Persistent Systems
Persistent Systems shares fall 5% after weak Q4 earnings miss
Mumbai/IBNS: Shares of Persistent Systems Ltd. declined around 5 percent on Wednesday after the company reported a weaker-than-expected fourth quarter performance, according to media reports.
Muted Q4 performance weighs on stock
Q4 earnings highlights
- Constant currency revenue growth stood at 3.4 percent, slightly below the estimated range of 3.5–4 percent
- EBIT margins came in at 16.3 percent, lower than the expected 16.9 percent
- Order booking for the quarter ended March 31, 2026, stood at $600.8 million in Total Contract Value (TCV) and $445.1 million in Annual Contract Value (ACV)
The broader Indian market also opened in the red despite a temporary easing of tensions in West Asia.
The BSE Sensex dropped 400 points at the opening bell, while the NSE Nifty 50 slipped below the 24,500 mark.
Losses deepened soon after, with the Sensex falling nearly 800 points and the Nifty declining over 200 points in early trade.
Trump extends Iran ceasefire deadline
The market reaction came even as US President Donald Trump announced an extension of his April 22 deadline related to a potential ceasefire involving Iran.
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