Analysts expect Persistent to sustain biz growth, raise FY23 EPS outlook

The stock’s outperformance follows the company’s sustained revenue momentum and improved operating margin, which has also prompted analysts to raise their earnings per share (EPS) estimates for FY23.Persistent’s revenue grew 5.8% sequentially to $255.6 million in the second quarter of the current fiscal year, marking it to be the sixth quarter where the revenue grew by over 5% sequentially. In the previous quarter, it had grown 11.1%.