Persistent Systems net profit up 64.3% in Q4-FY21

Persistent Systems net profit up 64.3% in Q4-FY21 [ad_1]

reported a profit after tax of Rs 137.75 crore for the quarter ended March 31, 2021, up 64.3% whereas revenues elevated by 20.2% to Rs 1,113.35 crore. In greenback phrases, revenues have been up 20.3% at $152.82 million.

For the complete monetary 12 months, the Pune headquartered firm reported a profit after tax of Rs 340.28 crore, up 32.4% whereas revenues have been up 17.4% at Rs 3565.80 crore, and up 12.9% at $501.61 million in greenback phrases. The board of administrators really helpful a remaining dividend of Rs 6 per share, the corporate had earlier declared an interim dividend of Rs 14 per share.

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“We are happy to conclude FY21 on a high note, with double-digit growth in both our revenue and EPS. Our performance demonstrates the alignment between Persistent’s core strengths in digital engineering and our clients’ needs as they accelerate to the next wave of transformation. We are confident that efforts to strengthen our leadership team, partner ecosystem, and operational excellence will continue to be the foundation of our success. The Persistent Foundation continues to contribute towards Covid relief efforts globally and we continue to support our employees during these challenging times,” mentioned Sandeep Kalra, CEO, Persistent Systems.

The firm mentioned that it was seeing wholesome demand throughout its key verticals which it anticipated would proceed in FY2022.

“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,” mentioned Anand Deshpande, Founder, Chairman and Managing Director, Persistent Systems.

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