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Persistent Systems Top Management Shares Key Strategies, Outlook & Growth Plan For FY25

Persistent Systems Top Management Shares Key Strategies, Outlook & Growth Plan For FY25

Sakshi Batra
Sakshi Batra
  • New Delhi,
  • Jul 19, 2024,
  • Updated Jul 19, 2024, 3:32 PM IST

Persistent Systems’ net profit in Q1FY25 was down 2.8%, at ₹306.4 crore, from ₹315.3 crore in the previous quarter. The company’s revenue rose 5.7%, to ₹2,737 crore, from ₹2,590.5 crore sequentially. Growth was again led by the healthcare sector, which was up 16.5% QoQ. Hi-Tech declined 0.5% QoQ, while BFSI grew 5.9% QoQ. In terms of regional performance, North America and Europe grew 6.4% and 5.6% sequentially, while APAC was stable at 0.3% QoQ. EBIT rose 2.5%, to ₹383.8 crore, from ₹374.4 crore, while the EBIT margin improved by 50 bps to 14% from 14.5% QoQ. The order booking for the quarter ended June 30, 2024, was at $462.8 million in Total Contract Value (TCV) and $337.3 million in Annual Contract Value (ACV) terms. Catch Sakshi Batra in an exclusive conversation with Sandeep Kalra, Chief Executive Officer of Persistent Systems, sharing key strategies, performance, and growth plans.

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