Pune-based Persistent Systems, one of India’s niche software and services companies, said it has decided to overhaul its employee stock options plan to make it “one of the most inclusive” in the global IT services industry. The new plan, it said, will cover around 80% of its global employee base. The company, which focuses on […]
Mid-sized IT services provider Persistent Systems reported 4.5% sequential USD revenue growth and 4.6% rupee revenue growth for the September quarter. On a year-on-year basis, dollar revenue rose 12.3%, while rupee revenue was up 8.1%. Operating profit, however, was up only 4.5% on year, but because of the poor performance in the preceding quarter, rose […]
Persistent Systems, a product and outsourcing company, said it is reorganizing its business structure in four divisions. These divisions are ‘digital’, IBM, Services and Accelerite. It will also set up a new Corporate Operations office whose job will be to accelerate the four growth units. It will be headed by Atul Khadilkar. “Unique to Persistent, the […]
Persistent Systems, a niche IT company that focuses on products and cloud computing, said it had signed an agreement to acquire the Citrix CloudPlatform and CloudPortal Business Manager product lines from Citrix Systems International GMBH, a subsidiary of Citrix Systems. No financial details were revealed. Citrix Systems is one of the biggest companies in the […]
