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  • Persistent invests $250k in start-up via venture fund

    As the demand trends for the IT industry looks strong, the company believes it can beat NASSCOM guidance for FY14.

  • Expect to beat Nasscom guidance on $ rev growth: Persistent

    Expect to beat Nasscom guidance on $ rev growth: Persistent

    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.

  • Confident of 15% plus $ rev growth for FY14: Persistent Sys

    Confident of 15% plus $ rev growth for FY14: Persistent Sys

    Anand Deshpande, CMD & CEO, Persistent Systems expects steady growth in intellectual property (IP) business going forward, which in turn will help improve margins.

  • Will maintain vol expansion depite rupee fall: Persistent

    Will maintain vol expansion depite rupee fall: Persistent

    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.

  • Challenge to boost IP revenue; EBITDA up 0.8%: Persistant

    Challenge to boost IP revenue; EBITDA up 0.8%: Persistant

    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

  • Will beat Nasscom's 11%-14% guidance: Persistent

    Will beat Nasscom's 11%-14% guidance: Persistent

    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.

  • Persistent Systems to beat Nasscom's forecast of 11%-14%

    Persistent Systems to beat Nasscom's forecast of 11%-14%

    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.

  • Deal pipeline strong; eye 19% PBT margins: Persistent Sys

    Deal pipeline strong; eye 19% PBT margins: Persistent Sys

    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.

  • Deal closure unpredictability a problem: Persistent Systems

    Deal closure unpredictability a problem: Persistent Systems

    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.

  • Persistent Systems aims to maintain profit margins ahead

    Persistent Systems aims to maintain profit margins ahead

    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.

  • See FY12 topline at USD 220 million: Persistent Systems

    See FY12 topline at USD 220 million: Persistent Systems

    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.

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