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Persistent Systems Shares Rose Over 6%: Declared Interim Dividend of ₹20 Per Share

Written by: Sachin GuptaUpdated on: Jan 23, 2025, 9:34 AM IST
During Q3FY25, Persistent Systems recorded a strong order book of $594.1 million, with $428.3 million in Annual Contract Value (ACV).
Persistent Systems Shares Rose Over 6%: Declared Interim Dividend of ₹20 Per Share
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On January 23, 2025, Persistent Systems shares are in focus as the company has released its financial results for the quarter ending December 31, 2024. Persistent Systems shares opened at ₹5828.85 and touched the day high of ₹5797.70 at 09:20 AM.

Persistent Systems Q3FY25 Earnings Overview

During Q3FY25, Persistent Systems saw a robust Year-on-Year (YoY) growth of 30.35% in consolidated profit after tax (PAT), reaching ₹373 crore, compared to ₹286 crore in the same quarter the previous year. Sequentially, PAT rose from ₹306 crore in the September 2024 quarter. Revenue from operations for the quarter surged to ₹3,062 crore, marking a 22.6% increase from ₹2,498 crore in Q3 FY24. On a quarter-on-quarter (QoQ) basis, revenue also grew by 6%.

The company’s Earnings Before Interest and Tax (EBIT) stood at ₹455 crore, reflecting a 12.2% QoQ increase and a 25.5% YoY growth. EBIT margins improved by 400 basis points to 14.9% in Q3 FY25, compared to 14% in Q3 FY24.

Persistent Systems Order Book and Key Wins During Q3

Persistent Systems reported a strong order booking of $594.1 million in Total Contract Value (TCV) for the quarter, with $428.3 million in Annual Contract Value (ACV), as per the company’s earnings filing. This impressive performance underscores the company’s continued growth and solid positioning in the market.

Software, Hi-Tech & Emerging Industries

Persistent Systems has made significant strides in the Software, Hi-Tech, and Emerging Industries sector. Notably, the company is modernizing product development with its SASVA™ platform for a leading UK-based business software provider, aimed at driving recurring revenue and optimizing R&D costs. Additionally, Persistent is enhancing product management, security, and revenue for a prominent observability and IT software provider using AI-led engineering. The company is also modernizing data management with its iAURA solution for a leading food services and facilities management company.

Banking, Financial Services & Insurance

In the Banking, Financial Services, and Insurance sectors, Persistent is leveraging its SASVA™ platform to modernize legacy systems and improve developer productivity for a US-based financial services firm. The company is also revamping enterprise gateway services for better scalability and real-time authorization for a global payments technology leader. Furthermore, Persistent is using GenAI to automate insurance claims and improve ROI for a US-based insurance company.

Healthcare & Life Sciences

In Healthcare and Life Sciences, Persistent is transforming patient care and pharmacy platforms for a major healthcare and health insurance provider, improving patient experience while reducing technology debt. The company is replacing legacy systems with a revenue management solution for a global healthcare leader, enhancing both cost-efficiency and performance. Additionally, Persistent is enabling a migration from MuleSoft to Azure with SASVA™ to drive operational efficiency for a leading life sciences analytics company.

Persistent Systems Interim Dividend

On January 22, 2025, Persistent Systems declared an interim dividend of ₹20 per equity share (face value ₹5) for the financial year 2024-25. The record date for the dividend has been set for January 31, 2025.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 23, 2025, 9:34 AM IST

Sachin Gupta

Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.

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