Multibagger IT stock: Scaling new heights as it secures a coveted spot in MSCI India, S&P BSE 100, and SENSEX Next 50 Indices!

Multibagger IT stock: Scaling new heights as it secures a coveted spot in MSCI India, S&P BSE 100, and SENSEX Next 50 Indices!

Vaishnavi Chauhan

The stock has witnessed significant buying activity as it has given multibagger returns of more than 423 per cent in last 3 years

Persistent Systems Limited specializes in delivering software engineering and strategic services tailored to assist companies in implementing and modernizing their business operations. The company boasts proprietary software and frameworks equipped with pre-built integration and acceleration features. Additionally, Persistent Systems has cultivated strategic partnerships with industry-leading providers, including Salesforce and AWS.

Let's delve into the key aspects of the company's product-wise breakdown, vertical focus, geographical presence, and customer segments.

Persistent Systems demonstrates a well-structured product portfolio, with a significant emphasis on services, constituting 77.4 per cent of its offering. The remaining 22.6 per cent is allocated to Alliance, showcasing a strategic focus on collaboration. The company also possesses capabilities in Accelerite, Digital, Intelligent Automation, Data & Integration, Product Engineering, SI & PI, BPO, IP Based, Infrastructure Management Services (IMS), and Application Development & Management (ADM).

 

In terms of industry verticals, Persistent Systems exhibits a balanced distribution, with Software Services commanding a prominent share of 48.4 per cent, followed by Banking & Insurance at 32.3 per cent, and Healthcare at 19.3 per cent.

 

Furthermore, Persistent Systems maintains a strong global footprint, with a notable presence in North America accounting for 79.2 per cent. India follows at 9.7 per cent, Europe at 9.5 per cent, and the Rest of the World at 1.6 per cent.

 

The company strategically caters to different customer segments, with a balanced approach. Enterprises and Independent Software Vendors (ISVs) each contribute 40 per cent, while IP Led solutions make up 20 per cent of the customer segment distribution.

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In conclusion, Persistent Systems' multifaceted approach, spanning diverse products, industry verticals, global locations, and customer segments, positions it as a versatile and adaptive player in the competitive technology landscape. The strategic balance across these dimensions reflects the company's commitment to innovation, collaboration, and global scalability.

Furthermore, the stock has witnessed significant buying activity as it has given multibagger returns of more than 423 per cent in last 3 years.

Today, the shares of Persistent Systems Limited plunged 0.34%. The company's current market capitalisation is Rs 48,890.07 crore. 

 

Disclaimer: The article is for informational purposes only and not investment advice.

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