Quarterly Results Q3 FY21

  • $146.15 M


  • +7.4%


  • +12.9%


I want to thank all of our clients for the trust they continue to put in us as we explore new technologies, delivery models and new ways of working together to deliver digital excellence to their customers. This has been a year unlike any other and I am very proud of the resilience demonstrated by our team members across Persistent.

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

Thanks to the passionate efforts of our more than 12,000 team members, we have accelerated growth and reinforced our capabilities across all areas of the company. We continue to deliver engineering solution expertise in our key industry segments and service lines, helping our customers imagine their new digital future. As a result, we see growth in our average deal size and once again this quarter we closed several large deals.

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

Third Quarter FY21 Client Wins and Outcomes
Banking, Financial Services and Insurance
  • Delivering engineering solutions as a preferred vendor for regulatory compliance, customer due diligence, data quality and test automation for a global banking giant
  • Modernizing retail lending journey by building Salesforce-based loan origination system for private sector bank based in Mumbai
  • Developing and implementing lending and deposit services built on Mambu, OutSystems and AWS for bespoke UK bank targeting small and medium enterprises
  • Building and enhancing enterprise data hub to provide agility and customer centricity for a major global fixed income investment firm based in the US
  • Modernizing entity lifecycle management application, enabling financial managers to analyze deal data and streamline valuation approval process, for a US-based, global investment firm

Software, Hi-Tech & Emerging Verticals
  • Engineering and support of core and mature security products for a global, US-based software company
  • Modernizing collaboration by customizing and supporting applications, which are integrated with Oracle Identity and Lifecycle Management, for a SaaS and cloud-based remote work tools provider
  • Engineering carrier-grade VOIP for next gen and 5G communications service provider clients for a leading monitoring, assurance and analytics manufacturer for IP-based networks
  • Standardizing systems engineering processes by implementing a new systems engineering tool along with managed services for an international semiconductor manufacturer
  • Developing and porting applications to a new, hybrid cloud infrastructure for a major oil and gas exploration services company
Healthcare & Life Sciences
  • Designing and implementing digital front door solution including web and mobile applications to deepen patient engagement throughout lifecycle for US medical center
  • Developing and modernizing a broad suite of client solutions including payor, provider and patient applications using AI/ML for a global software company in healthcare
  • Designing and implementing central care platform built on Salesforce Health Cloud for a leading solution provider specializing in chronic kidney disease
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