About Persistent Systems Ltd

Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration [1]. It also has partnership with providers such as Salesforce and AWS Key Points Solutions Offered The company provides complete Digital Engineering solutions for : a Product & Platform Engineering b CX & Design-Led Transformation c Cloud-enabled Enterprise Modernization d Data & Artificial Intelligence e Intelligent Automation Brand Strength Persistent was named fastest-growing Indian IT Services brand since 2020, with 268% growth and ranked 9th among Indian IT Services companies. Across all industries, Persistent came in 64th, with 52% growth in brand value compared to 2022. BFSI : [3] cloud banking and insurance solutions such as loans management [4] and claims management [5]. Healthcare: tools such as mobile healthcare [6] and denials & revenue management Others: software development and innovation services [8]. Segmental Revenue mix Q3FY24 BFSI: 31% Healthcare & Life Sciences : 22% Software, Hi-Tech and Emerging Industries: 47% Global Presence The company has a global presence with presence in 21+ countries including India, Australia, Canada, Germany, Japan etc. Revenue - Break up Q3FY24[11] North America - 80% Europe - 9% India - 10% ROW - 1% Revenue Breakup Technology services segment accounts for majority of revenues with a 70% contribution, followed by partnership operations (26%) & accelerite (products) segment accounts for the rest 4% of revenues. Concentration of Top Clients[13] As of Q3FY24 the revenue contribution from: Top 1 client - 9% (vs 16% in FY22) Top 5 - 28% (vs 35% in FY22) Top 10 - 39% (vs 45% in FY22) Top 20 - 51% (vs 54% in FY22) As per Revenue - $30M+ - 5 clients $20M – $30M - 6 $10M – $20M - 5 $5M – $10M - 22 $1M – $5M - 138