Persistent Systems rises on expanding relationship with AWS
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Persistent Systems is currently trading at Rs. 5011.00, up by 31.00 points or 0.62% from its previous closing of Rs. 4980.00 on the BSE.
The scrip opened at Rs. 4980.10 and has touched a high and low of Rs. 5036.10 and Rs. 4968.45 respectively. So far 8265 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5278.50 on 02-Jun-2023 and a 52 week low of Rs. 3091.65 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 5278.50 and Rs. 4902.10 respectively. The current market cap of the company is Rs. 38471.73 crore.
The promoters holding in the company stood at 31.26%, while Institutions and Non-Institutions held 48.14% and 20.58% respectively.
Persistent Systems is strengthening its relationship with Amazon Web Services (AWS) and becoming a collaborator for the latest Generative AI services from AWS. As part of its goal to drive developer productivity, Persistent will equip its 16,000 plus engineering organization to use Amazon CodeWhisperer to build and deliver industry applications faster and more securely for enterprise clients. Trained on billions of lines of code, Amazon CodeWhisperer will help enable Persistent engineers to generate code with comments or existing code, helping them bypass time-consuming development tasks and accelerate their creation of new solutions.
Over the last decade, Persistent has continually expanded its relationship with AWS. As a leader in democratizing access to artificial intelligence (AI) and machine learning (ML) technologies, AWS plays a key role in making Generative AI easy, secure, and cost effective for clients. This includes a broad range of solutions, such as Amazon CodeWhisperer, Amazon Bedrock, and Amazon Titan FMs, along with purpose-built chips for ML training (AWS Trainium) and inference (AWS Inferentia) that offer the lowest cost for training models and running inference in the cloud.
Persistent has been working with transformer models and in the AI space for over two years, building its capabilities, accelerators, and client engagements. The Company is dedicated to bringing Generative AI at scale in a safe, trusted, and cost-effective manner.
Persistent Systems is a global company specializing in software product and technology services.
