Persistent Systems Reports 9.8% Revenue Growth and 6.7% PAT Growth for Q2 FY19 on YoY basis

INR 8,355.57 M

Q2 FY19 Revenue

9.8%

YoY Growth in Revenue

6.7%

YoY Growth in PAT

While our digital numbers are lower than expected, we see good growth opportunities across all segments of our business and multiple new projects started this quarter that will deliver long-term revenue growth. The shortfall in digital revenue can be attributed to short closure of one of our projects and a shift in the business mix as some projects moved offshore.

We continue to invest in new technologies and in enhancing domain and consulting skills in our customers’ geography as can be seen from the acquisition of Herald Health and the setting up of Partners Healthcare Pivot Labs.

Dr. Anand Deshpande –
Chairman and Managing Director, Persistent Systems

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Results for Second Quarter Ended September 30, 2018

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