As the demand trends for the IT industry looks strong, the company believes it can beat NASSCOM guidance for FY14.
Rohit Kamat, company CFO expects to report good growth in revenue and margins in the second half of the fiscal, subject to vacation time and currency impact.
Anand Deshpande, CMD & CEO, Persistent Systems expects steady growth in intellectual property (IP) business going forward, which in turn will help improve margins.
Persistent Systems profits and margins have not been affected by rupee depreciation as the company hedges some of its revenues and will continue to adopt that strategy.
Anand Deshpande, CMD, Persistent Systems says, in an interview to CNBC-TV18, that the challenge was to boost IP revenue and the EBITDA is up 0.8 percent
Persistent Systems has announced its first-quarter earnings. CEO Anand Deshpande explains to CNBC-TV18 the various aspects of the company‘s performance in the first quarter.
Pune-based Persistent Systems CEO Anand Deshpande spoke to CNBC-TV18 about the company‘s fourth-quarter results.Deshpande says that significant investments are expected in the IP-led portfolio and adds that margins were improved by increased focus on achieving a PAT higher than last year‘s.
Anand Deshpande, chief executive officer, Persistent Systems in an interview to CNBC-TV18 said, the company's margins and profits in the third quarter increased because of currency benefits.
Speaking to CNBC-TV18, chief executive of Persistent Systems, Anand Deshpande says that they revised guidance downwards because they have a better understanding of the problems of the business now.
Anand Deshpande, Founder, CMD, Persistent Systems in an interview with CNBC-TV18 said that the company is not seeing any slowdown in terms of any of customers reducing specific budgets. It says that the revenue targets are on track and aims to maintain profit before tax margins this year.
In an interview with CNBC-TV18's Reema Tendulkar, Anand Deshpande, CEO, Persistent Systems says, the revenue for the quarter ended March 31, 2011 is Rs 212 crore and profit after tax (PAT) is at Rs 33 crore. He expects FY12 top-line to be around USD 220 million.