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let's talk about the business model of #PersistentSystems! Persistent is a global technology services company that provides a range of software development, consulting, and support services to businesses around the world.
One key element of Persistent's business model is its focus on providing customized #software solutions to meet the specific needs of its clients. The company has a team of experienced developers and #consultants who work with clients to design and build custom software systems.
In addition to custom software development, Persistent also offers a range of other technology services, including #cloudcomputing, data analytics, and #cybersecurity. This helps the company diversify its revenue streams and provide a range of solutions to its clients.
#PersistentSystems Q3 2022 Concall Highlights 💻🖥
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Financial Updates-
1. Total revenue for the Quarter was ₹1492 Cr which is up 10.7% QoQ and 38.7% YoY.
2. BFSI Revenue is up by 48.9%
3. Healthcare and Lifesciences revenue is up by 47.9%
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Financial Updates-
1. Total revenue for the Quarter was ₹1492 Cr which is up 10.7% QoQ and 38.7% YoY.
2. BFSI Revenue is up by 48.9%
3. Healthcare and Lifesciences revenue is up by 47.9%
4. Software and Hitech revenue is up by 24.7%
5. The DSO stands at 58 days, an increase compared to the previous quarter.
6. EBITDA margin for Q3 stands at 16.8% and 16.6% for Q2
7. EBIT stands at 14% and PBT at ₹236.4 cr at 15.8%
5. The DSO stands at 58 days, an increase compared to the previous quarter.
6. EBITDA margin for Q3 stands at 16.8% and 16.6% for Q2
7. EBIT stands at 14% and PBT at ₹236.4 cr at 15.8%
8.The revenues from new acquisitions - SCI was $3.7 million and Shree Partners was $800,000.
Geography-
1. The revenue from North America is up by 33.1% YoY
2. The revenue from India is up by 71.5% YoY
3. Europe revenues are up by 28.6% YoY
4. ROW grew by 47.9%.
Geography-
1. The revenue from North America is up by 33.1% YoY
2. The revenue from India is up by 71.5% YoY
3. Europe revenues are up by 28.6% YoY
4. ROW grew by 47.9%.
So the 1st co we are going to discuss today is one of the most technologically/foundationally strong company that's founder led, 1st generation promoter led IT company - Persistent #PersistentSystems
Industries & Domains Served:
Banking, Financials, Insurance, Healthcare, Lifesciences, Industrial, Hi-Tech, Telecom, Media. Banking & Financials being a steady driver, while Lifesciences has been the alpha generator.
Banking, Financials, Insurance, Healthcare, Lifesciences, Industrial, Hi-Tech, Telecom, Media. Banking & Financials being a steady driver, while Lifesciences has been the alpha generator.
Services:
Digital -Design & Consulting
Business Intelligence - AI/ML, Data Stack, Data Integration
Product Engineering - Product, platform design & engineering
IDA - Identity & Access services, privacy management
cont..
Digital -Design & Consulting
Business Intelligence - AI/ML, Data Stack, Data Integration
Product Engineering - Product, platform design & engineering
IDA - Identity & Access services, privacy management
cont..
