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Axis Securities Report
Persistent Systems Ltd. reported robust deal wins in FY22 with new large deals totalling $1.2 billion, manifesting its deep client engagement throughout the year.
The company reported industry-leading revenue growth of 36% in FY22. It also reported healthy expansion in its operating margins, driven by higher offshoring, efficient utilisation, lower attrition, and a superior service mix.
In view of robust deal wins, Persistent Systems has proved to be a better service provider in the field of independent software vendor, product development, customer experience, and other digital services.
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