Persistent Systems Ltd focused on the niche segments of the IT Market and today have substantial presence in the hottest areas of Cloud Computing and Mobile Applications. Increasing global R&D spend, particularly focused in the areas of enterprise mobility and cloud computing is benefiting Persistent.
Persistent to report a strong quarter with q-o-q revenue growth of c7% in USD-terms. EPS is expected to remain flat for FY 12 RS 35 and will then accelerate to Rs 42 in FY 13.
On the flip side, the company witnesses margin pressures and supply side constraints. Add on Corrections or HOLD.
