Persistent Systems Q2 profit rises 5% to ₹495 crore
In short
Persistent Systems said its Q2 profit rose 5% to ₹495 crore, not counting Nagarro deal costs. Revenue also increased, with rupee revenue at ₹4,663.9 crore and dollar revenue at $487.6 million.
This matters to investors because it shows how the company performed in the quarter. The report does not say what the market reaction was or give more detail on the Nagarro deal costs.
What the reporting says
Persistent Systems reported Q2 results with profit rising 5% to ₹495 crore, excluding Nagarro deal costs. Revenue from operations grew 20.8% year on year in constant currency terms, while revenue in rupee terms rose 30.3% to ₹4,663.9 crore and dollar revenue increased 20% to $487.6 million, according to a publisher-supplied summary. The immediate market reaction was not stated in the available reporting.
Why it matters
Persistent Systems reported second-quarter results showing higher profit and stronger revenue, based on a publisher-supplied summary. The update points to revenue growth in rupee, dollar and constant-currency terms, with profit cited at ₹495 crore excluding Nagarro deal costs. The reporting does not explain the deal-cost adjustment or give management commentary, so the immediate reason for the performance is still unclear.