Persistent Systems Reports
$119.62 Million Revenue
for Q1FY20

Persistent Systems Quarterly Results

Quote from Dr. Anand Deshpande

Christopher O’Connor

Christopher O’Connor

CEO & Executive Director, Persistent Systems

In my first quarter at the company, we found our fundamentals are sound as evidenced by our key wins, outstanding client satisfaction and our total team strength crossing 10,000 employees, a first in our company history. Our focus remains on sustained profitable growth.

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Business Highlights and Awards

  • Persistent Systems hosted IBM’s #CallforCode hackathon on June 21 2019
  • Persistent Systems launches a green initiative to plant 10,000 trees to celebrate crossing 10,000 employee milestone

Key Wins during the Quarter

  • End-to-end implementation of Salesforce at a leading Indian bank
  • Rejuvenation of multiple applications related to income tax returns, entity lifecycle, capital call and compliance for one of the largest world’s biggest private equity firms
  • Complete product engineering ownership for a leading encryption hardware manufacturer for solutions securing emerging technologies such as cloud, IoT, and blockchain
  • Customer relationship analytics solution using Salesforce to deliver insights into sales, marketing, and services for a leading medical device company
  • Managed services engagement on AWS for a leading healthcare cloud computing and information security solutions provider
  • Continuous Engineering and Collaborative Lifecycle Management licensing engagement for a global automotive supplier headquartered in France
  • Extension of an ongoing Continuous Engineering and Collaborative Lifecycle Management licensing engagement for the biggest provider of information and data services to Britain’s gas market
  • Product Lifecycle Management licensing engagement for the world’s third-largest materials handling systems supplier

Quarterly Results

Results for First Quarter Ended June 30, 2019

Previous Quarterly Results

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Financial Results

Comparative Analysis: 5 year CAGR now at 15.2%

Corporate Governance

Ethical Practices at Persistent Systems


Shaping the future of software driven business – 2018-19

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