Powered by: Motilal Oswal

News

Buy Persistent Systems Ltd For Target Rs.5,810 By PL Capital Quick Pointers: * Margin steady despite wage hike implementation & multiple headwinds during the quarter * Won highest TCV ever of US$ 529 mn incl. net new wins of US$ 390 mn PSYS reported strong growth in Q2FY25, with revenue of US$345 million, up 5.1% QoQ in CC and 5.3% QoQ in USD terms, exceeding our estimate of 2.9% QoQ CC growth and consensus estimate of 3.9% QoQ USD growth. BFS and Healthcare segments drove growth despite ongoing weakness in Hitech sector. EBIT margin remaine...
Buy Persistent Systems Ltd For Target Rs.5,810 By PL Capital
Buy Persistent Systems Ltd For Target Rs.5,810 By PL Capital
Source: Prabhudas Lilladher Capital
2024-12-03 10:24:40 am
Buy Persistent Systems Ltd For Target Rs. 6300 By Motilal Oswal Financial Services Ltd Another strong show Strong growth and commendable profitability management * Persistent Systems (PSYS) reported 2QFY25 revenue of USD345.5m, +5.3% QoQ in USD terms, above our estimate of ~+4.6% QoQ. It reported CC growth of 5.1% QoQ. EBIT margin stood at 14%, above our estimate of 13.6%. EBIT grew 5.8% QoQ/22.8% YoY to INR4.1b. PAT came in at INR3.2b, up 6.1% QoQ/23.4% YoY, in line with our estimate of INR3.2b. For 1HFY25, revenue/EBIT/PAT grew 19.0%/16.7%/16.8% vs. 1HFY24. We expect reve...
Buy Persistent Systems Ltd For Target Rs. 6300 By Motilal Oswal Financial Services Ltd
Buy Persistent Systems Ltd For Target Rs. 6300 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-11-01 11:32:29 am
Persistent Systems gains on planning to acquire Arrka Persistent Systems is currently trading at Rs. 5474.50, up by 37.80 points or 0.70% from its previous closing of Rs. 5436.70 on the BSE. The scrip opened at Rs. 5438.95 and has touched a high and low of Rs. 5489.70 and Rs. 5394.60 respectively. So far 1837 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5587.95 on 27-Sep-2024 and a 52 week low of Rs. 2790.00 on 09-Oct-2023.  Last one week high and low of th...
Persistent Systems gains on planning to acquire Arrka
Persistent Systems gains on planning to acquire Arrka
Source: Accord Fintech
2024-09-30 10:22:13 am
Buy Persistent Systems Ltd For Target Rs.330 By Motilal Oswal Financial Services Ltd Worries on margins to recede We recently met with the management team of PSYS to understand the company’s strategic priorities and financial outlook for the coming years. Key takeaways: (1) PSYS is targeting a revenue of USD2b by FY27, and the management is optimistic about achieving this target despite a challenging business environment. (2) The company is implementing strict cost management strategies and has visible margin levers such as SG&A, offshoring and pyramid; it has al...
Buy Persistent Systems Ltd For Target Rs.330 By Motilal Oswal Financial Services Ltd
Buy Persistent Systems Ltd For Target Rs.330 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Lttd
2024-09-23 11:57:03 am
Buy Persistent Systems Ltd For Target Rs. 6,300 By Motilal Oswal Financial Services Ltd Worries on margins to recede We recently met with the management team of PSYS to understand the company’s strategic priorities and financial outlook for the coming years. Key takeaways: (1) PSYS is targeting a revenue of USD2b by FY27, and the management is optimistic about achieving this target despite a challenging business environment. (2) The company is implementing strict cost management strategies and has visible margin levers such as SG&A, offshoring and pyramid; it has al...
Buy Persistent Systems Ltd For Target Rs. 6,300 By Motilal Oswal Financial Services Ltd
Buy Persistent Systems Ltd For Target Rs. 6,300 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-09-21 11:31:29 am
Persistent Systems inches up on entering into Asset Purchase Agreement with SoHo Dragon Persistent Systems is currently trading at Rs. 5280.00, up by 6.85 points or 0.13% from its previous closing of Rs. 5273.15 on the BSE. The scrip opened at Rs. 5300.00 and has touched a high and low of Rs. 5319.90 and Rs. 5269.00 respectively. So far 1911 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5331.90 on 06-Sep-2024 and a 52 week low of Rs. 2790.00 on 09-Oct-2023. Last one week high and low of the scrip...
Persistent Systems inches up on entering into Asset Purchase Agreement with SoHo Dragon
Persistent Systems inches up on entering into Asset Purchase Agreement with SoHo Dragon
Source: Accord Fintech
2024-09-11 11:26:47 am
Reduce Persistent Systems Ltd For Target Rs.4,150 By Emkay Global Financial Services Persistent posted yet another quarter of impressive revenue growth at 5.6% QoQ, above our est. of 5% QoQ. Growth was largely led by Healthcare followed by BFSI, while growth in Software, Hi-Tech, and Emerging Industries was again muted. Reported EBITM of 14% was a tad better than our expectations. But adjusted EBITM of 9.5% missed our estimate. Despite the weakness in adjusted EBITM in Q1, the mgmt. is confident of achieving flattish EBITM YoY in FY25, and has reiterated its medium-term targe...
Reduce Persistent Systems Ltd For Target Rs.4,150 By Emkay Global Financial Services
Reduce Persistent Systems Ltd For Target Rs.4,150 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-08-08 11:23:53 am
IT firm Persistent Systems clocks Rs 2,737 cr revenue in Q1 FY25, PAT down QoQ Digital engineering and enterprise modernisation company Persistent Systems on Friday reported 16 per cent growth in revenue at about Rs 2,737 crore ($328.2 million) for the first quarter of FY25.  According to the company's audited financial results, it clocked profit after tax (PAT) at Rs 306.4 crore, up 33.9 per cent year-on-year (YoY) but down 2.8 per cent on quarter-on-quarter (QOQ). The company announced a final dividend payment of Rs 10 per share. "We have pivote...
IT firm Persistent Systems clocks Rs 2,737 cr revenue in Q1 FY25, PAT down QoQ
IT firm Persistent Systems clocks Rs 2,737 cr revenue in Q1 FY25, PAT down QoQ
Source: IANS
2024-07-19 08:57:36 am
Indian firm Persistent Systems acquires US-based Starfish Associates Digital engineering and enterprise modernisation company Persistent Systems on Wednesday said it had acquired New Jersey-based Starfish Associates for an undisclosed sum.  Known for its enterprise communications automation platform, Starfish Associates caters to the world’s largest enterprises including many Fortune 500 companies. “The integration of Starfish Associates’ platform greatly enhances our unified communications and contact centre management offerings a...
Indian firm Persistent Systems acquires US-based Starfish Associates
Indian firm Persistent Systems acquires US-based Starfish Associates
Source: IANS
2024-07-03 10:38:33 am
Persistent Systems rises on entering into strategic partnership agreement with Google Cloud Persistent Systems is currently trading at Rs. 3746.85, up by 5.30 points or 0.14% from its previous closing of Rs. 3741.55 on the BSE. The scrip opened at Rs. 3799.55 and has touched a high and low of Rs. 3799.55 and Rs. 3728.65 respectively. So far 9149 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4489.93 on 19-Feb-2024 and a 52 week low of Rs. 2318.83 on 03-Aug-2023. Last one week high and low of the scrip...
Persistent Systems rises on entering into strategic partnership agreement with Google Cloud
Persistent Systems rises on entering into strategic partnership agreement with Google Cloud
Source: Accord Fintech
2024-06-11 03:29:48 pm
Persistent Systems soars on launching GenAI Hub Persistent Systems is currently trading at Rs. 3679.20, up by 112.90 points or 3.17% from its previous closing of Rs. 3566.30 on the BSE. The scrip opened at Rs. 3627.95 and has touched a high and low of Rs. 3710.00 and Rs. 3613.35 respectively. So far 11337 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4489.93 on 19-Feb-2024 and a 52 week low of Rs. 2318.83 on 03-Aug-2023. Last one week high and low of the sc...
Persistent Systems soars on launching GenAI Hub
Persistent Systems soars on launching GenAI Hub
Source: Accord Fintech
2024-06-06 03:13:31 pm
Reduce Persistent Systems Ltd For Target Rs. 3,700 - Emkay Global Financial Services Persistent reported mixed performance in Q4 — revenue grew 3.4% QoQ CC, in line with our estimate, while margin of 14.5% (flat QoQ) missed it. Revenue growth still lopsided with HLS contributing ~94% of incremental revenue sequentially. Top client growth was impacted by a planned ramp down for the second consecutive quarter, while other large client growth was healthy. Deal wins TCV was USD447.7mn (1.4x book-to-bill), showing moderation with Q4 and TTM TCV up 6% and 12.6% YoY, respectiv...
Reduce Persistent Systems Ltd For Target Rs. 3,700 - Emkay Global Financial Services
Reduce Persistent Systems Ltd For Target Rs. 3,700 - Emkay Global Financial Services
Source: Emkay Global
2024-05-28 11:57:27 am
Buy Persistent Systems Ltd. For Target Rs.3970 By Choice Broking Ltd Persistent Systems delivered healthy Q4FY24 revenues at $310.9mn (+3.4% QoQ in cc), up 3.4% sequentially and 13.2% YoY in USD terms led by higher on-site ramp ups in some of the large customers driven by vendor consolidation. In INR terms, revenue came at INR25.9bn, up 3.7% sequentially and 14.9% YoY. For FY24, Persistent Systems reported revenues at $1,186mn (+14.5% YoY) while in INR terms, it reported revenues of INR98.2bn (+17.6% YoY). PAT for the quarter stood at ...
Buy Persistent Systems Ltd. For Target Rs.3970 By Choice Broking Ltd
Buy Persistent Systems Ltd. For Target Rs.3970 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-05-06 02:21:53 pm
Buy Persistent Systems Ltd For Target Rs. 8,110 - Motilal Oswal Financial Services Growth outlook already baked into the price Growth momentum continues; led by strong business mix * Persistent Systems (PSYS) delivered 3QFY24 revenue of USD300.6m, up 3.1% QoQ in CC terms, in line with our estimate. Deal win TCV was at a record high (USD 521m), aided by strong wins and renewals in North America. EBITDA margin at 17.7% (up 90bp QoQ) beat our estimates; the improvement was attributed to seasonality in IP business and SG&A optimization. * PSYS’s 3QFY24 reven...
Buy Persistent Systems Ltd For Target Rs. 8,110 - Motilal Oswal Financial Services
Buy Persistent Systems Ltd For Target Rs. 8,110 - Motilal Oswal Financial Services
Source: motilal oswal financial services Ltd
2024-05-01 10:10:16 am
Persistent Systems logs $1,186 million in revenue in FY24, up 14.5 per cent Multinational technology services company Persistent Systems on Sunday announced revenue of $1,186 million in FY24, which is up 14.5 per cent (year-on-year). The IT services firm reported an 25.36 per cent rise in net profit to Rs 315.3 crore (year-on-year) for the fourth quarter (Q4). The company’s board recommended a final dividend of Rs 10 per share on the face value of Rs 5 per share for the financial year 2023-24. "Our continued success this fiscal year is a testament...
Persistent Systems logs $1,186 million in revenue in FY24, up 14.5 per cent
Persistent Systems logs $1,186 million in revenue in FY24, up 14.5 per cent
Source: IANS
2024-04-22 09:31:09 am
Accumulate : Persistent Systems Ltd For Target Rs.8,300 - Elara Capital Strong show despite soft demand All-round beat led by superlative Q3 Diverging from soft growth posted by top Indian IT players in a seasonally weak Q3, Persistent Systems (PSYS IN) continued to see an all-round beat on Street/our estimates. Revenues at USD 300.6mn were slightly ahead of both our/Street estimates by 0.4% each. CC revenue growth at 3.1% QoQ was 40bps ahead of our estimates. Growth was led by Medical vertical, with 16.4% QoQ growth, though offset by flat growth from Hi-Tech ...
Accumulate : Persistent Systems Ltd For Target Rs.8,300 - Elara Capital
Accumulate : Persistent Systems Ltd For Target Rs.8,300 - Elara Capital
Source: Elara Capital
2024-02-15 11:45:41 am
Persistent Systems edges higher on launching Population Health Management solution Persistent Systems is currently trading at Rs. 8641.00, up by 3.30 points or 0.04% from its previous closing of Rs. 8637.70 on the BSE. The scrip opened at Rs. 8670.00 and has touched a high and low of Rs. 8700.00 and Rs. 8567.75 respectively. So far 7190 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8828.60 on 30-Jan-2024 and a 52 week low of Rs. 3959.25 on 17-Apr-2023. Last one week high and low of the scri...
Persistent Systems edges higher on launching Population Health Management solution
Persistent Systems edges higher on launching Population Health Management solution
Source: Accord Fintech
2024-02-09 03:35:29 pm
Persistent Systems zooms on reporting 20% rise in Q3 consolidated net profit Persistent Systems is currently trading at Rs. 8653.60, up by 729.35 points or 9.20% from its previous closing of Rs. 7924.25 on the BSE. The scrip opened at Rs. 8101.15 and has touched a high and low of Rs. 8679.05 and Rs. 8101.15 respectively. So far 21060 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8716.65 on 23-Jan-2024 and a 52 week low of Rs. 3959.25 on 17-Apr-2023. Last one week high and low of the s...
Persistent Systems zooms on reporting 20% rise in Q3 consolidated net profit
Persistent Systems zooms on reporting 20% rise in Q3 consolidated net profit
Source: Accord Fintech
2024-01-23 10:10:22 am
Nifty closed in the green on 5 occasions in month of November for last 10 yrs An analysis for the month of November indicated that the Nifty had closed in the green on five occasions with an average return of 1.2 per cent in the last 10 years, JM Financial Institutional Securities said in a report.The Nifty Mid-cap index, on the other hand, has shown a relatively stronger seasonality, closing in the green on eight occasions with an average return of 2.1 per cent, the report said.It has managed to outperform the Nifty on seven occasions with an average outperformance of...
Nifty closed in the green on 5 occasions in month of November for last 10 yrs
Nifty closed in the green on 5 occasions in month of November for last 10 yrs
Source: IANS
2023-10-26 01:52:06 pm