PUNE, India and SANTA CLARA, California, October 21, 2014 /PRNewswire/ --
News Summary:
Persistent Systems (BSE & NSE: PERSISTENT), today
announced the Company's audited financial results for the quarter
ended Sep 30, 2014, as approved by
the Board of Directors.
Consolidated Financial Highlights for the Quarter ended
September 30, 2014:
Particulars Q2 FY15 Q-o-Q growth Y-o-Y growth
Revenue USD 76.32 Million 5.0% 11.5%
INR 4,641.74 Million 6.7% 7.4%
PBT INR 993.77 Million 4.2% 19.0%
PAT INR 713.15 Million 3.6% 17.3%
Consolidated Financial Highlights for the half year ended
September 30, 2014:
Particulars H1 FY15 H1 FY14 Growth %
Revenue USD 148.98 Million USD 131.48 Million 13.3%
INR 8,991.61 Million INR 7,896.59 Million 13.9%
PBT INR 1,947.92 Million INR 1,638.05 Million 18.9%
PAT INR 1,401.19 Million INR 1,178.80 Million 18.9%
Executive Quote:
"Enterprise digital transformation represents both an urgent
imperative and a great opportunity for our customers. We continue
to strengthen our partner ecosystem spanning an array of platforms
and technologies to drive this digital transformation. These
include many of the established industry leaders as well
as new companies developing visionary and disruptive
solutions," said Dr. Anand
Deshpande, Chairman and Managing Director, Persistent
Systems. "How enterprises transform into software-driven businesses
is fundamentally different in objective, approach, and speed from
IT modernization and outsourcing. Our DNA of building software
products and our investments in building frameworks for digital
transformation positions us strongly for this opportunity."
Key Highlights:
- Strategic investment in Pune-based Internet of Things (IoT) start-up
Altizon Systems Pvt. Ltd.
- Became Gold partner of Scaled Agile, Inc.
- Launched Center of Excellence for Appian Platform in
Columbus, Ohio.
- Attained Oracle Partner Network Specialization for Oracle
Identity Governance and Oracle Access Management, the only Oracle
partner to achieve both.
- Two years in a row judged Leader in Building Enterprise
Software Products by Zinnov.
- Received the Certificate of recognition for Excellence in
Corporate Governance for fourth consecutive year by the Institute
of Company Secretaries of India.
- Won Computerworld Data+Editor's Choice Award for second year in
a row
- Won Researchbytes IC Award 2014 for the Best Investor
Communication Practice
- Included in the prestigious ET 500 Economic Times List of top
500 Indian listed companies
About Persistent Systems:
Persistent Systems (BSE & NSE: PERSISTENT) builds software
that drives our customers' business; enterprises and software
product companies with software at the core of their digital
transformation. For more information, please visit
http://www.persistent.com/
Forward-looking and Cautionary Statements: For risks and
uncertainties relating to forward-looking statements, please
visit:
http://content.persistent.com/Pslweb/forward_looking_cautionary_statement.shtml
Media Contacts:
Rashmi Joshi
Persistent Systems Ltd.
Corporate Communications
Tel: +91-830-833-9400
Email: rashmi_joshi@persistent.com
Ken Montgomery
Persistent Systems Ltd.
Vice President, Global Communications
Tel: +1-949-939-5164
Email: Ken_montgomery@persistentsys.com
SOURCE Persistent Systems Ltd.