Persistent Systems Ltd
NSE:PERSISTENT

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Persistent Systems Ltd
NSE:PERSISTENT
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Price: 6 090.9 INR 2.18% Market Closed
Market Cap: 933.4B INR

Persistent Systems Ltd
Investor Relations

Persistent Systems Ltd. has carved a distinctive niche in the global technology landscape, evolving from a robust IT service provider to a formidable force in digital transformation. Originally founded in 1990, Persistent distinguished itself through a focus on software development and technology consulting, gradually expanding into specialized IT services. Its primary strength lies in crafting customized software solutions and providing strategic IT consulting services targeting industries like healthcare, banking, and telecommunications. They embrace a solution-driven approach, aiding enterprises in adopting cutting-edge technologies like cloud computing, artificial intelligence, and big data analytics. This commitment to technological innovation is evident in their collaborative partnerships with tech giants such as IBM, Salesforce, and Microsoft, further augmenting their market presence and enabling them to deliver value-added services.

The company’s revenue model is rooted in a dual strategy: providing bespoke services alongside recurring revenue streams from long-term contracts and licensing. Persistent Systems generates revenue by partnering with global clients to solve complex business problems through tailor-made software applications, thereby achieving enhanced operational efficacy for clients. Their value proposition is anchored in delivering technological scalability and agility, which in turn results in improved client satisfaction and retention. Additionally, by investing in research and development, they continually innovate their service offerings, ensuring they remain at the forefront of technology trends. Through an intimate understanding of rapidly evolving technology landscapes, Persistent Systems Ltd. thrives by transforming technological challenges into profitable opportunities for both themselves and their clients.

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PERSISTENT
BSE Sensex 30

Earnings Calls

2025 Q2
Oct 22, 2024
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Persistent Systems Achieves Strong Revenue Growth Amid Marginal Margin Pressures
2025 Q2
Oct 22, 2024

Persistent Systems reported impressive Q2 FY '25 results, with an 18.4% year-on-year revenue growth reaching $345.5 million. The EBIT margin held steady at 14%, despite wage hikes impacting margins by 2.1%. New bookings contributed significantly, with a total contract value of $529 million. The healthcare sector led growth at 71.2%. The company anticipates margin improvements in subsequent quarters, aiming for a revenue target of $2 billion by FY '27. Additionally, the completion of strategic acquisitions continues to enhance their AI capabilities, positioning Persistent as a key player in the market.

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Management

Dr. Anand Suresh Deshpande Ph.D.
Founder, Chairman & MD
No Bio Available
Mr. Sandeep Kumar Kalra
CEO & Executive Director
No Bio Available
Mr. Amit Murari Atre
Company Secretary & Compliance Officer
No Bio Available
Mr. Sunil Sapre
Executive Director
No Bio Available
Mr. Vinit Ajit Teredesai
Chief Financial Officer
No Bio Available
Ms. Dhanashree Ajit Bhat
Chief Operating Officer
No Bio Available
Sachin Dewasthalee
Group Head of Corporate Finance
No Bio Available
Dr. Pandurang Kamat
Chief Technology Officer
No Bio Available
Mr. Debashis Singh
Chief Information Officer
No Bio Available
Mr. Jayant Konde
Chief Administrative Officer
No Bio Available

Contacts

Address
MAHARASHTRA
Pune
402 E, Bhageerath, Senapati Bapat Road, Shivajinagar
Contacts
+912067030000
www.persistent.com