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Last Updated : Jan 29, 2018 12:04 PM IST | Source: CNBC-TV18

Looking for more acquisitions going ahead, says Persistent Systems

Persistent Systems has posted good numbers led by strong revenue growth in the alliance division. In an interview to CNBC-TV18, Anand Deshpande, Founder, MD & CEO of the company spoke about the results and his outlook going ahead.

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Persistent Systems has posted good numbers led by strong revenue growth in the alliance division. In an interview to CNBC-TV18, Anand Deshpande, Founder, MD & CEO of the company spoke about the results and his outlook going ahead.

Deshpande said that the growth in revenue driven by intellectual property (IP) growth.

He further said that margin has improved due to increase in efficiencies and tax credit.

We are reasonably confident of double digit growth on the topline, he added.

According to him, margin looks sustainable at the current level.

We have been focusing on enterprise customers, mentioned Deshpande.

On acquisition front, he said we are looking for more acquisitions going ahead.

Watch accompanying video for more details…
First Published on Jan 29, 2018 11:58 am
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