Persistent Systems rises on entering into strategic partnership agreement with Google Cloud
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Persistent Systems is currently trading at Rs. 3746.85, up by 5.30 points or 0.14% from its previous closing of Rs. 3741.55 on the BSE.
The scrip opened at Rs. 3799.55 and has touched a high and low of Rs. 3799.55 and Rs. 3728.65 respectively. So far 9149 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4489.93 on 19-Feb-2024 and a 52 week low of Rs. 2318.83 on 03-Aug-2023.
Last one week high and low of the scrip stood at Rs. 3879.00 and Rs. 3353.05 respectively. The current market cap of the company is Rs. 57922.80 crore.
The promoters holding in the company stood at 31.02%, while Institutions and Non-Institutions held 50.84% and 18.15% respectively.
Persistent Systems has entered into long-term strategic partnership agreement with Google Cloud for expanded reach across the US, India, UK, and Australia. This agreement focuses on driving joint go-to-market activities and accelerating digital transformation for enterprises globally. Using Google Cloud’s Gemini models, along with other innovative Google technologies, the company will develop industry-specific solutions to drive broad-based GenAI adoption. The agreement will enable Google Cloud and Persistent to deliver market-leading solutions that help enterprises maximize the ROI from their cloud investments while modernizing their infrastructure and data stack.
Under this strategic agreement, the company will leverage its deep domain expertise, combined with Google Cloud’s advanced platforms and AI, to create innovative solutions tailored for the BFSI, Healthcare and Life Sciences, Communications, Media and Telecom, Consumer Tech, and Hi-Tech industries. It will accelerate the adoption of emerging AI-driven technologies and create unique value propositions for clients as they receive early access to the new offerings. The collaboration will also lead to rapid deployment of services and comprehensive support to clients, enhancing overall customer satisfaction. Furthermore, the company will have access to additional resources from Google Cloud to build new solutions, leading to faster time-to-market.
Persistent Systems is a global company specializing in software product and technology services.
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