PERSISTENTNSEJanuary 20, 2024

Persistent Systems Limited

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Key numbers — 40 extracted
rs,
x, Bandra (E), Mumbai 400 051 The Manager Corporate Services, BSE Limited 14th Floor, P J Towers, Dalal Street, Mumbai 400 001 Ref: Symbol: PERSISTENT Ref: Scrip Code: 533179 Dear Sir/Madam,
13.7%
ent A trusted Digital Engineering and Enterprise Modernization partner $300.6M FY24 Q3 Revenue +13.7% YoY ₹2.9B FY24 Q3 PAT +20.2% YoY $392.1M FY24 Q3 Annual Contract Value (ACV) Booking $1,290.
₹2.9
ted Digital Engineering and Enterprise Modernization partner $300.6M FY24 Q3 Revenue +13.7% YoY ₹2.9B FY24 Q3 PAT +20.2% YoY $392.1M FY24 Q3 Annual Contract Value (ACV) Booking $1,290.3M TTM AC
20.2%
ng and Enterprise Modernization partner $300.6M FY24 Q3 Revenue +13.7% YoY ₹2.9B FY24 Q3 PAT +20.2% YoY $392.1M FY24 Q3 Annual Contract Value (ACV) Booking $1,290.3M TTM ACV Bookings $1,149.7M
17.5%
Y24 Q3 Annual Contract Value (ACV) Booking $1,290.3M TTM ACV Bookings $1,149.7M TTM Revenue +17.5% YoY $6.8B* Market Capitalization ₹10.3B TTM PAT +18.3% YoY 23,336 Employees 3 © Persistent
₹10.3
g $1,290.3M TTM ACV Bookings $1,149.7M TTM Revenue +17.5% YoY $6.8B* Market Capitalization ₹10.3B TTM PAT +18.3% YoY 23,336 Employees 3 © Persistent Systems 2024 1 USD = INR 83.20 | * Marke
18.3%
ACV Bookings $1,149.7M TTM Revenue +17.5% YoY $6.8B* Market Capitalization ₹10.3B TTM PAT +18.3% YoY 23,336 Employees 3 © Persistent Systems 2024 1 USD = INR 83.20 | * Market cap as on Decemb
INR 83.20
pitalization ₹10.3B TTM PAT +18.3% YoY 23,336 Employees 3 © Persistent Systems 2024 1 USD = INR 83.20 | * Market cap as on December 31, 2023 Our journey over 33+ years Second Orbit 2001 – 2008 o Cat
93x
ull product lifecycle leadership for outsourced product development o 2010 – Persistent IPO; 93x oversubscribed o 2005 – Investment by Norwest & Gabriel Ventures First Orbit 1990 – 2001 o C
79.7%
led by our strong presence across key geographies Canada USA Mexico Costa Rica North America 79.7% Revenue 2,454 Employees 8 © Persistent Systems 2024 UK Ireland France Netherlands Germany P
8.9%
rlands Germany Poland Romania Switzerland Italy India Sri Lanka Malaysia Singapore Europe 8.9% Revenue 319 Employees South Africa GenAI Studio India 10.0% Revenue 20,390 Employees Rest of
10.0%
Lanka Malaysia Singapore Europe 8.9% Revenue 319 Employees South Africa GenAI Studio India 10.0% Revenue 20,390 Employees Rest of the World 1.4% Revenue 173 Employees Japan Australia And by
Guidance — 1 items
The report applauded Persistent for
opening
It has a strong focus on experiential learning, building tailored learning programs and career pathways for its resources, and adoption of pi-shaped learning models to enhance project readiness of its workforce.
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Risks & concerns — 1 flagged
With over 82% of open-source components being high risk, ensuring the security and uninterrupted support of these resources is paramount to sustaining industry progress while upholding the highest standards of security and integrity.
The award recognized Persistent for
Speaking time
These inclusions reflect our
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The award recognized Persistent for
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The report commended Persistent for
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The report applauded Persistent for
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The report recognized Persistent for
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Opening remarks
These inclusions reflect our
o Strong fundamentals, client confidence, growth potential, and competitive edge in the global technology services market o Unwavering commitment to maintaining high corporate governance standards o Operational discipline & ability to spot latest technology trends to help clients unlock the full potential from technology shifts Read the press release 28 © Persistent Systems 2024 …and acknowledged for our continued growth trajectory Persistent Named Most Promising Company of the Year at 2023 India Business Leader Awards
The award recognized Persistent for
o Consistent growth while capitalizing on opportunities in a transformative technology environment and delivering sustained impact to its clients globally o Ability to create short-term and long-term value, as well as a competitive edge o Demonstration of leadership excellence in the business community Watch the video and read the press release 29 © Persistent Systems 2024 Expanding our relationship with our key hyperscaler partners… Persistent Announces Strategic Collaboration Agreement with AWS to Accelerate Generative AI Adoption o Access to additional AWS resources to build proofs of concept to help clients identify tangible business outcomes from generative AI o Continued early access to AWS’ generative AI services and investments for combined clients to enable growth, increase time-to-market, and improve customer experience Learn More Persistent was prominently mentioned in the keynote of Adam Selipsky, CEO of AWS on GenAI at AWS re:Invent 2023 “Generative AI unlocks new opportun
The report commended Persistent for
o Client acknowledgement for customization of both scope of work and delivery, and depth of AI knowledge o Digital engineering heritage, deep data capabilities, and domain expertise o Partner recognition for early GenAI adoption and leadership Read the full report “Congratulations to the Persistent team on their compelling AI-first approach to Digital Engineering and Enterprise Modernization. The company has been impressing enterprises and the AI partner ecosystem with its dynamic and passionate culture emanating from its digital engineering heritage. Many of Persistent’s clients cited the firm’s deep cloud, data and AI capabilities, domain expertise, and its recognition by the hyperscalers as a distinctive partner for the toughest AI challenges. We see Persistent transcending to Purposeful AI as it continues its impressive growth surge.” Read the full report Phil Fersht CEO and Chief Analyst, HFS Research 33 © Persistent Systems 2024 … and our data-driven talent strategy for next-gene
The report applauded Persistent for
o Strong mix of next-gen ready resources built on the back of a strong L&D program and supported by analytics solutions across the entire talent value management chain o Comprehensive L&D programs through award-winning Persistent University focused on equipping associates with next-generation skills, including GenAI o Significant investments made in developing next-generation cybersecurity skills in the workforce Read the full report “Persistent Systems has built a mature technology stack and partner ecosystem across the talent value chain to strengthen its workforce development and management ability. It has a strong focus on experiential learning, building tailored learning programs and career pathways for its resources, and adoption of pi-shaped learning models to enhance project readiness of its workforce. It is adeptly embracing analytics to build data-driven talent strategy, leveraging insights to enhance workforce productivity as well as enable a sustainable talent pipeline for
The report recognized Persistent for
o Value proposition of faster speed-to-market and solution-led approach, which clients believe to be the Company’s strength o Significant investments in next-generation technologies. For e.g., dedicated AI labs, upskilling workforce in emerging technologies such as generative AI o Robust partnerships leading to enhanced cloud capabilities and commitment to deliver business outcomes. Read the full report “Persistent Systems brings a broad array of offerings and solutions that puts it in a prime position to meet emerging enterprise demand for Data & Analytics services. That along with an IP-led approach helps create a core value proposition of faster speed to market enabling it to drive innovation and emerge as a strategic partner in D&A focused engagements with its clients. Another key differentiator for Persistent Systems is the breadth and depth of its technology partnership ecosystem which helps it to provide tailored services and efficiently cater to its clients’ specific needs. Com
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