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Persistent Systems to hire 6,000 people this fiscal - The Hindu BusinessLine
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Persistent Systems to onboard 2,000 freshers in FY22; flags attrition concerns for IT industry
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Pandemic, travel bans result in higher offshoring for IT firms
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The trend was likely to continue going forward, analysts and companies said, since clients have become more open to people working remotely and because of its positive impact on margins.
Agencies
The mid-tier IT services firm has hired around 900 people in India over the last few months – over 90% of its total hires.
Indian IT services providers have reported higher offshoring in the previous financial year as employees worked from home through the Covid-19 pandemic and as a result of travel bans by the United States, their largest market.
Persistent Systems Q4 net up 64% at ₹138 crore
April 30, 2021
Rise in digital adoption boosted performance: CFO
Persistent Systems has posted a 64.35 per cent rise in consolidated net profit of ₹137.76 crore in the fourth quarter ended March 31, 2021, compared with ₹83.82 crore recorded during the same period of the previous fiscal.
The mid-tier IT company’s consolidated revenue rose 20.69 per cent to ₹1,113.36 crore during the quarter under review, as against ₹926.37 crore recorded in the fourth quarter of last year. The 12-month period ended March 31, the company posted a 32.4 per cent rise in consolidated net profit of 450.69 crore, while its revenues rose 17.4 per cent to ₹4,187.89 crore.
With effect from 27 January 2021The Board of Persistent Systems at its meeting held on 27 January 2021 has approved the appointment of Sunil Sapre (DIN: 06475949) as an Additional Director (Executive Member) of the Company for the period
from 27 January 2021 till 30 September 2024 subject to the approval of the members at the ensuing General
Meeting.
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