Title

Quarterly Results Q2 FY21

  • $136.09 M

    Revenue

  • +3.9%

    Q-o-Q

  • +8.4%

    Y-o-Y

It is tremendously gratifying that as we celebrate our 30th anniversary, we see renewal and rejuvenation of the energy and ingenuity that are hallmarks of Persistent. We hit significant milestones, for the first time ever exceeding ₹1000 Crore in revenue and ₹100 Crore in profit in one quarter. The growth we see across our business is the result of a shared passion through all of Persistent for innovation and helping our clients not just meet but exceed their business expectations. We are looking forward to the next phase of our growth journey, as Sandeep Kalra takes over the CEO role. I wish him all the best and look forward to continuing to work with him on the future of Persistent.

Dr. Anand Deshpande, Founder, Chairman and Managing Director, Persistent Systems

We delivered yet another strong quarter on the back of our strong Q1. Our continued focus on delivery excellence and expanding the value of our expertise across our accounts were the key drivers for this growth. Winning the 2020 ISG Star of Excellence speaks volumes about the strength of our strategy and client focus, as the award is based directly on client feedback. The trust placed in me by the board and Anand to be the CEO inspires me to lead the team to continued new heights and advance Persistent’s growth and leadership in the market.

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems

Second Quarter FY21 Client Wins and Outcomes
Banking, Financial Services and Insurance
  • Improving agile maturity for a tax technology leader, including setting up of a Global Technology Center to deliver product modernization and support.
  • Supporting KYC initiatives as well as partnering in business continuity planning for a banking consortium in Europe.
  • Implementing, supporting and maintaining 18 retail lending products for India based bank.
Healthcare & Life Sciences
  • Modernizing applications leveraging cloud and microservices for US-based pharma and equipment company.
  • Developing engagement platform, using Salesforce, for remote monitoring of organ transplant patients’ health metrics for leading precision medicine company.
Industrial
  • Driving new product acquisition and integration opportunities through robotic process automation for one of the world’s top ten technology companies.
  • Reducing cost and downtime with IBM Engineering Lifecycle Management managed services for one of the US’s largest farm bureaus.
  • Reducing product development time with improved collaboration and data exchange with key suppliers for major US aircraft manufacturer.
Software and Hi-Tech
  • Establishing a Global Technology Center to expand data and analytics capabilities and to provide engineering and support for flagship offerings for global media solution provider.
  • Setting up global operation center to monitor and manage massively scalable and highly available offering of US-based global data management company.
  • Modernizing and rearchitecting flagship product from legacy to modern component-based architecture for US-based multi-national medical technology company.
Covid-19 Aid Efforts

Results for First Quarter Ended June 30, 2020
Press Release Analyst Call Analyst Presentation and Fact Sheet Financials
Press Release – Q1 FY21 Analyst Call Transcript – Q1 FY21 Analyst Presentation and Fact Sheet – Q1 FY21 Persistent Systems – Consolidated Financials – Q1 FY21
Analyst Call Recording – Q1 FY21 Persistent Systems – Standalone Financial – Q1 FY21

Previous Quarterly Results

Contact us

You can also email us directly at info@persistent.com.

You can also email us directly at info@persistent.com