Persistent Systems Reports Significant Growth in Q3 FY25
Declares interim dividend of ?20 per share
Persistent Systems (BSE: 533179) (NSE: PERSISTENT) today announced its audited financial results for the quarter, showing impressive performance and achievements that reflect their robust growth strategy.
Financial Highlights for Q3 FY25
The Company achieved a remarkable revenue of $360.2 million, representing a 4.3% increase quarter-over-quarter and a 19.9% increase year-over-year. In Indian Rupees, the revenue reached ?30,622.8 million.
Key Financial Metrics
The enhanced financial performance can be seen across several key metrics:
- EBITDA: ?5,378.4 million (17.6% margin)
- PBT: ?4,820.4 million (15.7% margin)
- PAT: ?3,729.9 million (12.2% margin)
The Board declared an interim dividend of ?20 per share, signaling confidence in the sustained financial health and future prospects of the Company.
Leadership Insights
Sandeep Kalra, the CEO, stated, "This quarter marks our 19th consecutive quarter of revenue growth, highlighting our successful implementation of AI-led, platform-driven services. Our continued commitment to innovation is underscored by our recent milestones, including filing over 20 patents related to our flagship platform, SASVA™."
Recognition and Awards
During this quarter, Persistent won the prestigious ISG Star of Excellence™ Overall Award, based on customer feedback, showcasing its commitment to customer satisfaction and innovative solutions.
Client Wins and Business Outcomes
The order booking for the quarter reached $594.1 million in Total Contract Value (TCV), with notable contracts across various sectors reinforcing Persistent’s diverse offerings.
Industry-Specific Achievements
Key client wins include:
- Software Sector: Collaborating with top providers to modernize product development and enhance security measures using AI technologies.
- Financial Services: Revamping legacy systems and improving operational efficiencies for major financial institutions.
- Healthcare: Transforming patient care systems to enhance service delivery and operational efficiency.
These initiatives illustrate Persistent’s strategy to leverage advanced technologies for driving value in client operations.
Commitment to Sustainability
Persistent’s progress in sustainability was acknowledged with a AA+ (Stable) credit rating from ICRA, reinforcing the Company’s commitment to sustainable business practices and its inclusion in the Dow Jones Sustainability World Index.
Future Outlook
With an impressive growth trajectory and increasing recognition for excellence in innovation and sustainability, Persistent is well-positioned for future opportunities. This commitment to growth and responsible business practices has established it as a leader in the IT services landscape.
About Persistent Systems
Persistent Systems is a global services and solutions company dedicated to digital engineering and enterprise modernization. With over 23,200 employees across 19 countries, the Company specializes in artificial intelligence-enabled software engineering and innovative solutions tailored to client needs. Persistent is recognized for achieving carbon neutrality and is committed to aligning with the United Nations Global Compact principles, ensuring responsible operational practices.
Frequently Asked Questions
What was the revenue figure for Persistent Systems in Q3 FY25?
The Company reported a revenue of $360.2 million for Q3 FY25.
What percentage growth did Persistent Systems achieve year-over-year?
Persistent Systems achieved a year-over-year growth of 19.9%.
What dividend was declared by the Board of Directors?
An interim dividend of ?20 per share was declared for the financial year 2024-2025.
Which significant awards did Persistent receive this quarter?
Persistent won the ISG Star of Excellence™ Overall Award for superior customer experience this quarter.
How is Persistent committed to sustainability?
Persistent has been recognized with a AA+ (Stable) credit rating for its strong financial profile and is included in the Dow Jones Sustainability World Index, emphasizing its commitment to responsible business practices.
