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We're delighted to announce that we established our presence in Eastern India by inaugurating our latest Center of Excellence (CoE) for emerging technologies and software engineering in Kolkata, West Bengal. This new state-of-the-art facility will enable us to attract top talent in the region and help our clients capitalize on disruptive technologies, unlock greater value, and stay ahead of technology curves. Read this press note to learn how we are bringing offices closer to our talent pool and bolstering our capabilities further with this new addition to our global delivery network: https://lnkd.in/ewiV5njm
Our Annual Report for FY23 highlights how Persistent forged its own path to achieve continued success and growth to $1 billion in annualized revenue through The Persistent Way. Our incredible 33-year journey has been possible only because of the unwavering support of employees, customers, partners and thousands of well-wishers. Read this year’s report to learn more about how we’re Engineering Success and Delivering Value, The Persistent Way. Click here to download our complete Annual Report and gain valuable insights into our achievements, performance and commitments to our communities: https://lnkd.in/dUvpfV7Z
For the 13th sequential quarter, Persistent reported continued revenue growth and outperformed the industry despite the dynamic macro environment. In this interview with Sourabh Lele of Business Standard, our CEO and ED, Sandeep Kalra, discusses the growth delivered amid the uncertain environment, helping clients explore the tremendous possibilities presented by Generative AI, our focus areas for the next orbit, and more.
Our people are the cornerstone of our ongoing success. Their relentless dedication and passion for innovation fuels our growth. In this interesting feature on our Q1 performance, The Financial Express highlights how Persistent implemented wage hikes for over 23,000 team members in 21 countries, gave an annual bonus of around 109%, and continues to honor the offers rolled out despite the uncertain economic environment. Read this insightful story to learn more about Persistent's commitment to its people: https://bit.ly/3DpF4eP
Our people are the bedrock of our industry-leading growth and clients' successes. We remain committed to supporting our team's career growth and aspirations. To that end, we launched the most inclusive Employee Stock Option Plan (ESOP) in the Global IT Services Industry in FY22, which resulted in an impressive 80% coverage, allowing our team members to partake in the success that they helped create. Read this insightful story by The Financial Express that showcases how our global team members are benefitting from our growth journey through ESOPs and key highlights of our 33rd Annual General Meeting: https://lnkd.in/e5NXe7Pi
We’re pleased to share that we sustained our growth momentum as we entered our new fiscal year. We reported $282.9M in revenue in Q1 FY24, delivering 17.1% year-over-year revenue growth. Our ongoing success is fueled by our ability to create more value for our clients as we continue to build transformative solutions as the ecosystem orchestrator of choice with our global partners. Find out more about our performance: https://lnkd.in/dUbs2vEd
We concluded our 33rd Annual General Meeting yesterday in the presence of our Board of Directors, scrutinizers, shareholders, and team members. Our Founder, Chairman, and Managing Director, Dr. Anand Deshpande, commenced the meeting by guiding attendees through Persistent's riveting journey over the last 33 years. CEO and Executive Director, Sandeep Kalra then took the floor to review our company's accomplishments, solutions, and global presence to help attendees better understand their company's expertise. Later, the platform was opened for questions from shareholders, which were thoroughly addressed by Board members. At the meeting's conclusion, the leadership team and attendees celebrated our milestone of achieving $1 Billion in annual revenue with a cake-cutting ceremony and attendee reception. We extend our heartfelt gratitude to all for joining us to celebrate our company's success together. Watch our entire Annual General Meeting 2023 here: https://bit.ly/3Y08Ksx
We are excited to share that our LinkedIn community now has 900K followers! We extend our heartfelt gratitude to all those who have supported us on our journey as we move ahead with a renewed sense of commitment to generating additional stakeholder value. The journey ahead contains immense possibilities, and we are excited to embark on it as we continue to #SeeBeyondRiseAbove!
Under the guidance of Dr. Anand Deshpande, Founder, Chairman, and Managing Director, and our CEO and Executive Director. Sandeep Kalra, our recent IIM strategic hires embarked on a transformative 3-day leadership connect program. This empowering journey is focused on fostering connections, shaping their success, and equipping them with the necessary insights, industry networking, and strategic thinking to make a lasting impact. This program has laid the foundation for these new joiners to collaborate with industry professionals, cultivate valuable relationships, and grow #ThePersistentWay, ultimately enabling them to thrive in their strategic roles.
We are delighted to share a few snapshots from the inauguration of our new Private Equity (PE) Value Creation Hub in Plano, Texas. This new facility marks a significant expansion of our operations within the PE industry and reinforces our commitment to serving global PE firms and their portfolio companies. With a focus on delivering expertise throughout the entire asset lifecycle, our presence in Plano will enhance our ability to navigate the dynamic ecosystem for the PE clients we serve.
