- Net income for Persistent Systems in 4Q was 3.15 billion rupees, which is a 25% increase compared to the same period in the previous year, beating the expected 3.03 billion rupees estimate.
- Revenue also saw an increase of 15% from the previous year, reaching 25.91 billion rupees, slightly outpacing the estimate of 25.63 billion rupees.
- The company’s total costs were up by 16% year-on-year, amounting to 22.3 billion rupees.
- Other income rose to 307.8 million rupees, a significant jump from the previous year’s 88.3 million rupees.
- A dividend per share of 10 rupees was announced.
- Ebitda (Earnings before interest, taxes, depreciation, and amortisation) was up by 9.1% from the previous year, reaching 4.54 billion rupees, falling slightly short of the estimated 4.63 billion rupees.
- The company’s gross margin was reported at 26.9%, which is lower than the previous year’s 30% and also lower than the estimated 34.1%.
- In terms of recommendations, among analysts, there were 15 votes for buy, 12 for hold, and 11 for sell
A look at Persistent Systems Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Persistent Systems Limited, a company specializing in outsourced software product development, shows a promising long-term outlook based on Smartkarma Smart Scores. With solid scores in Growth, Resilience, and Momentum, the company is positioned well for future success. Persistent Systems‘ emphasis on innovation and expansion is reflected in its high Growth score, highlighting its potential for long-term value creation. Additionally, the company’s Resilience score indicates its ability to weather market uncertainties, further strengthening its position in the industry. Coupled with a strong Momentum score, Persistent Systems appears to be on a positive trajectory for sustained growth in the coming years.
Furthermore, while the company’s Value and Dividend scores are not as high as the other factors, their overall outlook remains robust, considering their focus on innovation and market positioning. Persistent Systems Limited’s strong performance in Growth, Resilience, and Momentum underscores its potential to deliver value to investors over the long term. As a provider of outsourced software product development services including testing and professional services, the company’s strategic positioning and favorable Smartkarma Smart Scores suggest a positive outlook for Persistent Systems in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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