What Is Persistent Systems Growth Strategy & Vision Post Q4 Earnings?

Persistent Systems shares plunged by 10% on April 22 (Monday), marking the steepest single-day decline since March 2018, following the release of the IT services company's fourth-quarter earnings. Disappointment gripped investors after the company provided a flat margin guidance for FY25. In Q4 FY24, Persistent Systems recorded a robust 14.9% year-on-year increase in consolidated revenue, reaching ₹2,590 crore. Order bookings for the quarter ending March 31, 2024, stood at $447.7 million in Total Contract Value (TCV) and $316.8 million in Annual Contract Value (ACV) terms. Additionally, Persistent Systems declared a dividend of Rs 10 per share. CEO Sandeep Kalra speaks on Q4 results and the outlook for FY25 in an exclusive conversation with BTTV's Anchor Sakshi Batra.