Persistent Systems Q1FY24 Results: Consolidated PAT of Rs. 228.76 Cr

Persistent Systems collaborates with Google Cloud for cutting-edge AI solutions

Persistent Systems Q1 results show revenue up from 2263.29 crores to 2342.82 crores, a 3.51% increase in growth. EPS down from ₹32.91 to ₹29.75, down by -9.60%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Persistent Systems shared its Q1 results on Thursday. They earned 2342.82 crores in revenue this quarter, but that’s more than the 2263.299 crores they made last quarter. The company’s growth increased by 3.51 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 228.76 crores, down from 251.51 crores in the previous quarter. Their quarter-to-quarter growth decreased by -9.04 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹29.75, which is a decrease of -9.60% from the ₹32.91 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2342.82 crores this year (2023), which is 23.37 percent higher than last year’s total revenue of 1899.08 crores.

This year’s PAT (Profit After Tax) is 228.76 crores, which is also 8.11% higher than last year’s PAT of 211.61 crores.

The EPS (Earnings Per Share) for this year is ₹29.75, which is 7.48% more than the EPS of ₹27.68 earned last year.

Also Read: Coforge Q1FY24 Results: Consolidated PAT of Rs. 165.3 Cr

Persistent Systems Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Persistent Systems :

Persistent Systems is an Indian multinational technology services company that was established on 16th May 1990. It is publicly listed and trades on both the Bombay Stock Exchange and the National Stock Exchange. The company’s shares were first listed on the National Stock Exchange of India in March 2010.

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