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Persistent Systems Limited — Interim / Quarterly Report 2019
Nov 4, 2019
60826_rns_2019-11-04_bd2c388f-8e09-4b60-bcd6-bc0a90e21cea.pdf
Interim / Quarterly Report
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PERSISTENT
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NSE & BSE / 2019-20 / 75
November 4, 2019
The Manager, Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400051
The Manager, Corporate Services, BSE Limited 14[th ] Floor, P J Towers, Dalal Street, Mumbai 400001
Ref: Symbol: PERSISTENT
Ref: Scrip Code: 533179
Dear Sir/ Madam,
Sub: Press Release regarding financial results for the quarter and half year ended September 30, 2019
We wish to inform you that the Company has made a press release dated November 4, 2019 announcing the audited financial results for the quarter and half year ended September 30, 2019, as approved by the Board of Directors at its meeting held on November 3, 2019 and concluded on November 4, 2019.
The copy of the Press Release is attached for your records.
Please acknowledge the receipt.
Thanking you,
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Com y Secretary ICSI Membership Number: ACS 20507
Encl: As above
Persistent Systems Limited, Bhageerath, 402, Senapati Bapat Road, Pune 411016 I Tei : +91 (20) 670 30000 Persistent Systems Inc., 2055, Laurelwood Rd, Suite 210, Santa Clara, CA 95054, USA I Tel : +1 (408) 216 7010 CIN - L72300PN1990PLC056696 J Fax - +91 (20) 6703 0009 I e-mail - [email protected] I Website - www.persistent.com
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PERSISTENT SYSTEMS REPORTS $125.5 MILLION REVENUE, 4.9% Q-o-Q GROWTH FOR Q2FY20
Pune, India and Santa Clara, US – November 04, 2019:
News Summary:
Persistent Systems (BSE & NSE: PERSISTENT), today announced the Company's audited financial results for the second quarter ended September 30, 2019, as approved by the Board of Directors.
| Consolidated Financial Highlights for the Quarter ended September 30, 2019: | Consolidated Financial Highlights for the Quarter ended September 30, 2019: | Consolidated Financial Highlights for the Quarter ended September 30, 2019: |
|---|---|---|
| Q2FY20 | Q-o-Q growth | |
| Revenue (USD Million) | 125.51 | 4.9% |
| Revenue (INR Million) | 8,846.00 | 6.3% |
| EBITDA (INR Million) | 1,216.45 | 1.2% |
| PBT (INR Million) | 1,155.63 | 5.3% |
| PAT (INR Million) | 860.72 | 4.4% |
Christopher O’Connor, CEO & Executive Director, Persistent Systems:
“We’ve been relentless in helping our customers see beyond their current needs. Our focus is on creating organic growth across the board and releasing constraints in our business processes. This quarters work included positioning our brand for customer recognition and success. We see positive outcomes from this focus and intend to be even more agile in addressing our customers’ needs and their business, ultimately helping them rise above their competition.”
Key Wins During the Quarter
Banking, Financial Services, and Insurance
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Consulting and platform development for a leading US-based independent retirement and college savings services provider
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Digital platforms to support business lines for a US-based direct writer of Surety and Fidelity bonds and insurances
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Product Lifecycle Management licensing engagement for an American manufacturing insurance company
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Life Sciences & Healthcare
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Building care-coordination platforms to help payers adopt and embrace value-based reimbursements for a leading US-based healthcare platform provider
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Digitizing referral management and clinical services authorization process for a US-based not-forprofit, healthcare delivery system
Industrial
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Engineering Lifecycle Management licensing engagement for a French industrial group specializing in naval defense and marine renewable energy
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Engineering engagement in the robotics area for a provider of autonomous systems, simulators, industrial equipment and engineering services in the defense and security sector
ISV & Emerging Vertical
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Product engineering engagement to build a hybrid cloud management platform for an American multinational information technology company
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Big data and business intelligence licensing engagement for an American multinational information technology company
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Outsourced development center for one of the leading providers of home service plans in the US to help develop a digital customer engagement platform
Highlights
New Solutions
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Persistent Digital Bank Solution™
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Persistent Self-Sovereign Identity Solution™
Recognition
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OutSystems 2019 Most Valuable Partner of the Year Award
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IBM Business Partner Excellence Award for Engineering (ELM) Solutions
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Constellation ShortList™ Q3 2019 for Innovation Services and Engineering
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SHRM Excellence in Learning and Development Award
Client Outcomes
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Artel improves ROI by 30%, ensures reliable lab results and improved quality of life for patients
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Empirix helps mobile carriers monetize data with advanced analytics and cuts development time by 50%
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HM Land Registry leverages Blockchain to simplify home buying in England and Wales
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• SWAYAM reaches millions of learners across India through a new cloud-based solution
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Other Highlights
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Persistent, PCCM, and IISER Pune organize the first Cancer Genome Atlas Conference and Workshop in India
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First organization in India to receive the new edition of the Greenhouse Gas emissions certification
About Persistent Systems:
Persistent Systems (BSE & NSE: PERSISTENT) builds software that drives the business of our customers; serving software product companies and enterprises with software at the core of their digital transformation.
Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit www.persistent.com/FLCS
Media Contacts:
| Saviera Barretto | Pulkit Grover | Ken Montgomery |
| Archetype | Persistent Systems | Persistent Systems (US) |
| +91 84249 17719 | +91 86696 70068 | +1 213 500 8355 |
| [email protected] | [email protected] | [email protected] |
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