IT - Software · PERSISTENT
IT - ER&D
from 5,499 today
Persistent Systems Ltd (PSYS) delivered an in-line Q1FY27 performance supported by healthy deal wins and strong booking quarters, with management reiterating confidence in sustaining 16-17% operating margins over the medium term.
Persistent Systems Ltd delivered an in-line Q1FY27 performance supported by healthy deal wins and strong bookings, while profitability remained resilient despite ongoing investments.
Persistent Systems reported a decent quarter with strong revenue growth and record TCV, though EBIT margins declined slightly. We maintain our HOLD rating with a revised target price of INR 5,550, rolling forward valuation to 1HFY29E.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.