Persistent Systems has announced the audited financial results for
the second quarter ended September 30, 2013.
“We are delighted with our excellent growth in revenue in the
second quarter that has surpassed the overall industry growth rate”,
said Anand Deshpande, chairman, Managing Director and CEO,
Persistent Systems. “We continue to invest in creating
next-generation technology solutions for our customers. During the
quarter, we have also expanded internationally in EMEA, APAC and have
opened our Collaborative Software Development Center in Ohio.”
Its revenue was US$ 68.45 Million, representing Y-o-Y growth of
14%, and Q-o-Q growth of 8.6%. Its revenue in rupee terms was Rs
4,323.71 Million, representing Y-o-Y growth of 32.3% and Q-o-Q growth
of 21%..IP led Revenue for the quarter was US$ 13.10 Million as
against US$ 9.49 Million for the previous quarter, representing Q-o-Q
growth of 38.0%. EBIDTA was Rs 1,122.07 Million, representing Y-o-Y
growth of 26% and Q-o-Q growth of 44.4%. PBT was Rs 834.93 Million,
representing Y-o-Y growth of 34.1% and Q-o-Q growth of 4%.
Persistent Systems’ focused strategy around product engineering,
its enterprise platform approach and product IP has enabled the
Company to grow and scale up resulting in new business opportunities
with leading enterprises. In this quarter, multiple analyst
firms have recognized Persistent’s investments in developing
cutting-edge solutions for the enterprise market.
Opened first US Collaborative Software
Development Center in Dublin, Ohio to
further strengthen and expand regional customer relationships in
delivering next generation cloud computing, analytics, mobility and
social collaboration solutions. The Center is specifically designed
to help enterprises create rapid prototypes of next generation
applications leveraging analytic technologies and utilizing
perceptual computing driven innovative user interfaces.
Unveiled the release of its rCloud 4 Universal
Architecture, an innovative cloud platform
(under Doyenz) that meets the business continuity needs of businesses
of all sizes with Instant Restore
capabilities.
Expanded Oracle practice to help Oracle
partners and customers solve increasingly complex data, mobility and
security challenges associated with next-generation enterprises.
Attained ISO 13485:2003 Certification, the
international Quality Management Systems standard for Medical Device
Software. This global certification enables Persistent Systems to
expand its product design, development, testing and enhancement of
Medical Device Software and related service and support offerings.
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