Title

Q1 FY22 Quarterly Results

  • Revenue

    $166.82M

  • Q-o-Q

    +9.2%

  • Y-o-Y

    +27.3%

Consolidated Financial Highlights for the Quarter ended June 30, 2021:

Q1FY22 Margin % Q-o-Q growth Y-o-Y growth
Revenue (USD Million) 166.82 9.2% 27.3%
Revenue (INR Million) 12,299.26 10.5% 24.1%
EBITDA (INR Million) 2,015.20 16.4% 7.0% 37.6%
PBT (INR Million) 2,030.52 16.5% 9.8% 66.4%
PAT (INR Million) 1,512.48 12.3% 9.8% 68.0%
The 9.2% sequential growth and 27.3% year-on-year growth that we delivered this quarter was amongst the highest ever. I’m especially proud of our team for this achievement during these challenging times. We won several large digital engineering and enterprise modernization deals. These deals reinforce the differentiated value we deliver to both technology companies and enterprise clients. Our commitment to client success remains central. Our focus on deepening client relationships, disciplined execution, and operational excellence are foundational to achieving consistent, profitable growth. During this quarter, we also acquired Sureline Systems, to bolster our cloud capabilities.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems

First Quarter FY22 Client Wins and Outcomes
Software, Hi-Tech & Emerging Industries
  • Accelerating the development of an intelligent virtual agent solution for a leading IT provider.
  • Implementing Salesforce platform to drive business growth, improve CX and unify business processes for an education travel organization.
  • Re-architecting, re-engineering and modernizing gaming systems for a leader in gaming and lottery products and services.

Banking, Financial Services and Insurance
  • Co-engineering a next generation microservices based platform and managing legacy products for a leading US State and Local Government solution provider.
  • Transforming wholesale and commercial lending operations through consolidation of multiple legacy systems of record for a major US bank.
  • Delivering faster time to market for best-in-class employee management solution with cost-effective, rapid scale-up for a US HR and payroll service provider.
Healthcare & Life Sciences
  • Developing enterprise integration platform, RPA-based CoE and Azure data lake for clinical trial reporting for a leading biopharmaceutical company.
  • Managing Salesforce roadmap and providing managed services supporting proprietary inventory management platform for a large US-based pharmaceutical firm.
  • Modernizing cloud security utilizing Azure to improve business safety and resilience for the European arm of a global retail pharmacy company.
Previous Quarterly Results

Contact us

You can also email us directly at info@persistent.com.

You can also email us directly at info@persistent.com