OverviewSuggest Edit

Persistent Systems is a global solutions company delivering digital business acceleration and enterprise modernization. It operates through three segments: Technology Services, Alliance, and Accelerite (Products). Persistent's service line includes digital business strategy, CX innovation and optimization, digital product engineering, data-driven business and intelligence, and identity, access, and privacy. The company serves the banking, financial services, insurance, healthcare and life sciences, industrial, and software and technology industries.

TypePublic
Founded1990
HQPune, IN
Websitepersistent.com
Employee Ratings4
Overall CultureF

Latest Updates

Employees (est.) (May 2021)10,357
Job Openings402
Revenue (FY, 2020)₹35.7 B(+6%)
Share Price (Sept 2021)₹3.6 K
Cybersecurity ratingCMore

Key People/Management at Persistent Systems

Anand Deshpande

Anand Deshpande

Founder, Chairman and Managing Director
Sandeep Kalra

Sandeep Kalra

CEO and Executive Director
Sunil Sapre

Sunil Sapre

Executive Director and Chief Financial Officer
Sameer Bendre

Sameer Bendre

Chief People Officer
Tom Klein

Tom Klein

General Counsel and Senior Vice President of Corporate Development
Keith Landis

Keith Landis

Chief Marketing Officer
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Persistent Systems Office Locations

Persistent Systems has offices in Pune, Bengaluru, Hyderabad, Nagpur and in 21 other locations
Pune, IN (HQ)
Bhageerath , 402 Senapati Bapat Road
Bengaluru, IN
4th and 5th Floor, Block 9, Primal Projects Pvt. Ltd. SEZ (PRITECH PARK), Survey Nos. 51 to 64/4 & 66/1, Belandur Village
Hyderabad, IN
Sy No.115, Nanakramguda Village, Serilingampally Mandal, Financial District
Nagpur, IN
Gargi-Maitreyi Plot No. 8 and 9, IT Park, MIDC Parsodi
Nagpur, IN
Gargi-Maitreyi Plot No. 8 and 9, IT Park, MIDC, Parsodi, Subhash Nagar, Pratap Nagar
Pune, IN
4th and 5th Floor, Building No. IT 3, Qubix Business Park Private Limited, Zone Number C-1, Special Economic Zone, Survey No. 154/6, Rajiv Gandhi Infotech Park, Hinjawadi
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Persistent Systems Financials and Metrics

Persistent Systems Revenue

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Persistent Systems's revenue was reported to be ₹35.66 b in FY, 2020 which is a 5.9% increase from the previous period.
INR

Revenue (Q3, 2021)

10.8b

Gross profit (Q3, 2021)

3.0b

Gross profit margin (Q3, 2021), %

28%

Net income (Q3, 2021)

1.2b

EBIT (Q3, 2021)

1.3b

Market capitalization (14-Sept-2021)

275.2b

Closing stock price (14-Sept-2021)

3.6k

Cash (31-Dec-2020)

2.0b

EV

274.4b
Persistent Systems's current market capitalization is ₹275.2 b.
Annual
INRFY, 2018FY, 2019FY, 2020

Revenue

30.3b33.7b35.7b

Revenue growth, %

11%6%

Cost of goods sold

21.5b22.7b25.5b

Gross profit

8.8b10.9b10.2b
Quarterly
INRQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

8.3b8.4b8.6b8.3b8.8b9.2b9.9b10.1b10.8b

Cost of goods sold

5.5b5.7b5.8b5.8b6.3b6.6b7.1b7.4b7.7b

Gross profit

2.9b2.6b2.8b2.5b2.6b2.6b2.8b2.6b3.0b

Gross profit Margin, %

35%31%33%31%29%29%28%26%28%
Annual
INRFY, 2018FY, 2019FY, 2020

Cash

1.3b1.7b1.9b

Accounts Receivable

4.8b4.9b5.9b

Current Assets

17.6b18.9b19.9b

PP&E

2.6b2.3b2.2b
Quarterly
INRQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

1.1b1.1b1.4b2.1b1.4b1.5b1.6b1.3b2.0b

Accounts Receivable

5.6b4.8b4.7b4.7b5.0b5.5b6.7b5.8b6.2b

Current Assets

19.0b19.4b20.0b17.8b17.9b19.0b21.6b22.8b25.7b

PP&E

2.5b2.5b2.4b2.3b2.3b2.3b2.2b2.2b2.3b
Annual
INRFY, 2018FY, 2019FY, 2020

Net Income

3.2b3.5b3.4b

Depreciation and Amortization

1.6b1.6b1.7b

Accounts Payable

305.9m(180.1m)712.6m

Cash From Operating Activities

4.2b4.3b3.2b
Quarterly
INRQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

873.5m1.8b2.7b824.7m1.7b2.6b900.1m1.9b3.1b

Depreciation and Amortization

400.8m799.4m1.2b386.2m811.1m1.2b435.6m875.4m1.3b

Accounts Payable

705.2m351.2m141.9m(8.0m)(362.8m)(175.6m)261.1m(263.1m)793.9m

Cash From Operating Activities

431.1m1.7b3.3b127.5m199.0m1.2b462.1m2.4b5.4b
INRFY, 2018

Revenue/Employee

3.8m

Financial Leverage

1.2 x
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Persistent Systems Operating Metrics

FY, 2018FY, 2019FY, 2020

Countries

181817

Locations

333837

Development Centers

15

Active Clients

1 k
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Persistent Systems Acquisitions / Subsidiaries

Company NameDateDeal Size
CAPIOT SoftwareOctober 15, 2020$6.34 m
youperienceJune 26, 2019
Herald HealthSeptember 04, 2018$5.2 m
Parx WerkJuly 21, 2017
GenwiApril 01, 2016
PRM Cloud SolutionsMarch 16, 2016
Hoopz Planet InfoJuly 14, 2014
CloudSquadsFebruary 06, 2014
DoyenzOctober 18, 2012
Aepona Group Limited
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Persistent Systems Revenue Breakdown

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Persistent Systems revenue breakdown by business segment: 69.9% from Technology Services, 26.2% from Alliance and 3.9% from Other

Persistent Systems revenue breakdown by geographic segment: 11.5% from Rest of the World, 81.0% from North America and 7.5% from India

Human Capital Metrics

Persistent Systems's employees are reported to be approximately 28% female and 72% male.
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Persistent Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

SecurityScorecard logo

Persistent Systems Online and Social Media Presence

Embed Graph

Persistent Systems Company Culture

  • Overall Culture

    F

    16/100

  • CEO Rating

    F

    10/100

  • Compensation

    F

    10/100

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Persistent Systems News and Updates

Axis Securities: Persistent Systems - Robust Long Term Growth Outlook

New deal wins and client additions will help Persistent Systems Ltd. attain long-term sustainable growth, Axis Securities says.

Persistent Systems unveils new Rugged Display and Controller for MPU5

NEW YORK, Sept. 17, 2020 /PRNewswire/ -- Persistent Systems, LLC ("Persistent") announced today that it has unveiled the new Rugged Display and Controller (RDC) for the MPU5 mobile ad hoc networking (MANET) device. An alternative to third-party consumer Android™ phones used with the MPU5,...

Actifio and Persistent Systems Announce Global Alliance to Help Enterprises Modernize Data Stacks, Accelerate Digital Transformation

With 11,000 employees worldwide, Persistent is a leader in software-driven transformation and digital business acceleration across industries and geographies. Persistent’s global resources and experience give it the ability to scale quickly to meet the needs of enterprise clients. The agility of Act…

Persistent Systems reconnu comme l'un des 15 premiers fournisseurs de services dans le rapport ISG Index™ de 2020 pour le 2e trimestre consécutif

- Le cabinet de conseil de premier plan reconnaît Persistent pour sa croissance sur les marchés mondiaux, américains et européens PUNE, Inde et SANTA CLARA, Californie, 14 août 2020 /PRNewswire/ -- Persistent Systems (BSE : PERSISTENT) (NSE : PERSISTENT) a été reconnu comme l'un des 15...

Mr. Christopher O'Connor resigns from the position of Executive Director and Chief Executive Officer of Persistent Systems Limited

PUNE, India, Aug. 10, 2020 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) (NSE : PERSISTENT) today announced that Mr. Christopher (Chris) O'Connor, Executive Director and Chief Executive Officer of Persistent Systems Limited has resigned through letter dated August 9, 2020,...

Persistent Systems reports $131million revenue with a growth of 3.1% Q-o-Q and 9.5% Y-o-Y for Q1FY21

PUNE, India and SANTA CLARA, California , July 25, 2020 /PRNewswire/ -- News Summary Persistent Systems (BSE & NSE: PERSISTENT), today announced the Company's audited financial results for the quarter ended June 30, 2020, as approved by the Board of Directors. Consolidated Financial...
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Persistent Systems Blogs

ACM-W India Celebrations of Women in Compute 2020

ACM-W India Celebration of Women in Computing 2020 was organized as a virtual event by ACM Nagpur Chapter on 5th… The post ACM-W India Celebrations of Women in Compute 2020 appeared first on Persistent Systems.

Intelligent Operations: When Business as Usual Isn’t Enough

One concern I never see going away with customers is the need to provide operational excellence in a cost-effective model.… The post Intelligent Operations: When Business as Usual Isn’t Enough appeared first on Persistent Systems.

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

The post Persistent Systems Reports $125.5 Million Revenue, 4.9% Q-o-Q Growth For Q2FY20 appeared first on Persistent Systems.

Senior Application Developer (PER042)

The post Senior Application Developer (PER042) appeared first on Persistent Systems.

Senior Computer Programmer Analyst (PER044)

The post Senior Computer Programmer Analyst (PER044) appeared first on Persistent Systems.

Persistent Systems reinvents bank customer service – demonstrates 1st proactive, prescriptive banking actbot

The post Persistent Systems reinvents bank customer service – demonstrates 1st proactive, prescriptive banking actbot appeared first on Persistent Systems.
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Persistent Systems Frequently Asked Questions

  • When was Persistent Systems founded?

    Persistent Systems was founded in 1990.

  • Who are Persistent Systems key executives?

    Persistent Systems's key executives are Anand Deshpande, Sandeep Kalra and Sunil Sapre.

  • How many employees does Persistent Systems have?

    Persistent Systems has 10,357 employees.

  • What is Persistent Systems revenue?

    Latest Persistent Systems annual revenue is ₹35.7 b.

  • What is Persistent Systems revenue per employee?

    Latest Persistent Systems revenue per employee is ₹3.4 m.

  • Who are Persistent Systems competitors?

    Competitors of Persistent Systems include Coforge, KPIT Technologies and Unisys.

  • Where is Persistent Systems headquarters?

    Persistent Systems headquarters is located at Bhageerath , 402 Senapati Bapat Road, Pune.

  • Where are Persistent Systems offices?

    Persistent Systems has offices in Pune, Bengaluru, Hyderabad, Nagpur and in 21 other locations.

  • How many offices does Persistent Systems have?

    Persistent Systems has 28 offices.