Persistent Systems - IP Led, Services Both Drive Q3 Revenues: ICICI Direct 
An attendee works on a laptop computer. (Photographer Aaron M. Sprecher/Bloomberg)

Persistent Systems - IP Led, Services Both Drive Q3 Revenues: ICICI Direct 

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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.

ICICI Direct Report

Persistent System Ltd. reported a healthy set of Q3 FY21 numbers.

Dollar revenues increased 7.4% QoQ to $146.1 million, mainly led by a 5.0% QoQ increase in services revenues (82% of revenues) and a 19.8% QoQ increase in intellectual property led revenues.

Rupee revenues increased 6.7% QoQ to Rs 1075 crore.

In terms of verticals, growth was led by technology companies and emerging vertical (up 13.3% QoQ) and lifescience and healthcare (up 6.3% QoQ).

In terms of geography, growth was led by the Americas (up 5% QoQ), and Europe (up 24% QoQ).

Click on the attachment to read the full report:

ICICI Direct Persistent Systems Company Update.pdf

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