Persistent Systems zooms on strengthening ITES 360 relationship with Microsoft
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Persistent Systems is currently trading at Rs. 4008.30, up by 137.50 points or 3.55% from its previous closing of Rs. 3870.80 on the BSE.
The scrip opened at Rs. 3912.95 and has touched a high and low of Rs. 4012.00 and Rs. 3876.75 respectively. So far 5253 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 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. 4012.00 and Rs. 3764.05 respectively. The current market cap of the company is Rs. 30364.42 crore.
The promoters holding in the company stood at 31.26%, while Institutions and Non-Institutions held 45.73% and 22.99% respectively.
Persistent Systems is further strengthening its ITES 360 relationship with Microsoft by leveraging its cutting-edge technologies to increase agility and power the next phase of its growth. Among the fastest growing Digital Engineering firms, Persistent is investing in a modern tech stack from Microsoft that will cultivate a data-driven mindset, transform business operations, and keep pace with evolving client needs.
Persistent will utilize the Microsoft Viva platform to enhance employee experience, utilizing the advanced analytics baked into the platform. Employees are the Company’s most valuable assets and are essential to delivering best-in-class services. Given the flexible work models brought on by the pandemic, the Viva platform will transform the way Persistent understands and engages with its employees in real-time. The platform will also provide predictive insights by mapping key organizational metrics and give every employee the tools they need to be successful.
In collaboration with Microsoft, Persistent is building an organization-wide modern data fabric using market-leading Microsoft Azure cloud data lake offerings. The solution will drive reliability and speed across Persistent’s business functions and enable Machine Learning-based operational dashboards to visualize and optimize business outcomes. Persistent will also take the cloud data lake to its industry verticals, thereby expanding its go-to-market offerings.
Persistent Systems is a global company specializing in software product and technology services.
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