Persistent Systems reports subdued numbers for Q4FY18

Persistent Systems' reported consolidated results for the last quarter of FY18, which came in at Rs 7525.46 crore, registering a decline of 4.97 per cent QoQ. 

The revenue from digital contributed around 24 per cent of the total revenue, as against 22 per cent in preceding quarter. 

The company's EBITDA for the quarter fell by 21.18 per cent QoQ to Rs 1083.83 crore, with a corresponding margin contraction of 296 bps. Its EBITDA margin for the quarter stood at 14.4 per cent.

The PAT for the quarter came in at Rs 737.06 crores, a decline of 19.6 per cent QoQ . 

Looking at the full year numbers, we see that revenue increased by 5 per cent to reach Rs 30,337 crore, while EBITDA had remained flat at Rs 4,687.26 crore. Further, the company’s net profit rose around 7 per cent YoY to Rs 3,230.88 crore. 
  
The attrition rate for the quarter remained unchanged at 14.7 per cent as compared to last quarter. 

The board of directors has recommended final dividend of Rs 3 per share for FY2018, subject to the approval of shareholders. 

Ahead of its quarterly result, the stock of Persistent Systems was trading at the negative mark and closed for the day at Rs 725.85, down by 2.7 per cent from its previous close.