Share Market News: Persistent Systems Stocks Giving Good Returns, Better Than Nifty and Nifty IT

Share Market News: In the last 6 months, Persistent gave a return of 27.83%, while Nifty gave a return of 11% and Nifty IT gave a return of 15%. By FY27, the company is targeting a revenue of $2 billion. Apart from this, the company is also working on strict cost management strategies to reduce its expenses. In the coming time, the company is focusing on high-demand areas like data, cloud, and digital engineering, along with increasing their European market share. 

Persistent Systems Revenue

So far, Persistent Systems had a revenue of 7-8% from Europe, which they are targeting to reach 12%. In FY24, sales of Rs 9822 Cr were recorded, in which the operating profit was Rs 1676 Cr, which means the company is maintaining an operating profit of about 17%. In FY25, the estimated sales is Rs 11,600 Cr, and the profit after tax is expected to be 13.7%. Along with this, in FY26, the sales expectation is Rs.13,700 Cr and in FY27, sales of Rs.16,000 Cr is expected.