Persistent named ISG Top 15 Sourcing Standout in Global, Americas and EMEA 'Booming 15'

Persistent Systems (BSE and NSE: Persistent) has been named a Top 15 Sourcing Standout by leading global technology research and advisory firm Information Services Group (ISG).

This recognition follows on from Persistent winning the ISG Star of Excellence™ Award in September, for achieving the highest cumulative customer experience score for the quality of its core technology services and a leader in APAC and North America in BFSI, healthcare and life sciences. Persistent was also named a top service provider globally and in the Americas and EMEA in the Q2 2020 ISG Index.

Persistent was among the leading providers in the Booming 15 category for the Global, Americas and EMEA regions based on annual contract value (ACV) won over the last 12 months, according to the 3Q 2020 Global ISG Index™. Persistent's inclusion in the ISG Index™ is based on data the company submits to ISG each quarter.

Paul Reynolds, chief research officer of ISG, "The ISG Index™ is recognized as the authoritative source for marketplace intelligence on the global technology and business services industry. Persistent continues to establish itself as a leading and growing player in the global market for managed services, based on its volume of business in relation to other industry providers."

Persistent is a global solutions company delivering digital business acceleration, enterprise modernization and digital product engineering with a particular focus on BFSI, healthcare and life sciences, manufacturing and technology sectors. It creates unique digital mosaics for clients, melding the best of multiple cloud and as-a-service offerings, often integrated with legacy IT systems, for optimum business agility and efficiencies.

Sandeep Kalra, CEO and Executive Director of Persistent Systems said, "Our focus on imagining, engineering, modernizing and managing our clients' digital initiatives continues to resonate. This recognition, on top of our Star of Excellence Award, is a testament to our teams' focus on delivering high value services to clients. Our clients are readily embracing managed services and cloud-based offerings as a way to update complex IT offerings quickly while freeing them to focus on running their business."

Now in its 72nd consecutive quarter, the ISG Index™ provides an independent quarterly review of the latest sourcing industry data and trends. Each quarter it names the top 15 commercial providers in the Big 15 (revenues of more than $10 billion), Building 15 (revenues between $3 billion and $10 billion), Breakthrough 15 (revenues between $1 billion and $3 billion) and Booming 15 (revenues of less than $1 billion) categories in the Americas, EMEA and Asia Pacific regions. Each Top 15 category includes providers that compete in the traditional sourcing market, as well as those that compete in the as-a-service market, including IaaS and SaaS providers.

Shares of PERSISTENT SYSTEMS LTD. was last trading in BSE at Rs.1146.5 as compared to the previous close of Rs. 1132.5. The total number of shares traded during the day was 8390 in over 1458 trades.

The stock hit an intraday high of Rs. 1155 and intraday low of 1135.25. The net turnover during the day was Rs. 9609841.

Source : Equity Bulls

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