New Delhi, Oct. 15 -- Persistent Systems share price surged more than 4% 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.

(more to come)

Published by HT Digital Content Services with permission from MINT....