Persistent Systems delivered robust financial results in Q3FY24, driven by impressive performance across its diverse segments. The company reiterated its EBIT margin improvement guidance of 200-300 bps.
Persistent Systems has not seen any major ramp-downs in the past couple of quarters, reflecting stable TCV to revenue leakage, it while noting that the improvement is not material.
Stocks in focus today: Share market today would react to the weekly option expiry and results of index heavyweight Infosys and HUL. Fortis Healthcare, Reliance Industries, HCL Technologies, TCS, and MRF are among the stocks to watch on Thursday, July 20, 2023.