Emkay Global Financial Services has a buy call on Persistent Systems Ltd. with a target price of Rs 5000. The current price of Persistent Systems is Rs 4173.6.
Persistent Systems Ltd., incorporated in the year 1990, is a Mid-Cap company (with a market cap of Rs 31912.41 Crore) operating in IT Software sector. Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2021.
Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration . It also has partnership with with providers such as Salesforce and AWS.
Key Partners
The company works in partnerships with IT majors like AWS, IBM, salesforce, red hat, Microsoft, Appian, Google, snowflake. workato, etc. Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration . It also has partnership with with providers such as Salesforce and AWS.
Key Partners
Global Presence
The company has a global presence with presence in 17 countries including India, Australia, Canada, Germany, Japan etc.
North American region contributes 81% of the total revenue. Contribution from India region was 9% and Europe was 9% while Rest of the World contributed 1.5% of total revenue.
Financials
For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 1383.66 Crore, up 9.06 per cent from last quarter Total Income of Rs 1268.73 Crore and up 35.09 per cent from last year same quarter Total Income of Rs 1024.24 Crore. Company has reported net profit after tax of Rs 161.75 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 31.26 per cent stake in the company as of 30-Sep-2021, while FIIs owned 19.3 per cent, DIIs 27.87 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Mindcord. Mndcord does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.)
Promoter/FII Holdings
Promoters held 31.26 per cent stake in the company as of 30-Sep-2021, while FIIs owned 19.3 per cent, DIIs 27.87 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Mindcord. Mndcord does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.)