{"id":138734,"date":"2023-01-18T09:20:17","date_gmt":"2023-01-18T14:20:17","guid":{"rendered":"https:\/\/44.250.171.167\/?p=138734"},"modified":"2023-04-25T08:26:22","modified_gmt":"2023-04-25T12:26:22","slug":"persistent-systems-q3fy23-35-growth-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/persistent-systems-q3fy23-35-growth-in-profits\/","title":{"rendered":"Persistent Systems Q3FY23; 35% Growth in Profits"},"content":{"rendered":"\n<p>Software engineering and strategy services are offered by <a href=\"https:\/\/44.250.171.167\/symbol\/persistent\/\" target=\"_blank\" rel=\"noreferrer noopener\">Persistent Systems<\/a> to assist firms in implementing and modernising their operations. It has proprietary software and frameworks with built-in acceleration and integration. Additionally, it collaborates with vendors like AWS and Salesforce<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>For the third quarter of FY23, the firm reported a 34.9% year-over-year increase in net profit to \u20b9 238 crores. In the identical quarter of the prior fiscal year, the firm had generated a net profit of \u20b9 176.5 crores. During the quarter, the company&#8217;s overall costs increased 43.83% YoY to \u20b9 1,849.6 crores.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter\"><a href=\"https:\/\/lh4.googleusercontent.com\/saTNqttO07HR_NDJY6Cmv1-SnzoXAfU0slSSgH_wTijULP40ovZghsDfw0J2R9SqPn4ekVmR0aUYgriUjvTxiSVpq1Nlj1s-3UehVSBv41faGNqlvdvPrX3YE1MvuqkckYC4rsAjUmsxnw7aOSZbYxbMc1nYEnbAjj2WCXkgCsPMIJ_wxCWnmDIggGl2QA\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/saTNqttO07HR_NDJY6Cmv1-SnzoXAfU0slSSgH_wTijULP40ovZghsDfw0J2R9SqPn4ekVmR0aUYgriUjvTxiSVpq1Nlj1s-3UehVSBv41faGNqlvdvPrX3YE1MvuqkckYC4rsAjUmsxnw7aOSZbYxbMc1nYEnbAjj2WCXkgCsPMIJ_wxCWnmDIggGl2QA\" alt=\"\"\/><\/a><\/figure><\/div>\n\n\n\n<p>As per the management, the entire contract value of the orders placed for the Q3FY23 was USD 440 million, and the yearly contract value was USD 326.3 millions. Additionally, the business closed a number of significant contracts in several sectors and service areas, which contributed to a 20% sequential increase in total contract value bookings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Software engineering and strategy services are offered by Persistent Systems to assist firms in implementing and modernising their operations. It has proprietary software and frameworks with built-in acceleration and integration. Additionally, it collaborates with vendors like AWS and Salesforce Financial Results: For the third quarter of FY23, the firm reported a 34.9% year-over-year increase in [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":26623,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,6352,8],"tags":[9007,9822],"class_list":["post-138734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-research-summary","category-technology-stocks","tag-information-technology-services","tag-it"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Printed-Cirtuit-Borad-Technology.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":167276,"url":"https:\/\/alphastreet.com\/india\/persistent-systems-ltd-q3fy25-30-rise-in-profits-2\/","url_meta":{"origin":138734,"position":0},"title":"Persistent Systems Ltd Q3FY25; 30% rise in Profits","author":"Divyansh_Kasana","date":"March 7, 2025","format":false,"excerpt":"Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration . It also has partnership with providers such as Salesforce and AWS . Financial Results: Persistent Systems Ltd reported Revenues for Q3FY25\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/U-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/U-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/U-2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/U-2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/U-2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/U-2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":144083,"url":"https:\/\/alphastreet.com\/india\/persistent-systems-limited-earnings-story\/","url_meta":{"origin":138734,"position":1},"title":"Persistent Systems Limited Q4FY23 Earnings","author":"Karan_Singh","date":"April 25, 2023","format":false,"excerpt":"To assist firms in implementing and modernising their operations, Persistent Systems offers software engineering and strategy services. It has its own frameworks and applications that are already integrated and accelerated. Additionally, it collaborates with vendors like Salesforce and AWS. Financial Results: Persistent Systems Ltd. reported Total Income for Q4FY23 of\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"Indegene","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-981901768.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-981901768.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-981901768.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-981901768.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":168923,"url":"https:\/\/alphastreet.com\/india\/persistent-systems-ltd-q4fy25-26-rise-in-profits\/","url_meta":{"origin":138734,"position":2},"title":"Persistent Systems Ltd Q4FY25; 26% rise in Profits","author":"Chirag Gupta","date":"June 26, 2025","format":false,"excerpt":"Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration . It also has partnership with providers such as Salesforce and AWS . 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