Persistent Systems announced that the Board of Directors of the Company at its meeting held on 22 January 2025, inter alia, have recommended the interim dividend of Rs 20 per equity Share (i.e. 400%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Persistent Systems rose 30.36% to Rs 372.99 crore in the quarter ended December 2024 as against Rs 286.13 crore during the previous quarter ended December 2023. Sales rose 22.58% to Rs 3062.28 crore in the quarter ended December 2024 as against Rs 2498.22 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3062.282498.22 23 OPM %17.5617.69 - PBDT564.15468.03 21 PBT482.04389.30 24 NP372.99286.13 30 Powered by Capital Market - Live

Persistent Systems has been assigned issuer rating of ICRA AA+; Stable. Powered by Capital Market - Live

Persistent Systems announced the launch of ContractAssIst, an AI-driven contract management solution developed in collaboration with Microsoft. Powered by Microsoft Azure, Microsoft 365 Copilot, Microsoft Teams, and advanced AI technologies, ContractAssIst simplifies workflows, enhances collaboration, and reduces operational complexity, enabling enterprises to achieve greater efficiency and optimize costs. Many enterprises struggle with tracking and managing their high volume of contracts from various vendors, leading to inefficiencies and lost productivity. ContractAssIst leverages Microsoft's robust technology ecosystem to deliver advanced contract management capabilities. Built on Azure AI, the solution ensures secure data handling, advanced search capabilities, and seamless compliance. It integrates with Microsoft 365 Copilot and Microsoft Teams, providing teams with real-time collaboration tools and AI-enabled decision support, while advanced models like GPT-3.5 and GPT-4 through Azure OpenAI Service enhance contract analysis with natural language processing. Observability tools like Elastic and Application Insights ensure scalability and transparency, making ContractAssIst a holistic contract management solution for enterprise needs. Addressing key challenges, ContractAssIst consolidates workflows into a centralized dashboard within Microsoft Teams. Its AI-powered chatbot enables conversational queries and offers intelligent suggestions within group chats, reducing delays and optimizing processes. Additional features include real-time version tracking, contract comparison, instant notifications, and approval summaries. Unlike other solutions on the market, which often rely on limited automation or standalone tools, ContractAssIst distinguishes itself through its deep integration with Microsoft technologies and its ability to deliver meaningful, timely intelligence. Its transparent and auditable workflows enhance internal contract management compliance, mitigating risks and ensuring that enterprises can optimize operations and make confident, data-driven decisions. Additional key benefits of ContractAssIst include: - Reduction in communication overhead with up to a 95% decrease in email communication - Enhanced productivity, saving 20-25 minutes per user daily through streamlined navigation and workflows - Significant cost savings, reducing annual licensing expenses Powered by Capital Market - Live

Persistent Systems announced the launch of Pi-OmniKG, an advanced AI-driven knowledge graph solution developed with Google Cloud technology. 'Omni' signifies the ability to universally handle diverse data, and 'KG' stands for Knowledge Graphs powered by GenAI. This innovative solution empowers healthcare and life sciences (HCLS) organizations to accelerate biomedical research, streamline data mining processes, and deliver insights with greater speed and accuracy. Pi-OmniKG is built using Google Cloud's advanced technologies ' including the Vertex AI platform, BigQuery, and Cloud SQL ' leveraging GenAI capabilities to streamline workflows, standardize data, and enable seamless integration of structured and unstructured datasets. Its intuitive interface allows researchers to query and visualize data, uncovering novel relationships and delivering high-quality insights backed by authentic citations. Persistent has been working with Google Cloud's cutting-edge AI and cloud technologies for over a decade to deliver transformative solutions that address complex industry challenges. The launch of Pi-OmniKG builds on the Strategic Partnership Agreement Persistent announced in June 2024, which strengthens the collaboration between the two organizations to support Persistent's development of AI-driven solutions across industries. It exemplifies Persistent's vision of providing a smarter, faster, and more accessible way for HCLS organizations to process biomedical data and drive innovation.Powered by Capital Market - Live

Persistent Systems will hold a meeting of the Board of Directors of the Company on 22 January 2025.Powered by Capital Market - Live

Persistent Systems has entered into an Asset Purchase Agreement with M/s. Soho Dragon Solutions India for the acquisition of its identified assets on 06 January 2025, subject to the satisfaction of customary closing conditions. The assets being acquired include select employees, contractors and a customer contract. The annual revenue from these assets is estimated to be $4.9 million. Soho is primarily in the business of providing IT services to BFSI customers. The total purchase consideration payable for the acquisition is $5.94 M. This includes: ' Upfront payment - $3.19 M ' Earnout - Maximum cumulative earnout of $2.48 M over three years. which is contingent on achievement of certain performance thresholds. ' Retention Payment -$0.27 M for retention of a few key employeesPowered by Capital Market - Live

Persistent Systems Ltd fell 3.22% today to trade at Rs 6422.85. The BSE Information Technology index is down 0.71% to quote at 43440.73. The index is up 1.54 % over last one month. Among the other constituents of the index, 63 Moons Technologies Ltd decreased 2.92% and Oracle Financial Services Software Ltd lost 2.58% on the day. The BSE Information Technology index went up 20.12 % over last one year compared to the 7.9% surge in benchmark SENSEX. Persistent Systems Ltd has added 8.73% over last one month compared to 1.54% gain in BSE Information Technology index and 2.28% drop in the SENSEX. On the BSE, 622 shares were traded in the counter so far compared with average daily volumes of 25611 shares in the past one month. The stock hit a record high of Rs 6788.8 on 20 Dec 2024. The stock hit a 52-week low of Rs 3232.6 on 04 Jun 2024.Powered by Capital Market - Live

J B Chemicals & Pharmaceuticals Ltd, Shoppers Stop Ltd, Natco Pharma Ltd, LTIMindtree Ltd are among the other stocks to see a surge in volumes on BSE today, 19 December 2024.Persistent Systems Ltd notched up volume of 1.06 lakh shares by 10:46 IST on BSE, a 5.15 fold spurt over two-week average daily volume of 20663 shares. The stock rose 0.00% to Rs.6,544.55. Volumes stood at 5997 shares in the last session.J B Chemicals & Pharmaceuticals Ltd saw volume of 8355 shares by 10:46 IST on BSE, a 2.99 fold spurt over two-week average daily volume of 2797 shares. The stock increased 2.93% to Rs.1,910.10. Volumes stood at 3267 shares in the last session.Shoppers Stop Ltd registered volume of 13173 shares by 10:46 IST on BSE, a 2.32 fold spurt over two-week average daily volume of 5680 shares. The stock rose 3.10% to Rs.655.15. Volumes stood at 28004 shares in the last session.Natco Pharma Ltd witnessed volume of 66086 shares by 10:46 IST on BSE, a 1.93 times surge over two-week average daily volume of 34246 shares. The stock increased 0.82% to Rs.1,457.70. Volumes stood at 16586 shares in the last session.LTIMindtree Ltd notched up volume of 12075 shares by 10:46 IST on BSE, a 1.65 fold spurt over two-week average daily volume of 7306 shares. The stock slipped 4.23% to Rs.6,298.40. Volumes stood at 2808 shares in the last session.Powered by Capital Market - Live

Persistent Systems Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5969.25, up 0.87% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.25% on the day, quoting at 24161.15. The Sensex is at 79896.82, down 0.27%. Persistent Systems Ltd has risen around 5.34% in last one month. Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has risen around 4.08% in last one month and is currently quoting at 43618.15, up 0.71% on the day. The volume in the stock stood at 2.32 lakh shares today, compared to the daily average of 4.28 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 5958.6, up 0.56% on the day. Persistent Systems Ltd is up 88.93% in last one year as compared to a 21.48% spurt in NIFTY and a 36.77% spurt in the Nifty IT index.The PE of the stock is 94.32 based on TTM earnings ending September 24.Powered by Capital Market - Live