Consolidated Financial Highlights for the Quarter ended
Q1FY23 Margin % Q-o-Q growth Y-o-Y growth
Revenue (USD Million) 241.52 11.1% 44.8%
Revenue (INR Million) 18,781.11 14.7% 52.7%
EBITDA (INR Million) 3,332.92 17.7% 18.5% 65.4%
PBT (INR Million) 2,818.75 15.0% 5.5% 38.8%
PAT (INR Million) 2,116.12 11.3% 5.3% 39.9%
The 32nd Annual General Meeting of the Company was held on
'We would like to thank
'We are delighted to start the new fiscal year with an exceptional performance - delivering 11.1% sequential and 44.8% year-over-year growth as well as our highest ever TCV booking of
Our differentiated Digital Engineering expertise, trusted delivery model, robust client relationships and strong partner ecosystem continue to fuel our growth. In addition, we are confidently working with our clients to help them navigate and thrive in the evolving economic environment.
We received multiple accolades this quarter, including recognition as an 'Honored Company' in Institutional Investor's 2022 Asia Executive Team rankings - an acknowledgement by sell-side analysts for our robust corporate governance practices and strong executive leadership.'
First Quarter FY23 Client Wins and Outcomes
The order booking for the quarter ended on
Some of the key wins for the quarter include:
Software,
Accelerating data, application and mainframe product modernization for a connected enterprise software and technology company
Improving user experience, scaling automation, and strengthening nearshore presence as a unified service partner for world's leading technology and cloud services provider
Building and managing R&D capabilities to improve the extended product portfolio of an IT and security operations solutions company
Banking,
Creating robust tech platform to scale operational efficiency and enable omnichannel experience for a premier wealth management firm
Implementing data center modernization and infrastructure transformation to enhance customer experience and business outcomes for one of the largest third-party claim administrators
Providing product engineering and domain expertise through an offshore development center to modernize platforms for a leading finance mortgage broker
Healthcare & Life Sciences
Offering comprehensive software services to support the digital transformation of leading managed healthcare and insurance provider
Leveraging deep technology and industry expertise to modernize key platforms and improve scalability for a health-tech organization
Implementing functional data marts on a
Awards and Recognitions
Persistent Among Top Companies in Institutional Investor's 2022 Asia Executive Team Awards
Persistent enters Brand Finance Top 10 India IT Brands for first time and is 3rd fastest growing Indian brand overall
Persistent awarded by
iNFHRA honors Persistent with awards in two categories - Corporate Vaccination and Hygiene at Workplace
News in the Quarter
Persistent Systems Delivers Digital-first Banking Infrastructure for
Digital Surgery - The future has already arrived, featuring
CIO.com: 10 key roles for AI success, featuring Dattaraj Rao
IDG Connect: CIO Spotlight -
About Persistent
With over 21,500 employees located in 18 countries,
www.persistent.com
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit www.persistent.com/flcs/
Media Contacts
+1 856 672 1753
keith_landis@persistent.com
Manohar Dhanakshirur
Archetype
+91 750 644 5361
manohar.dhanakshirur@archetype.co
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