Persistent Systems Ltd (PERSISTENT)

Persistent Systems Reports Strong Q4 Results; Rating Upgraded to ACCUMULATE - 25 Apr, 2024

Persistent Systems reports strong Q4 results with significant YoY revenue and profit growth. KR Chokseys research report upgrades rating to ACCUMULATE despite lowered TP due to margin pressure and macro environment challenges.

Persistent Systems Stock Drops After Margin Expansion Delay - 24 Apr, 2024

Persistent Systems' stock drops over 10% in three trading sessions after announcing the delay of estimated operating margin expansion beyond FY25, leading analysts to cut EPS forecasts. However, Axis Securities maintains a buy call with a target price of Rs 4350.

Persistent Systems Faces Margin Woes; Analysts Cut EPS Estimates - 23 Apr, 2024

Persistent Systems faces headwinds as brokerages cut their earnings per share estimates for FY25 by 5-8%. The company's muted margin performance in Q4 is the key worry for investors.

Persistent Systems Shares Fall Due to Lower Margins - 22 Apr, 2024

Persistent Systems' Q4FY24 net profit grew 25.4%, but margins were impacted leading to a 9.7% drop in share price. Flat margin guidance for FY25 disappointed investors.

Persistent Systems Reports Rise in Net Profit for Q4 FY24 - 21 Apr, 2024

Mid-tier IT services firm Persistent Systems reported a rise in net profit to Rs 3153.21 million for Q4 FY24, up 10.20% QoQ, with consolidated revenue at Rs 25,905.26 million. The Board has recommended a final dividend of Rs 10 per Equity Share.

Persistent Systems Stock Rises Despite Market Downturn - 12 Apr, 2024

Persistent Systems Ltd's stock rose for a third consecutive session, increasing by 1.39% on the NSE despite the benchmark NIFTY being down around 0.78%. Additionally, Persistent Systems is expected to grow by 3.2% QoQ within mid-tier IT.

Persistent Systems Ltd: Significant Insider and Institutional Ownership - 09 Apr, 2024

Institutions own 41% of Persistent Systems, while insiders maintain a significant holding. The top 8 shareholders hold 52%, and the general public owns 23%. High insider ownership can give immense power to a small group within the company.

JP Morgan Upgrades Persistent Systems; Firm May Announce Final Dividend - 05 Apr, 2024

Persistent Systems is upgraded by JP Morgan to an overweight call and may announce a final dividend for FY 2023-24. Kiran Jani of Jainam Broking selects it as top pick for the day.

Persistent Systems Faces Challenges Despite Strong Growth - 01 Apr, 2024

Persistent Systems' stock has risen 37% in the last six months, outperforming the Nifty IT index. However, challenges to growth remain due to demand uncertainty and pain points in the BFSI and hi-tech segments. The healthcare and life science vertical is expected to drive growth in Q4FY24, but deal TCV may moderate on lower renewals. Persistent aims for $2 billion revenue run-rate by FY27, with stretched valuations at a P/E multiple of 43 times.