PERSISTENT SYSTEMS Q3 RESULT
Q1 results, FII action among 10 factors to impact D-Street mood this week Nifty gained 1.2%, driven by IT, energy, and pharma stocks. U.S. labor data, TCS earnings, Rupee vs. Dollar, Bank Nifty, oil prices, FIIs, IPO action, and dividends will influence markets next week. Bulls maintain strength with positive sentiment an...
07 Jul, 2024, 09.32 AM ISTIndian software sector earnings will remain modest in Q1: here’s why Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on p...
03 Jul, 2024, 07.03 AM ISTInfosys, Tech Mahindra among 6 IT stocks that could surprise positively in Q1 results: JM Financial Stating that Tech Mahindra remains a ‘buy' on turnaround hopes while KPIT Technologies and Tata Technologies are structural bets on auto ER&D theme, domestic brokerage firm JM Financial believes that Q1 results for the IT sector could positively sur...
01 Jul, 2024, 05.50 PM IST- ADVERTISEMENT
IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.
21 Jun, 2024, 11.04 AM ISTIT stocks gain up to 5% led by Wipro, Infosys. Is it ECB impact or something else? IT stocks contributed to Friday’s massive surge in Nifty. Though Infosys was the top contributor, Wipro held the top spot in terms of percentage gains.
07 Jun, 2024, 03.22 PM ISTThere is a rebound in FMCG today, IT stocks could be next, don't write them off: 10 IT stocks with upside potential of up to 43% It is not only that nifty it has been changing color in every second day, In the last two days FMCG stocks have seen a strong price action and a couple of up-grades have also come. There is literally a 360 degree change in the narrative about the se...
05 Jun, 2024, 04.21 PM ISTNIIT Learning Systems Q4 Results: Profit almost flat at Rs 54 crore; co gives growth guidance of 12-14% for FY25 NIIT Learning Systems on Wednesday posted a marginal growth of 0.92 per cent to Rs 54.43 crore in consolidated net profit for the quarter ended March 31, 2024. It had reported a net profit of Rs 53.93 crore in the year-ago period.
22 May, 2024, 05.04 PM ISTBharat Forge shares jump over 9%, hit 52-week high on stellar Q4 show For the full financial year, the profit after tax (PAT) jumped to Rs 910 crore, a 79% uptick over Rs 508 crore reported in the year-ago period. The consolidated revenue from operations stood at Rs 4,164 crore, a 15% YoY gain over Rs 3,629 crore repo...
08 May, 2024, 02.58 PM ISTTime to unlink size and agility: 6 not-so-large IT stocks operating in niche areas with upside potential of up to 53% Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT sp...
06 May, 2024, 01.33 PM ISTRising share of new business to drive growth at Persistent Persistent’s fourth quarter numbers were a mixed bag. While revenue growth met the analysts’ expectations, the margin performance was below estimates. Revenue grew by 3.4% sequentially to $ 310.9 million for the quarter.
25 Apr, 2024, 01.30 PM ISTTech Mahindra Q4 Results Preview: Weakness to persist as profit, revenue seen falling TechM to report -1.4% quarter-on-quarter decline in CC and -1.0% decline in USD - driven by weakness in the Telecom segment and absence of pass-through revenues. Margins to expand by 200 bps quarter-on-quarter to 7.3%, on the back of the absence of ...
25 Apr, 2024, 06.25 AM ISTFIIs raise bet on TCS, Infosys, 4 other IT stocks in Q4. Time for a U-turn? FIIs raised stakes in multiple IT stocks in Q4, hoping for a turnaround in FY25. However, they sold IT stocks in April, leading to a 4.4% drop in the Nifty IT index. Various companies and sectors were involved in these transactions.
22 Apr, 2024, 12.00 PM ISTPersistent Systems shares fall over 5% post Q4 results Persistent Systems shares dropped 5% despite a 25.4% net profit rise to Rs 315.3 crore YoY. Q4 revenue was Rs 2,590 crore, up 14.9% YoY. TCV decreased to $447.7 million.
22 Apr, 2024, 11.12 AM ISTQ4 results this week: RIL, ICICI Bank, HCL Tech, among 166 companies that'll announce earnings With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi...
21 Apr, 2024, 10.06 AM ISTQ4 results this week: HDFC Bank, Infosys, Wipro among 61 companies that'll announce earnings Q4 results: Apart from the IT majors Wipro and Infosys, leading financial companies HDFC Bank and Jio Financial will also report their quarterly earnings during the week.
15 Apr, 2024, 06.55 PM ISTJP Morgan upgrades Persistent Systems, KPIT Tech and LTIMindtree ahead of Q4 results In a significant move, JP Morgan, one of the leading global financial institutions, has announced a series of upgrades and adjustments for several key players in the Indian IT sector ahead of the fourth-quarter results.
04 Apr, 2024, 10.40 AM ISTPersistent’s Healthcare deals signal balanced growth in quarters ahead The company’s revenue increased by 3% sequentially in the December quarter to $300.6 million, one of the highest growth rates among peers. In rupee terms, it rose by 3.6% to Rs 24,982.2 crore while net profit grew by 8.7% to Rs 2,861.3 crore.
31 Jan, 2024, 06.16 PM ISTPersistent Systems shares soar 10%, hit 52-week high on strong Q3 show Persistent Systems share price jumped 10% to hit a new 52-week high at Rs 8,716 in Tuesday's trade on BSE after the firm reported a 20.2% growth in net profit to Rs 286.1 crore year-on-year (YoY) for the December quarter, driven by a strong order bo...
23 Jan, 2024, 11.43 AM ISTPersistent Systems board approves 2-for-1 stock split, declares Rs 32/share interim dividend The existing one equity share having a face value of Rs 10 each, will be split into two equity shares having a face value of Rs 5 each, the company said in an exchange filing. This is the first time the company will be splitting the shares since it ...
20 Jan, 2024, 04.34 PM ISTQ3 results today: ICICI Bank, Kotak Bank, IDBI among 40 companies to announce earnings Q3 results today: 40 companies announcing their quarterly earnings. ICICI Bank and Kotak Mahindra Bank are among the most tracked after results. Other important results include IDBI Bank, IDFC First Bank, IREDA, J&K Bank, JK Cement, Persistent Syste...
20 Jan, 2024, 10.42 AM IST