PERSISTENT SYSTEMS REMAINS PERSISTENTLY PROFITABLE

Despite headwinds in the IT sector, the company, with its deep expertise and technological innovations, has remained ahead of its peers and can claim to have robust orders in the pipeline

- 

Persistent Systems Limited is a multinational corporation that specialises in software products, services and technological innovation. The company provides complete product lifecycle services and delivers services at all stages of the product lifecycle, allowing it to work with a diverse range of customers and develop, enhance and deploy its customers’ software products. The company was formed on May 30, 1990, and on September 17, 2007, it was converted to a public limited company with its name changed to Persistent Systems Limited.

The company has extensive experience in telecommunications, life sciences and infrastructure and systems. The company has a global presence in 17 countries, including India, Australia, Canada, Germany and Japan. It collaborates with IT behemoths such as AWS, IBM, Salesforce, Red Hat, Microsoft, Appian, Google, Snowflake, Workato, and others. Persistent Systems was named the leader in customer and delivery excellence in BFSI, HCLS, North America and APAC in 2020. The company’s strategic investments in cutting-edge technologies such as cloud, data and artificial intelligence have helped to strengthen its position in the digital engineering space.

Its acquisitions of Media Agility and Data Glove have helped it strengthen its industry-specific capabilities, including hyper scaled offerings, as well as its emerging technology offerings. This, combined with its strong presence in BFSI, enterprise and consumer software and health technology has helped it cement its leadership position in Zinnov Zones’ 2022 ER and D services ratings. Recently, the company also collaborated with Microsoft to accelerate its growth and leverage Microsoft technologies for richer employee engagement, faster decision-making and the development of innovative industry solutions.

Sector Overview