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Indian technology company
Persistent Systems Ltd is an Indian multinational technology company based in Pune. Founded in 1990, it provides information technology and software engineering services.
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Persistent Systems shares fell 5% despite 7.8% sequential constant-currency revenue growth in Q2FY27, as margin contraction and a sharp decline in profit weighed on sentiment. Brokerages remained divided on the stock amid valuation concerns and acquisition-related costs.
Persistent Systems shares fell sharply after its Q2 profit declined 27 percent sequentially and operating margins missed estimates. CLSA and JPMorgan retained bullish ratings, while Nuvama flagged valuation concerns and risks from the Nagarro acquisition.
Persistent Systems shares declined 6% on October 16, as investors focused on margin concerns amid a subdued Q2 performance. Here's what investors need to know.