Persistent Systems Q2 Review - Result Beat On All Counts, Growth Metrics On Track: Dolat Capital

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 Q2 results with 9.3% QoQ growth (our estimate: 8%) led by broad-based growth across verticals (banking financial services and insurance/communication/healthcare – 8.9%/7.9%/13.0% QoQ). Operating profit margin improved by 30 basis points QoQ to 13.8% (our estimate: 13.1%) driven by increased offshoring leverage.Persistent Systems' total contract value stood at $283 million with new deals TCV at $149 million. Trailing twelve months TCV is now at $1.1 billion and new TCV is $610 million. The annual contract value on trailing twelve months basis stood at $847 million and implies a revenue coverage of about 1.3 times, suggesting potential for sustained momentum. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

Persistent Systems Q2 Review - Result Beat On All Counts, Growth Metrics On Track: Dolat Capital

Persistent Systems Q2 Review - Result Beat On All Counts, Growth Metrics On Track: Dolat Capital

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