Persistent Systems Q1 net profit rises 33.9% on year to Rs 306 crore

Pune-based mid-tier IT firm Persistent Systems on Thursday reported a 33.9% increase in net profit to Rs 306.41 crore for the quarter to June, from Rs 228.76 crore a year ago. Sequentially, net profit fell 2.8% from Rs 315.3 crore in the previous three-month period.

The company’s revenue from operations increased 17.9% year-on-year to Rs 2,737.17 crore from Rs 2,321,17 crore. Quarter-on-quarter increase in revenue was 5.6% from Rs 2,590.5 crore in the January-March period.