Also Read: Persistent Q2 net rises 36% to Rs 61 cr on strong IP biz
In terms of dollar revenue growth, he expects to do better than last year and beat the Nasscom guidance.
Below is the verbatim transcript of Rohit Kamat's interview on CNBC-TV18
Q: It was a very solid quarter for you, the quarter gone by because of good margin expansion that you have seen, can you tell us whether the second half of the year will see an equally good performance, sustenance of these margins and if yes, what would be the triggers that would lead to that?
A: The second half also we are expecting good growth of revenue and growth of margins but typically we would have some impact of vacations coming in and currency also we could see some adverse impact. Subject to that we should be able to maintain the growth and margins.
Q: EBIT level can we pencil in 20 percent?
A: Difficult to say that because there are various moving parts like currency, last time the IP revenue has helped us so IP revenues are typically seasonal, could be variable quarter-on-quarter (Q-o-Q).
Q: What is the IP led business as a percentage of your total sales and what will it be in the second half?
A: Last quarter it was around 20 percent and we have always said that IP revenues would be lumpy in nature so they could range between 18-20 percent in this quarter.
Q: In the first half of the year you have done a dollar revenue growth of about 14.5 percent which is higher than what the Nasscom guidance is, for the full year what kind of growth do you think you will be able to do on the topline?
A: We should be able to do better than that. We have not given a formal guidance but on full year basis, we should be able to do better than last year as well as the number which Nasscom has indicated.
Persistent stock price
On November 22, 2013, at 14:14 hrs Persistent Systems was quoting at Rs 871.05, up Rs 26.15, or 3.10 percent. The 52-week high of the share was Rs 876.50 and the 52-week low was Rs 461.50.
The company's trailing 12-month (TTM) EPS was at Rs 57.52 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 15.14. The latest book value of the company is Rs 251.51 per share. At current value, the price-to-book value of the company is 3.46.
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