This Large-cap IT Giant Wins 2025 Google Cloud Award After Executing One of the Largest Migrations Globally, Boosting Platform Performance by 30 Per cent

In the last 5 years stock price has logged 1,592 per cent multibagger returns.

Persistent Systems has been awarded the 2025 Google Cloud Infrastructure Modernization Partner of the Year Award for Asia Pacific. This accolade underscores the company's expertise in facilitating seamless transitions to Google Cloud, enhancing scalability, and optimizing costs for enterprises. Persistent's recognition stems from executing one of the largest Google Cloud migrations globally, involving over 6,000 microservices and 100+ petabytes of data for a leading e-commerce platform. The migration resulted in a 30 per cent reduction in cloud costs and improved platform performance, benefiting 100 million small businesses across India's digital economy.

Vijay Verma, Chief Revenue Officer – Service Lines at Persistent, emphasized the company's decade-long partnership with Google Cloud Platform, highlighting their collaborative efforts in driving significant cloud transformation projects. Kevin Ichhpurani, President, Global Partner Ecosystem at Google Cloud, praised Persistent for delivering innovative solutions and creating substantial value for customers. This award reaffirms Persistent's commitment to modernizing infrastructure and unlocking growth opportunities through cloud-native solutions.

Persistent Systems is a global services and solutions company specializing in Digital Engineering and Enterprise Modernization. The company offers a comprehensive suite of services, including AI-enabled software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. With a presence in over 21 countries, Persistent serves a diverse client base across industries such as BFSI, healthcare, and software development. The company's revenue is primarily driven by technology services, contributing 70 per cent to the total, followed by partnership operations and products. In Q3FY24, the segmental revenue mix was 31 per cent from BFSI, 22 per cent from Healthcare & Life Sciences, and 47 per cent from Software, Hi-Tech, and Emerging Industries. Persistent's strategic partnerships with IT majors like AWS, IBM, Salesforce, and Google Cloud enhance its service offerings. The company has achieved significant brand growth, being recognized as the fastest-growing Indian IT Services brand since 2020.

Persistent Systems witnessed a sharp sell-off during today’s trading session. The stock opened lower at Rs 4571.95 compared to the previous close of Rs 4594.15, indicating early weakness. Persistent touched an intraday high at the opening itself (Rs 4571.95), and selling pressure intensified thereafter, dragging the stock to an intraday low of Rs 4380.00. 

By 3:20 PM, Persistent Systems was trading at Rs 4400.00, down by Rs 194.15 or 4.23 per cent from the previous close. The sharp decline today also brings the stock closer to its 52-week low of Rs 3232.60, though it still remains significantly off its 52-week high of Rs 6788.80. The stock price has given 11 per cent returns in last one year, while BSE Sensex has given negative 1.12 per cent returns. In the last 5 years stock price has logged 1,592 per cent multibagger returns.

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