April 30, 2021
Sunil Sapre, Executive Director and Chief Financial Officer, Persistent Systems×
Consolidated revenue up 20.6% to ₹1,113.36 crore during the quarter
Persistent Systems has posted a 64.35 per cent rise in consolidated net profit of ₹137.76 crore in fourth quarter ended March 31, 2021, compared with ₹83.82 crore recorded during the same period of previous fiscal.
The mid-tier IT company’s consolidated revenue rose 20.69 per cent to ₹1,113.36 crore during the quarter under review, as against ₹926.37 crore recorded in the fourth quarter of last year. The 12-month period ended March 31, the company posted a 32.4 per cent rise in consolidated net profit of 450.69 crore, while its revenues rose 17.4 per cent to ₹4,187.89 crore.
Persistent Systems meldet starkes Wachstum: 20,3 % im Jahresvergleich für Q4 und 12,9 % für GJ21 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
64.3%
The Board of Directors at its meeting held on April 29, 2021, recommended final dividend of INR 6.00 per share on the face value of INR 10.00 each. In January 2021, the Board declared an interim dividend of INR 14.00 per share making total dividend of INR 20.00 per share. The dividend recommended by the Board is subject to the approval of the Members during the ensuing Annual General Meeting.
Anand Deshpande, Founder, Chairman and Managing Director, Persistent Systems: This year was tough. We sincerely pray for everyone s well-being. The pandemic brought on the rapid shift to remote work, and I want to recognize the resilience shown by our employees. They ensured continuous, high-quality service delivery, demonstrating our unwavering commitment to our customers. Thank you to our customers and partners for their continued support.
Engineering R&D rainmakers bag mega deals from home offices
SECTIONS
Share
Synopsis
Deals in the segment had it rough in early 2020, like most deals, but have since bounced back. And some of the rainmakers in the space have won large deals, upwards of $50 million each, from their home offices.
(Representative image)
(This story originally appeared in on Feb 15, 2021)BENGALURU: Engineering R&D services is becoming increasingly one of India’s big success stories. Deals in the segment had it rough in early 2020, like most deals, but have since bounced back. And some of the rainmakers in the space have won large deals, upwards of $50 million each, from their home offices.
Weekly Round-up | GovCon Wire govconwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from govconwire.com Daily Mail and Mail on Sunday newspapers.