Persistent Systems Ltd: Decent performance in Q3FY17

Persistent Systems Ltd. reported its results for the quarter ended December 31, 2016 on Saturday.

Total sales for this quarter, Q3FY17, came in at Rs. 745.5 crore. This represents a 5.89% sequential increase and 25.93% YoY increase.

Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 80 crores and the EBIT margin stood at 10.73%.
The company reported a PAT  of Rs. 81.8 crores which represents a sequential QoQ increase of 11.29% and a YoY increase of 17.7%.

The company’s board of directors has approved a dividend of Rs. 6 per share for the financial year 2016-17.
 
Persistent Systems Ltd operates in the business of building software products. The Company provides complete product life cycle services. The Company's segments include Infrastructure and Systems, Telecom and Wireless, Life science and Healthcare, and Financial Services. The Company's products include Connected Healthcare, which is an integrated healthcare ecosystem; ShareInsights Platform, which allows organizations to analyze an overlay of enterprise data with public or cloud sources to derive insights; Digital Banking, and Accelerite, which provides cloud solutions, endpoint management and mobility.