The company derives the highest share of its revenues in dollars, which has been strengthening against the Indian currency. The broker expects Persistent Systems to clock the highest earnings CAGR of 25% over FY22-25E.
Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization. The company's consolidated net profit rose 5.3% to Rs 211.61 crore on 14.7% increase in revenue to Rs 1878.11 crore in Q1 June 2022 over Q4 March 2022.
In the past one year, the stock has fallen 5.47% as against the Sensex's 1.58% decline.