Latest news with #SandeepKalra
Korea Herald
3 days ago
- Business
- Korea Herald
Persistent Achieves Top Rankings for the Second Year in a Row in Extel's Asia Executive Team Survey
Recognized under multiple categories, including Best CEO, Company Board of Directors, Overall ESG, Best Investor Relations Program, and Best Investor Relations team SANTA CLARA, Calif. and PUNE, India, June 5, 2025 /PRNewswire/ -- Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a global leader in Digital Engineering and Enterprise Modernization, has been acknowledged as a 'Most Honored Company' in the prestigious 2025 Asia (ex-Mainland China) Executive Team survey of the highly regarded buy-side and sell-side portfolio managers and research analysts conducted by Extel (formerly known as Institutional Investor Research). Persistent has been recognized across multiple categories and improved its overall weighted score from 7 last year to 24 this year, demonstrating excellence in executive leadership, investor relations, corporate governance, and ESG practices. Among combined (buy-side and sell-side) analyst rankings, prominent positions include: Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent "We are proud to be recognized once again by Extel, and I am grateful to the portfolio managers and analysts who rated us so highly in the survey. This year's rankings reflect a significant improvement from last year, underscoring our continued focus on delivering best-in-class outcomes for all our stakeholders. Thank you to the Persistent team for their dedication to upholding the highest standards of governance, communication, and performance. We will continue to engage meaningfully with the investment analyst community, sharing our progress and priorities with the same credibility, consistency, and accountability that have defined our approach." The Extel Executive Team surveys are a trusted benchmark for buy-side and sell-side professionals to evaluate corporate performance across leadership, governance, and investor relations. Known for its independent, proprietary research and rankings, this year, Extel's survey saw participation from over 6,300 portfolio managers, investors, and analysts evaluating companies across 18 sectors. The leading positions across multiple categories highlight Persistent's strong executive leadership, clear and consistent communication, and disciplined capital allocation. The recognition also reflects the Company's proactive investor engagement, credibility of its investor relations team, quality, granularity and transparency of disclosures, and thoughtful approach to ESG strategy and stakeholder engagement, reinforcing its commitment to long-term value creation and governance excellence. Persistent had also earned top rankings in the 2024 edition of the survey. About Persistent Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization to businesses across industries. With over 24,500 employees located in 19 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including AI-enabled software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company is part of the MSCI India Index and is included in key indices of the National Stock Exchange of India, including the Nifty Midcap 50, Nifty IT, and Nifty MidCap Liquid 15 as well as several on the BSE such as the S&P BSE 100 and S&P BSE SENSEX Next 50. Persistent is also a constituent of the Dow Jones Sustainability World Index. The Company has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. As a participant of the United Nations Global Compact, Persistent is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 327% growth in brand value since 2020, Persistent is the fastest-growing IT services brand in the 2024 Brand Finance India 100 Report.
Economic Times
25-04-2025
- Business
- Economic Times
Mid-tier IT company Persistent's Q4 net profit balloons 25%
Mid-tier IT services company Persistent Systems continued to outperform the industry with 20th consecutive sequential quarter revenue growth backed by an increase in large deals and clients along with. Net profit jumped 28% to Rs 395.7 crore on a revenue increase of 25.2% on a YoY basis to Rs 3,242 crore. Full year revenue grew 21.6% to Rs 11,938.7 crore while net profit rose 28% to Rs 1400 crore. In dollar terms revenue was up 18.8% to $1.41 company's board recommended a final dividend of Rs 15 per healthcare will continue to see softness, CEO and executive director Sandeep Kalra is optimistic that banking, financial services & insurance and technology sectors to lead growth in the next three to four quarters. "As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led platform-driven services will drive this growth, fueled by continued rigor and innovation," Kalra said.
Time of India
25-04-2025
- Business
- Time of India
Mid-tier IT company Persistent's Q4 net profit balloons 25%
Mid-tier IT services company Persistent Systems continued to outperform the industry with 20th consecutive sequential quarter revenue growth backed by an increase in large deals and clients along with. Net profit jumped 28% to Rs 395.7 crore on a revenue increase of 25.2% on a YoY basis to Rs 3,242 crore. Full year revenue grew 21.6% to Rs 11,938.7 crore while net profit rose 28% to Rs 1400 crore. In dollar terms revenue was up 18.8% to $1.41 billion. The company's board recommended a final dividend of Rs 15 per share. While healthcare will continue to see softness, CEO and executive director Sandeep Kalra is optimistic that banking, financial services & insurance and technology sectors to lead growth in the next three to four quarters. "As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led platform-driven services will drive this growth, fueled by continued rigor and innovation," Kalra said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories
Business Standard
24-04-2025
- Business
- Business Standard
Persistent Systems rises after Q4 PAT jumps 6% QoQ to Rs 396 cr; declares dividend of Rs 15/sh
Persistent Systems rallied 2.78% to Rs 5,306.50 after the company's net profit advanced 6.1% to Rs 395.76 crore on a 5.87% increase in revenue to Rs 3,242.11 crore in Q4 FY25 over Q3 FY25. However, on a year-on-year basis, the companys consolidated net profit gained 25.51% to Rs 395.76 crore on a 25.15% increase in revenue to Rs 3,242.11 crore in Q4 FY25 over Q4 FY24. Profit before tax stood at Rs 505.21 crore in the fourth quarter of FY25, up 27.74% YoY from Rs 395.49 crore reported in the same quarter last year. In the March 2025 quarter, EBIT improved 34.94% to Rs 505.29 crore, compared to Rs 374.45 crore in Q4 FY24. The EBITDA margin also increased to 15.6%, up from 14.5% in the same period last year. In dollar terms, the IT firms revenue stood at $375.2 million in Q4 FY25, up 20.68% YoY and 4.2% QoQ. The order booking for the quarter ended on 31st March 2025, was at $517.5 million in total contract value (TCV) and at $350.2 million in annual contract value (ACV) terms. On a full-year basis, the companys net profit advanced 28.05% to Rs 1,400.16 crore on a 21.38% jump in revenue from operations to Rs 12,076.87 crore in FY25 over FY24. Sandeep Kalra, chief executive officer and executive director of Persistent, said, We are proud to have delivered our 20th sequential quarter of revenue growth, with an EBIT margin of 15.6%. We thank our employees, clients, partners, and shareholders, whose continued support has been instrumental in our success. As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led, platform-driven services will drive this growth, fueled by continued rigor and innovation. We are well-positioned to continue delivering consistent and differentiated long-term value for all our stakeholders. Meanwhile, the companys board of directors announced a final dividend of Rs 15 per equity share for the financial year ended 31 March 2025. The record date to determine shareholder eligibility will be announced later via stock exchange filing. Notably, this brings the total dividend paid during the year to Rs 35 per share, a move the company said was made in recognition of its 35th anniversary. Additionally, the board approved the appointment of Vinit Teredesai as chief financial officer (CFO) and additional director (executive) of the company, effective 24 April 2025, for a term ending 30 September 2028. Furthermore, the board has approved the merger of Arrka Infosec, a wholly owned subsidiary, into Persistent Systems. The merger is subject to necessary statutory approvals under the Companies Act, 2013, and will be carried out through the National Company Law Tribunal (NCLT) route. Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization to businesses across industries.
Time of India
24-04-2025
- Business
- Time of India
Persistent Systems Q4 Results: Profit jumps 25% YoY to Rs 396 crore, board recommends final dividend of Rs 15 per share
Persistent Systems on Thursday reported a profit after tax of Rs 395.76 crore for the fourth quarter ended March 2025, marking a 25.5% year-on-year increase from a profit of Rs 315.32 crore in the corresponding quarter of last year. The company's board recommended a final dividend of Rs 15 per share, subject to shareholder approval at the upcoming Annual General Meeting. This takes the total dividend payout for the fiscal year to Rs 35 per share. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Breaks His Silence: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo The revenue (in INR) for the March quarter rose to Rs 3,242.11 crore, up 25.2% from Rs 2,590.53 crore reported in the year-ago period. The results, announced early Thursday, came in ahead of expectations. Total Contract Value (TCV) for the fourth quarter stood at Rs 4,312.95 crore, while Annual Contract Value (ACV) came in at Rs 2,918.35 crore. 'As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led platform-driven services will drive this growth, fueled by continued rigor and innovation. We are well-positioned to continue delivering consistent and differentiated long-term value for all our stakeholders,' said Sandeep Kalra, Chief Executive Officer of Persistent Systems. Live Events In the quarter, Persistent secured key client wins across its core segments. In the Software, Hi-Tech & Emerging Industries vertical, the company implemented AI-led product innovations, established an R&D center for a non-profit software provider, and launched a managed offshore Security Operations Center for a cybersecurity firm, the company said. Also read | Bullish momentum brewing? 80% of NSE500 stocks now above 50-day average, says Axis Securities In the Banking, Financial Services & Insurance segment, the company developed a regulatory compliance data platform for a major U.S.-based financial services player and built an AI-powered analytics platform for a global tax software firm. It also modernised a payments platform for a UK-based solutions provider. The Healthcare & Life Sciences division saw initiatives including AI-driven patient data modernisation, Azure-based infrastructure migration, and GenAI-powered IT transformation for global research organisations. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
