Persistent Systems Q2 Net Profit Falls 25.4% Despite Revenue Growth
Persistent Systems reported Q2 revenue of USD 487.6 million, up 20% year on year, while net profit fell 25.4% to Rs 351.5 crore. It also secured a majority stake in Nagarro as it advances acquisition plans.
Persistent Systems’ Q2 revenue rises 20 per cent to USD 487.6 million, but net profit falls 25.4 per cent to Rs 351.5 crore; company secures 94.04 per cent stake in Nagarro as it advances acquisition plans.Persistent Systems reported a 25.4 per cent year-on-year (YoY) decline in consolidated net pr…