Persistent continues strong growth trajectory in Q1FY22, reporting 9.2% Q-o-Q and 27.3% Y-o-Y with revenue of $166.82 Million

 Persistent continues strong growth trajectory in Q1FY22, reporting 9.2% Q-o-Q and 27.3% Y-o-Y with revenue of $166.82 Million

PUNE, India and SANTA CLARA, Calif., July 22, 2021 /PRNewswire/ — Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT) today announced the Company’s audited financial results for the quarter ended June 30, 2021, as approved by the Board of Directors.

Consolidated Financial Highlights for the Quarter ended June 30, 2021:

 

Q1FY22

Margin %

Q-o-Q growth

Y-o-Y growth

Revenue (USD Million)

166.82

 

9.2%

27.3%

Revenue (INR Million)

12,299.26

 

10.5%

24.1%

EBITDA (INR Million)

2,015.20

16.4%

7.0%

37.6%

PBT (INR Million)

2,030.52

16.5%

9.8%

66.4%

PAT (INR Million)

1,512.48

12.3%

9.8%

68.0%

The 31st Annual General Meeting of the Company was held on July 21, 2021. All the resolutions including final dividend payment of INR 6.00 per share, were passed with requisite majority.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems:

“The 9.2% sequential growth…

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