Info-tech

Persistent Systems proposes 1:1 bonus

R Yegya Narayanan Coimbatore | Updated on March 13, 2018

The board of directors of software development and technology services company Persistent Systems Ltd today recommended issue of bonus shares in the ratio of 1:1.

The company has convened an Extra-Ordinary General Meeting (EGM) to seek shareholders’ approval for the same on February 26.

In the quarter ended December 31, 2014, the company’s income on a standalone basis was ₹323.99 crore (₹304.12 crore) and the net profit stood at ₹61.14 crore (₹60.42 crore). EPS for the quarter was ₹15.48 (₹15.51).

The company also declared an interim dividend of ₹10/share.

Shares of the Pune-based company had closed at ₹1,836.80 on the BSE on Friday.

Published on January 24, 2015

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