PUNE, India and SANTA CLARA, California, January 24, 2015 /PRNewswire/ --
News Summary:
Persistent Systems (BSE & NSE: PERSISTENT), today announced the Company's audited financial results for the quarter ended Dec 31, 2014, as approved by the Board of Directors.
(Logo: http://photos.prnewswire.com/prnh/20141106/714346 )
Consolidated Financial Highlights for the Quarter ended December 31, 2014:
Particulars Q3 FY15 Q-o-Q growth Y-o-Y growth
Revenue USD 79.52 Million 4.2% 13.7%
INR 4,946.38
Million 6.6% 14.3%
INR 744.62
Profit after Tax Million 4.4% 16.0%
Consolidated Financial Highlights for the nine months ended December 31, 2013:
Particulars Q3 FY15 Y-o-Y growth
Revenue USD 228.50 Million 13.4%
INR 13,937.99 Million 14.0%
Profit after Tax INR 2,145.81 Million 17.9%
Highlights:
- The Board proposed 1:1 bonus shares
- Declared an interim dividend of INR 10 per share
Executive Quote:
Dr. Anand Deshpande, Chairman and Managing Director, Persistent Systems:
"2015 is an important year for the Company as we celebrate our 25th year. We propose to celebrate the year with multiple different activities that are being planned.
Technology and innovation continue to be at the center of our strategy to focus on the 'How' of digital transformation. During the quarter, we strengthened our leadership team to drive this technology-led strategy along with forming new partnerships and enhancing how we train our employees on the technologies that drive digital transformation."
US-based Leadership Additions, with Technology Vision and a Track Record of Innovation
- Dr. Siddhartha Chatterjee joined as Chief Technology Officer
- Thomas Klein joined as General Counsel and Senior Vice President of Corporate
Development
Other News Highlights for the Quarter:
- Partnered with Scale Agile Framework (SAFe) program which enables project
teams with the how of nimble, flexible and sprint-based technology development for
digital transformation
- Launched Persistent Computing Institute (PCI) to bridge the gap between
academy and industry
- Persistent Intranet (Pi) won Prestigious 2014 CIO100 Award, InformationWeek
EDGE Award, 2014 and IT Excellence Award 'No Limits CIO' from VMWare, 2014
- Awarded TISS LeapVault CLO Award for 'Best Corporate University', the Global
Learn Tech Awards 2014 for 'Best technologies learning solution' and for 'Chief
Learning Officer of the Year'
- Awarded the Asset Corporate Award for excellence in Management and Corporate
Governance
- Awarded the Certificate of Recommendation in ICSI - Excellence in Corporate
Governance Award 2014
About Persistent Systems:
Persistent Systems [http://www.persistent.com ] (BSE & NSE: PERSISTENT) builds software that drives the business of our customers; enterprises and software product companies with software at the core of their digital transformation.
Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit:
http://content.persistent.com/Pslweb/forward_looking_cautionary_statement.shtml
Media Contacts:
Rashmi Joshi
Persistent Systems
Corporate Communications
Tel: +91-830-833-9400
Email: rashmi_joshi@persistent.com
Ken Montgomery
Persistent Systems
Vice President, Global Communications
Tel: +1-949-939-5164
Email: Ken_montgomery@persistentsys.com
Photo:
http://photos.prnewswire.com/prnh/20141106/714346SOURCE Persistent Systems
