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We’re delighted to share that we continued our growth momentum as we reported $291.71M in revenue in Q2 FY24, delivering 14.1% year-over-year revenue growth. Our focus on client-centricity has enabled us to register the highest-ever TCV with more than $475M in the current quarter. Our unwavering dedication to deliver client value and commitment to be the ecosystem orchestrator of choice have empowered us to push boundaries and strive for even greater success in the future.
Amid the Generative AI (GenAI) gold rush, where headlines herald the promise of a technological revolution, organizations must pause and reflect on the key takeaways from this frenzy. In this insightful article in ITPro Today, our Chief Delivery Officer, Dr. Rajesh Gharpure, highlights the importance of having a well-considered adoption plan for GenAI. He discusses the need for organizations to carefully consider where they can implement GenAI in order to increase productivity and efficiency while also remaining cautious of any potential pitfalls during execution to unlock the full potential of this technology.
One of today’s most extraordinary tech trends is Generative AI. We collaborated with AWS for Persistent's AWS Generative AI Tech Day at Persistent University to educate the public about the topic. As part of this event, the Amazon SageMaker and Amazon Bedrock workshops covered a wide range of topics including an in-depth exploration of foundational models, sessions on Generative AI fundamentals, and finally some exciting work with Amazon CodeWhisperer. Participants gained invaluable insights into the world of Generative AI — many thanks to all who attended!
We are thrilled to announce that Persistent has been honored with the 2023 Golden Peacock Award for Excellence in Corporate Governance within the IT sector. This prestigious recognition by the Institute of Directors (IOD), India, a global benchmark for corporate excellence, underscores our unwavering commitment to exceptional governance. Our efforts include fostering a compliance-friendly environment to enhance transparency and accountability, conducting regular board sessions to address current global business dynamics, maintaining a zero-tolerance stance against unethical practices, establishing a unique stakeholders relationship committee to engage with key partners, and driving focused ESG initiatives alongside CSR activities through the Persistent Foundation, creating a positive impact on our society.
Live from UiPath Forward VI in Las Vegas! Persistent Systems is thrilled to announce that we've been honored with the 2023 Americas Partner Award in Innovation category for one of our most successful projects! This recognition highlights our unwavering commitment to push the boundaries of innovation in automation and technology. This achievement wouldn't have been possible without our incredible team, visionary clients, and transformative partnerships. Bravo! We extend our heartfelt thanks to UiPath for their continued support and trust in our innovation journey. Together, we're shaping the future of automation.
Reimagining, redesigning, and redefining our strategy has played a crucial role in our growth journey. We're pleased to share that our Founder, Chairman, and Managing Director, Dr. Anand Deshpande, is featured in Fortune India-EY’s Best CEO special edition, which spotlights exceptional entrepreneurial managers who have made a mark in their sectors and powered consistent growth at their companies. In this insightful interview with Rukmini Rao, Anand highlights how we navigated through many industry “S-curves” by making bold decisions and realigning our growth strategy. He also shares how he's moved on from the company’s day-to-day operations to make a difference in society through his philanthropy activities and by pursuing his passion for data and biology. Read this article for insights into Anand's truly “Persistent” journey to carve out our leadership positioning and build a company that's redefining and transforming the industry landscape: https://lnkd.in/d3ugm8BC
We recently hosted IT industry luminary Kris Gopalakrishnan at Persistent Systems and had the privilege to hear Kris’s inspiring journey, interspersed with his first-hand account of the history of the Indian IT industry. The evening also included a fireside chat between Kris, our Founder, Chairman, and Managing Director, Dr. Anand Deshpande, and Dr. Shekhar Mande, with an insightful discussion about the significance of philanthropy in research, particularly in brain sciences. Our thanks to all for such an enlightening and fascinating session that encompassed innovation, entrepreneurship, philanthropy, and technology’s potential to change the world for the better.
We are excited to welcome our energetic campus hires to Persistent! ✨ Over the past two days, we conducted onboarding sessions at multiple locations, loaded with activities specifically designed to induct them into #LifeAtPersistent. Our new joiners also got the opportunity to meet and interact with our leadership! This two-day knowledge-sharing session introduced the campus hires to the business, culture, and values of our organization. We can't wait to see them unleash their full potential in this new chapter of their lives.
Wondering how to successfully and responsibly use Generative AI-powered coding assistants? Read this insightful story in The Times Of India, where Persistent's Chief Data Scientist, Dattaraj Rao, shares his experience of leveraging coding assistants and how they have helped optimize his time. He also provides recommendations and advice to the programmers on ways in which they can use these tools in their regular coding cycles.
We recently welcomed our newest batch of Persistonauts — a name perfectly suited for our new joiners. It was a joyous day filled with laughter, fun games, and delicious food. Our new joiners were excited to get to know one another and learn more about Persistent and our culture. We can't wait to see how you unleash your full potential. Want to experience #LifeAtPersistent? Apply now: https://lnkd.in/d3memdcY
