Persistent Systems Annual Report 2019

Shaping the future of software driven business

Annual Report 2018-19

In the midst of a transformation, our customers are evolving their business personalities in endless combinations. Every business, Persistent Systems being no exception, is constantly exploring ways to act and operate differently from the past. This ranges from new business models, new ways of engaging customers, to highly simplified and automated ways of getting work done.

As we enter our fiscal year 2020, we continue to evolve the ideas we have shared in previous years. The navigation of value continues, and the technology shifts have now progressed to the point of business differentiation provided by elegant compositions of technology. Through all this transformation, global enterprises and the ISVs of the world continue to use basic building blocks of technology that has by now moved to the digital frontier. These building blocks enable entire industries to think in new paradigms of how their business digitally projects new personalities to all their constituents.

From the Chairman’s Desk

Dr. Anand Deshpande

Founder, Chairman and Managing Director

Message from the CEO

Christopher O’Connor

Executive Director and Chief Executive Officer

Overview of Financial Performance

Total revenue FY19

Profir after tax FY19

Earnings per equity share FY19

Technology and Industry Focus

Software Product Engineering

Banking, Financial Services and Insurance

Healthcare and Life Sciences

Industrial

AI, ML and Data

Cloud Services

Identity, Access and Security

Awards and Recognitions

IBM Innovation Award for Humanoid Concierge Solution Using Watson IoT

Recognized as an Innovator in Avasant’s Internet of Things Services RadarView™ Report

Positioned as ‘Rising Star’ for Salesforce Professional Services in ISG Provider Lens™ 2019 Report

Recognized in the Winner’s Circle by HFS Blueprint Report for Software Product Engineering Services

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