Persistent Delivers Steady Growth, Revenue up 13.7% YoY, PAT up 20.2% YoY

22nd January 2024  Santa Clara, CA and Pune, India

News Summary
Persistent Systems (BSE & NSE: PERSISTENT) today announced the Company’s audited financial results for the quarter ended December 31, 2023, as approved by the Board of Directors.

Consolidated Financial Highlights for the Quarter ended December 31, 2023
Persistent Delivers
The Board of Directors declared an Interim Dividend of ₹32 per share on the face value of ₹10 each for the Financial Year 2023-2024. In addition, the Board has recommended to the shareholders a resolution to split the face value of shares from ₹10 per share to ₹5 per share.
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent:
“We are proud to announce the 15th sequential quarter of growth and a significant milestone of our first-ever quarter of $300M+ in revenue and $500M+ in TCV bookings. We are thankful for