Moneycontrol PRO
HomeNewsPersistentsystems
Jump to
  • Setback for IT companies: Here's how industry experts are viewing H-1B visa woes

    Reports suggest that the US Department of Homeland Security is readying a proposal that will make getting H-1B visas more difficult. In an interview to CNBC-TV18, Sudin Apte, CEO & Research Director at Offshore Insights and Sameer Bendre, Chief People Officer at Persistent Systems shared their views and readings on the same.

  • TCS share buyback will put pressure on other IT firms: Analysts

    TCS share buyback will put pressure on other IT firms: Analysts

    India's largest software company confirmed this morning that it would consider doing a buyback on February 20.

  • IBM tie-up to contribute 15-20% to revenue in FY17: Persistent

    IBM tie-up to contribute 15-20% to revenue in FY17: Persistent

    Anand Deshpande, Founder & CEO of Persistent says the deal will also add close to 500 employees which includes experts from IBM.

  • Persistent buys Citrix, says working on larger deal pipeline

    Persistent buys Citrix, says working on larger deal pipeline

    Anand Deshpande, Founder, MD and CEO, Persistent Systems says the products are powered by Apache CloudStack.

  • To maintain 10-12% $ revenue growth in FY16: Persistent Sys

    To maintain 10-12% $ revenue growth in FY16: Persistent Sys

    Anand Deshpande, founder, MD & CEO says that the company is on lookout for more acquisitions to expand its customer base.

  • Persistent System Inc acquires US-based Akumina

    Persistent System Inc acquires US-based Akumina

    Persistent is looking for more such acquisitions in the digital transformation business, says Anand Deshpande, CMD & CEO of Persistent System.

  • Indian IT victim of success, start-ups next big idea: Pai

    Indian IT victim of success, start-ups next big idea: Pai

    Appearing on CNBC-TV18's special edition from Bengaluru, Chairman of Manipal Global Education TV Mohandas Pai says the world has changed since it has got a very stable IT platform.

  • Persistent Systems warns on Q1 profit, says Q2 on track

    Persistent Systems warns on Q1 profit, says Q2 on track

    Persistent is targeting to maintain its profit before tax (PBT) margins at 18-20 percent this year by a strategy shift. The company will now sell its products to enterprise instead of independent software vendor (ISV) clients, Mritunjay Singh, ED and COO of Persistent said.

  • IT cos likely to grow in low double digits: Mohandas Pai

    IT cos likely to grow in low double digits: Mohandas Pai

    According to Pai, management transformation is the key to success for the IT companies now.

  • 'Slippage in Q4 to lead to FY15 guidance miss; +ve on FY16'

    'Slippage in Q4 to lead to FY15 guidance miss; +ve on FY16'

    Persistent Systems is expected to clock ‘muted‘ growth this quarter, a development that will likely result in the company missing its full-year dollar revenue growth target of 15 percent, founder and CMD Anand Deshpande told CNBC-TV18

  • To maintain 15% growth in FY15: Persistent Systems

    To maintain 15% growth in FY15: Persistent Systems

    Anand Deshpande, CMD & CEO, Persistent Systems credits it to company‘s early investment in SMAC i.e. Social, Mobile, Analytics and Cloud. In an interview to CNBC-TV18, he says 50 percent of its revenues are from newer technologies.

  • CloudSquad deal to accelerate social platform: Persistent

    CloudSquad deal to accelerate social platform: Persistent

    According to Mritunjay Singh, the funding will primarily be done through internal accruals and is therefore, completely a cash deal which is upfront payment and is very niche

  • Persistent invests $250k in start-up via venture fund

    Persistent invests $250k in start-up via venture fund

    As the demand trends for the IT industry looks strong, the company believes it can beat NASSCOM guidance for FY14.

  • Expect to beat Nasscom guidance on $ rev growth: Persistent

    Expect to beat Nasscom guidance on $ rev growth: Persistent

    Rohit Kamat, company CFO expects to report good growth in revenue and margins in the second half of the fiscal, subject to vacation time and currency impact.

  • Will maintain vol expansion depite rupee fall: Persistent

    Will maintain vol expansion depite rupee fall: Persistent

    Persistent Systems profits and margins have not been affected by rupee depreciation as the company hedges some of its revenues and will continue to adopt that strategy.

  • Deal closure unpredictability a problem: Persistent Systems

    Deal closure unpredictability a problem: Persistent Systems

    Speaking to CNBC-TV18, chief executive of Persistent Systems, Anand Deshpande says that they revised guidance downwards because they have a better understanding of the problems of the business now.

  • Persistent Systems aims to maintain profit margins ahead

    Persistent Systems aims to maintain profit margins ahead

    Anand Deshpande, Founder, CMD, Persistent Systems in an interview with CNBC-TV18 said that the company is not seeing any slowdown in terms of any of customers reducing specific budgets. It says that the revenue targets are on track and aims to maintain profit before tax margins this year.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347