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Persistent growth continues, but rising acquisition costs could impact overall profitability for businesses

Following a major acquisition announcement, Persistent Systems stock has seen a remarkable rebound. In its latest June quarter results, the company reported robust revenue growth, boosting its future…

  • Persistent Systems acquired Nagarro for $1.4 billion, driving stock surge
  • AI-driven engagements and Q2 results boost stock value 31%
  • Higher acquisition costs and interest expenses may impact profitability

Japanese Market Notably Higher

(RTTNews) - The Japanese market is trading notably higher on Friday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight.

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