Persistent’s revenue grew by 11.1% sequentially to $ 241.5 million in June quarter. The acquisition of US-based companies, including Data Glove in February and MediaAgility in May, contributed over half of the topline growth.
Benchmark BSE Sensex dropped 72 points as IT shares retreated. Swiggy fell 1.2%, RVNL gained 0.8%, and TVS Motor declined 1.5%. Analyst Viral Chheda advises
The widening yield spreads between corporate bonds and U.S. Treasuries signal growing investor concerns over a potential recession and a global trade war.
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