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Persistent Systems Q3 FY16 Revenue Grew Sequentially by 9.1% and PAT by 7.8%PUNE, India and SANTA CLARA, California, January 25, 2016 /PRNewswire/ -- - Declared Interim Dividend of INR 5 Per Share - Appointed Industry Veteran Tom Kendra to the Board - Focus on Enterprise Digital Transformation With a Strong Partner Ecosystem Drives Growth Persistent Systems (BSE & NSE: PERSISTENT), riding increased strength from its partner ecosystem to drive enterprise digital transformation, today announced record quarterly sales of INR 5,920.74 M and a profit after tax of INR 774.89 M for the third quarter ended December 31, 2015, as approved by the Board of Directors. The Board approved an interim dividend of INR 5 per share. (Logo: http://photos.prnewswire.com/prnh/20141106/714346) The Company also announced the appointment of industry veteran Tom Kendra, based in the US, to its Board of Directors. Tom recently retired from Dell's Software group where he was Vice President and General Manager of the Systems Management business. Prior to Dell, Tom served in senior management roles at CA Technologies, Symantec Corporation and IBM. "Our strategy continues to pay off. Our platform-based solutions and a robust partner ecosystem drives our strategy for enterprise digital transformation. Our acquisitions are strengthening our technology expertise, all helping fuel a record quarter for us," said Dr. Anand Deshpande, Managing Director and CEO, Persistent Systems. "We are excited about Honorable Prime Minister Mr. Modi's initiatives including Digital India and Startup India. These align with our own entrepreneurial culture and long history of partnering with start-ups globally. We will continue to foster the emergence of thi aspect of India's potential." he added. Consolidated Financial Highlights for the Quarter ended December 31, 2015: Q3 FY16 Q-o-Q growth Y-o-Y growth Revenue (USD Million) 89.65 8.1% 12.7% Revenue (INR Million) 5,920.74 9.1% 19.7% EBITDA (INR Million) 1,110.45 9.1% 11.6% PAT (INR Million) 774.89 7.8% 4.1% Consolidated Financial Highlights for year to date December 31, 2015 YTD Dec. 2015 YTD Dec. 2014 Y-o-Y growth Revenue (USD Million) 251.21 228.50 9.9% Revenue (INR Million) 16,352.21 13,937.99 17.3% EBITDA (INR Million) 3,097.04 2,901.05 6.8% PAT (INR Million) 2,165.54 2,145.81 0.9% Enterprise Customer Wins:
Business Highlights from the Quarter:
Accelerite Highlights from 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: SOURCE Persistent Systems |