Persistent Systems misses estimates, posts 39% profit growth, revenue up 22%

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Revenue, which increased 21.8% YoY and 2.8% quarter-on-quarter (QoQ) to Rs 3,335.9 crore, was supported by growth in its banking, financial services & insurance (BFSI) at 30.7% YoY, and software, hi-tech & emerging industries verticals at 14.1% YoY increase. Healthcare and life sciences also grew by 12.4%, its filings showed.