Persistent Systems Ltd.
132.60 (2.11%) Persistent Systems reports 38% rise in Q2 consolidated net profit
Date: 18-10-2012Persistent Systems has reported results for second quarter ended September 30, 2012.
On standalone basis, the company has posted a rise of 31.82% in its net profit at Rs 41.84 crore for the quarter ended September 30, 2012 as compared to Rs 31.74 crore for the same quarter in the previous year. Total income has increased by 35.74% at Rs 250.41 crore for quarter under review as compared to Rs 184.47 crore for the quarter ended September 30, 2011.
On consolidated basis, the company has posted a rise of 37.73% in its net profit at Rs 44.64 crore for the quarter ended September 30, 2012 as compared to Rs 32.41 crore for the same quarter in the previous year. Total income has increased by 37.24% at Rs 326.86 crore for quarter under review as compared to Rs 238.17 crore for the quarter ended September 30, 2011.
Persistent Systems is an OPD specialty company, offering the customers the benefits of offshore delivery. It designs, develops and maintains software systems and solutions, creates new applications and enhances the functionality of the customers’ existing software products. It delivers services across all stages of the product life-cycle, which enables it to work with a wide-range of customers and allows it to develop, enhance and deploy its customers’ software products.