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Persistent growth continues, but rising acquisition costs could impact overall profitability for businesses

ET Intelligence Group: The stock of Persistent Systems has gained 31% from the 52-week low at the end of June after the mid-tier IT exporter announced the $1.4 billion acquisition of Germany based Nagarro. The BSE Infotech index has gained 10% during the period. The rebound in Persistent's stock can be attributed to Persistent's sustained focus on AI-driven client engagements and a better than expected June quarter result. Apart from a strong sequential revenue growth, the company booked a mult…

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Economic TimesLean R·1h ago
Persistent growth continues, but rising acquisition costs could impact overall profitability for businesses
ET Intelligence Group: The stock of Persistent Systems has gained 31% from the 52-week low at the end of June after the mid-tier IT exporter announced the $1.4 billion acquisition of Germany based Nagarro. The BSE Infotech index has gained 10% during the period. The rebound in Persistent's stock can be attributed to Persistent's sustained focus on AI-driven client engagements and a better than expected June quarter result. Apart from a strong sequential revenue growth, the company booked a mult…
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Persistent growth continues, but rising acquisition costs could impact overall profitability for businesses

How 1 sources are covering this

Persistent growth continues, but rising acquisition costs could impact overall profitability for businesses

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