Q2 2025 Persistent Systems Ltd Earnings Call Transcript
Key Points
- Persistent Systems Ltd (BOM:533179) reported a healthy revenue growth of 18.4% year on year and 5.3% quarter on quarter, reaching $345.5 million in Q2 FY25.
- The company achieved an EBIT margin of 14%, translating to a 22.8% year on year increase in rupee terms.
- The total contract value for the quarter was $529 million, with new bookings contributing $389.8 million.
- Persistent Systems Ltd (BOM:533179) launched the T100 Program to enhance customer value and deepen client relationships, focusing on AI-driven innovation and ecosystem leadership.
- The company achieved carbon neutrality for Scope 1 and Scope 2 emissions ahead of schedule, reflecting its commitment to sustainability.
- Europe's revenue declined by 1.3% year on year, although it grew by 6.6% quarter on quarter.
- The EBIT margin was impacted by wage hikes, policy rationalization, and ESOP issuance, resulting in headwinds of 210, 130, and 60 basis points respectively.
- The software, hi-tech, and emerging verticals saw a marginal decrease of 0.5% year on year.
- The company experienced a decline in headcount by 282 quarter over quarter, although utilization improved.
- Persistent Systems Ltd (BOM:533179) faces potential seasonal headwinds in the second half of the fiscal year, similar to previous years.
Ladies and gentlemen, good day, and welcome to Persistent Systems earning conference call for the second-quarter of FY25 ended September 30, 2024.
We have with us today on the call, Dr. Anand Deshpande, Chairman and Managing Director; Mr. Sandeep Kalra, Executive Director and Chief Executive Officer; Mr. Vinit Teredesai, Chief Financial Officer; and Mr. Saurabh Dwivedi, Head of Investor Relations.
(Operator Instructions)
Please note this conference is being recorded.
I now hand over the conference to Mr. Saurabh Dwivedi. Thank you, and over to you, sir.
& -
Thank you, Amit and for spending time with us today. We hope you have had the opportunity to review the results that we published a few hours ago.
Let me quickly outline the agenda for today's call and commentary on business. Vinit will take you through the financial details and some of the key operational metrics for this
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