New Delhi, Oct. 15 -- Persistent Systems share price surged more than 7% during Tuesday's trading session, following robust results for the September quarter. The company recorded a 45% year-over-year rise in net profit for the September quarter, exceeding analysts' expectations.

With a net profit of Rs.471.4 crore, which was 10.9% higher compared to the previous quarter, driven largely by a reduction in software license costs for one client and gains from foreign currency, according to chief executive officer Sandeep Kalra, as per reports.

Revenue grew by 23.5% year-over-year and 7.3% quarter-over-quarter, reaching Rs.3,580.7 crore, fueled by a 30% y-o-y increase in the banking, financial services, and insurance (BFSI) segment, as well...