Persistent System is likely to see net profit at Rs 71.5 crore in April-June quarter, down 11.5 percent from Rs 80.8 crore in last quarter. According to CNBC-TV18 poll, the company's dollar revenue may rise 5.1 percent at USD 105.5 million in Q1 against USD 100.4 million on sequential basis.
During the quarter, EBITDA is seen at Rs 102 crore versus Rs 103.8 crore while EBITDA percentage may come in at 14.4 percent against 15.33 percent quarter-on-quarter.
Analysts polled by CNBC-TV18 say topline growth is likely to be driven by traction in IBM Watson deal and incremental revenues from Citrix. However, there are concerns that organic revenue growth may be muted due to sluggish growth.
Margins in Q1 are expected to be lower weighed down by investments on IBM deal, visa costs and absence of gratuity write‐back. Margins have been steadily declining due to investments made by the company. The management indicated 200-250 basis points (bps) decline in margins over the next two years.
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