The company’s revenue for the second quarter ended September 2024 stands at Rs 2,897.15 crore.
Persistent Systems posted an EBITDA of Rs 480.73 crore for the reporting period, up by 18.7% YoY, while the EBITDA margin was reported at 16.6%.
The total expenses for the reporting quarter rose to Rs 2,509.15 crore versus Rs 2,093.19 crore for the same quarter of the previous fiscal year.
The order booking for the quarter ended in September 2024 was at $529.0 million in Total Contract Value (TCV) and at $348.3 million in Annual Contract Value (ACV) terms.
Also read: Zomato Q2 Results: PAT skyrockets 389% YoY to Rs 176 crore; revenue zooms 68%“This quarter, we continued to strengthen our capabilities and advance our AI-led, platformdriven services strategy. We brought on Starfish Associates to elevate our AI-powered contact center modernization; the addition of Arrka expands our comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity,” said Sandeep Kalra, Chief Executive Officer and Executive Director at Persistent Systems.“For the second year in a row, we were named a Challenger in the 2024 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services. We believe this inclusion underscores our differentiated cloud expertise and ability to deliver boutique-style client experiences using AI and automation,” Kalra added.
Currently, the market capitalization of Persistent Systems stands at Rs 80,543.28 crore.
The shares of Persistent Systems closed 1.5% lower at Rs 5,168 on BSE today.
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