Persistent Systems Reports
$129.43 Million Revenue,
3.1% Q-o-Q Growth
for Q3FY20

Persistent Systems Reports $125.5 Million Revenue, 4.9% Q-o-Q Growth For Q2FY20


Christopher O’Connor

Christopher O’Connor

CEO & Executive Director, Persistent Systems

“This quarter, we saw the validation of our new go-to-market approach, starting in BFSI with our largest deal of the quarter. By designing and delivering a composable digital mosaic for all of our industry and technology categories, we accelerate time to value for our clients and increase business agility. At its core, this strategy combines Persistent’s deep industry and solution expertise with a flexible, open partner ecosystem, tailored to each client. Our unique boutique-at-scale approach and capabilities radically reduce two core challenges organizations face in transforming into a modern digital enterprise; complexity of choice and integration.”


Sandeep Kalra

Sandeep Kalra

Executive Director & President — Technology Services Unit, Persistent Systems

“In Technology Services Unit (TSU), we saw a secular growth across BFSI, Healthcare & Life Sciences and ISVs as well as uniformed growth across our top 20 customers.”

Quick Links

Key Wins During the Quarter

Banking, Financial Services and Insurance
Significant Client Advances

  • Development of next generation bot-based intelligent platform for enhanced experience for retail banking and home lending applications for one of the largest banks, based in the US
  • Development of Salesforce-based integration adaptors and application development for a US-based financial institution
  • Critical support of enhanced access certification process and identity management user experience for one of the largest US banks
  • Development of key tools for Europe’s leading banking software provider for their core banking software product
  • Implementation of cloud-based digital core banking solution for a large private bank in Asia Pacific region
  • Implementation and development of Outsystems-based low-code rapid application for a leading Indian general insurance company

Significant Partner Advances

Healthcare & Life Sciences

  • Creation of methodology, model & roadmap for application portfolio rationalization for one of the largest pharmaceutical companies in the world
  • End-to-end ownership of engineering, testing, system administration, and operational support for a leading US HMO health plan


  • Migration from a ‘one tool-centric’ solution to a collaborative system engineering platform for a top European aerospace company
  • Deployment of new entitlements, ensuring compliance for a French multinational electrical retailing company
  • Enterprise-wide implementation of IBM ELM software for a European heavy vehicle manufacturer
  • API Monetization Platform upgrade by a major telecom operator based in the US

ISV & Emerging Vertical

  • Implementation of Einstein Analytics, a Salesforce-based AI solution, replacing legacy reporting tool for a leader in hair transplant and restoration services
  • Implementation of a software defined networking & network functions virtualization solution for a leading telecom carrier in Malaysia
  • Product Engineering engagement to build AI-powered learning and score improvement platform for one of India’s leading eLearning start-ups

Quarterly Results

Results for Third Quarter Ended December 31, 2019

Quarterly Results for FY 2019-20

Results for Second Quarter Ended September 30, 2019

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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