As compared with Q2 FY23, the company's net profit and revenue are higher by 19.66% and 17.72%, respectively.

EBITDA stood at Rs 405.16 crore in Q2 FY24, was down 4.2% QoQ and up 10.1% YoY.

In US dollar terms, the IT firm's revenue stood at $291.71 million in Q2 FY24, up 3.1% QoQ and up 14.1% YoY.

The order booking for the quarter ended on 30 September 2023, was at $479.3 million in Total Contract Value (TCV) and at $315.9 million in Annual Contract Value (ACV) terms.

Sandeep Kalra, chief executive officer and executive director, Persistent, said, “We are pleased to announce yet another quarter of strong revenue growth, fueled by client trust in our Digital Engineering and Enterprise Modernization capabilities. Our proactive approach and ability to adapt has enabled us to thrive in this uncertain macroeconomic environment leading to our highest-ever TCV with more than $475M in bookings in Q2FY24.”

Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization. The company works with the industry leaders including 14 of the 30 most innovative companies as identified by BCG, 8 of the top 10 largest banks in the US and India, and numerous innovators across the healthcare and software ecosystems.