Persistent Systems Q3 - Alliance Revives With 12% Growth: Dolat Capital
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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.
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