
Persistent Systems Limited announced robust financial results for the quarter ending December 31, 2024, reporting strong year-on-year (YoY) and sequential growth.
Key Financial Highlights:
- Revenue from Operations: ₹3,062.28 crore, marking a 22.6% YoY growth from ₹2,498.22 crore in Q3 FY24 and a 5.7% QoQ growth from ₹2,897.15 crore in Q2 FY25.
- Total Income: ₹3,104.91 crore, up 22.4% YoY from ₹2,536.53 crore.
- Net Profit: ₹372.99 crore, a 30.3% YoY increase from ₹286.14 crore and a 14.8% QoQ growth from ₹324.99 crore.
Operational Highlights:
- Employee Benefits Expense: ₹1,763.94 crore, a significant portion of total expenses, reflecting the company’s focus on talent acquisition and retention.
- Depreciation and Amortization: ₹82.11 crore, marginally higher QoQ, showcasing continued investments in infrastructure and resources.
- Other Expenses: ₹327.37 crore, highlighting operational efficiencies.
Outlook:
Persistent Systems continues its growth trajectory with strategic investments in technology and talent, ensuring sustained performance across verticals. The company’s focus on expanding its service portfolio and maintaining operational excellence positions it for future growth.