Pune-headquartered IT firm Persistent Systems on Tuesday staged an overall strong financial performance for the second quarter of the current financial year. After the market hours, the Tier II IT company reported a consolidated net profit of Rs 471 crore for the quarter ended September 30 -- a 10.8 per cent rise over its net profit for the previous three months.

Its second-quarter revenue grew 7.4 per cent sequentially to Rs 3,581 crore, according to a regulatory filing.

Persistent Systems Q2 earnings vs estimates

Both top and bottom lines exceeded analysts' expectations.

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According to Zee Business research, Persistent was estimated to register a consolidated net profit of Rs 450 crore with revenue of Rs 3,531 crore for the fiscal second quarte

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