Persistent Systems Limited Reports Audited Consolidated and Unconsolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 21, 2017 at 05:13 am EST
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Persistent Systems Limited reported audited consolidated and unconsolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter on consolidated basis, the company reported income from operations of INR 7,455.35 million against INR 5,920.74 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 799.99 million against INR 751.82 million a year ago. Profit from ordinary activities before tax was INR 1,117.79 million against INR 908.77 million a year ago. Net profit for the period was INR 818.91 million or INR 10.24 per share diluted before and after extraordinary items against INR 69.570 million or INR 8.70 per share diluted before and after extraordinary items a year ago.
For the nine months on consolidated basis, the company reported income from operations of INR 21,513.31 million against INR 16,352.21 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,255.80 million against INR 2,167.28 million a year ago. Profit from ordinary activities before tax was INR 3,070.23 million against INR 2,755.02 million a year ago. Net profit for the period was INR 2,286.70 million or INR 28.58 per share diluted before and after extraordinary items against INR 2,042.02 million or INR 25.53 per share diluted before and after extraordinary items a year ago.
For the quarter on unconsolidated basis, the company reported income from operations of INR 4,626.27 million against INR 3,831.00 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,000.37 million against INR 558.72 million a year ago. Profit from ordinary activities before tax was INR 1,294.90 million against INR 705.80 million a year ago. Net profit for the period was INR 868.36 million or INR 10.85 per share diluted before and after extraordinary items against INR 551.28 million or INR 6.89 per share diluted before and after extraordinary items a year ago.
For the nine months on unconsolidated basis, the company reported income from operations of INR 13,024.16 million against INR 10,663.71 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,496.13 million against INR 2,149.44 million a year ago. Profit from ordinary activities before tax was INR 3,293.59 million against INR 2,726.88 million a year ago. Net profit for the period was INR 2,402.33 million or INR 30.03 per share diluted before and after extraordinary items against INR 1,981.01 million or INR 24.76 per share diluted before and after extraordinary items a year ago.
Persistent Systems Limited is a holding company, which is engaged in the business of providing software products and technology services. The Companyâs segments include Banking, Financial Services, and Insurance (BFSI), Healthcare & Life Sciences, and Software, Hi-Tech, and Emerging Industries. The Company provides a range of services, including digital strategy and design, software product engineering, client experiences (CX) transformation, cloud & infrastructure, intelligent automation, enterprise information technology (IT) security, enterprise integration, application development and management, data, and analytics, and persistent.AI. The Company serves various industries, including banking and financial services, insurance, healthcare life sciences, software and hi-tech, and telecom and media. Its cloud and infrastructure offerings include Hybrid & Multi-Cloud Transformation, Data Center Modernization, Persistent Intelligent IT Operations (PiOps), and Cloud Advisory Services.
Persistent Systems Limited Reports Audited Consolidated and Unconsolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016