Buy Persistent Systems; target of Rs 6430: HDFC Securities
HDFC Securities is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 6430 in its research report dated July 21, 2023.22-07-2023
22-07-2023
PERSISTENT SYSTEMS LTD. - 533179 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI notification dated May 5, 2021, and amendments thereto from time to time, we wish to inform you that Persistent Systems Limited (the ''Company'') will conduct investor/analyst informative session in the week starting from Monday, July 24, 2023, to Friday, July 28, 2023, as follows: Monday, July 24, 2023 (all physical meetings) 1. 8:15 AM: Invesco, GSAM, Tata MF 2. 9:00 AM: HDFC MF 3. 9:45 AM: UTI MF 4. 10:30 AM: White Oak 5. 11:15 AM: ICICI Prudential MF 6. 1:00 PM: Birla Sun Life MF 7. 1:45 PM: Bandhan MF, Birla Sun Life Insurance, Tata AIA Life Insurance, Max Life Insurance, HDFC Life Insurance 8. 2:45 PM: Nippon India MF 9. 3:30 PM: Axis MF The sessions with the remaining group of investors will be conducted between Tuesday, July 25, 2023, and Friday, July 28, 2023. The schedule of the aforesaid sessions scheduled to be conducted is subject to changes, due to exigencies, if any. We wish to inform you that, the Company will reiterate the information as communicated during the investor/analyst call held on Friday, July 21, 2023, for the quarter ended June 30, 2023, and no unpublished price-sensitive information shall be shared during these sessions. This is for your information and record.21-07-2023
PERSISTENT SYSTEMS LTD. - 533179 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In continuation of the above-referred intimations and pursuant to Regulation 30 and Regulation 46(2)(oa) or any other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Outcome and Audio call recording of investor/analyst call held on Friday, July 21, 2023, at 05:00 PM IST is available on Company's website on the following links: Link for the outcome of the investors/analysts' call: FY24Q1 Analyst Presentation and Factsheet (persistent.com) Link for Audio call recording of investors/analysts call: https://www.persistent.com/wp-content/uploads/2023/07/Q1FY24-Analyst-Call-Audio-Recording.mp3 This is for your information and records.21-07-2023
PERSISTENT SYSTEMS LTD. - 533179 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Submission of Newspaper Advertisement under Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. A detailed description of the same is provided in the attached letter.21-07-2023
Persistent Systems falls as Q1 numbers miss estimates, profit down 9% QoQ
The company is yet to hold its analyst concall, following which brokerages will revise their estimates21-07-2023
Q1FY24 Quarterly Result Announced for Persistent Systems Ltd.
IT Consulting & Software company Persistent Systems announced Q1FY24 results: Revenue of USD 282.90 million in Q1FY24, up 3% QoQ and 17.1% YoY Revenue of Rs 23,211.75 million in Q1FY24, up 3% QoQ and 23.6% YoY EBITDA of Rs 4,229.44 million in Q1FY24, up 1.6% QoQ and 26.9% YoY EBIT of Rs 3,466.16 million in Q1FY24, up 29% YoY PAT of Rs 2,287.68 million in Q1FY24, down 9% QoQ and up 8.1% YoY Dividend payment of Rs 12 per share and a special dividend of Rs 10 per share on achieving USD 1 Billion in annual revenue The order booking for Q1FY24, was at USD 380.3 million in Total Contract Value (TCV) and USD 271.9 million in Annual Contract Value (ACV) terms. Sandeep Kalra, Chief Executive Officer, and Executive Director, Persistent: “We commenced the year by celebrating a significant milestone of surpassing USD 1 billion in annual revenue with our clients, partners, and team members. As we enter our new fiscal year, I’m pleased to share that we have sustained our growth momentum despite the challenging macroeconomic conditions. Our Digital Engineering leadership, extensive experience across key industries, curated partner ecosystem, and ability to stay ahead of disruptive technology trends has led to our ongoing success. We also want to extend our warm welcome to Dr. Ajit Ranade, a renowned academician, corporate executive, economist and thought leader, as an Independent Director to our Board. He will bring his impressive experience of 32+ years to help guide our strategy and accelerate our growth journey.” Result PDF21-07-2023
PERSISTENT SYSTEMS LTD. - 533179 - Results For Quarter Ended June 30, 2023
Audited Standalone and Consolidated Financial Results as of June 30, 2023, is attached. Please acknowledge the receipt.20-07-2023
PERSISTENT SYSTEMS LTD. - 533179 - Announcement Of The Result Of Voting Conducted For 33Rd Annual General Meeting (AGM) Held At The Registered Office Of The Company, In-Person And Through OAVM To Transact The Business, As Set Out In The Notice Of The AGM.
Pursuant to Regulation 44(3), of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, read with the Circular issued by the SEBI dated November 4, 2015, please find attached the detailed report on the votes casted by the Members through remote e-voting, e-voting conducted at the time of the AGM and voting through ballot paper.20-07-2023
PERSISTENT SYSTEMS LTD. - 533179 - Audited Financial Statements For The Quarter Ended June 30, 2023
We wish to inform you that the Board of Directors at its meeting held on July 20, 2023, has approved the audited Financial Statements for the quarter ended June 30, 2023. Accordingly please find enclosed the following documents 1. Audited Consolidated Financial Statements for the quarter ended June 30, 2023. 2. Audited Standalone Financial Statements for the quarter ended June 30, 2023.20-07-2023
PERSISTENT SYSTEMS LTD. - 533179 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed the fact sheet of the Consolidated Financial Data for the quarter ended June 30, 2023. The Company has scheduled an investor/analyst call on Friday, July 21, 2023, at 05:00 PM (IST). During such call, the management will comment on the financial results for the quarter ended June 30, 2023, as well as on the business outlook. The details of the said investor call are available on the website of the Company.20-07-2023