The shares of one of the AI stock specializes in providing specialising in providing software solutions and IT services jumps 11 percent, upon following their Q3 Results with 30 percent rise in profit YoY.
Price action
With a market capitalization of Rs. 98,924 crores on Thursday, the shares of Persistent Systems Limited (NSE:PERS) is up by 11 percent making a high of Rs. 6,317.40 per share compared to its previous closing price of Rs. 5,683.15 per share.
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What Happened
Persistent Systems Limited specializing in providing software solutions and IT services have announced their Q3FY25 results
Its Total (EPA:TTEF) Income grew by 22.14 percent YoY from Rs. 2,536.53 Crores in Q3FY24 to Rs. 3,104.91 Crores in Q3FY25 and it grew by 5.47 percent QoQ from Rs. 2,943.67 Crores in Q2FY25 to Rs. 3,104.91 Crores in Q3FY25.
Its Net Profit rose 30.36 percent YoY from Rs. 286.13 Crores in Q3FY24 to Rs. 372.99 Crores in Q3FY25 and it rose by 14.7 percent QoQ from Rs. 325 Crores in Q2FY25 to Rs. 372.99 Crores in Q3FY25.
About the company
Persistent Systems is a global technology services company based in India, focused on helping businesses in various industries, including healthcare, finance, and manufacturing, by offering services such as product engineering, enterprise software solutions, cloud transformation, and digital experiences.
Marquee clients
Persistent Systems is a software solutions and IT services provider has a set of Marquee clients like Microsoft (NASDAQ:MSFT), AWS, Google (NASDAQ:GOOGL) Cloud, Salesforce and IBM (NYSE:IBM) and more.
Segment Revenue Mix (Q3FY25)
Persistent Systems revenue is primarily driven by three sectors: 40.5 percent from Software (ETR:SOWGn), Hi-Tech & Emerging Industries, 31.7 percent from BFSI, and 27.8 percent from Healthcare & Life Sciences.
Written by Sridhar J
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