29-Jun-2026 10:11:12
Persistent Systems Slides 8% as Nagarro Deal Divides Brokerages
Persistent Systems shares fell nearly 8% after announcing its €81-per-share acquisition of Germany's Nagarro, as investors weighed the risks of the company's biggest overseas deal. While analysts praised the acquisition's strategic benefits, including creating a $2.9 billion AI-led engineering company with a stronger European presence, some brokerages flagged concerns over integration risks, higher debt and near-term earnings pressure. The mixed brokerage views triggered profit booking despite expectations of significant long-term growth and global market expansion.