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Persistent Systems Reports Revenue Growth of 4.5% QoQ and 12.3% YoY for Q2 FY18PUNE, India and SANTA CLARA, California, October 16, 2017 /PRNewswire/ -- News Summary: Persistent Systems (BSE & NSE: PERSISTENT), today announced the Company's audited financial results for the second quarter ended September 30, 2017, as approved by the Board of Directors. (Logo: http://photos.prnewswire.com/prnh/20141106/714346 ) Consolidated Financial Highlights for the Quarter ended September 30, 2017: Q2 FY18 QoQ growth YoY growth Revenue (USD Million) 118.10 4.5% 12.3% EBITDA (USD Million) 17.96 10.9% 4.5% PBT (USD Million) 17.29 9.3% 13.2% PAT (USD Million) 12.82 10.0% 12.4% Consolidated Financial Highlights for the Half-Year ended September 30, 2017: H1 FY18 YoY growth Revenue (USD Million) 231.07 10.1% EBITDA (USD Million) 34.15 1.7% PBT (USD Million) 33.11 9.3% PAT (USD Million) 24.47 7.4% Dr. Anand Deshpande, Chairman and Managing Director, Persistent Systems: "We are pleased with our performance this quarter, we have seen continued and steady growth in our revenues supported by improved margins. We see strong demand in data, digital and IoT, specifically in healthcare and financial services. Our methodology, Software 4.0 is helping our customers accelerate their journey towards becoming a software driven business. Encouraged by the splendid response to the inaugural edition, we are delighted to launch Smart India Hackathon 2018. Smart India Hackathon, which started as a simple idea sparked at Persistent Systems has now evolved into a nationwide movement." Key Wins during the quarter: Momentum in Financial Services and Healthcare
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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: https://www.persistent.com/FLCS. Media Contacts: Isha Kulkarni Ken Montgomery SOURCE Persistent Systems |