Persistent Systems Reports 24.5% INR Revenue Growth for FY17, Recommends Final Dividend of INR 3.00 per share

Quick Highlights of Quarterly Results

INR 28,784.39M
FY17 Revenue

24.5%
YoY Growth (INR)

USD 429.01M
FY17 Revenue

22.0%
YoY Growth (USD)

Business Highlights and
Recognitions

  • Teamed with Partners HealthCare on new industrywide digital platform with a goal of bringing digital transformation to clinical care
  • Granted Development Rights by USAA, a FORTUNE 500® financial services provider, to patented innovations related to security in financial services
  • Inaugurated new delivery centers in Raleigh – USA, Guadalajara – Mexico and Rehovot – Israel
  • Featured in HfS Blueprint Report: Salesforce Services 2017 for our fast growth in Salesforce practice with a focus on healthcare
  • New partnership with low-code software development platform, OutSystems strengthens partner ecosystem for digital, data, and IoT; in addition to recently announced partnerships with Amazon Web Services and with MuleSoft
  • Co-organised the Smart India Hackathon 2017, in conjunction with All India Council for Technical Education (AICTE) under the aegis of Ministry of Human Resource Development (MHRD) led by Hon’ble Minister Shri Prakash Javadekar. Hon’ble Prime Minister, Shri Narendra Modi interacted with the participants of the hackathon.

Key Wins

  • Selected by a US based global automotive supplier to enable its global deployment and configuration of IBM Watson IoT tools for the automotive industry
  • Chosen for digital transformation of franchisee management by a major US fast-food chain on the basis of solutions IP and expertise on the Appian platform
  • Selected as a strategic partner for a digital transformation program by a large US based biotech & life sciences customer
  • Large multi-year engagement with one of the largest technology companies for a data security product development and rejuvenation

Awards and Recognition

Digital and IoT, enabled by enterprise data integration, together define the building blocks for a software driven business. We see this as an important nexus of technologies for the future. We have been making significant investments to form partnerships, build solutions and accelerators, as well as frameworks for enterprises to become software-driven. Recent partnerships with USAA and Partners HealthCare are examples of our strategy in action.

Dr. Anand Deshpande

Chairman and Managing Director, Persistent Systems

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Digital and IoT, enabled by enterprise data integration, together define the building blocks for a software driven business. We see this as an important nexus of technologies for the future. We have been making significant investments to form partnerships, build solutions and accelerators, as well as frameworks for enterprises to become software-driven. Recent partnerships with USAA and Partners HealthCare are examples of our strategy in action.

Dr. Anand Deshpande

Chairman and Managing Director, Persistent Systems

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