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Persistent Systems Reports Q3 FY18 QoQ Revenue Growth of 3.8% and PAT Growth of 10.6%PUNE, India and SANTA CLARA, January 27, 2018 /PRNewswire/ -- News Summary: Persistent Systems (BSE & NSE: PERSISTENT), today announced the Company's audited financial results for the third quarter ended December 31, 2017, as approved by the Board of Directors. (Photo: http://photos.prnewswire.com/prnh/20141106/714346 ) Consolidated Financial Highlights for the Quarter ended December 31, 2017: (USD Million) Q3 FY18 QoQ growth YoY growth Revenue 122.53 3.8% 11.4% EBITDA 21.28 18.5% 21.5% PBT 18.18 5.2% 10.2% PAT 14.18 10.6% 17.4% Dividend: The Board of Directors at its meeting held on January 27, 2018 declared 70% interim dividend. Management Updates:
Dr. Anand Deshpande, Chairman and Managing Director, Persistent Systems: "We continue to make good progress on our journey of transformation. We observe that businesses are using machine learning and artificial intelligence on the cloud to redefine themselves to become software driven. This aligns well with our capabilities in next generation technologies in data, digital and IoT as is evident from our recent wins." Key Wins 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://www.persistent.com/FLCS Media Contacts: Saviera Barretto Isha Kulkarni Ken Montgomery
SOURCE Persistent Systems Limited |