Persistent Systems’ Revenue Grows 11.1% QoQ #2
The Pune-headquartered company also recorded its highest-ever Total Contract Value (TCV) booking of USD 394 million
Persistent Systems today announced the company’s audited financial results for the quarter ended June 30, 2022, as approved by the Board of Directors. The quarterly results saw the company post 11.1 per cent sequential and 44.8 per cent year-over-year growth. In quarter that ended on June 30, 2022, Persistent Systems also recorded its highest-ever Total Contract Value (TCV) booking of USD 394 million and at USD 263 million in Annual Contract Value (ACV).
“We would like to thank Pradeep Bhargava, Guy Eiferman and Thomas Kendra for their guidance and encouragement during their tenure as Board members. We are pleased to welcome Arvind Goel, Dr. Ambuj Goyal and Dan’l Lewin as Directors to the Board of Persistent Systems Ltd. Their vast expertise and experience add significant value as we embark on the next phase of our growth journey”, said Anand Deshpande, Founder, Chairman and Managing Director, Persistent Systems.
During the quarter, the company saw its headcount grow over 21,500. “We are delighted to start the new fiscal year with an exceptional performance — delivering 11.1 per cent sequential and 44.8 per cent year-over-year growth as well as our highest ever TCV booking of USD 394M. We strengthened our team by adding over 3,000 colleagues, pushing us beyond the 20,000-employee mark”, said Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems.