Companies & Industry »Company News»Company News Details
Company News Details

BSE   22 Jun 18 | 12:00 AM

830.25 4.2 (0.51%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 533179
Face Value: N.A.

NSE   22 Jun 18 | 12:00 AM

831.80 8.4 (1.02%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: PERSISTENT
Performance
1 Week : Rs 820.20 (1.23%)
1 Month : Rs 820.90 (1.14%)
1 Year : Rs 656.65 (26.44%)
change companytradenow
Back

Persistent Systems' Q4 net profit rises 6.3% to Rs 80.8 crore

BS Reporter / Pune 25 Apr 16 | 10:27 AM

Pune-based IT product and services firm, Persistent Systems, reported a net profit of Rs 80.8 crore for the fourth quarter of FY16. The company’s net profit grew 6.3% year-on-year.


Revenue for the quarter grew at 36% at Rs 677.2 crore, from Rs 497.4 crore in the same quarter last year.

Widgets Magazine


On a sequential basis, the US dollar revenue grew by 12% to $100.43 million.


The company also reported good momentum in revenue from its IP-led business. For the Q4, IP-led revenue was at 28.2%, a growth of 57% on a YoY basis and for the full year growth was 25.8%.


For the financial year 2015-16, Persistent's net profit came in at Rs 297.3 crore a rise of 2.3%, and revenue grew 22.3% to touch Rs 2,312.3 crore.


Anand Deshpande, Chairman and Managing Director, Persistent Systems said, “Our 25th year has been monumental with significant strategic acquisitions, partnerships and the new alignment of the company into four key growth business lines – Digital, IBM Alliance, Services and Accelerite. This transformation positions us for our long-term success."

Widgets Magazine

Sensex

Company Price Gain (%)
Sun Pharma.Inds.576.303.91
M & M908.152.78
H D F C1,902.402.54
Axis Bank524.652.22
Bharti Airtel374.601.74

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine