Employee strength reaches over 21,500
SANTA CLARA, Calif. and Pune, India, July 21, 2022 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT) today announced the Company's audited financial results for the quarter ended June 30, 2022, as approved by the Board of Directors.
Consolidated Financial Highlights for the Quarter ended June 30, 2022
Q1FY23 | Margin% | Q-o-Q Growth | Y-o-Y Growth | |
Revenue (USD Million) | 241.52 | 11.1 % | 44.8 % | |
Revenue (INR Million) | 18,781.11 | 14.7 % | 52.7 % | |
EBITDA (INR Million) | 3,332.92 | 17.7 % | 18.5 % | 65.4 % |
PBT (INR Million) | 2,818.75 | 15.0 % | 5.5 % | 38.8 % |
PAT (INR Million) | 2,116.12 | 11.3 % | 5.3 % | 39.9 % |
The 32nd Annual General Meeting of the Company was held on July 19, 2022. All the resolutions including final dividend payment of INR 11 per share, were passed with requisite majority.
Anand Deshpande, Founder, Chairman and Managing Director, Persistent:
"We would like to thank Pradeep Bhargava, Guy Eiferman and Thomas Kendra for their guidance and encouragement during their tenure as Board members. We are pleased to welcome Arvind Goel, Dr. Ambuj Goyal and Dan'l Lewin as Directors to the Board of Persistent Systems Ltd. Their vast expertise and experience add significant value as we embark on the next phase of our growth journey."
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent:
"We are delighted to start the new fiscal year with an exceptional performance ? delivering 11.1% sequential and 44.8% year-over-year growth as well as our highest ever TCV booking of $394M. We strengthened our team by adding over 3,000 colleagues, pushing us beyond the 20,000-employee mark.
Our differentiated Digital Engineering expertise, trusted delivery model, robust client relationships and strong partner ecosystem continue to fuel our growth. In addition, we are confidently working with our clients to help them navigate and thrive in the evolving economic environment.
We received multiple accolades this quarter, including recognition as an 'Honored Company' in Institutional Investor's 2022 Asia Executive Team rankings ? an acknowledgement by sell-side analysts for our robust corporate governance practices and strong executive leadership."
First Quarter FY23 Client Wins and Outcomes
The order booking for the quarter ended on June 30, 2022, was at $394 million in Total Contract Value (TCV) and at $263 million in Annual Contract Value (ACV).
Some of the key wins for the quarter include:
Software, Hi-Tech & Emerging Industries
Banking, Financial Services & Insurance
Healthcare & Life Sciences
Awards and Recognitions
News in the Quarter
About Persistent
With over 21,500 employees located in 18 countries, Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization. Persistent was named to the Forbes Asia Best Under a Billion 2021 list, representing consistent top-and bottom-line performance as well as growth.
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit persistent.com/FLCS
Media Contacts: | |
Keith Landis | Manohar Dhanakshirur |
Persistent Systems (Global) | Archetype |
+1 856 672 1753 | +91 750 644 5361 |
Logo - https://mma.prnewswire.com/media/1022385/Persistent_Systems_Logo.jpg
SOURCE Persistent Systems
These press releases may also interest you
|