In a separate filing, Persistent Systems informed that its board on Saturday declared an interim dividend of Rs7 per share on the face value of Rs10 each for FY 2017-18. New Delhi: IT firm Persistent Systems Ltd on Saturday reported a 11.94% increase in its consolidated net profit to Rs91.67 crore for the third quarter ended December. Its total income rose 4.35% to Rs811.16 crore during the quarter under review as against Rs777.33 crore in the corresponding quarter a year ago. We observe that businesses are using machine learning and artificial intelligence on the cloud to redefine themselves to become software driven,” Persistent Systems chairman and managing director Anand Deshpande said. Persistent Systems’ total expenses increased 4.35% to Rs693.65 crore as compared to Rs665.55 crore.

Source: Mint January 27, 2018 14:03 UTC