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Follow UsPUNE, INDIA: Persistent Systems, the global leader in software product and technology services, today announced the Company's audited financial results for the third quarter ended December 31, 2013, as approved by the Board of Directors.
Dr. Anand Deshpande, chairman, managing director and CEO, Persistent Systems: "We have delivered another strong quarter with 3.8 per cent Q-o-Q growth in services and improved operational efficiencies. Our continued investment in technology has helped us establish leadership position in the Social, Mobile, Analytics, Cloud space. We continue to focus on products and IP-led revenue, tracking new industry trends, and encouraging innovative ideas that solve real-world problems."
Consolidated Financial Highlights for the quarter ended December 31, 2013:
§ Revenue was USD 69.94 Million, representing a Y-o-Y growth of 15.1 per cent and Q-o-Q growth of 2.2 per cent .
§ Revenue was INR 4,327.57 Million, representing a Y-o-Y growth of 30.0 per cent and Q-o-Q growth of 0.1 per cent .
§ EBIDTA was INR 1,197.25 Million, representing a Y-o-Y growth of 45.3 per cent and Q-o-Q growth of 6.7 per cent
§ Profit before Tax (PBT) was INR 865.27 Million, representing a Y-o-Y growth of 21.9 per cent and
Q-o-Q growth of 3.6 per cent .
§ Profit after Tax (PAT) was INR 641.98 Million, representing a Y-o-Y growth of 29.7 per cent and Q-o-Q growth of 5.6 per cent .
Consolidated Financial Highlights for the nine months ended December 31, 2013:
§ Revenue was USD 201.42 Million as against USD 175.71 Million for the nine months ended December 31, 2012, representing a growth of 14.6 per cent .
§ Revenue was INR 12,224.16 Million as against INR 9,605.53 Million for the nine months ended December 31, 2012, representing a growth of 27.3 per cent .
§ EBIDTA was INR 3,096.25 Million as against INR 2,521.00 Million for the nine months ended December 31, 2012, representing a growth of 22.8 per cent
§ Profit before Tax (PBT) was INR 2,503.32 Million as against INR 1,908.30 Million for the nine months ended December 31, 2012, representing a growth of 31.2 per cent .
§ Profit after Tax (PAT) was INR 1,820.78 Million as against INR 1,357.33 Million for the nine months ended December 31, 2012, representing a growth of 34.1 per cent .
Interim Dividend:
Declared an interim dividend of INR 8 Per share (Payout Ratio 20.6 per cent ) as against an interim dividend of INR 6 per share during the corresponding period of the last fiscal.