{"id":34700,"date":"2026-06-08T10:16:37","date_gmt":"2026-06-08T04:46:37","guid":{"rendered":"https:\/\/fundsindia.com\/blog\/?p=34700"},"modified":"2026-06-08T12:10:38","modified_gmt":"2026-06-08T06:40:38","slug":"alpha-persistent-systems-ltd-equity-research-desk","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-persistent-systems-ltd-equity-research-desk\/34700","title":{"rendered":"Alpha | Persistent Systems Ltd. &#8211; Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/Persistent-Systems-Ltd-.png\"><img loading=\"lazy\" width=\"1024\" height=\"512\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/Persistent-Systems-Ltd--1024x512.png\" alt=\"\" class=\"wp-image-34711\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/Persistent-Systems-Ltd--1024x512.png 1024w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/Persistent-Systems-Ltd--300x150.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/Persistent-Systems-Ltd--768x384.png 768w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/Persistent-Systems-Ltd--1536x768.png 1536w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/Persistent-Systems-Ltd-.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h2><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">Persistent Systems Ltd\u00a0 &#8211; Re(AI)magining the World<\/span><\/strong><\/h2>\n\n\n\n<p>Incorporated in 1990 and headquartered in Pune, Persistent Systems Limited is an AI-led, platform-driven digital engineering and enterprise modernization company that partners with global enterprises across the software development and technology transformation lifecycle. Its business is organised across three industry verticals &#8211; Software, Hi-Tech &amp; Emerging Industries; Banking, Financial Services &amp; Insurance (BFSI); and Healthcare &amp; Life Sciences &#8211; and is anchored on three AI pillars: Engineering Hyper-Productivity, Business Hyper-Productivity, and Enterprise Data Readiness, underpinned by proprietary platforms SASVA, iAURA and GenAI Hub. Persistent serves 20 of the Fortune 50, including 7 of the top 10 technology companies and 4 of the top 5 banks in both the US and India, delivered through a 27,502-strong workforce spread across North America, India, Europe and the rest of the world. As of March 31, 2026, the company held a portfolio of 121 patents spanning AI infrastructure, data intelligence and autonomous agents.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-14.png\"><img loading=\"lazy\" width=\"746\" height=\"421\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-14.png\" alt=\"\" class=\"wp-image-34720\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-14.png 746w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-14-300x169.png 300w\" sizes=\"(max-width: 746px) 100vw, 746px\" \/><\/a><\/figure>\n\n\n\n<h2><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">Products and Services<\/span><\/strong><\/h2>\n\n\n\n<ul><li><strong>Banking, Financial Services &amp; Insurance (BFSI)<\/strong> \u2014 The largest and fastest-growing vertical, contributing 34.5% of Q4FY26 revenue (FY26: 34.6%), up from 31.6% in FY25. Persistent serves 4 of the top 5 banks in both the US and India and top 3 of the top 5 fintechs. Service offerings within BFSI span core banking and insurance platform modernization (including COBOL-to-cloud migration), payments infrastructure (FedNow, real-time settlement), enterprise data modernization for regulatory compliance (BASEL, AML, KYC, DORA), and agentic AI-led digital underwriting and cost transformation.\u00a0<\/li><li><strong>Healthcare &amp; Life Sciences (HL&amp;S)<\/strong> &#8211; Contributing 26.3% of Q4FY26 revenue (FY26: 25.6%), Persistent works with 2 of the top 5 health providers and payors, 3 of the top 5 pharmaceutical companies, and 4 of the top 5 clinical research organizations. Offerings include care management platform engineering, clinical and research data unification, AI-driven drug discovery (protein structure prediction, molecular simulation via NVIDIA BioNeMo), and cloud-native CRO platform transformation.\u00a0<\/li><li><strong>Software, Hi-Tech &amp; Emerging Industries<\/strong> &#8211; The largest vertical by revenue at 39.2% of Q4FY26 (FY26: 39.8%), serving 7 of the top 10 global technology companies. This vertical anchors Persistent&#8217;s AI-led SDLC proposition &#8211; engineering hyper-productivity via SASVA &#8211; alongside product engineering, platform carve-outs, SAP services, and software-to-cloud transformation for technology and industrial companies.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/Revenue-Breakup-FY26-_-Total-Revenue-FY26-Rs.-14748-crore.png\"><img loading=\"lazy\" width=\"507\" height=\"477\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/Revenue-Breakup-FY26-_-Total-Revenue-FY26-Rs.-14748-crore.png\" alt=\"\" class=\"wp-image-34713\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/Revenue-Breakup-FY26-_-Total-Revenue-FY26-Rs.-14748-crore.png 507w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/Revenue-Breakup-FY26-_-Total-Revenue-FY26-Rs.-14748-crore-300x282.png 300w\" sizes=\"(max-width: 507px) 100vw, 507px\" \/><\/a><\/figure>\n\n\n\n<p><strong>Subsidiaries<\/strong>: As of FY26, the company has 21 subsidiaries and one controlled ESOP trust.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-8.png\"><img loading=\"lazy\" width=\"828\" height=\"313\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-8.png\" alt=\"\" class=\"wp-image-34704\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-8.png 828w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-8-300x113.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-8-768x290.png 768w\" sizes=\"(max-width: 828px) 100vw, 828px\" \/><\/a><\/figure>\n\n\n\n<h2><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">Investment Rationale<\/span><\/strong><\/h2>\n\n\n\n<ul><li><strong>AI-led, platform driven model<\/strong> &#8211; Persistent&#8217;s defining feature is its ability to position the GenAI\/SDLC disruption as a net tailwind rather than a threat. The &#8220;Sixth Orbit&#8221; strategy is anchored on three AI pillars \u2014 Engineering, Business Hyper-Productivity and Enterprise Data Readiness \u2014 operationalised through proprietary platforms SASVA, iAURA and GenAI Hub, a 500+ agent portfolio, and 121 patents. Critically, SASVA runs as a model-agnostic native layer integrating Anthropic, OpenAI, Copilot and Gemini, letting Persistent monetise client tool choices rather than be disintermediated. Management has guided a $2 billion revenue for FY27, with the June 2026 AI Investor Day serving as a near-term catalyst.\u00a0<\/li><li><strong>Steady margin expansion underpinned by operating leverage and capital efficiency &#8211; <\/strong>Beyond growth, the quality of earnings is improving. FY26 EBIT margin expanded 90bps YoY to 15.6% (EBIT +31.5%, PAT +33.2%), with management reaffirming a 16-17% aspiration while explicitly prioritising growth and capability investment over near-term margin capture. The company demonstrates disciplined execution: ROCE of 44.4% and ROE of 26.3% rank among the best in the sector, while OCF\/PAT strengthened to 94.7% in FY26 from 82.6% in FY25, indicating strong cash conversion.\u00a0<\/li><li><strong>Growth spread across many clients and a strong deal pipeline<\/strong> &#8211; Persistent&#8217;s growth is broad-based rather than dependent on a handful of accounts. Its banking and financial services (BFSI) vertical led the way in FY26 with 28.4% growth, supported by steady momentum in healthcare and technology. The client base is also deepening \u2014 the number of clients generating over $5 million in annual business rose from 55 to 62, and those above $1 million grew from 191 to 201 over the year. The deal pipeline backs this up: total contract value (TCV, the worth of all deals signed) reached about $2.4 billion for FY26, and headlined by a marquee new SAP services deal worth over $50 million. With its largest clients steadily expanding while overall concentration stays controlled, the business looks well-diversified and resilient.<\/li><li><strong>Q4FY26<\/strong> &#8211; During the quarter, Persistent reported consolidated revenue of \u20b94,055.9 crore, up 25.1% YoY, marking its 24th consecutive quarter of growth. The higher rupee-terms growth was partly helped by a weaker rupee, with the average exchange rate at \u20b993.0 per dollar versus \u20b986.4 a year earlier. Operating profit (EBIT) rose 30.5% YoY to \u20b9659.2 crore, with the EBIT margin improving 70 basis points YoY to 16.3%. Net profit grew 33.7% YoY to \u20b9529.3 crore translating to a net margin of 13.1%.\u00a0<\/li><li><strong>FY26<\/strong> &#8211; For the full year, consolidated revenue stood at \u20b914,748.4 crore, up 23.5% YoY in rupee terms (17.4% in dollar terms). Operating profit (EBIT) grew 31.5% YoY to \u20b92,303.5 crore, with the EBIT margin expanding 90 basis points to 15.6% (including a small ~0.6% one-time impact from the new labour codes). Net profit rose 33.2% YoY to \u20b91,865.1 crore, with the net margin at 12.6% and EPS at \u20b9119.7. The Board recommended a final dividend of \u20b918 per share, taking the total FY26 dividend to \u20b940 per share, up from \u20b935 in FY25.<\/li><li><strong>Financial Performance<\/strong> &#8211; The 3-year revenue and net profit CAGR stands at 21% and 28% respectively between FY24-26. The company has a debt-to-equity ratio of 0.06. The 3-year average ROE and ROCE are around 25% and 31%.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-10.png\"><img loading=\"lazy\" width=\"756\" height=\"378\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-10.png\" alt=\"\" class=\"wp-image-34706\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-10.png 756w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-10-300x150.png 300w\" sizes=\"(max-width: 756px) 100vw, 756px\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-11.png\"><img loading=\"lazy\" width=\"752\" height=\"221\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-11.png\" alt=\"\" class=\"wp-image-34707\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-11.png 752w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-11-300x88.png 300w\" sizes=\"(max-width: 752px) 100vw, 752px\" \/><\/a><\/figure>\n\n\n\n<h2><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">Industry Overview<\/span><\/strong><\/h2>\n\n\n\n<p>The Indian IT-BPM sector has emerged as a critical pillar of the economy, with revenue estimated at \u20b925,68,159 crores (US$297 billion) in FY25, growing at a CAGR of ~9.2% from \u20b910,42,915 crores (US$167 billion) in FY18. Export revenue reached \u20b920,14,751 crores (US$233 billion) in FY25, registering 16.5% growth from US$200 billion in FY24, with IT services accounting for 66% of total exports, followed by Business Process Management at 26% and Engineering R&amp;D and software products at 8%. The sector directly employs 5.8 million professionals, with India ranking third globally among startup ecosystems with over 68,000 tech startups and improving seven places to 38th in the 2024 Global Innovation Index. The computer software and hardware sector attracted cumulative FDI inflows of \u20b98,31,772 crores (US$110.16 billion) between April 2000\u2013June 2025, ranking second in sectoral FDI and contributing 15.54% of total cumulative FDI equity inflows. India&#8217;s IT sector is on track to double revenue to \u20b943,23,500 crores (US$500 billion) by 2030, driven by AI adoption, cloud transformation, and expansion of Global Capability Centers expected to generate 22\u201325% of net new white-collar tech jobs.<\/p>\n\n\n\n<h2><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">Growth Drivers<\/span><\/strong><\/h2>\n\n\n\n<ul><li><strong>AI and emerging technology proliferation<\/strong><br>India&#8217;s AI market is projected to reach US$131.31 billion by 2032 at a CAGR of 42.2%, with AI expected to contribute US$957 billion to GDP by 2035, supported by the IndiaAI Mission&#8217;s \u20b910,300 crores (US$1.19 billion) five-year allocation underpinned by deployment of 38,000 GPUs.<\/li><li><strong>Cloud adoption and data center expansion<\/strong><br>India&#8217;s public cloud services market is projected to reach US$13 billion by 2026 and US$17.8 billion by 2027, with data center capacity expected to triple from ~870 MW in 2023 to 2,500 MW by 2027, driving the broader market to US$15 billion by 2030 on the back of 850 million+ internet users and 10 billion+ monthly UPI transactions.<\/li><li><strong>Expanding Global Capability Centers and geographic diversification<\/strong><br>GCCs are expected to generate 1.2 million of the 4.7 million new tech jobs projected by 2027, with the GCC workforce projected to reach 3.46 million by 2030, while non-metro cities drove over 50% IT hiring growth in H1 2025 at ~30% cost savings over metro alternatives.<\/li><\/ul>\n\n\n\n<h2><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">Peer Analysis<\/span><\/strong><\/h2>\n\n\n\n<p>Competitors: Mphasis Ltd, Coforge Ltd etc.<br>The company boasts an industry leading return profile, and demonstrates disciplined capital allocation and superior margins, while maintaining an unencumbered balance sheet.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-12.png\"><img loading=\"lazy\" width=\"795\" height=\"321\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-12.png\" alt=\"\" class=\"wp-image-34708\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-12.png 795w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-12-300x121.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-12-768x310.png 768w\" sizes=\"(max-width: 795px) 100vw, 795px\" \/><\/a><\/figure>\n\n\n\n<h2><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">Outlook<\/span><\/strong><\/h2>\n\n\n\n<p>Persistent does not provide formal financial guidance, but management&#8217;s commentary points to continued healthy growth in FY27. The company reaffirmed its target of reaching a $2 billion annualised revenue run-rate &#8211; around \u20b917,800 crore a year by the end of FY27, with healthcare &amp; life sciences and BFSI to lead and run neck-and-neck in FY27, followed by the technology vertical &#8211; a modest shift from FY26, when BFSI was the clear standout. On profitability, it has reiterated an aspiration to operate in the 16-17% EBIT margin range, while making clear that revenue growth and continued investment in AI capabilities take priority over near-term margin gains.\u00a0 AI adoption is expected to accelerate over the coming quarters, led by technology clients who adopt fastest, while regulated sectors like banking and healthcare move more gradually from pilots to enterprise-wide rollouts, albeit, acknowledging that AI could compress some traditional software-development work, particularly in technology which is expected to be more than offset by winning incremental market share.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-13.png\"><img loading=\"lazy\" width=\"1024\" height=\"473\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-13-1024x473.png\" alt=\"\" class=\"wp-image-34709\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-13-1024x473.png 1024w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-13-300x139.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-13-768x355.png 768w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2026\/06\/image-13.png 1251w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h2><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">Valuation\u00a0<\/span><\/strong><\/h2>\n\n\n\n<p>Persistent&#8217;s strong positioning in the AI adoption wave and well diversified business verticals position it to capitalize the AI driven industry tailwinds. We recommend a <em>BUY<\/em> rating on the stock with a target price (TP) of Rs. 6,037, 37x FY28E EPS, an upside potential of ~20%. We also encourage maintaining a stop-loss at 20% from the entry price to manage potential downside risk effectively.<\/p>\n\n\n\n<h2><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">SWOT Analysis<\/span><\/strong><\/h2>\n\n\n\n<table style=\"width:100%; border-collapse:collapse; font-family:Arial, sans-serif; font-size:14px;\">\n  <tr>\n    <td style=\"width:50%; background-color:#1a7a4a; color:#ffffff; font-weight:bold; padding:10px 12px; text-align:center; border:1px solid #ccc;\">Strength<\/td>\n    <td style=\"width:50%; background-color:#e67e22; color:#ffffff; font-weight:bold; padding:10px 12px; text-align:center; border:1px solid #ccc;\">Weakness<\/td>\n  <\/tr>\n  <tr>\n    <td style=\"padding:12px; vertical-align:top; border:1px solid #ccc; background-color:#eafaf1;\">\n      <ul style=\"margin:0; padding-left:16px; line-height:1.7;\">\n        <li>Dominant mind-share among ISV and enterprise clients, with a track record of above-industry revenue growth at 23%+ CAGR over FY21-26.<\/li>\n        <li>Deep engineering DNA and outcome-based delivery model \u2014 23,500+ engineers, 17 global delivery centres, and a partner-of-choice positioning with hyperscalers (AWS, Microsoft, Google Cloud).<\/li>\n      <\/ul>\n    <\/td>\n    <td style=\"padding:12px; vertical-align:top; border:1px solid #ccc; background-color:#fef5e7;\">\n      <ul style=\"margin:0; padding-left:16px; line-height:1.7;\">\n        <li>High client concentration with top-10 clients contributing a disproportionate share of revenue, leaving earnings sensitive to budget cycles and vendor consolidation at key accounts.<\/li>\n        <li>Margin headroom constrained by wage inflation and the ongoing shift to outcome-based contracts, with EBIT margins historically trailing larger-cap peers.<\/li>\n      <\/ul>\n    <\/td>\n  <\/tr>\n  <tr>\n    <td style=\"background-color:#2471a3; color:#ffffff; font-weight:bold; padding:10px 12px; text-align:center; border:1px solid #ccc;\">Opportunities<\/td>\n    <td style=\"background-color:#c0392b; color:#ffffff; font-weight:bold; padding:10px 12px; text-align:center; border:1px solid #ccc;\">Threats<\/td>\n  <\/tr>\n  <tr>\n    <td style=\"padding:12px; vertical-align:top; border:1px solid #ccc; background-color:#eaf4fb;\">\n      <ul style=\"margin:0; padding-left:16px; line-height:1.7;\">\n        <li>Long runway in AI-led software product engineering as ISV clients modernise platforms and embed generative AI, with Persistent well-positioned to capture engineering R&#038;D spend.<\/li>\n        <li>Geographic underpenetration in Europe and GCC expansion creating incremental demand for digital engineering services.<\/li>\n      <\/ul>\n    <\/td>\n    <td style=\"padding:12px; vertical-align:top; border:1px solid #ccc; background-color:#fdedec;\">\n      <ul style=\"margin:0; padding-left:16px; line-height:1.7;\">\n        <li>Intensifying competition from larger IT majors (Infosys, Wipro, LTIMindtree) moving down-market into product engineering and outcome-based contracts, compressing deal pricing.<\/li>\n        <li>Rupee appreciation or prolonged client-side budget freezes in the US &#8211; which accounts for ~80% of revenue &#8211; could materially impact reported earnings.<\/li>\n      <\/ul>\n    <\/td>\n  <\/tr>\n<\/table>\n\n\n\n\n<p><a href=\"https:\/\/www.fundsindia.com\/user\/equity?utm_source=clicks&amp;utm_medium=Blog&amp;utm_campaign=Alpha_Blog_Clicks&amp;utm_term=Blog_CTA\"><img loading=\"lazy\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXceS__GzRS05ubM2opGwf3LkP5BWGjd0wY0nxrnt_yWACJbd9vZEZc0CSi02xWxObbTrv9Xj4_J0fNjfyYBjCMDsCUCQ1VkTZNr6yPlKsknTTO0RAiMxDRumhCaY8KArzlK1m_VJYk1N6Pa1mSpegI?key=HdXWVtHJW8EEqiLEr-EHwsuq\" width=\"300\" height=\"43\"><\/a><\/p>\n\n\n\n<p><strong>Disclaimer<\/strong>: Investments in the securities market are subject to market risks, read all related documents carefully before investing. Securities quoted here are exemplary, not recommendatory. Please consult your financial advisor before investing. Please note that we do not guarantee any assured returns for the securities quoted here.<\/p>\n\n\n\n<p>Research disclaimer: Investment in the securities market is subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n\n\n\n<p>For more details, please read the <a href=\"https:\/\/fundsindia-marketing-assets.s3.ap-south-1.amazonaws.com\/Disclaimer-final.pdf\">disclaimer.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Persistent Systems Ltd\u00a0 &#8211; Re(AI)magining the World Incorporated in 1990 and headquartered in Pune, Persistent Systems Limited is an AI-led, platform-driven digital engineering and enterprise modernization company that partners with global enterprises across the software development and technology transformation lifecycle. Its business is organised across three industry verticals &#8211; Software, Hi-Tech &amp; Emerging Industries; Banking, [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":34711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[744,1063,1078,903,1299,1257,614,1246],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Persistent Systems Ltd: Re(AI) magining the Future of Digital Engineering<\/title>\n<meta name=\"description\" content=\"AI-Led Innovation, Strong Deal Momentum &amp; Enterprise Modernisation Driving Sustainable Long-Term Growth\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/alpha-persistent-systems-ltd-equity-research-desk\/34700\" \/>\n<meta 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