Investing.com - Persistent Systems reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Persistent Systems announced earnings per share of ₹28.79 on revenue of ₹20.49. Analysts polled by Investing.com anticipated EPS of ₹27.84 on revenue of ₹20.28B.
Persistent Systems shares are down 16.18% from the beginning of the year and are trading at ₹3,666.40 , down-from-52-week-high.
Persistent Systems follows other major Information Technology sector earnings this month
Persistent Systems's report follows an earnings beat by Tata Consultancy on October 10, who reported EPS of ₹28.5 on revenue of ₹553.09B, compared to forecasts EPS of ₹28.46 on revenue of ₹550.82B.
Infosys had beat expectations on October 13 with second quarter EPS of ₹14.34 on revenue of ₹365.4B, compared to forecast for EPS of ₹14.2 on revenue of ₹365.67B.
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