Moneycontrol
Jul 20, 2017 07:09 PM IST | Source: Moneycontrol.com

Persistent Systems Q1 PAT seen up 11.2% QoQ to Rs 81 cr: Edelweiss

Net Sales are expected to increase by 1.4 percent Q-o-Q (up 5.1 percent Y-o-Y) to Rs 737.6 crore, according to Edelweiss. Persistent Systems to report net profit at 81 crore up 11.2% quarter-on-quarter.

Persistent Systems Q1 PAT seen up 11.2% QoQ to Rs 81 cr: Edelweiss

Edelweiss has come out with its first quarter (April-June) earnings estimates for the Information Technology sector. The brokerage house expects Persistent Systems to report net profit at 81 crore up 11.2% quarter-on-quarter (10.4% year-on-year).


Net Sales are expected to increase by 1.4 percent Q-o-Q (up 5.1 percent Y-o-Y) to Rs 737.6 crore, according to Edelweiss.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 0.3 percent Q-o-Q (up 12 percent Y-o-Y) to Rs 118.4 crore.


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