Strong deal momentum to keep Street hooked on to Persistent

The key business vertical of hi-tech and emerging industries, where the revenue growth has been sluggish over the past few quarters, is likely to show a turnaround given the new deal wins. The company’s management also expects to improve the operating margin in the second half of the fiscal year with rising utilisation levels.

More To Explore

Asian stocks decline as Fed rate cut bets wane

Asian stocks declined following mixed US inflation data, leading traders to reduce bets on Federal Reserve interest rate cuts. Concerns about persistent inflation were reinforced