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  • Looking for more acquisitions going ahead, says Persistent Systems Jan 29, 2018 11:58 AM IST

    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.

  • Setback for IT companies: Here's how industry experts are viewing H-1B visa woes Dec 27, 2017 12:02 PM IST

    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.

  • Have stronger expectation from second half of FY18, says Persistent Systems Oct 17, 2017 10:42 AM IST

    Have stronger expectation from second half of FY18, says Persistent Systems

    Persistent Systems posted numbers with revenue and margins in-line led by the digital and enterprise segment.

  • Expect double-digit revenue growth in FY18: Persistent Systems Apr 26, 2017 11:23 AM IST

    Expect double-digit revenue growth in FY18: Persistent Systems

    In an interview to CNBC-TV18, Anand Deshpande, Founder, MD & CEO of Persistent Systems spoke about the results and his outlook for the company.

  • TCS share buyback will put pressure on other IT firms: Analysts Feb 16, 2017 09:28 AM IST

    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.

  • See significant growth in digital next quarter: Persistent Jan 23, 2017 11:39 AM IST

    See significant growth in digital next quarter: Persistent

    Persistent Systems came out with Q3FY17 results which met street expectations. In an interview to CNBC-TV18 Anand Deshpande, Founder, MD & CEO of the company said margins grew better than topline for the quarter ended December.

  • Expect second half of FY17 to be positive: Persistent Systems Oct 24, 2016 11:36 AM IST

    Expect second half of FY17 to be positive: Persistent Systems

    In an interview to CNBC-TV18, Anand Deshpande, Founder, MD & CEO of Persistent Systems said that intellectual property (IP) business is traditionally weak in Q2.

  • Optimistic on demand outlook in FY17: Persistent Systems Jul 25, 2016 10:31 AM IST

    Optimistic on demand outlook in FY17: Persistent Systems

    Persistent Systems reported a 3.6 percent rise in rupee revenue to Rs 701.8 crore while its profit after tax fell 9.3 percent to Rs 73.2 crore. However, the company‘s margins contracted by 80 basis points to 15.1 percent in the first quarter.

  • IBM deal to put 200bps pressure on margins in FY17: Persistent Apr 25, 2016 10:22 AM IST

    IBM deal to put 200bps pressure on margins in FY17: Persistent

    The deal with IBM contributed 8 percent to Persistent's revenue in Q4. Expect it to increase to 15-20 percent in FY17, says Anand Deshpande, MD and CEO of the company.

  • IBM tie-up to contribute 15-20% to revenue in FY17: Persistent Mar 18, 2016 01:12 PM IST

    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.

  • Mar quarter to be better; positive on deal pipeline: Persistent Jan 25, 2016 10:18 AM IST

    Mar quarter to be better; positive on deal pipeline: Persistent

    Anand Deshpande, Founder, MD & CEO, Persistent Systems, says the third quarter saw a volume growth of 1.9 percent and a price growth of 1.1 percent.

  • Persistent buys Citrix, says working on larger deal pipeline Jan 12, 2016 12:20 PM IST

    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 Dec 07, 2015 12:34 PM IST

    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 Nov 17, 2015 10:41 AM IST

    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.

  • Expect FY16 dollar revenue growth over 10-12%: Persistent Oct 26, 2015 10:46 AM IST

    Expect FY16 dollar revenue growth over 10-12%: Persistent

    The contribution of acquired assets was 2.8 percent in Q2, says Anand Deshpande, chairman and managing director of Persistent Systems, adding,dollar revenue numbers will be better in the second half of the year with the acquisition of Ireland based Aepona Holdings

  • Indian IT victim of success, start-ups next big idea: Pai Jul 20, 2015 11:04 AM IST

    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 Jun 24, 2015 01:55 PM IST

    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 May 05, 2015 10:40 AM IST

    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.

  • New clients to aid revenue growth in FY16: Persistent Sys Apr 22, 2015 10:15 AM IST

    New clients to aid revenue growth in FY16: Persistent Sys

    Anand Deshpande,CMD & CEO, Persistent Systems is optimistic on revenue growth after adding 51 new accounts in fourth quarter.

  • 'Slippage in Q4 to lead to FY15 guidance miss; +ve on FY16' Mar 16, 2015 09:33 AM IST

    '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

  • Hope to maintain 20% PBT margins in FY15: Persistent Sys Jan 27, 2015 10:48 AM IST

    Hope to maintain 20% PBT margins in FY15: Persistent Sys

    Mid-tier IT firm Persistent Systems declared its consolidated dollar revenues grew 4.2 percent sequentially to USD 79.5 million -- a growth of 13.7 percent year-on-year, filings to the exchanges showed today.

  • To maintain 15% growth in FY15: Persistent Systems Nov 26, 2014 01:24 PM IST

    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.

  • FY15 growth to be better than FY14: Persistent Oct 20, 2014 10:08 AM IST

    FY15 growth to be better than FY14: Persistent

    Discussing the company‘s earnings details, Anand Deshpande, CMD & CEO, Persistent Systems, said the margins were under pressure due to wage hike and higher SG&A expenses.

  • CloudSquad deal to accelerate social platform: Persistent Feb 06, 2014 01:45 PM IST

    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

  • Services biz growth of 3-4% Q-o-Q sustainable: Persistent Jan 27, 2014 01:52 PM IST

    Services biz growth of 3-4% Q-o-Q sustainable: Persistent

    According to Deshpande, the company has extra levers for margins growing further and its newer offerings in services business has led to outperformance.

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