Persistent Systems’ strong deal wins boost outlook, acquisition costs pose risk
· economictimes.indiatimes.com
Following a major acquisition announcement, Persistent Systems stock has seen a remarkable rebound. In its latest June quarter results, the company reported robust revenue growth, boosting its future earnings outlook. However, upcoming costs linked to interest and wage hikes could pressure profit margins. As a result, investors can expect the stock to trade within a range influenced by the acquisition's financial effects.
ET Bureau A strong June quarter and sustained AI-led client wins have helped the stock rise 31% from its 52-week low
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