{"id":869031,"date":"2024-10-23T08:45:02","date_gmt":"2024-10-23T03:15:02","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=869031"},"modified":"2024-10-23T08:54:17","modified_gmt":"2024-10-23T03:24:17","slug":"persistent-systems-reports-6-sequential-profit-rise-driven-by-ai-service","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/23\/persistent-systems-reports-6-sequential-profit-rise-driven-by-ai-service\/","title":{"rendered":"Persistent Systems reports 6% sequential profit rise driven by AI service"},"content":{"rendered":"<p>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\u2019s focus on an AI-led services strategy. <\/p>\n<p>The company\u2019s 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%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s focus on an AI-led services strategy. The company\u2019s 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%.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-869031","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/869031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=869031"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/869031\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=869031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=869031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=869031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}