Persistent Systems share price surged more than 4% during Tuesday’s trading session, following robust results for the September quarter. The company recorded a 45% year-over-year rise in net profit for the September quarter, exceeding analysts’ expectations.
With a net profit of ₹471.4 crore, which was 10.9% higher compared to the previous quarter, driven largely by a reduction in software license costs for one client and gains from foreign currency, according to chief executive officer Sandeep Kalra.
