Bombay:PERSISTENT

Persistent Launches Population Health Management Solution Using Microsoft Azure OpenAI Service

Retrieved on:

Thursday, February 8, 2024

EHR, Electronic health record, Senior, Social, Persistent, Social determinants of health, Patient, PHM, Ecosystem, Microsoft, Persistent Systems, IPS, Health, Monochorionic twins, Organization, Nursing

SANTA CLARA, Calif. and PUNE, India, Feb. 8, 2024 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) and (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, today launched an innovative Generative AI-powered Population Health Management (PHM) Solution in collaboration with Microsoft.

Key Points:

SANTA CLARA, Calif. and PUNE, India, Feb. 8, 2024 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) and (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, today launched an innovative Generative AI-powered Population Health Management (PHM) Solution in collaboration with Microsoft.
Leveraging Microsoft Azure OpenAI Service and Dynamics 365 Customer Insights, Persistent's PHM Solution identifies SDoH based on Electronic Health Records (EHR) data.
David Rhew, M.D., Global Chief Medical Officer & Vice President of Healthcare, Microsoft:
"The goal of population health management is to improve overall health of a population by applying cost-efficient interventions designed to promote better health for groups of individuals.
Leveraging Microsoft Azure OpenAI Service and Dynamics 365 Customer Insights to extract and track crucial SDoH data, Persistent's PHM Solution will yield personalized care recommendations and help reduce costs, ultimately contributing to enhanced care quality."

Persistent Delivers Steady Growth Revenue up 13.7% YoY, PAT up 20.2% YoY

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Saturday, January 20, 2024

Engineering, ACV, TCV, Fiscal year, Private equity, Chromatography, Dividend, Drug discovery, CNBC, Equity, Growth

SANTA CLARA, Calif. and PUNE, India, Jan. 20, 2024 /PRNewswire/ --

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In addition, the Board has recommended to the shareholders a resolution to split the face value of shares from ₹10 per share to ₹5 per share.
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent:
"We are proud to announce the 15th sequential quarter of growth and a significant milestone of our first-ever quarter of $300M+ in revenue and $500M+ in TCV bookings.
We are thankful for the ongoing trust and support of our valued clients and partners, which has led to our sustained growth.
We were recognized as the "Most Promising Company" of the Year at the 2023 CNBC-TV18 India Business Leader Awards, acknowledging our sustained momentum.

Persistent Delivers Steady Growth Revenue up 13.7% YoY, PAT up 20.2% YoY

Retrieved on:

Saturday, January 20, 2024

Engineering, ACV, TCV, Fiscal year, Private equity, Chromatography, Dividend, Drug discovery, CNBC, Equity, Growth

SANTA CLARA, Calif. and PUNE, India, Jan. 20, 2024 /PRNewswire/ --

Key Points:

In addition, the Board has recommended to the shareholders a resolution to split the face value of shares from ₹10 per share to ₹5 per share.
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent:
"We are proud to announce the 15th sequential quarter of growth and a significant milestone of our first-ever quarter of $300M+ in revenue and $500M+ in TCV bookings.
We are thankful for the ongoing trust and support of our valued clients and partners, which has led to our sustained growth.
We were recognized as the "Most Promising Company" of the Year at the 2023 CNBC-TV18 India Business Leader Awards, acknowledging our sustained momentum.

Persistent Announces Strategic Collaboration Agreement with AWS to Accelerate Generative AI Adoption

Retrieved on:

Thursday, January 4, 2024

Regeneron Pharmaceuticals, Ides, Digital, AWS, API, Synthetic media, Research, FMS, Amazon, Engineering, Persistent Systems, Growth, Investment, SCA, Persistent, Amazon Web Services, Senior

SANTA CLARA, Calif. and PUNE, India, Jan. 4, 2024 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, announced a multi-year Strategic Collaboration Agreement with Amazon Web Services (AWS) to accelerate the pace of innovation and development of generative AI solutions for clients.

Key Points:

SANTA CLARA, Calif. and PUNE, India, Jan. 4, 2024 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, announced a multi-year Strategic Collaboration Agreement with Amazon Web Services (AWS) to accelerate the pace of innovation and development of generative AI solutions for clients.
Persistent is a long-standing AWS Partner and has a proven track record of early scale generative AI adoption across multiple industry verticals leveraging services like Amazon CodeWhisperer and Amazon Bedrock.
This strategic collaboration with AWS will help Persistent to further increase the impact it delivers to its clients that are embracing generative AI.
Through this teaming, Persistent will have access to additional resources from AWS to build proofs of concept to help clients identify tangible business outcomes from generative AI.

Persistent Announces Strategic Collaboration Agreement with AWS to Accelerate Generative AI Adoption

Retrieved on:

Thursday, January 4, 2024

Regeneron Pharmaceuticals, Ides, Digital, AWS, API, Synthetic media, Research, FMS, Amazon, Engineering, Persistent Systems, Growth, Investment, SCA, Persistent, Amazon Web Services, Senior

SANTA CLARA, Calif. and PUNE, India, Jan. 4, 2024 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, announced a multi-year Strategic Collaboration Agreement with Amazon Web Services (AWS) to accelerate the pace of innovation and development of generative AI solutions for clients.

Key Points:

SANTA CLARA, Calif. and PUNE, India, Jan. 4, 2024 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, announced a multi-year Strategic Collaboration Agreement with Amazon Web Services (AWS) to accelerate the pace of innovation and development of generative AI solutions for clients.
Persistent is a long-standing AWS Partner and has a proven track record of early scale generative AI adoption across multiple industry verticals leveraging services like Amazon CodeWhisperer and Amazon Bedrock.
This strategic collaboration with AWS will help Persistent to further increase the impact it delivers to its clients that are embracing generative AI.
Through this teaming, Persistent will have access to additional resources from AWS to build proofs of concept to help clients identify tangible business outcomes from generative AI.

Persistent Expands Executive Leadership Team in Support of Its Ambitious Growth Plans

Retrieved on:

Friday, December 1, 2023

Additionally, he will spearhead non-linear growth, encompassing M&A, investments, growth through private equity channels, and large deals, fuelling Persistent's next phase of expansion.

Key Points:

Additionally, he will spearhead non-linear growth, encompassing M&A, investments, growth through private equity channels, and large deals, fuelling Persistent's next phase of expansion.
Prior to that, he served as Chief Executive Officer at GoDaddy India, where he was instrumental in the company's establishment and growth in India and Australia.
The addition of four outstanding leaders further strengthens our team, enhancing our commitment to clients, partners, shareholders, and employees.
I am thrilled to welcome them aboard as we continue to explore and expand our growth horizons."

Persistent Expands Executive Leadership Team in Support of Its Ambitious Growth Plans

Retrieved on:

Friday, December 1, 2023

Additionally, he will spearhead non-linear growth, encompassing M&A, investments, growth through private equity channels, and large deals, fuelling Persistent's next phase of expansion.

Key Points:

Additionally, he will spearhead non-linear growth, encompassing M&A, investments, growth through private equity channels, and large deals, fuelling Persistent's next phase of expansion.
Prior to that, he served as Chief Executive Officer at GoDaddy India, where he was instrumental in the company's establishment and growth in India and Australia.
The addition of four outstanding leaders further strengthens our team, enhancing our commitment to clients, partners, shareholders, and employees.
I am thrilled to welcome them aboard as we continue to explore and expand our growth horizons."

Persistent Reports Strong Quarter with Revenue Up 3.1% Q-o-Q and 14.1% Y-o-Y Order bookings exceed $475M in Total Contract Value

Retrieved on:

Wednesday, October 18, 2023

Cloud, Monochorionic twins, Public, Radiology, Challenger, Persistent, TCV, Corporate governance, ACV, Health, Magic, Sales

Our proactive approach and ability to adapt has enabled us to thrive in this uncertain macroeconomic environment leading to our highest-ever TCV with more than $475M in bookings in Q2FY24.

Key Points:

Our proactive approach and ability to adapt has enabled us to thrive in this uncertain macroeconomic environment leading to our highest-ever TCV with more than $475M in bookings in Q2FY24.
We remain steadfast in our endeavor to excel and are confident in our ability to build on this success.
I am also extremely proud to share that we won the Golden Peacock Award for Excellence in Corporate Governance for 2023.
The order booking for the quarter ended on September 30, 2023, was at $479.3 million in Total Contract Value (TCV) and at $315.9 million in Annual Contract Value (ACV) terms.

Persistent Cited as a Leader in Everest Group's Payments IT Services PEAK Matrix® Assessment 2023

Retrieved on:

Thursday, August 31, 2023

Monochorionic twins, BSE, Persistent Systems, API, PEAK, Fintech, Persistent, Organization, NSE, Investment, Engineering, Assessment, Growth, Ecosystem, Bank, Cryptocurrency, Retail

SANTA CLARA, Calif. and PUNE, India, Aug. 31, 2023 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization provider, has been named a Leader in Everest Group's Payments IT Services PEAK Matrix® Assessment 2023. This recognition reflects Persistent's differentiated expertise in the payments industry that empowers businesses to modernize their infrastructure with fast, flexible, and secure payment solutions.

Key Points:

Recognized for differentiated industry accelerators, deep domain expertise, vast partner ecosystem, and strategic investments
SANTA CLARA, Calif. and PUNE, India, Aug. 31, 2023 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization provider, has been named a Leader in Everest Group's Payments IT Services PEAK Matrix® Assessment 2023 .
Today's interconnected business landscape and increasing emphasis on digital experiences have amplified the need for payments modernization and transformation for most organizations.
In its first edition of the Payments IT Services PEAK Matrix® Assessment, Everest Group evaluated 30 leading payments IT service providers based on their capabilities and market impact.
Focused messaging to bake-in industry context, as well as strong recognition by clients on domain expertise and application development, have helped Persistent to earn a Leader recognition in Everest Group's Payments IT Services PEAK Matrix® Assessment 2023."

Persistent Cited as a Leader in Everest Group's Payments IT Services PEAK Matrix® Assessment 2023

Retrieved on:

Thursday, August 31, 2023

Monochorionic twins, BSE, Persistent Systems, API, PEAK, Fintech, Persistent, Organization, NSE, Investment, Engineering, Assessment, Growth, Ecosystem, Bank, Cryptocurrency, Retail

SANTA CLARA, Calif. and PUNE, India, Aug. 31, 2023 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization provider, has been named a Leader in Everest Group's Payments IT Services PEAK Matrix® Assessment 2023. This recognition reflects Persistent's differentiated expertise in the payments industry that empowers businesses to modernize their infrastructure with fast, flexible, and secure payment solutions.

Key Points:

Recognized for differentiated industry accelerators, deep domain expertise, vast partner ecosystem, and strategic investments
SANTA CLARA, Calif. and PUNE, India, Aug. 31, 2023 /PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization provider, has been named a Leader in Everest Group's Payments IT Services PEAK Matrix® Assessment 2023 .
Today's interconnected business landscape and increasing emphasis on digital experiences have amplified the need for payments modernization and transformation for most organizations.
In its first edition of the Payments IT Services PEAK Matrix® Assessment, Everest Group evaluated 30 leading payments IT service providers based on their capabilities and market impact.
Focused messaging to bake-in industry context, as well as strong recognition by clients on domain expertise and application development, have helped Persistent to earn a Leader recognition in Everest Group's Payments IT Services PEAK Matrix® Assessment 2023."