After a 50% rally, revenue visibility just got better for this IT stock

The momentum is expected to continue given the traction in its digital offerings.

Synopsis

In line with bigger peers, Persistent showed a strong topline growth and margin improvement in the third quarter. Revenue grew by 7.4% sequentially to $146.2 million.

The stock of Persistent Systems has gained nearly 53% over the past three months. Of this, over 18% was clocked in the seven trading sessions since its third quarter result on January 28. The mid-tier software exporter reported improved order booking and better operating margin despite salary increases during the quarter. The momentum is expected to continue given the traction in its digital offerings.In line with bigger peers, Persistent showed

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