Persistent to Hold AGM on July 16 to Discuss Dividend Amount
Persistent has announced that it will hold its 34th AGM on July 16 to discuss the dividend amount and financial statements for the year ending March 31, 2024.
by Damodharan N
Updated Jun 21, 2024
Table of Content
Persistent Systems Limited has announced that its 34th Annual General Meeting (AGM) will convene on Tuesday, July 16, 2024, at 1600 Hrs. (IST). The meeting will take place at Persistent Systems Limited, Dewang Mehta Auditorium, ‘Bhageerath’, Pune, India, allowing both in-person attendance and participation through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).
Key agenda items include the adoption of the Audited Standalone and Consolidated Financial Statements for the fiscal year ending March 31, 2024. The company will also seek approval for the payment of an Interim Dividend of ₹16 per equity share and a Final Dividend of ₹10 per equity share for the Financial Year 2023-24.
Additionally, shareholders will vote on the re-appointment of directors and amendments to the Persistent Employee Stock Option Scheme 2014 (PESOS 2014).
Read the full agenda here of the AGM here.
Persistent Annual Report 2023-24
Persistent Systems has released its Annual Report for the fiscal year 2023-24, highlighting significant achievements driven by resilience and innovation. The company reported robust FY24 revenue of $1.186 billion, marking 16 consecutive quarters of growth.
With a strong foundation built on strategic investments and continuous innovation, Persistent Systems continues to deliver value to clients and investors alike. As an AWS Premier Partner with over 12 years of experience.
Persistent leverages a team of 2,500+ experts to offer a wide range of services including Application Migration, AI and Machine Learning, Data and Analytics, Cloud Native Development, and Security Solutions. The report underscores Persistent's commitment to resilience, excellence, and future-ready solutions through strategic partnerships with leading technology providers.
|
Metric |
Amount |
|
FY24 Q4 Revenue |
$310.9M |
|
FY24 Revenue |
$1,186.0M |
|
FY24 Q4 Annual Contract Value (ACV) |
$316.8M |
|
FY24 Annual Contract Value (ACV) |
$1,296.7M |
|
FY24 Q4 PAT (Profit After Tax) |
$3.2B |
|
FY24 PAT (Profit After Tax) |
$10.9B |
|
Market Capitalisation |
$7.3B* |
|
Employees |
23,850 |
*Note: Market Capitalisation is as of FY24.
Read the full report here
Persistent
Persistent Systems, a company that started in India in 1990, has grown into a major global player in digital engineering and enterprise modernization. Today, they operate in 15 countries, offering deep technical expertise and industry experience to help clients prepare for the future.
Specializing in various sectors such as banking, insurance, healthcare, life sciences, industrial, software, telecom, media, and consumer tech, Persistent Systems provides tailored solutions that give their clients a competitive edge.
Their services include digital strategy and design, software product engineering, customer experience transformation, cloud and infrastructure management, intelligent automation, enterprise IT security, data analytics, application development, and enterprise integration.
Persistent to hold AGM on July 16 to Discuss Dividend Amount - FAQs
1. What does Persistent Systems do?
Persistent Systems provides digital engineering and enterprise modernization solutions across various industries worldwide.
2. Where is Persistent Systems based?
Persistent Systems is headquartered in Pune, India, and operates in 15 countries globally.
3. What services does Persistent Systems offer?
They offer services including digital strategy, software engineering, customer experience transformation, cloud management, automation, IT security, data analytics, and application development.
4. How has Persistent Systems performed financially?
In FY24, Persistent Systems reported revenue of $1.186 billion with strong year-over-year growth.
5. When is Persistent Systems' next Annual General Meeting (AGM)?
Persistent Systems' 34th AGM is scheduled for July 16, 2024, to discuss financial statements and dividend payments for the fiscal year ending March 31, 2024.