Persistent Systems Limited Reports Audited Consolidated and Unconsolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 27, 2018 at 06:23 am EST
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Persistent Systems Limited reported audited consolidated and unconsolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter on consolidated basis, the company reported income from operations of INR 7,918.90 million against INR 7,455.35 million a year ago. Profit before exceptional items and tax was INR 1,175.16 million against INR 1,117.79 million a year ago. Profit before tax was INR 1,175.16 million against INR 1,117.79 million a year ago. Net profit for the period was INR 916.70 million or INR 11.46 per share basic and diluted continuing and discontinuing operations against INR 818.91 million or INR 10.24 a year ago.
For the nine months on consolidated basis, the company reported income from operations of INR 22,811.57 million against INR 21,513.31 million a year ago. Profit before exceptional items and tax was INR 3,309.12 million against INR 3,070.23 million a year ago. Profit before tax was INR 3,309.12 million against INR 3,070.23 million a year ago. Net profit for the period was INR 2,496.82 million or INR 31.17 per share basic and diluted continuing and discontinuing operations against INR 2,286.70 million or INR 28.58 a year ago.
For the quarter on unconsolidated basis, the company reported income from operations of INR 4,300.89 million against INR 4,626.27 million a year ago. Profit before exceptional items and tax was INR 1,048.81 million against INR 1,294.90 million a year ago. Profit before tax was INR 1,048.81 million against INR 1,294.90 million a year ago. Net profit for the period was INR 772.32 million or INR 9.72 per share basic and diluted continuing and discontinuing operations against INR 868.36. million or INR 10.85 a year ago.
For the nine months on unconsolidated basis, the company reported income from operations of INR 32,947.44 million against INR 13,024.16 million a year ago. Profit before exceptional items and tax was INR 3,239.54 million against INR 3,293.59 million a year ago. Profit before tax was INR 3,239.54 million against INR 3,293.59 million a year ago. Net profit for the period was INR 2,392.56 million or INR 29.41 per share basic and diluted continuing and discontinuing operations against INR 2,402.13 million or INR 30.03 a year ago.
Persistent Systems Limited is an India-based holding company engaged in the business of providing software products and technology services. The Companyâs segments include Banking, Financial Services, and Insurance (BFSI), Healthcare & Life Sciences, and Technology Companies and Emerging Verticals. The Company provides a range of services, including digital strategy and design, software product engineering, client experiences (CX) transformation, cloud & infrastructure, intelligent automation, enterprise information technology (IT) security, enterprise integration, application development and management, and data and analytics. The Company serves various industries, including banking and financial services, insurance, healthcare life sciences, software and hi-tech, and telecom and media. Its cloud and infrastructure offerings include Hybrid & Multi-Cloud Transformation, Data Center Modernization, Persistent Intelligent IT Operations (PiOps), and Cloud Advisory Services.
Persistent Systems Limited Reports Audited Consolidated and Unconsolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017