Persistent Announces Another Quarter of Consistent Growth with Revenue Up 32.8%
Reports 34.9% Y-o-Y PAT growth and declares Interim Dividend of ?28 per share
SANTA CLARA, Calif. and PUNE, India, Jan. 18, 2023 /PRNewswire/ --
Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT) today announced the Company's audited financial results for the quarter ended December 31, 2022, as approved by the Board of Directors.
Consolidated Financial Highlights for the Quarter ended December 31, 2022
The Board of Directors declared an Interim Dividend of ?28 per share on the face value of ?10 each for the Financial Year 2022-2023.
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent:
In addition, we received multiple analyst and advisor accolades ranking us as a Leader, including in the Everest Group Software Product Engineering Services PEAK Matrix®, the Zinnov Zones Engineering Research & Development Services 2022 report, and the ISG Provider Lens™ Next-Gen ADM Services U.S. 2022."
Third Quarter FY23 Client Wins and Outcomes
The order booking for the quarter ended on December 31, 2022, was at $440.2 million in Total Contract Value (TCV) and at $326.3 million in Annual Contract Value (ACV) terms.
Some of the key wins for the quarter include:
Software, Hi-Tech & Emerging Industries
Banking, Financial Services & Insurance
Healthcare & Life Sciences
Awards and Recognitions
News in the Quarter
With over 22,500 employees located in 18 countries, Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization. We work with the industry leaders including 14 of the 30 most innovative companies as identified by BCG, 80% of the largest banks in the US and India, and numerous innovators across the healthcare and software ecosystems. As a participant of the United Nations Global Compact, Persistent is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. Persistent was named to the Forbes Asia Best Under a Billion 2021 list, representing consistent top-and bottom-line performance as well as growth.
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit persistent.com/FLCS
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