Persistent Systems

According to the technical analyst from Anand Rathi, Persistent Systems can advance to Rs 5,250; while Wipro may see faster momentum above Rs 414.

Shares of Tata Consultancy Services, Infosys, HCL Technologies, Coforge and Persistent Systems are indicating chart structures that reflect resumption of their short-to-medium term upmove.

Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50

The company's strong performance in recent years, healthy order book, and strong deal pipeline indicate an encouraging demand trend, said Motilal Oswal

The company said it won several large deals across industries and service lines, driving 20 per cent sequential growth in total contract value (TCV) bookings during the quarter.

Investors though should be selective; analysts more positive on Infosys and Persistent Systems

The Nifty IT index has recovered smartly from its September lows, and if the current momentum sustains select IT stocks could witness a medium-term bullish trend.

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The Pune-headquartered company posted a 42 per cent jump in revenue to $217 million in the March quarter, when it witnessed a 45.9 per cent growth in net profit at Rs 200.9 crore

The stock remains one of the top picks among brokerages in the mid-cap IT space

Shares of Indian Oil Corp will be on radar as the company has bought 3 million barrels of Russian Urals from trader Vitol for May delivery.

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Denying "any involvement" in the 'Tek Fog' matter, mid-tier IT company Persistent Systems on Friday asserted that "most if not all" of its domestic revenue comes from corporates

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The company also announced the appointment of Avani Davda to Persistent's Board of Directors and continued to add executives to its leadership team

Tech firm Persistent Systems on Tuesday reported a 58.6 per cent rise in consolidated net profit to Rs 161.7 crore for the September 2021 quarter. The company had registered a profit of Rs 101.9 crore in the year-ago period, it said in a statement. Revenue from operations increased 34.1 per cent to Rs 1,351.2 crore during the quarter under review as against Rs 1,007.7 crore a year ago, it added. In dollar terms, the company's revenue grew 34 per cent to USD 182.32 million during the quarter from USD 136.09 million in the same period last fiscal. We are delighted to share that Persistent ended the quarter on a record high note - once again delivering industry-leading performance, including year-over-year revenue growth of 34 per cent and continued margin improvement," Persistent Systems Chief Executive Officer and Executive Director Sandeep Kalra said. During the quarter, the company had announced the acquisition of Software Corporation International and Shree Partners, forming a n

Through these acquisitions, Persistent is forming a new payments business unit and expanding its cloud capabilities

IT firm Persistent Systems on Wednesday said its US subsidiary will acquire North Carolina-based Software Corporation International (SCI) and its affiliate, Fusion360 for $53 million

SCI will help enhance Persistent's capabilities and will serve as the foundation of a dedicated Payments business unit.