Persistent Systems Ltd (PERSISTENT)

Persistent Systems Ltd Stock Expected to Reach Targets of 5,100 and 5,200 - 24 Jul, 2024

Persistent Systems Ltd stock has broken above its all-time high resistance level and is consolidating well above this mark. With trading volumes nearly double the 30-day average and a rising RSI (14), targets of 5,100 and 5,200 are expected with a stop-loss set at 4,490.

Persistent Systems Reports Strong Revenue Growth - 22 Jul, 2024

Persistent Systems reported strong revenue growth in Q1FY25, beating estimates with $328 million in revenues. Despite a sequential decline in net profit and operating margin, the company aims to improve its margins by 200-300 basis points in the next two to three years. Motilal Oswal maintains a buy call with a target price of Rs 5700.

Persistent Systems Reports QoQ Decline in Net Profit - 20 Jul, 2024

Persistent Systems reported a 2.8% QoQ decline in net profit to Rs 306.42 crore for the June quarter, but saw a 33.9% YoY increase. Dollar revenue grew 5.6% QoQ to $328.2 million, marking a 16% YoY rise. Order bookings were $462.8 million in TCV and $337.3 million in ACV. The company will be maintaining margins at FY24 levels of 14.5% and expects margins to grow by 200-3000 bps over the next two to three years.

Persistent Systems' Q1 Results Impact Stock Prices - 19 Jul, 2024

Persistent Systems reported a 33.9% rise in net profit for Q1 FY25, but the stock prices fell by nearly 7% due to declining PAT and narrowing operating margins. The company's P/E ratio is high compared to its competitors, and it earns most of its revenue from North America. However, the company signed an agreement to acquire Starfish Associates and entered into a Strategic Partnership Agreement with Google Cloud.

Persistent Systems Reports Strong Financial Performance in Q1 FY25 - 18 Jul, 2024

Persistent Systems reports strong financial performance in Q1 FY25 with 5.6% QoQ growth in US Dollar revenue to $328.2 million, 33.94% YoY rise in net profit, and sets target of becoming a $2 billion company in three years.

Persistent Systems Ltd's P/E Ratio Raises Concerns - 13 Jul, 2024

Persistent Systems' stock has gained 28% in the last month, with an annual gain of 95%. However, its high P/E ratio of 64.6x is concerning as it is above most other companies and not justified by recent earnings growth. Analysts forecast a 22% per year growth for the next three years, but this may not be enough to sustain the current share price.

Persistent Systems Receives Outperform Rating from Bernstein - 10 Jul, 2024

Bernstein has initiated coverage on Persistent Systems with an outperform rating and a target price of Rs 5,920 per share, reflecting a 28% upside potential. The company's revenue climbed by 17% YoY, rising from ₹8,351 crore in FY22-23 to ₹9,822 crore in FY23-24.

Persistent Systems Receives Mixed Ratings from Analysts - 09 Jul, 2024

Bernstein initiates coverage on engineering services companies including Persistent Systems with an outperform rating and a target price of Rs 5,920. However, Citi maintains a sell call with a target price of Rs 3,080 due to potential margin decline in Q2 and market concerns over FY25 guidance.

Persistent Systems Shows Promising Performance with 18.7% Increase in Earnings - 08 Jul, 2024

Persistent Systems, a growth-oriented company in India, has reported an 18.7% increase in earnings over the past year and is expected to see revenue and earnings growth outpace the broader Indian market at 13.5% and 18% per year, respectively. Recent strategic initiatives include launching GenAI Hub to bolster enterprise AI applications.

Persistent Systems Acquires US-Based AI Firm - 05 Jul, 2024

Persistent Systems acquires Starfish Associates, LLC, USA, to strengthen its AI offerings and improve its presence in the contact center automation domain. The company is experiencing steady growth with an increase in earnings and reliable dividend yield.

Persistent Systems Acquires Starfish Associates to Expand AI Business Offerings - 04 Jul, 2024

Persistent Systems acquires New Jersey-based firm Starfish Associates for $20.7 million to deepen expertise in business operations and expand AI-driven business transformation capabilities. ICICI Securities maintains an add rating to the stock.

Persistent Systems Acquires Starfish Associates for $20.7 Million - 03 Jul, 2024

IT firm Persistent Systems has acquired New Jersey-based Starfish Associates for $20.7 million, expanding its AI-driven business transformation capabilities in the Contact Center and Unified Communications space.

Persistent Systems Launches GenAI Hub; Analysts Recommend Buying Stock - 02 Jul, 2024

Persistent Systems is demonstrating robust financial health and strategic innovation. The launch of the GenAI Hub indicates strong future potential through technological leadership and market responsiveness. Mehta Equities recommends buying the stock with a target price of 4700.

Persistent Systems Gains Ahead of Earnings Report - 01 Jul, 2024

Persistent Systems' stock gains 5.59% on NSE and is up for the third straight session. The company is poised for robust growth with an expected annual earnings increase of 18.2%. Additionally, the Nifty IT index gained 2%, with Persistent Systems up 2-4% ahead of their Q1FY25 earnings report next week.

Persistent Systems Shows Potential Amid Executive Changes - 26 Jun, 2024

Persistent Systems' insider ownership dynamics and expected earnings growth of 18.18% annually show potential despite recent organizational instability due to multiple senior-level resignations. The company's stock has gained around 6.4% in the last month.

Persistent Systems Demonstrates Robust Growth Despite Executive Changes - 25 Jun, 2024

Persistent Systems has reported a 13.3% annual increase in revenue, outpacing the Indian market average of 9.6%. The launch of GenAI Hub is set to enhance enterprise AI application development significantly. However, earnings growth is expected to be below the high growth benchmark of over 20%.