{"id":10538,"date":"2017-01-13T17:05:27","date_gmt":"2017-01-13T11:35:27","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=10538"},"modified":"2017-01-13T17:05:27","modified_gmt":"2017-01-13T11:35:27","slug":"persistent-systems-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/persistent-systems-ltd\/10538","title":{"rendered":"Persistent Systems Ltd"},"content":{"rendered":"<p><strong>Creating niche by digital transformation\u2026<\/strong><\/p>\n<p>Incorporated in 1990, Persistent Systems (Persistent) provides product\u00a0engineering services, platform based solutions and IP-based software\u00a0products to its customers. It operates in two key segments viz; Services\u00a0(~79% of overall revenue in FY16) and IP Led (~21%). The services\u00a0business is further bifurcated into ISVs (52%) and Enterprise (~26%).<\/p>\n<p><strong>View &amp; Valuvation<\/strong><\/p>\n<p style=\"text-align: justify;\">Persistent\u2019s improving business mix with focus on enterprise\u00a0digital transformation and IoT coupled with its strong engineering capability and\u00a0early adoption of SMAC technology lends confidence on sustainability of growth\u00a0trajectory going forward. Further, its enhanced focus on IP business will not only\u00a0drive earnings but also provide a strong competitive edge over peers. Hence, we\u00a0expect revenue\/PAT to grow at a CAGR of 16%\/11% over FY16-19E. We initiate\u00a0Persistent with a BUY rating with a TP of Rs709 at 14x FY19E EPS.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/01\/Research-Report-Persistent-Systems-Ltd.pdf\">Research Report Persistent Systems Ltd<\/a><\/p>\n<p><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n<p><i>\u00a0<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Creating niche by digital transformation\u2026 Incorporated in 1990, Persistent Systems (Persistent) provides product\u00a0engineering services, platform based solutions and IP-based software\u00a0products to its customers. It operates in two key segments viz; Services\u00a0(~79% of overall revenue in FY16) and IP Led (~21%). The services\u00a0business is further bifurcated into ISVs (52%) and Enterprise (~26%). View &amp; Valuvation Persistent\u2019s [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Persistent Systems Ltd<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Persistent Systems Ltd. On FundsIndia Marketplace\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/persistent-systems-ltd\/10538\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Persistent Systems Ltd\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on Persistent Systems Ltd. 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