corporate Governance for the year 2023
Persistent listed on the 2023 Constellation ShortList for AI Services: Global
Persistent named a Top 15 Engineering Services Provider in the
About Persistent
With over 22,800 employees located in 21 countries,
www.persistent.com
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit www.persistent.com/flcs/
Media Contacts
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Archetype
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