Cloud Computing/SaaS, Analytics, Enterprise Mobility and Enterprise Collaboration Services ..etc. This debt free ,cash rich IT player performing reasonably well even in tough times of IT sector. Company having offshore development centers in Pune, Nagpur, Goa and Hyderabad. Company’s customer list includes biggies like Microsoft and Oracle.About 50% of the total income of the company is generated from independent software vendors and 25% from telecom related sectors. One of the biggest advantage of this company is that ,it is earning more than 85% income from the services delivered from India. This is helping the company a lot at a time of visa rate hike ..etc by foreign countries.For the FY 2010 company posted a turnover of Rs.600 Cr and a net profit of Rs.115 Cr .On an equity base of Rs.40 Cr company posted an EPS of Rs.36. For the six month ended September 2010 ,Persistent posted a turnover of Rs.368 Cr and a net profit of Rs.70 Cr. At a time of revival in IT sector ,Persistent is one of the best companies available from this sector to include in your portfolio with a long term view .CMP is Rs.430/-
HI,
ReplyDeleteCould you please post your views on Black Rose Ind.
Dear Sir,
ReplyDeleteThanks for the great work.. Request you to please provide me with your views regarding Bellary steel, I am stuck in this counter at 4.5 Given the recent developments can you please guide me the course of action that I should take going forward.
Sorry Friends
ReplyDeleteNot tracking both these cos.
dear vp.....thanks a ton for your pearls..is this the right time to enter in persistent systems at around 350 levels,would highly appreciate your response ,please keep up the great work
ReplyDeletethank you
hi Sir,
ReplyDeletevery new here, just wanted to ask about persistent future course of action from here ie @483 on 6nov12
hi sir
ReplyDeletevery new here, just wanted to ask Persistent's future course of action from here ie @485 on 6nov12.