Company Profile

PERSISTENT SYSTEMS LTD.

NSE : PERSISTENTBSE : 533179ISIN CODE : INE262H01013Industry : IT - Software House : Persistent Systems
BSE1182.309.55 (+0.81 % )
PREV CLOSE (Rs.) 1172.75
OPEN PRICE (Rs.) 1173.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 8499
TODAY'S LOW / HIGH (Rs.)1156.10 1199.75
52 WK LOW / HIGH (Rs.)420 1239
NSE1191.15 19.4 (+1.66 % )
PREV CLOSE(Rs.) 1171.75
OPEN PRICE (Rs.) 1180.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 1191.15 (825 )
VOLUME 188650
TODAY'S LOW / HIGH(Rs.) 1157.25 1200.00
52 WK LOW / HIGH (Rs.)420.05 1240

Company News

Date Heading Details
15-Sep-2020 Persistent wins 2020 ISG Star of Excellence Award <p align="justify">Persistent Systems has won the third annual Information Services Group (ISG) Star of Excellence Award for the quality of its core technology services, based on direct feedback from more than 100 enterprise customers. In addition to recognizing excellence in core technology and emerging technology services, the ISG Star of Excellence Awards also recognize excellence in customer centricity for given industries and geographic regions. </p><p align="justify">This is the first time Persistent participated in the survey and these latest awards are yet another testament to its capabilities on the back of its being named a top service provider globally and in the Americas and EMEA in the Q2 2020 ISG Index.</p><p align="justify">Persistent Systems is a global company specializing in software product and technology services. Persistent develops best-in-class solutions in key next-generation technology areas including Analytics, Big Data, Cloud Computing, Mobility and Social, for the telecommunications, life sciences, healthcare and banking &amp; financial services verticals.<br></p>
14-Sep-2020 Wipro, Persistent Systems and Adani Enterprises to see some action today <p align="justify"><strong>Wipro</strong> has entered into partnership with and ProcessMaker, a US-based software company and low-code workflow automation platform, for delivering innovative workflow management to Wipro's customers in Latin America. This collaboration will leverage Wipro's proprietary technology platform iCaaS (Intelligent Content as a Service) along with ProcessMaker's Workflow automation platform to deliver Cognitive Content Automation solutions to customers.</p><p align="justify"><strong>Persistent Systems</strong> has entered into global alliance with Actifio, the pioneer of multi-cloud copy data management software, to help enterprises with data stack modernization and acceleration of digital transformation initiatives. Persistent's global resources and experience give it the ability to scale quickly to meet the needs of enterprise clients. The agility of Actifio's multi-cloud copy data management platform will help Persistent deliver modern data protection and instant data access that reduces time to market for new applications while improving security, compliance and governance.</p><p align="justify"><strong>Adani Enterprises'</strong> step down subsidiary -- Adani Land Defence Systems and Technologies has acquired 51% Equity Shares of PLR Systems from Fouraces Systems India on September 10, 2020. Through the acquisition of a majority stake in PLR, Adani and IWI (existing shareholder in PLR) shall be able to manufactured defence equipment to the 1.2 million army personnel and an equal number of para-military forces and state police forces and shall help achieve self-reliance aligned to the Make in India and Atma-Nirbhar Bharat initiative.</p><p align="justify"><strong>Hexaware Technologies</strong> has launched Hexaware Immersive, a holistic digital experience for all their valued stakeholders to take a virtual tour of their global campuses. The specially conceived Digital Twin, a first in the industry, mirrors a near-life experience for visitors to walk into their campuses anytime and engage with the organization in a truly special way. </p><p align="justify"><strong>MOIL</strong> is working on multiple new projects worth cumulatively Rs 581 crore at its mines in Madhya Pradesh (MP) and Maharashtra. The company is aiming to complete these projects by August 2021. At Munsar mine in Maharashtra, the company is setting up a new vertical shaft at a depth of 160 metres at a capital cost of Rs 51.32 crore. The scheduled completion of the work was in April 2020. However, the work is in progress and the completion of the project shall be in November 2020. Another project of Rs 77.15 crore for setting up a sinking vertical shaft at a depth of 324 metres is going on at the company's Ukwa mine in Madhya Pradesh.</p><p align="justify"><strong>TTK Prestige</strong> is launching a new category - Stainless Steel Casseroles in two versions viz. Royale and Prime. The Royale version is design protected. Totally 7 SKUs of different sizes are being offered at the launch stage. The initial launch will be in North Indian Markets. These products are 'Made in India' in line with the company's commitment to Atmanirbhar Bharat Abhiyan.</p><p align="justify"><strong>Sonata Software</strong> has partnered with Treeni Sustainability Solutions Inc. an Atlanta (US) based Company. Treeni's resustain is a cloud-based SaaS platform that enables a 360-degree view of ESG data and risks for enterprises. This relationship creates synergies for both parties, Sonata Software will now have the ability to take relevant and timely sustainability solutions to their global clients, Treeni will benefit from Sonata Software's software product engineering expertise, their partner ecosystem and global reach.<br></p>
12-Sep-2020 Persistent Systems enters into global alliance with Actifio <p align="justify">Persistent Systems has entered into global alliance with Actifio, the pioneer of multi-cloud copy data management software, to help enterprises with data stack modernization and acceleration of digital transformation initiatives. </p><p align="justify">Persistent's global resources and experience give it the ability to scale quickly to meet the needs of enterprise clients. The agility of Actifio's multi-cloud copy data management platform will help Persistent deliver modern data protection and instant data access that reduces time to market for new applications while improving security, compliance and governance.</p><p align="justify">Persistent Systems is a global company specializing in software product and technology services. Persistent develops best-in-class solutions in key next-generation technology areas including Analytics, Big Data, Cloud Computing, Mobility and Social, for the telecommunications, life sciences, healthcare and banking &amp; financial services verticals.<br></p>
28-Aug-2020 Persistent achieves AWS service delivery designation for AWS Lambda <p align="justify">Persistent Systems has achieved the Amazon Web Services (AWS) Service Delivery designation for AWS Lambda recognizing that Persistent follows best practices and has proven success delivering AWS services to end customers.</p><p align="justify">Achieving the AWS Service Delivery designation differentiates Persistent as an AWS Partner Network (APN) member that provides specialized demonstrated technical proficiency and proven customer success in delivering AWS Lambda, a serverless compute service that lets you run code without provisioning or managing servers. To receive the designation, APN Partners must possess deep AWS experience and deliver solutions seamlessly on AWS.</p><p align="justify">Persistent Systems is a global company specializing in software product and technology services. Persistent develops best-in-class solutions in key next-generation technology areas including Analytics, Big Data, Cloud Computing, Mobility and Social, for the telecommunications, life sciences, healthcare and banking &amp; financial services verticals.<br></p>
06-Aug-2020 Persistent Systems affirms commitment to communities <DIV align=justify><SPAN>Persistent Systems has donated more than $1/2 million to charities in North America impacted by and helping those impacted by the COVID-19 epidemic. This is part of the company's $3 million relief efforts to organizations globally.</DIV><SPAN><DIV align=justify><BR></DIV><DIV align=justify><SPAN>Persistent Systems is a global company specializing in software product and technology services. Persistent develops best-in-class solutions in key next-generation technology areas including Analytics, Big Data, Cloud Computing, Mobility and Social, for the telecommunications, life sciences, healthcare and banking &amp; financial services verticals.</DIV><DIV align=justify><BR></DIV>
05-Aug-2020 Persistent Systems receives Workato Partner Award 2020 for innovation <p align="justify">Persistent Systems has been named a winner of the 2020 Workato Partner Awards in the category of Innovation across OutSystems, Banking and Snowflake. Workato provides automation and integration across all business applications. </p><p align="justify">The award identifies the company as a premier systems integrator for this category, across 11 criteria: Strategic Alliance; Public Sector; Implementations; Go-to-Market; Innovation; Automation Center of Excellence; Process Automation; Automations; Sales Automations; IT Automations and Financial Automations.</p><p align="justify">Persistent Systems is a global company specializing in software product and technology services. Persistent develops best-in-class solutions in key next-generation technology areas including Analytics, Big Data, Cloud Computing, Mobility and Social, for the telecommunications, life sciences, healthcare and banking &amp; financial services verticals.<br></p>
30-Jul-2020 Persistent accelerating client journeys to hybrid cloud through Red Hat OpenShift <p align="justify">Persistent Systems is accelerating client journeys to hybrid cloud through Red Hat OpenShift. The company has launched a Center of Excellence (CoE) for the industry's most comprehensive Kubernetes-based containerization platform, Red Hat OpenShift. </p><p align="justify">With the formation of the Red Hat CoE, clients can accelerate their digital transformation efforts with workload portability across public cloud providers like AWS, Microsoft Azure, Google Cloud Platform, and IBM Cloud. In addition to Persistent's recent announcement that it has trained over 2,000 professionals on containerization and Kubernetes, the company is adding professional Red Hat sales, engineering and delivery accreditations. This CoE brings together Persistent's deep engineering and technology experience with proprietary accelerators and methodologies, like the Persistent Digital Greenhouse, approach to speed Red Hat OpenShift deployments.</p><p align="justify">Persistent Systems is a global company specializing in software product and technology services. Persistent develops best-in-class solutions in key next-generation technology areas including Analytics, Big Data, Cloud Computing, Mobility and Social, for the telecommunications, life sciences, healthcare and banking &amp; financial services verticals.<br></p>
30-Jul-2020 Persistent jumps on accelerating client journeys to hybrid cloud through Red Hat OpenShift <div align="justify"><span>Persistent Systems is currently trading at Rs. 900.00, up by 12.20 points or 1.37% from its previous closing of Rs. 887.80 on the BSE.</span></div><font face="sans-serif"><span><div align="justify"><br></div></span></font><div align="justify"><font face="sans-serif"><span>The scrip opened at Rs. 887.00 and has touched a high and low of Rs. 902.25 and Rs. 886.85 respectively. So far 8709 shares were traded on the counter.</span></font></div><font face="sans-serif"><span><div align="justify"><br></div></span></font><div align="justify"><font face="sans-serif"><span>The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 915.00 on 27-Jul-2020 and a 52 week low of Rs. 420.00 on 23-Mar-2020.</span></font></div><font face="sans-serif"><span><div align="justify"><br></div></span></font><div align="justify"><font face="sans-serif"><span>Last one week high and low of the scrip stood at Rs. 915.00 and Rs. 727.95 respectively. The current market cap of the company is Rs. 6836.22 crore.</span></font></div><font face="sans-serif"><span><div align="justify"><br></div></span></font><div align="justify"><font face="sans-serif"><span>The promoters holding in the company stood at 31.47%, while Institutions and Non-Institutions held 46.40% and 22.13% respectively.</span></font></div><font face="sans-serif"><span><div align="justify"><br></div></span></font><div align="justify"><font face="sans-serif"><span>Persistent Systems is accelerating client journeys to hybrid cloud through Red Hat OpenShift. The company has launched a Center of Excellence (CoE) for the industry's most comprehensive Kubernetes-based containerization platform, Red Hat OpenShift.</span></font></div><font face="sans-serif"><span><div align="justify"><br></div></span></font><div align="justify"><font face="sans-serif"><span>With the formation of the Red Hat CoE, clients can accelerate their digital transformation efforts with workload portability across public cloud providers like AWS, Microsoft Azure, Google Cloud Platform, and IBM Cloud. In addition to Persistent's recent announcement that it has trained over 2,000 professionals on containerization and Kubernetes, the company is adding professional Red Hat sales, engineering and delivery accreditations. This CoE brings together Persistent's deep engineering and technology experience with proprietary accelerators and methodologies, like the Persistent Digital Greenhouse, approach to speed Red Hat OpenShift deployments.</span></font></div><font face="sans-serif"><span><div align="justify"><br></div></span></font><div align="justify"><font face="sans-serif"><span>Persistent Systems is a global company specializing in software product and technology services. Persistent develops best-in-class solutions in key next-generation technology areas including Analytics, Big Data, Cloud Computing, Mobility and Social, for the telecommunications, life sciences, healthcare and banking &amp; financial services verticals.</span></font></div><div><br></div>
30-Jul-2020 Tech Mahindra, NITCO and TCS to see some action today <p align="justify"><strong>Tech Mahindra</strong> has signed global partnership with Hinduja Group's CyQureX to jointly offer cyber security solutions. Under the partnership, Tech Mahindra will provide consulting, planning, designing, integration, orchestration and automation of services and CyQureX will prioritise capabilities in the cyber security domain. The partnership with Hinduja Group's CyQureX aligns with company's core business proposition, and will further strengthen its position as the cybersecurity partner of choice for our customers globally.</p><p align="justify"><strong>NITCO</strong> has been the only and the first Indian tile brand to carve an entry as the preferred tile brand supplier for one of the large counter retail entity in US. It has secured the largest export business order on the strength of its design and quality, garnering an entry across more than 1000 stores in US. Accomplishment of this export order reaffirms NITCO's strength in creative design, innovation and as a trendsetter brand. The team visited Italian quarries to procure natural stones and created designs, scanning from the right colour/type of stones that led to the success of the order. This will enable NITCO to establish a strong presence in US market and tap other customers in the region.</p><p align="justify"><strong>Tata Consultancy Services</strong> (TCS) has partnered with Vistaprint (a Cimpress company), a global leader in promotional and marketing products and solutions, to help the latter successfully migrate to SAP S/4HANA on the cloud, simplifying its business operations and accelerating its cloud-led digital transformation journey. Vistaprint needed a stable and scalable business solution platform to manage the growth, complexity and pace of change of its business and operations. To help achieve those objectives, TCS worked with Vistaprint to migrate from its SAP on-premise system to S/4HANA Cloud Infrastructure.</p><p align="justify"><strong>Jindal Stainless</strong> (JSL), and the integrated container logistics company, Maersk, have joined hands to ease and optimise the flow of containerized exports and imports between JSL, Jajpur and Vizag Container Terminal (VCTPL). As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha. The first rake was flagged off on July 24.</p><p align="justify"><strong>Thomas Cook</strong> <strong>(India)</strong> and its Group Company, SOTC Travel, have launched Jungle Experiences &amp; Safaris - across India's renowned national parks and wildlife reserves on International Tiger Day. The exciting wildlife portfolio of convenient 2-3 day quick breaks, at short drivable distances, intends to create awareness and respect for the majestic tiger and India's endemic wildlife in their natural habitat and is attractively priced starting at Rs 8200.</p><p align="justify"><strong>Praj Industries</strong> has entered into a memorandum of understanding (MoU) with Automotive Research Association of India (ARAI) to jointly drive application development of advanced biofuels that will find usage in industry and transportation. Biofuels developed for the mobility sector will have a positive impact on environment by way of reduced carbon footprint and improved tail pipe emissions. Through this collaboration, Praj and ARAI will jointly address technologies to propagate use of biofuels in variety of applications including usage in internal combustion engines (ICE) in the transportation sector.</p><p align="justify"><strong>Persistent Systems</strong> is accelerating client journeys to hybrid cloud through Red Hat OpenShift. The company has launched a Center of Excellence (CoE) for the industry's most comprehensive Kubernetes-based containerization platform, Red Hat OpenShift. With the formation of the Red Hat CoE, clients can accelerate their digital transformation efforts with workload portability across public cloud providers like AWS, Microsoft Azure, Google Cloud Platform, and IBM Cloud.</p><p align="justify"><strong>Rama Steel Tubes</strong> has started implementation of its expansion project at the Lepakshi Tubes (wholly owned subsidiary), facility in Anantpur, Andhra Pradesh to increase its capacity to manufacture steel tubes &amp; pipes from existing capacity of 36,000 MT per annum to 72,000 MT per annum in order to meet variety of sizes and growing demand of the products.<br></p>
28-Jul-2020 Persistent Systems reports 9% rise in Q1 consolidated net profit <p align="justify">Persistent Systems has reported results for first quarter ended June 30, 2020.<p align="justify">The company has reported 45.59% rise in its net profit of Rs 121.48 crore for the quarter under review as against Rs 83.44 crore for the same quarter in the previous year. Total income of the company increased 11.29% at Rs 585.51 crore for Q1FY21 as compared Rs 526.10 crore for the corresponding quarter previous year.<p align="justify">On the consolidated basis, the company has reported 9.14% rise in its net profit at Rs 90.01 crore for the quarter under review as against Rs 82.47 crore for the same quarter in the previous year. Total income of the company increased by 17.45% at Rs 1012.61 crore for Q1FY21 as compared Rs 862.15 crore for the corresponding quarter previous year.</p>