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Persistent Systems Reports 0.1% Revenue Growth and 2.7% PAT Decline for Q2 FY19 on YOY Basis
PUNE, India and SANTA CLARA, California, Oct. 21, 2018 /PRNewswire/ -- News Summary: Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), today announced the Company's audited financial results for the second quarter ended September 30, 2018, as approved by the Board of Directors. Consolidated Financial Highlights for the Quarter ended September 30, 2018:
Consolidated Financial Highlights for the Half-Year ended September 30, 2018:
Dr. Anand Deshpande, Chairman and Managing Director, Persistent Systems: "While our digital numbers are lower than expected, we see good growth opportunities across all segments of our business and multiple new projects started this quarter that will deliver long-term revenue growth. The shortfall in digital revenue can be attributed to short closure of one of our projects and a shift in the business mix as some projects moved offshore. "We continue to invest in new technologies and in enhancing domain and consulting skills in our customers' geography as can be seen from the acquisition of Herald Health and the setting up of Partners Healthcare Pivot Labs." Highlights and Recognitions:
Customer and Partner Highlights: (www.persistent.com/customers-speak)
Key Wins during the Quarter:
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:
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