Persistent Systems Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 20, 2024 at 05:18 am EST
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Persistent Systems Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 24,982.16 million compared to INR 21,693.68 million a year ago. Revenue was INR 25,365.26 million compared to INR 22,021.25 million a year ago. Net income was INR 2,861.34 million compared to INR 2,379.54 million a year ago. Basic earnings per share from continuing operations was INR 37.83 compared to INR 31.9 a year ago. Diluted earnings per share from continuing operations was INR 37.2 compared to INR 31.14 a year ago.
For the nine months, sales was INR 72,310.61 million compared to INR 60,961.2 million a year ago. Revenue was INR 73,282.98 million compared to INR 61,579.1 million a year ago. Net income was INR 7,781.7 million compared to INR 6,695.8 million a year ago. Basic earnings per share from continuing operations was INR 103.37 compared to INR 90.08 a year ago. Diluted earnings per share from continuing operations was INR 101.17 compared to INR 87.61 a year ago.
Persistent Systems Limited is an India-based holding company engaged in the business of providing software products and technology services. The Companyâs segments include Banking, Financial Services, and Insurance (BFSI), Healthcare & Life Sciences, and Technology Companies and Emerging Verticals. The Company provides a range of services, including digital strategy and design, software product engineering, client experiences (CX) transformation, cloud & infrastructure, intelligent automation, enterprise information technology (IT) security, enterprise integration, application development and management, and data and analytics. The Company serves various industries, including banking and financial services, insurance, healthcare life sciences, software and hi-tech, and telecom and media. Its cloud and infrastructure offerings include Hybrid & Multi-Cloud Transformation, Data Center Modernization, Persistent Intelligent IT Operations (PiOps), and Cloud Advisory Services.