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NAGARRO ACQUISITION
Persistent Systems shares slide 5% despite Q2 revenue growth. Buy, sell or hold?Persistent Systems shares fell 5% despite 7.8% sequential constant-currency revenue growth in Q2FY27, as margin contraction and a sharp dec...- Dodging SaaSocalypse: AI’s enterprise moment could belong to IT servicesITC Infotech's merger with Happiest Minds highlights the trend of mid-market consolidation in response to AI advancements. The global IT ma...
- Persistent Systems buys additional stake to get 83.2% control of NagarroThe mid-sized Indian IT firm will delist Nagarro shares from trading on the stock market of the Frankfurt Stock Exchange.
- PE exits in tech services stretch thin as valuation gaps widenAnalysts said the valuations are getting more realistic with some estimating markdowns of up to 30-40% in 2026 over 2025, mirroring the mar...
- ITC Infotech to merge with Happiest Minds, buy 22% promoter stake for Rs 1,330 croreITC Infotech will merge with Happiest Minds Technologies creating a significant IT services entity. This merger aims to establish an AI-fir...
- Persistent Systems’ strong deal wins boost outlook, acquisition costs pose riskFollowing a major acquisition announcement, Persistent Systems stock has seen a remarkable rebound. In its latest June quarter results, the...
- Cash-rich IT firms turn to debt for acquisitions, buybacksIndian technology firms are increasingly leveraging borrowed funds for acquisitions and share buybacks to elevate revenues and align with i...
- Persistent Systems confident of bagging two more large deals; margins not a worry: CFOAmid investor concerns over profit margins, Teredesai said there are "no worries at all" on this aspect and the company will be able to mai...
- Instant help burn rises; TCS kicks off Q1 earningsInstant househelp startups are burning more cash to chase demand. This and more in today’s ETtech Morning Dispatch.
- Carnegie Fonder questions Persistent Systems' Nagarro acquisition, cites growth concernsIn an open letter on professional networking website LinkedIn, portfolio manager Gunnar Pahlson questioned the logic of paying a 140% premi...
- In key structural shift, debt becomes the big new vehicle as Indian IT goes deal-shoppingIndian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their traditional debt-free approach. Th...
- Inside Oyo’s FY26 profit; Gaming founders seek GST reprieveOyo parent Prism, which filed its updated IPO papers, reported a strong profit in the April-December period, courtesy of an unlikely source...
- Persistent's Nagarro deal faces near-term doubts, but long-term story stays strong: Piyush PandeyPersistent Systems' acquisition of Nagarro triggered an 11% stock drop, with investors worried about integration and margins. However, mark...
- Persistent CEO brushes off market rout, says Nagarro growth will reward investorsPersistent Systems' shares came under pressure on Monday with investor concerns over the deal's size, execution risks and the uncertainty a...
- Rs 8,350 crore crash in Persistent shares explained: Why investors are worried about Nagarro dealPersistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for €1.27 billion. While the deal...
- Persistent Systems shares slide 10% after Nagarro deal; Elara retains 'Sell' on growth, margin worriesPersistent Systems' shares dropped significantly following its announcement to acquire German digital engineering firm Nagarro for approxim...
- Persistent's Nagarro deal could be a near-term pain for long-term gainPersistent Systems is acquiring Nagarro SE for $1.3 billion, aiming for European expansion and reduced US market reliance. While strategica...
- Persistent Systems to acquire Nagarro; combined entity to generate $2.9 billion in annualised revenueIndian IT firm Persistent Systems is making a significant move by launching a takeover bid for German digital engineering company Nagarro S...
- Nagarro to expand global workforce by 4,500 in coming months"From 8,700 at the end of 2020 to 15,000 Nagarrians 14 months later - this shows how the global demand for digital engineering has translat...
- Nagarro Inc wins many US and European clients despite meltdownNagarro, Inc, a software services provider specializing in highly complex projects, has signed 24 (plus) US and European software product d...
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