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The global leader in software product and technology services, today announced the Company’s audited financial results for the third quarter ended December 31, 2012, as approved by the Board of Directors.
“We continue to see growth in Product Engineering Services which grew steadily quarter on quarter, reaffirming that our core business continues to be strong,” said Dr. Anand Deshpande, Chairman and Managing Director, Persistent Systems. “We have strengthened and expanded our partnership with Dassault Systèmes and with our most recent acquisition of NovaQuest, we are extending PLM business across new industry verticals. IP revenue continues to grow steadily and we see tremendous business opportunities across all our focus areas in cloud computing, collaboration, analytics and mobility.”
Key Highlights: Revenue for nine months ended December 31, 2012 was US$ 175.71 Million, representing a Y-o-Y growth of 14.7%.Profit after Tax (PAT) for nine months ended December 31, 2012 was 1,357.33 Million, representing a Y-o-Y growth of 35%. IP-led business constitutes 17.1% of the revenue for nine months ended December 31, 2012.Utilization improved Q-o-Q by 1.8% to 79.5%.Acquired NovaQuest, a Product Lifecycle Management (PLM) and Search Based technology solutions company thereby entering into a strategic partnership with Dassault Systèmes to sell and offer support, maintenance and deployment services as an authorized VAR for Dassault Systèmes’ in the United States.Declared an interim dividend of 6 per share (Payout ratio 20.55%) for the Financial Year 2012-13, as against a total dividend of 6 per share (Payout ratio 19.67%) for the Financial Year 2011-12.
Other Highlights: Appointed Dr. Sridhar Jagannathan as the Chief Innovation Officer responsible for driving innovation in products, solutions and services.Delivered an innovative acceleration process enabling Voltage Security®, to provide solution upgrades and security alerts to their customers in record time.Unveiled “The Modern Enterprise App Development Lifecycle” a new enterprise application at the E2 Innovate 2012 Conference.Expanded presence in Australia by establishing an office in Sydney.
“We continue to see growth in Product Engineering Services which grew steadily quarter on quarter, reaffirming that our core business continues to be strong,” said Dr. Anand Deshpande, Chairman and Managing Director, Persistent Systems. “We have strengthened and expanded our partnership with Dassault Systèmes and with our most recent acquisition of NovaQuest, we are extending PLM business across new industry verticals. IP revenue continues to grow steadily and we see tremendous business opportunities across all our focus areas in cloud computing, collaboration, analytics and mobility.”
Key Highlights: Revenue for nine months ended December 31, 2012 was US$ 175.71 Million, representing a Y-o-Y growth of 14.7%.Profit after Tax (PAT) for nine months ended December 31, 2012 was 1,357.33 Million, representing a Y-o-Y growth of 35%. IP-led business constitutes 17.1% of the revenue for nine months ended December 31, 2012.Utilization improved Q-o-Q by 1.8% to 79.5%.Acquired NovaQuest, a Product Lifecycle Management (PLM) and Search Based technology solutions company thereby entering into a strategic partnership with Dassault Systèmes to sell and offer support, maintenance and deployment services as an authorized VAR for Dassault Systèmes’ in the United States.Declared an interim dividend of 6 per share (Payout ratio 20.55%) for the Financial Year 2012-13, as against a total dividend of 6 per share (Payout ratio 19.67%) for the Financial Year 2011-12.
Other Highlights: Appointed Dr. Sridhar Jagannathan as the Chief Innovation Officer responsible for driving innovation in products, solutions and services.Delivered an innovative acceleration process enabling Voltage Security®, to provide solution upgrades and security alerts to their customers in record time.Unveiled “The Modern Enterprise App Development Lifecycle” a new enterprise application at the E2 Innovate 2012 Conference.Expanded presence in Australia by establishing an office in Sydney.
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