BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Persistent Systems Ltd. reported stellar Q1 results with 9.2% q-o-q growth (our estimate- 4.4%) led by broad-based growth across verticals (banking financial services and insurance/communications media and technology/healthcare – 11.7%/5.1%/15.9% q-o-q).
Operating profit margin improved by 40 basis points q-o-q to 13.5% (our estimate: 12.8%) driven by lower depreciation (down 16.5% q-o-q) while other operating expenses grew in-line with topline growth.
Persistent Systems' total contract stood at $245 million (Q4: $247 million) with new deals TCV at $148 million.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR