Page 2 - Persistent Systems

Larsen & Toubro Infotech, Persistent: Mid-cap IT stocks that can rise 7-15%

stocks in the mid-tier IT segment have been buzzing and continue to see a good investor interest. Here is the lists of mid-cap IT stocks that look good on the charts

Persistent Systems hits record high; soars 16% in 2 days on strong Q1 show

The company expects to sustain the healthy growth momentum in the Services business, based on the robust deal intake and a healthy deal pipeline

IT firm Persistent Systems' Q1 net profit up 68% to Rs 151.2 crore

IT firm Persistent Systems on Thursday reported a 68 per cent jump in consolidated net profit to Rs 151.2 crore for the April-June quarter of this year.

Persistent Systems appoints Suresh Prabhu as chief delivery officer

He joins Persistent from Epicor Software, where he was responsible for the development and delivery of on-premise and software-as-a-service solutions

Persistent sees FY22 growth in double digit, aims to be $1-bn company

As part of the ambition of reaching $1 billion company, Persistent has also said that at that level Europe will be 15% of the revenue

Trading calls by Nilesh Jain of Anand Rathi: Sell Info Edge, M&M Financial

The momentum indicators and oscillators have turned negative for M&M Financial Services' shares, where MACD has provided fresh sell crossover on the daily chart

MARKET WRAP: Sensex ends 255 pts higher; financial, metal stocks advance

All that happened in the markets today

IT company Persistent Systems to acquire Palo Alto-based Capiot

IT firm Persistent Systems on Thursday said it will acquire Palo Alto-based Capiot.

Nifty could consolidate between 11,900 and 12,050 in short term: HDFC Sec

Previous top on the daily charts is placed at 11,794, which is likely to provide support to the index

Persistent Systems zooms 18%, hits 52-week high on strong June quarter nos

In US dollar terms, revenue grew 9.5 per cent YoY to $131.02 million. Sequentially, the numbers increased by 3.1 per cent.

Advantage Infosys, HCL as India Inc unlikely to cut spending on IT products

Firms drawing higher revenue from software products and platforms have edge over peers

Nifty outlook and stock pick by Angel Broking: Buy Persistent, Lupin

Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

Persistent Systems plunges 16% on disappointing Q2 results

The stock plunged 16% to Rs 559, also its 52-week low on the BSE in early morning trade.

Persistent Systems reports 7% rise in net profit to Rs 880 mn in Q2

Total income of the company increased to Rs 8.58 million in the September quarter of 2018-19 as against Rs 7.94 billion in the year-ago period, it said in a regulatory filing

Persistent Q4 profit slips 20% QoQ on seasonal IP weakness

On a year on year basis the company saw revenue grow 3.5 per cent and profits grow by 1.3 per cent beating street estimates. Dollar revenue grew 7.3 per cent to $116.95 million in Q4

Persistent Systems falls 11% on weak March quarter outlook

The stock dipped 11% to Rs 697 on the BSE after the company said it is expecting a decline in IP revenues in Q4FY18, which will impact revenue and EBITDA margin for the quarter.

Europe, APAC deals to cut dependence on a single market: Persistent Systems

The higher focus on global revenues also materialises in the revenue contribution from their global delivery centers

Persistent Systems Q2 net up 12.4% at Rs 83 cr

Also, the revenue growth reached $118 million growing 12.3% quarter-on-quarter

Persistent Systems plans expansion in Europe as part of de-risking strategy

Persistent has also increased its offering in the digital segment as part of diversification

Persistent Systems to cut campus hiring to one-fourth in FY18

The trend is being witnessed due to automation