Persistent Systems announced today the appointment of Vinit Teredesai as the Chief Financial Officer (CFO) of the Company, effective immediately, taking over from Sunil Sapre, Executive Director, who will be retiring later this year. Vinit is a seasoned finance professional with over 28 years of experience in finance, accounting, auditing, taxation, fund raising, risk management, mergers and acquisitions, and corporate restructuring. Earlier, he served as the CFO at LTIMindtree Limited, and before that, of Mindtree Limited. Prior, he worked as the CFO and CIO of KPIT Technologies Limited. Vinit is a qualified Chartered Accountant, Cost and Management Accountant, and a Certified Public Accountant in the United States. He has completed a General Management program from the Sloan School of Management at the Massachusetts Institute of Technology (MIT) focusing on strategy, innovation, and technology.Powered by Capital Market - Live News

Net profit of Persistent Systems rose 25.37% to Rs 315.32 crore in the quarter ended March 2024 as against Rs 251.51 crore during the previous quarter ended March 2023. Sales rose 14.91% to Rs 2590.53 crore in the quarter ended March 2024 as against Rs 2254.47 crore during the previous quarter ended March 2023.For the full year,net profit rose 18.72% to Rs 1093.49 crore in the year ended March 2024 as against Rs 921.09 crore during the previous year ended March 2023. Sales rose 17.62% to Rs 9821.59 crore in the year ended March 2024 as against Rs 8350.59 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2590.532254.47 15 9821.598350.59 18 OPM %17.5418.47 -17.0618.19 - PBDT475.41410.31 16 1756.981542.41 14 PBT395.49340.59 16 1447.611270.51 14 NP315.32251.51 25 1093.49921.09 19 Powered by Capital Market - Live News

Persistent Systems announced that the Board of Directors of the Company at its meeting held on 21 April 2024, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 200%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Persistent Systems has revised the meeting of the Board of Directors which was scheduled to be held on 22 April 2024. The meeting will now be held on 21 April 2024.Powered by Capital Market - Live News

Persistent Systems will hold a meeting of the Board of Directors of the Company on 22 April 2024.Powered by Capital Market - Live News