Among the key highlights of IT services provider Persistent Systems Ltd's June quarter earnings were its strong revenue growth and stellar margins. The company saw dollar revenue growth of 9.2% on a sequential basis, which was 250-300 basis points ahead of analysts' expectations. One basis point is one hundredeth of a percentage point. Analysts say, continued focus on large deals and an improving win rate should aid the revenue growth trajectory and predictability. Moreover, the company's management was confident of sustaining revenue growth momentum in the coming quarters.

Source: Mint July 26, 2021 06:56 UTC