Persistent Systems up over 10%

Persistent Systems is right there among the top five gainers on the BSE since the opening bell today. The stock opened higher by 4% at Rs.484.80 and went on to hit an intraday high at Rs.513.95, a jump of over 10%.

The company announced its Q4FY20 earnings yesterday night. It posted a flat, 0.4% (QoQ) rise in consolidated rupee revenue at Rs.926 crore while dollar revenue was down 2% at $125 million.

Net profit for the quarter fell 5% at Rs.84 crore though EBITDA was up over 3% at Rs.128 crore.

In terms of geography, 80% of its revenue comes from North America, 9% each from Europe and India.