Persistent Achieves $345.5 Million Revenue in Q2 FY25 with 5.3% Q-o-Q, 18.4% Y-o-Y Growth

Advances AI-led, platform-driven services strategy

SANTA CLARA, Calif. and PUNE, India, Oct. 22, 2024 /PRNewswire/ -- Persistent Systems (BSE: 533179) and (NSE: PERSISTENT) today announced the Company's audited financial results for the quarter ended September 30, 2024, as approved by the Board of Directors.

Consolidated Financial Highlights for the Quarter ended September 30, 2024

Q2FY25

Margin%

QoQ

YoY

Revenue (USD Million)

345.5

5.3 %

18.4 %

Revenue (INR Million)

28,971.5

5.8 %

20.1 %

EBITDA (INR Million)

4,807.3

16.6 %

5.6 %

18.7 %

PBT (INR Million)

4,345.2

15.0 %

8.5 %

22.1 %

PAT (INR Million)

3,250.0

11.2 %

6.1 %

23.4 %

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent:

"We are proud to announce the 18th sequential quarter of revenue growth, delivering $345.5M revenue, an 18.4% increase year-over-year. In the same period, our PAT grew by 23.4% in rupee ...