Quarterly Results Q2 FY21
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$136.09 M
Revenue
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+3.9%
Q-o-Q
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+8.4%
Y-o-Y
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.
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.
Partner Ecosystem
- Red Hat: Persistent Launches Center of Excellence Accelerating Hybrid Cloud Journey with Red Hat OpenShift
- AWS: Achieved AWS Service Delivery Designation for AWS Lambda
- Actifio: Actifio and Persistent Systems Announce Global Alliance to Help Enterprises Modernize Data Stacks, Accelerate Digital Transformation
Analyst Recognition
- ISG: Persistent wins prestigious 2020 ISG Star of Excellence™ Award, achieving highest customer experience scores of any company, as well as awards for BFSI, Healthcare and Life Sciences, North America and APAC
- ISG: “Top 15 Service Provider” in 2020 globally for 2nd consecutive quarter
- Forrester Wave: Persistent Systems was cited as a strong Performer for Digital Process Automation Service Providers, Q3 2020
Other News
- Persistent to acquire CAPIOT – strengthening MuleSoft, TIBCO and API-led integration capabilities
- Call for Code 2020: Organized Persistent Hackathon for Call for Code 2020 created by David Clark Cause with founding partner IBM
- Smart India Hackathon 2020: Co-organized the Software Edition of Smart School Hackathon 2020
- ACM-W India Women in Computing 2020: Persistent Systems co-organized the ACM-W India Celebration of Women in Computing 2020
Covid-19 Aid Efforts
- Persistent Affirms Commitment to its Communities, Donates more than $1/2M to North American charities in help against impact of COVID-19
- Donation to PM CARES Fund
- Donation to CM Relief Fund
- Financial Support provided for research on COVID-19 to IISER and for SERO Survey
- Financial support provided in treatment of COVID-19 patients at Deenanath Mangeshkar
Hospital and Sassoon Hospital, Pune - Support provided for establishment of COVID-19 care centre work at Swami Vivekananda
Medical Mission, Nagpur - Support provided for one month expenditure of 300 bedded COVID-19 centre for Pune
Municipal Corporation and Sahyadri Hospital, Pune
Quarterly Results for FY 2020-21 Results for Second Quarter Ended September 30, 2020
| Press Release | Analyst Call | Analyst Presentation and Fact Sheet | Financials |
|---|---|---|---|
| Press Release – Q2 FY21 | Analyst Call Transcript – Q2 FY21 | Analyst Presentation and Fact Sheet – Q2 FY21 | Persistent Systems – Consolidated Financials – Q2 FY21 |
| Analyst Call Recording – Q2 FY21 | Persistent Systems – Standalone Financial – Q2 FY21 | ||
| Detailed Financial Statements – Q2 FY21 |
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
QUARTER 4
- Press Release – Q4 FY20
- Analyst Call Transcript – Q4 FY20
- Analyst Call Recording – Q4 FY20
- Analyst Presentation and Fact Sheet – Q4 FY20
- Persistent Systems Standalone Annual Financials M20
- Persistent Systems Standalone Quarterly Financials
- M20 Consolidated Annual Financials M20.pdf
- Consolidated Quarterly Financials M20.pdf
- Regn 33 and 47 Financial Results Q4FY20.pdf
QUARTER 4
- Press Release – Q4 FY19
- Persistent Systems – Standalone Quarterly Financials M19
- Persistent Systems – Standalone Annual Financials M19
- Consolidated Quarterly Financials M19
- Consolidated Annual Financials M19
- AdMaterial – Q4 FY19
- Analyst Call Transcript – Q4 FY19
- Analyst Presentation and Fact Sheet – Q4 FY19
QUARTER 1
- Press Release – Q1 FY17
- Persistent Systems – Consolidated Financials – Q1 FY17
- Persistent Systems – Unconsolidated Financials – Q1 FY17
- Regn 33 and 47 – Financial Results Advertisement – Q1 FY17
- Unconsolidated Financial Results – Regn 33 – Q1 FY17
- Analyst Call Transcript – Q1 FY17
- Analyst Presentation and Fact Sheet – Q1 FY17
QUARTER 2
- Press Release – Q2 FY17
- Persistent Systems – Clause 41 – Consolidated – Q2 FY17
- Persistent Systems – Unconsolidated Financials – Q2 FY17
- Regn 33 and 47 – Financial Results Advertisement – Q2 FY17
- Unconsolidated Financial Results – Regn 33 – Q2 FY17
- Analyst Call Transcript – Q2 FY17
- Analyst Presentation and Factsheet – Q2 FY17
QUARTER 1
QUARTER 2
QUARTER 3
QUARTER 4
For analyst call transcripts, please write to investors@persistent.com