Persistent Systems Q3 - Alliance Revives With 12% Growth: Dolat Capital 
A person works on an assignment on a laptop computer (Photographer Daniel Acker/Bloomberg)

Persistent Systems Q3 - Alliance Revives With 12% Growth: 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 Q3 performance, with 7.4% QoQ growth at $146 million (our estimate 3.4%).

Operating profit margin improved by 60 basis points QoQ to 12.7% (our estimate 11.5%) driven by sustained traction across businesses.

Alliance (24% of revenue) clocked growth of 12% QoQ as it witnessed better traction both on intellectual property as well as reseller side.

Technology services unit (76% of revenue) reported growth of 6% QoQ as it continues to clock strong deal win momentum.

Click on the attachment to read the full report:

Dolat Capital Persistent Q3FY21 Result Update.pdf

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