Persistent Systems' third quarter profit after tax is expected to increase 9.8 percent sequentially to Rs 78.3 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Revenue of the software services provider is seen going up 6.8 percent quarter-on-quarter to Rs 496 crore and dollar revenue may jump 4.8 percent to USD 80 million in the quarter ended December 2014, led by services segment.
Operating profit is likely to surge 22.5 percent to Rs 117.1 crore and margin may expand 300 points to 23.6 percent during the same period on sequential basis. The margin expansion may be on the back of a pick of growth, improvement in utilisation and rupee depreciation.
PAT growth may be impacted by lower other income and also there could be a forex loss during the quarter (compared to forex gain of Rs 15.5 crore in Q2FY15).
Analysts believe the company is expected to be beneficiary of the digital wave as the stock rallied 86 percent in last one year, outperforming the IT index.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
