Persistent Systems , a leading technology services company, has reported a significant increase in its CEO's compensation package alongside robust financial results for the fiscal year.

CEO Compensation Surge

Sandeep Kalra, the Chief Executive Officer of Persistent Systems, received a total compensation of ₹148.00 crore for the fiscal year, marking a substantial 93% increase from the previous year. Notably, 90% of this compensation came in the form of stock options, aligning the CEO's interests with the company's long-term performance and shareholder value.

Strong Financial Performance

The company's financial results reflect a period of sustained growth:

• Net Profit: Increased by 25% to $166.00 million
• Revenue: Reached $1.40 billion
• Growth Streak: Marked 20 consecutive quarters of growth

This performance underscores Persistent Systems' consistent execution and strong market position in the technology services sector.

Future Outlook

Persistent Systems has set an ambitious target to reach $2.00 billion in revenue by FY27, demonstrating confidence in its growth trajectory and market opportunities.

Financial Highlights

The significant increase in CEO compensation, particularly the heavy weighting towards stock options, reflects the board's confidence in Kalra's leadership and aligns with the company's strong financial performance. As Persistent Systems continues its growth journey, stakeholders will be watching closely to see if this investment in leadership translates into sustained long-term value creation.

Persistent Systems Ltd., a prominent player in the IT sector, has demonstrated remarkable growth, delivering an astounding 1,962.71% return over the past five years. The company's stock has continued its upward trajectory, registering a 54.5% gain in the current year.

Stock Performance

In the latest trading session, Persistent Systems' stock closed at Rs 5,965.50, marking a 0.33% increase. This performance underscores the company's strong market position and investor confidence.

Q4 Financial Highlights

Persistent Systems has reported impressive financial results for the fourth quarter:

The company's revenue reached Rs 3,242 crore, representing a solid 5.9% quarter-over-quarter (QoQ) growth. Net profit also saw a healthy increase, rising to Rs 396 crore, up 6.1% QoQ.

Improved Profitability

Notably, Persistent Systems has shown improvement in its profitability metrics. The EBIT (Earnings Before Interest and Taxes) margin expanded to 15.6% from 14.9% in the previous quarter, indicating enhanced operational efficiency and cost management.

This robust financial performance, coupled with the significant long-term stock appreciation, highlights Persistent Systems' strong market position and consistent value creation for its shareholders in the competitive IT landscape.