Persistent Systems Ltd

Persistent Systems Ltd is down for a fifth straight session today. The stock is quoting at Rs 5845.5, down 0.86% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.01% on the day, quoting at 25457.5. The Sensex is at 83424.07, down 0.01%.Persistent Systems Ltd has added around 0.95% in last one month.Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has increased around 3.39% in last one month and is currently quoting at 39166.55, down 0.56% on the day. The volume in the stock stood at 1.97 lakh shares today, compared to the daily average of 4.54 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 5855, down 0.73% on the day. Persistent Systems Ltd jumped 27.46% in last one year as compared to a 4.67% rally in NIFTY and a 3.19% spurt in the Nifty IT index.The PE of the stock is 81.98 based on TTM earnings ending March 25.Powered by Capital Market - Live

Persistent Systems announced the appointment of Shimona Chadha as Chief Marketing Officer. She will be responsible for driving the Company's global marketing strategy, strengthening brand positioning, and enabling business growth through integrated marketing initiatives. With more than two decades of experience across B2B, B2C, and B2B2C segments, Shimona has led marketing transformations that unlock business value and accelerate growth. She joins Persistent from HCLTech, where she served as Vice President and Head of North America Vertical Marketing. As part of HCLTech's senior marketing leadership team, she drove revenue growth and was instrumental in building a Generative AI-powered marketing engine for improved brand visibility, go-to-market effectiveness, and pipeline conversion in high-value markets. Shimona has also held senior leadership roles and led customer-focused growth strategies at Vodafone Idea and Abbott. Her contributions have been recognized with industry honors, including Forrester's Program of the Year 2025 and the Stevie Award for Women in Business and Inspiring Women in Business. She is also a strong advocate for inclusive leadership and talent development, having co-chaired initiatives for IAOP and mentored rising professionals across the global tech ecosystem. Shimona will be a member of Persistent's executive leadership team and is based out of New Jersey, USA.Powered by Capital Market - Live

Shimona Chadha will be responsible for driving the Company's global marketing strategy, strengthening brand positioning, and enabling business growth through integrated marketing initiatives. With over two decades of experience across B2B, B2C, and B2B2C segments, she brings a strong track record in driving marketing-led business transformation and growth. Chadha joins Persistent from HCLTech, where she served as Vice President and Head of North America Vertical Marketing. As part of HCLTech's senior marketing leadership team, she played a key role in driving revenue growth and building a Generative AI-powered marketing engine to enhance brand visibility, go-to-market effectiveness, and pipeline conversion in strategic markets. She has previously held leadership roles at Vodafone Idea and Abbott, where she led customer-centric growth strategies. Her work has earned her several industry accolades, including Forrester's Program of the Year 2025, the Stevie Award for Women in Business, and the Inspiring Women in Business award. Chadha is also a strong advocate for inclusive leadership and talent development, having co-chaired initiatives at the International Association of Outsourcing Professionals (IAOP) and mentored emerging professionals in the global tech ecosystem. She will be based out of New Jersey, USA. Sandeep Kalra, chief executive officer and executive director, Persistent, 'We are thrilled to welcome Shimona to Persistent as we accelerate our AI-led, platform-driven services strategy. With our global client relationships continuing to grow in scale and depth, the need for a brand that reflects both our innovation edge and execution excellence has never been greater. Shimona brings a results-oriented, data-informed approach to marketing, aligning brand strategy with business objectives to deliver measurable outcomes. Her leadership will be critical in strengthening market engagement, enabling go-to-market impact, and amplifying Persistent's differentiation in the industry.' Shimona Chadha, Chief Marketing Officer, Persistent, 'Persistent's strong momentum, forward-thinking leadership culture, and distinctive global ambitions make this a defining moment to join the Company and contribute to its inspiring journey. Marketing plays a pivotal role in scaling revenue, strengthening brand relevance, and shaping how we consistently show up and win the market. I'm excited to help expand that impact with purpose and precision.' Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization to businesses across industries. Its net profit advanced 6.1% to Rs 395.76 crore on a 5.87% increase in revenue to Rs 3,242.11 crore in Q4 FY25 over Q3 FY25. However, on a year-on-year basis, the company's consolidated net profit gained 25.51% on a 25.15% increase in revenue in Q4 FY25 over Q4 FY24. Shares of Persistent Systems shed 0.51% to Rs 5,982.10 on the BSE. Powered by Capital Market - Live

Persistent Systems announced that the 35th Annual General Meeting(AGM) of the company will be held on 21 July 2025.Powered by Capital Market - Live

Persistent Systems will hold a meeting of the Board of Directors of the Company on 23 July 2025.Powered by Capital Market - Live

Persistent Systems Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5955, up 2.84% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 25136.5. The Sensex is at 82493.19, up 0.06%. Persistent Systems Ltd has risen around 1.34% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has risen around 0.31% in last one month and is currently quoting at 37669.2, up 1.95% on the day. The volume in the stock stood at 7.14 lakh shares today, compared to the daily average of 4.3 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 5974.5, up 2.8% on the day. Persistent Systems Ltd is up 59.49% in last one year as compared to a 8.04% spurt in NIFTY and a 11.21% spurt in the Nifty IT index.The PE of the stock is 78.4 based on TTM earnings ending March 25.Powered by Capital Market - Live

Dr. Anand Deshpande is the founder, chairman, and managing director of Persistent Systems since inception and is responsible for the overall leadership of the company. He is also the promoter shareholder of the company. Dr. Deshpande received his Bachelor of Technology (B. Tech.) with Honours (Hons.) in Computer Science and Engineering from the Indian Institute of Technology (IIT), Kharagpur, in 1984 and an M.S. and a Ph.D. in Computer Science from Indiana University, Bloomington, Indiana, USA in 1986 and 1989 respectively. He has been recognised by both his alma maters - as a Distinguished Alumnus by IIT Kharagpur in 2012 and with the Career Achievement Award by the School of Informatics of Indiana University in 2007. Dr. Anand is a founding trustee of the Persistent Foundation, a trustee of the VLDB Endowment, the co-chair of the Biotechnology Research Innovation Council (BRIC) set up by the Department of Biotechnology, Government of India, and the Chairman of the VJTI Board of Governors. He is also an honorary Adjunct Professor of Practice at the Desai Sethi School of Entrepreneurship at IIT Bombay. He is on the Board of the Mahratta Chamber of Commerce and Industries, Pune, a trustee on the Board of BAIF and has served industry associations as a past President of Software Exporters' Association of Pune (SEAP), Pune Chapter of Computer Society of India (CSI), and CII's Pune Zonal Council. Dr. Deshpande does not have any inter-relationship with any other director. Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization to businesses across industries. Its net profit advanced 6.1% to Rs 395.76 crore on a 5.87% increase in revenue to Rs 3,242.11 crore in Q4 FY25 over Q3 FY25. However, on a year-on-year basis, the company's consolidated net profit gained 25.51% on a 25.15% increase in revenue in Q4 FY25 over Q4 FY24. Powered by Capital Market - Live

According to the media reports, the U.S. Department of Justice's healthcare fraud unit is investigating UnitedHealth's Medicare Advantage business practices. UnitedHealth has responded by affirming its confidence in the integrity of the program. UnitedHealth is reportedly among Persistent Systems' top five clients, reportedly accounting for an over $100 million business relationship. However, the exact revenue exposure of Persistent Systems to UnitedHealth remains unclear. The news comes on the heels of additional turbulence at UnitedHealth. On Tuesday (13 May), the company announced that CEO Andrew Witty would step down for personal reasons. Chairman Stephen Hemsley, who previously served as CEO from 2006 to 2017, has returned to the role, effective immediately. Witty will stay on as a senior adviser. UnitedHealth cut its 2025 forecast last month following its first quarterly earnings miss in more than a decade. On Tuesday (13 May) the company withdrew that financial forecast entirely, saying that medical costs from new Medicare Advantage members were higher than expected. UnitedHealth, which serves over 50 million Americans, is the largest provider of Medicare Advantage plans, with more than 8 million enrollees. It also operates a major pharmacy benefit manager and the Optum healthcare services division. Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization to businesses across industries. Its net profit advanced 6.1% to Rs 395.76 crore on a 5.87% increase in revenue to Rs 3,242.11 crore in Q4 FY25 over Q3 FY25. However, on a year-on-year basis, the company's consolidated net profit gained 25.51% on a 25.15% increase in revenue in Q4 FY25 over Q4 FY24. Powered by Capital Market - Live

Persistent Systems announced that the Board of Directors of the Company at its meeting held on 24 April 2025, inter alia, have recommended the final dividend of Rs 15 per equity Share (i.e. 300%) , subject to the approval of the shareholders.Powered by Capital Market - Live

However, on a year-on-year basis, the company's consolidated net profit gained 25.51% to Rs 395.76 crore on a 25.15% increase in revenue to Rs 3,242.11 crore in Q4 FY25 over Q4 FY24. Profit before tax stood at Rs 505.21 crore in the fourth quarter of FY25, up 27.74% YoY from Rs 395.49 crore reported in the same quarter last year. In the March 2025 quarter, EBIT improved 34.94% to Rs 505.29 crore, compared to Rs 374.45 crore in Q4 FY24. The EBITDA margin also increased to 15.6%, up from 14.5% in the same period last year. In dollar terms, the IT firm's revenue stood at $375.2 million in Q4 FY25, up 20.68% YoY and 4.2% QoQ. The order booking for the quarter ended on 31st March 2025, was at $517.5 million in total contract value (TCV) and at $350.2 million in annual contract value (ACV) terms. On a full-year basis, the company's net profit advanced 28.05% to Rs 1,400.16 crore on a 21.38% jump in revenue from operations to Rs 12,076.87 crore in FY25 over FY24. Sandeep Kalra, chief executive officer and executive director of Persistent, said, 'We are proud to have delivered our 20th sequential quarter of revenue growth, with an EBIT margin of 15.6%. We thank our employees, clients, partners, and shareholders, whose continued support has been instrumental in our success. As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led, platform-driven services will drive this growth, fueled by continued rigor and innovation. We are well-positioned to continue delivering consistent and differentiated long-term value for all our stakeholders.' Meanwhile, the company's board of directors announced a final dividend of Rs 15 per equity share for the financial year ended 31 March 2025. The record date to determine shareholder eligibility will be announced later via stock exchange filing. Notably, this brings the total dividend paid during the year to Rs 35 per share, a move the company said was made in recognition of its 35th anniversary. Additionally, the board approved the appointment of Vinit Teredesai as chief financial officer (CFO) and additional director (executive) of the company, effective 24 April 2025, for a term ending 30 September 2028. Furthermore, the board has approved the merger of Arrka Infosec, a wholly owned subsidiary, into Persistent Systems. The merger is subject to necessary statutory approvals under the Companies Act, 2013, and will be carried out through the National Company Law Tribunal (NCLT) route. Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization to businesses across industries.Powered by Capital Market - Live