{"id":925188,"date":"2025-04-25T08:01:10","date_gmt":"2025-04-25T02:31:10","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=925188"},"modified":"2025-04-25T08:15:31","modified_gmt":"2025-04-25T02:45:31","slug":"persistent-systems-on-track-to-reach-2-billion-by-fy27","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/04\/25\/persistent-systems-on-track-to-reach-2-billion-by-fy27\/","title":{"rendered":"Persistent Systems on track to reach $2 billion by FY27"},"content":{"rendered":"<p>Persistent Systems reported a sequential net profit growth of 12.2%, reaching Rs 395.76 crore for the March quarter. Revenues increased by 4.2% quarter-on-quarter to $ 375.2 million. Revenue was up 5.9% sequentially to Rs 3,242.1 crore. The company achieved a 70 basis point improvement in EBIT margins to 15.6% for the quarter. EBIT rose by 10.9% quarter-on-quarter to Rs 505.29 crore. For the quarter ending March 31, 2025, the total contract value (TCV) for order bookings was $ 517.5 million, with an annual contract value (ACV) of $ 350.2 million. Persistent\u2019s utilisation rate increased to 88% in Q4 FY25, compared to 81% in Q1 FY24, which helped improve margins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Persistent Systems reported a sequential net profit growth of 12.2%, reaching Rs 395.76 crore for the March quarter. Revenues increased by 4.2% quarter-on-quarter to $ 375.2 million. Revenue was up 5.9% sequentially to Rs 3,242.1 crore. The company achieved a 70 basis point improvement in EBIT margins to 15.6% for the quarter. EBIT rose by 10.9% quarter-on-quarter to Rs 505.29 crore. For the quarter ending March 31, 2025, the total contract value (TCV) for order bookings was $ 517.5 million, with an annual contract value (ACV) of $ 350.2 million. Persistent\u2019s utilisation rate increased to 88% in Q4 FY25, compared [&hellip;]<\/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-925188","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\/925188","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=925188"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/925188\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=925188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=925188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=925188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}