Software engineering and strategy services are offered by Persistent Systems to assist firms in implementing and modernising their operations. It has proprietary software and frameworks with built-in acceleration and integration. Additionally, it collaborates with vendors like AWS and Salesforce
Financial Results:
For the third quarter of FY23, the firm reported a 34.9% year-over-year increase in net profit to ₹ 238 crores. In the identical quarter of the prior fiscal year, the firm had generated a net profit of ₹ 176.5 crores. During the quarter, the company’s overall costs increased 43.83% YoY to ₹ 1,849.6 crores.
As per the management, the entire contract value of the orders placed for the Q3FY23 was USD 440 million, and the yearly contract value was USD 326.3 millions. Additionally, the business closed a number of significant contracts in several sectors and service areas, which contributed to a 20% sequential increase in total contract value bookings.