Persistent Systems reports 6% sequential profit rise driven by AI service

Mid-tier IT services firm Persistent Systems reported a 6% sequential increase in net profit to Rs 325 crore for the quarter ended September. Year-on-year, net profit surged 23.4%, driven by the company’s focus on an AI-led services strategy.

The company’s consolidated revenue also saw a 6% quarter-on-quarter rise to Rs 2,897.1 crore, marking a 20% year-on-year increase. However, the operating margin (EBIT) remained flat sequentially at 14%.