Persistent Systems Limited — Updates, 22-01-2025: Press Release

Persistent Systems reported a robust performance for the quarter ended December 31, 2024, achieving a revenue of $360.2 million, marking a 4.3% quarter-on-quarter and 19.9% year-on-year increase. In INR terms, revenue reached ₹30,622.8 million, while EBITDA was ₹5,378.4 million, reflecting a 17.6% margin. The company’s profit before tax was ₹4,820.4 million, and profit after tax was ₹3,729.9 million, demonstrating strong year-on-year growth of 23.8% and 30.4%, respectively. An interim dividend of ₹20 per share has been declared.

Sandeep Kalra, CEO, emphasized the significance of their AI-led strategy, underpinned by the recent ISG Star of Excellence Award and over 20 patents filed for their SASVA™ platform. Q3 saw notable client wins with total contract value bookings amounting to $594.1 million. Recognized for their financial stability, Persistent earned an AA+ credit rating from ICRA and gained inclusion in the Dow Jones Sustainability World Index. This performance underscores a positive outlook for potential growth, driven by innovation and market demand.