Persistent Sys

This midcap IT company did not have a good Q4FY17, showing pressure on all profitability front. Its consolidated revenue was at Rs.727 crore, down 2.5% (QoQ). In dollar terms, it was down 0.9% at $10.9 million. The company ended the quarter with a net profit at Rs.73 crore, down 11%.

In terms of segment-wise revenue break-up, majority, which is 44% comes from services, 28% from Alliance, Digital is 19% and Accelerite at 10%. In terms of geography, North America has the biggest share of the pie at 86.5%, Europe was at 5.3%, India at 5.6% while RoW is at 2.6%.

Attrition remained stable at 15.7% v/s 15.8% sequentially. Total employee strength is at 9460, adding 231 people in Q4.

The company ended the fiscal with revenue of Rs.2878 crore, a rise of 22% and net profit was at Rs.301 crore, up 1.5%.