Persistent bets on IP revenue to maintain its Q3 margins
The topline growth was entirely driven by the services business which grew by 16% in the six months to September 2020.
The Pune headquartered mid-tier IT company is among the few software exporters to report a sequential revenue growth in the June as well as September quarter.
ET Intelligence Group: The stock of Persistent Systems gained 1.39% on Monday despite the weakness in the broader market as reflected in 1.33% drop in the benchmark S&P BSE Sensex. The buoyancy in the stock was owing to sustained improvement in the company’s second quarter results in terms of growth in revenue, profit and profitability. In addition, the company expects to keep the tempo high in the third quarter in hopes of a recovery in its