Persistent Systems Q1 FY17 revenue reaches USD 104.76 Million with 33.3% YoY and 4.3% QoQ growth

Pune, India and Santa Clara, US – July 23, 2016

News Summary:
Persistent Systems (BSE & NSE: PERSISTENT), today announced quarterly revenue of INR 7,017.77 Million and profit after tax of INR 732.86 Million for the quarter ended June 30, 2016.

Consolidated Financial Highlights for the Quarter ended June 30, 2016:
Q1 FY17 QoQ growth YoY growth
Revenue (USD Million) 104.76 4.3% 33.3%
Revenue (INR Million) 7,017.77 3.6% 40.2%
EBITDA (INR Million) 1,057.51 -1.5% 9.1%
PBT (INR Million) 968.00 -5.8% 3.0%
PAT (INR Million) 732.86 -9.3% 9.0%

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

“Software driven everything is the next Industrial Revolution. With business models and things becoming software driven, our expertise in DevOps and continuous engineering are proving prescient and more important than ever. Software 4.0, with agile at its core, is how enterprises can continuously transform by design.”

Major Wins during the Quarter::

  • Software driven Experiences
    • Transform the digital experiences for agents, customers, and sales of a software company providing financial software and related services to small businesses, accountants and individuals.
    • Process transformation with a focus on experiences, based on Appian, for a UK-based multinational banking and financial services company.
    • Strategic multi-year partnership to continuously transform one of the world’s largest claim management companies.
  • Software driven Insights
    • Enhancing customer insights, based on Salesforce Service Cloud and related integrations, for one of the largest payroll service providers in the US.
    • Selected by a US bank to enhance their data architecture for more accurate and timely metrics related to customer growth and 360 degree relationship views.
  • Software driven Things
    • Create new offerings and revenue streams for a leading electrical manufacturing company in Northern Ireland, using the Aepona IoT platform from Accelerite.

Accelerite Product Announcements during the Quarter:

  • Announced availability of CloudPlatform 4.7 to support new capabilities in computing, networking and operations.
  • Announced CloudSense, zero to cloud in 60 minutes; a full stack private or public hosted cloud for enterprises and service providers with similar capabilities of leading public clouds.

Awards and Recognitions during the Quarter:

About Persistent Systems:
Persistent Systems (BSE & NSE: PERSISTENT) builds software that drives the business of our customers; serving software product companies and enterprises with software at the core of their digital transformation.

Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit:
http://content.persistent.com/Pslweb/forward_looking_cautionary_statement.shtml

For more information, please contact:

Ken Montgomery
Persistent Systems
Vice President, Global Communications
Tel: +1 213 500 8355
Email: ken_montgomery@persistent.com

Hitesh Garg
Text100
Tel: +91-9833482728
Email: Hitesh.garg@text100.co.in

You May Be Interested In

Financial Results

Comparative Analysis: 5 year CAGR now at 15.2%

Corporate Governance

Ethical Practices at Persistent Systems

ANNUAL REPORT

Shaping the future of software driven business – 2018-19

Start typing and press Enter to search

Contact Us
close slider

Contact Us
Have a question? Drop us a line and we will get in touch with you!

Yes, I would like Persistent to contact me on the information provided above. Click Here to read our full Privacy Notice.