Persistent Systems Reports
5.9% growth in revenue for FY20, crosses a half billion-dollar milestone

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

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Christopher O’Connor

Christopher O’Connor

CEO & Executive Director, Persistent Systems

“We closed FY20 very strong, for the first time in Persistent’s history crossing the half billion-dollar mark in revenue. We had particular strength in our Technology Services Unit, which delivered a robust quarter driven through solid expansion. We continued a strong expansion of new logos across the business. While Covid-19 is presenting challenges, it is also unearthing business opportunities as every organization now understands that the status quo is not a viable option. Our prescient adoption of cloud technologies internally allowed us to enable more than 99% of our employees to work from home within the first week. This helped us ensure business continuity for our customers. This is a testament of the dedication, spirit and values of everyone here at Persistent.”

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Sandeep Kalra

Sandeep Kalra

Executive Director & President — Technology Services Unit, Persistent Systems

“We saw secular growth across our top customers, in particular across BFSI and Software & Hi-tech industry segments. We’re delivering differentiated value to our clients by anticipating what they need beyond their current requirements, tapping the best expertise from across Persistent. This combined with our continued recognition by industry analysts including Zinnov, ISG and Constellation is leading to positive traction in new and existing accounts and increased deals, deal sizes.”

Quick Links

Highlights of Q4FY20

Client Wins & Outcomes

Recognition and Other News

Quarterly Results

Results for Fourth Quarter Ended March 31, 2020

Quarterly Results for FY 2019-20

Results for Third Quarter Ended December 31, 2019

Results for Second Quarter Ended September 30, 2019

Results for First Quarter Ended June 30, 2019

Previous Quarterly Results

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