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Net Sales are expected to increase by 8.1 percent Q-o-Q (up 11.7 percent Y-o-Y) to Rs. 813 crore, according to HDFC Securities.
All brokerage houses retained their buy rating on the stock and expect the stock to rally up to 32 percent over the next one year period on hopes of robust earnings in FY19.
Net Sales are expected to decrease by 3.6 percent Q-o-Q (up 5 percent Y-o-Y) to Rs. 763.4 crore, according to Edelweiss.
Net Sales are expected to decrease by 5.4 percent Q-o-Q (up 3 percent Y-o-Y) to Rs. 749.1 crore, according to Motilal Oswal.
Persistent Systems has posted good numbers led by strong revenue growth in the alliance division. In an interview to CNBC-TV18, Anand Deshpande, Founder, MD & CEO of the company spoke about the results and his outlook going ahead.
Persistent Systems posted numbers with revenue and margins in-line led by the digital and enterprise segment.
Analysts believe that the margins have bottomed out and should start showing improvement YoY hereon, ending three years of contraction, from 26 percent in FY14 to 16 percent in FY17.
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.
In an interview to CNBC-TV18, Anand Deshpande, Founder, MD & CEO of Persistent Systems spoke about the results and his outlook for the company.
Operating profit may drop to Rs 117.5 crore from Rs 118.6 crore and margin may shrink to 15.8 percent from 15.9 percent on sequential basis.
Net Sales are expected to increase by 2 percent Q-o-Q (up 13 percent Y-o-Y) to Rs 762.9 crore, according to KR Choksey. Persistent Systems to report net profit at 81 crore down 1% quarter-on-quarter.
Persistent Systems came out with Q3FY17 results which met street expectations. In an interview to CNBC-TV18 Anand Deshpande, Founder, MD & CEO of the company said margins grew better than topline for the quarter ended December.
Software services provider Persistent Systems' third quarter profit is seen rising 8.86 percent sequentially to Rs 80 crore and revenue may increase 5.1 percent to Rs 740 crore.
Net Sales are expected to increase by 4.1 percent Q-o-Q (up 23.7 percent Y-o-Y) to Rs 732.6 crore, according to Motilal Oswal
In an interview to CNBC-TV18, Anand Deshpande, Founder, MD & CEO of Persistent Systems said that intellectual property (IP) business is traditionally weak in Q2.
No significant upside is seen in Wipro‘s earnings, said Apurva Prasad, Research analyst – IT at HDFC Securities who has scaled down earnings estimate by 2-3 percent for the company.
Software services provider Persistent System's second quarter profit is seen falling 7.8 percent sequentially to Rs 67.5 crore on weak operational performance, according to analysts polled by CNBC-TV18.
Net Sales are expected to increase by 2.9 percent Q-o-Q (up 33.1 percent Y-o-Y) to Rs 722.1 crore, according to Motilal Oswal.
Persistent Systems reported a 3.6 percent rise in rupee revenue to Rs 701.8 crore while its profit after tax fell 9.3 percent to Rs 73.2 crore. However, the company‘s margins contracted by 80 basis points to 15.1 percent in the first quarter.
Margins in Q1 are expected to be lower weighed down by investments on IBM deal, visa costs and absence of gratuity writeâ€back.
Sales are expected to increase by 3.6 percent Q-o-Q (up 40.2 percent Y-o-Y) to Rs 701.8 crore, according to Motilal Oswal
The deal with IBM contributed 8 percent to Persistent's revenue in Q4. Expect it to increase to 15-20 percent in FY17, says Anand Deshpande, MD and CEO of the company.
Headwinds from depreciation of the British pound (GBP) and other cross-currency movements may also negatively impact USD revenues by 30-50 basis points for the said quarter.
Anand Deshpande, Founder, MD & CEO, Persistent Systems, says the third quarter saw a volume growth of 1.9 percent and a price growth of 1.1 percent.
Dollar revenue growth is likely to be 5.3 percent at USD 87.35 million on sequential basis, aided by around 3 percent contribution from Aepona, the Ireland-based tech firm acquired in July 2015.