Persistent Systems , a global leader in digital engineering and enterprise modernization, has received approval for the transfer of Aepona Group Limited shares. This strategic move aims to streamline the company's corporate structure and enhance operational efficiency.

Key Details of the Share Transfer

• Transferor: Persistent Systems Inc. (PSI), USA (a wholly-owned subsidiary of Persistent Systems)
• Transferee: Persistent Systems Limited, India
• Entity Involved: Aepona Group Limited, Ireland (currently a step-down subsidiary)
• Outcome: Aepona Group Limited will become a Wholly Owned Subsidiary (WOS) of Persistent Systems Limited

Strategic Rationale

The Board of Directors approved this restructuring to achieve:

1. Entity rationalization within the group
2. Improved operational efficiency

Impact on Shareholding

Upon execution of the Share Purchase Agreement (SPA), 100% shareholding of Aepona Group Limited will be transferred from Persistent Systems Inc., USA to Persistent Systems Limited. This move is expected to simplify the company's organizational structure and potentially lead to more streamlined decision-making processes.

Financial Performance

While specific financial details of the transaction were not disclosed, Persistent Systems has reported strong financial metrics:

Regulatory Compliance

The company has stated that this restructuring will have no benefits to the promoter, promoter group, or group companies. This transparency aligns with good corporate governance practices and regulatory requirements.

Conclusion

This strategic move by Persistent Systems demonstrates the company's commitment to optimizing its corporate structure. The restructuring is expected to enhance operational efficiency and improve synergies across its global subsidiaries.

Persistent Systems , a leading global technology services company, has reported strong financial performance for the second quarter, surpassing analyst expectations. The company's Board of Directors approved the audited financial statements for the quarter and half year ended September 30, 2025, during a meeting held on October 14, 2025.

Key Financial Highlights

• Net Profit: ₹471.00 crore, up 14.8% from ₹410.00 crore in Q1
• Revenue: ₹3,580.00 crore, an increase of 7.5% from ₹3,330.00 crore in the previous quarter
• Analyst Estimates: Net profit of ₹436.00 crore and revenue of ₹3,521.00 crore

Financial Performance

Persistent Systems demonstrated robust growth in the quarter, with its consolidated net profit reaching ₹471.00 crore, marking a significant 14.8% increase from the previous quarter's ₹410.00 crore. This performance notably exceeded the analyst consensus estimate of ₹436.00 crore.

The company's quarterly revenue also showed strong momentum, climbing to ₹3,580.00 crore, up 7.5% from ₹3,330.00 crore in the previous quarter. This figure slightly surpassed the market expectations of ₹3,521.00 crore.

Segment-wise Performance

Persistent Systems' financial results reveal a balanced growth across its key business segments:

The Banking, Financial Services and Insurance (BFSI) sector led the growth with a 10.2% quarter-on-quarter increase, followed by Healthcare & Life Sciences at 7.1%, and Software, Hi-Tech and Emerging Industries at 5.3%.

Additional Information

The company has made both consolidated and standalone financial statements available on its website. The approval of these financial statements was communicated to BSE Limited and National Stock Exchange of India Limited through a formal notification signed by Company Secretary Amit Atre.

Conclusion

Persistent Systems' Q2 results demonstrate the company's ability to deliver strong growth and profitability. The significant beat on both revenue and profit estimates underscores the company's robust business model and effective execution of its growth strategies. As the technology services sector continues to evolve, Persistent Systems appears well-positioned to capitalize on emerging opportunities and maintain its growth trajectory.