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Persistent Systems Limited Regulatory Filings 2021

Jan 28, 2021

60826_rns_2021-01-28_daa4dcb1-02e9-4d6d-ac56-bdff2bcb637c.pdf

Regulatory Filings

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NSE & BSE / 2020-21 / 97 January 28, 2021

The Manager, Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400 051

Ref: Symbol: PERSISTENT

The Manager, Corporate Services, Bombay Stock Exchange Limited 14[th] Floor, P J Towers, Dalal Street, Mumbai 400 001

Ref: Scrip Code: 533179

Dear Sir/Madam,

Sub: Fact Sheet – Consolidated Financial Data – for the quarter and period ended December 31, 2020

Please find enclosed fact sheet of the Consolidated Financial Data for the quarter and period ended December 31, 2020.

As intimated earlier vide our letter dated January 21, 2021, the Company has scheduled an investor / analyst call on Friday, January 29, 2021 at 5.00 PM IST. During such call, the Management will comment on the financial results for the quarter and period ended December 31, 2020 as well as on the business outlook. The details of the said investor call are available on the website of the Company.

Please acknowledge the receipt.

Thanking you,

Yours Sincerely,

For Persistent Systems Limited

Amit Atre Company Secretary ICSI Membership No.: A20507

Encl: As above

Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLCO56696

Tel: +91 (20) 670 30000 | Fax - +91 (20) 6703 0008 | E-mail - [email protected] | Website - www.persistent.com

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Analyst Presentation Quarter ended on December 31, 2020 January 28, 2021

Forward-looking and Cautionary Statements

Certain statements in this Presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements.

The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, our revenues highly dependent on customers located in the United States, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, concentration of major operations of the Company in one city, withdrawal of governmental

fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.

The Company may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Stock Exchanges and our reports to shareholders.

The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company.

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Confidential © 2021 Persistent Systems

2

We are Persistent.

We are a trusted global solutions partner, delivering digital business acceleration, enterprise modernization and next-gen product engineering.

30+ years of leadership in software engineering and digital transformation.

Highest customer experience scores of any company in IT industry, as rated by ISG.

Boutique mindset focused on enterprise clients moving their digital presence to the cloud.

Diverse, open and innovative business partner ecosystem for maximum adaptability.

1990

Founded

$540M Trailing 12 Months Revenue

350+

Clients Annually

12,000+ Employees

16 Countries

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Confidential © 2021 Persistent Systems

3

We are working with our clients to address four core imperatives as they accelerate their digital business

Imagine

Engineer

Modernize

Manage

Design and deliver new digital experiences, revenue streams and business models to meet rising customer expectations and accelerate your growth.

Streamline your software engineering to drive greater efficiency and enable resiliency across your products and platforms.

Reinvent your applications, infrastructure and processes for greater agility by taking full advantage of automation, AI and cloud.

Maintain and optimize the heartbeat of your operations, systems and product development to reduce costs and facilitate growth.

What we do

  • \ Design Thinking

  • \ Application Portfolio Rationalization

  • \ Technology Advisory Consulting

  • \ CX Transformation

  • \ Data Platform Strategy

\ Next-Generation Product & Platform Development

  • \ Product Sustenance & Support

  • \ Enterprise & Data Integration

  • \ Agile Transformation

Data Stack Modernization

  • \

  • \ Intelligent Business Automation \ Cloud Platform & Infrastructure

  • \ Salesforce Cloud Implementation

  • \ Application Modernization

\ Cloud & Infrastructure Managed Services

  • \ Application Management & Sustenance

  • \ Engineering Managed Services

  • \ Global Technology Center

Confidential © 2021 Persistent Systems

4

Our Industry and Service Line Expertise

Industry Expertise & Solutions

Service Lines

Digital Business Strategy Digital Product Engineering CX Innovation & Optimization Data-Driven Business & Intelligence Identity, Access & Privacy Core IT Modernization

Outcomes

Accelerate

Time to Market

Enable Business Agility Business Banking Healthcare Industrial Software Partner Unlock Financial Life Sciences Hi-tech Ecosystem Growth Services Maximize Insurance Value Creation Drive Enterprise Simplification

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Confidential © 2021 Persistent Systems

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Financial Highlights

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Financial Highlights for Q3FY21

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USD Revenue INR Revenue
$146.15M ₹10,754M
+7.4% +12.9% +6.7% +16.5%
QoQ YoY QoQ YoY
INR EBITDA INR PAT
₹1,825M ₹1,209M
@17% Revenue @11.2% Revenue
+10.1% +47.8% +18.6% +37.5%
QoQ YoY QoQ YoY
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Confidential © 2021 Persistent Systems

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Highlights for the Quarter

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Industry Revenue Mix BFSI HCLS Tech. Cos. & Emerging Verticals Client Concentration
Q3FY21 29.5% 19.1% 51.5%
Q4FY20 Q1FY21 Q2FY21 Q3FY21
Q2FY21 31.9% 19.3% 48.8% Top 1 19.2% 17.7% 19.4% 18.5%
Q1FY21 31.8% 19.7% 48.5% Top 5 41.5% 40.8% 41.6% 37.8%
Q4FY20 31.3% 19.2% 49.5% Top 10 49.9% 49.0% 50.5% 47.0%
Business Offerings Revenue Mix IP Led Services Geography Revenue Mix North America Europe India ROW
16.3% 17.4% 16.2% 18.1%
Q3FY21 81.0% 8.8% 8.6%
Q2FY21 82.9% 7.6% 8.1%
83.7% 82.6% 83.8% 81.9%
Q1FY21 80.4% 10.2% 7.9%
Q4FY20 80.3% 8.8% 9.0%
Q4FY20 Q1FY21 Q2FY21 Q3FY21
Confidential © 2021 Persistent Systems 8
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Notable News & Achievements

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Key Wins for the Quarter

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Banking, Financial Services and Insurance

Deliveringengineering
solutionsas a
preferred partner for
regulatory compliance,
customer due diligence,
data quality and test
automation for a global
banking giant.

Building and
enhancingenterprise
data hub to provide
agility and customer
centricity for a major
global fixed income
investment firm based
in the US.
Modernizingretail
lending journey by
building Salesforce-
based loan origination
system for private
sector bank based in
Mumbai.
Developing and
implementinglending
and deposit services
built on Mambu,
OutSystems and AWS
for bespoke UK bank,
targeting small and
medium enterprises.
Modernizingentity
lifecycle management
application, enabling
financial managers to
analyze deal data and
streamline valuation
approval process, for
a US-based, global
investment firm.

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Confidential © 2021 Persistent Systems
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Key Wins for the Quarter

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Healthcare and Life Sciences

Developing and modernizing a broad suite of client solutions including payor, provider and patient applications using AI/ML for a global healthcare software company.

Designing and implementing digital front door solution including web and mobile applications to deepen patient engagement throughout lifecycle for a major US-based medical center.

11

Designing and implementing central care platform built on Salesforce Health Cloud for a leading solution provider specializing in chronic kidney diseases.

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Confidential © 2021 Persistent Systems

Key Wins for the Quarter

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Software & Hi-Tech

Providing engineering and IT business solutions as a preferred partner for a leading-edge cloud and voice solutions company.

Engineering carrier-grade VOIP for next gen and 5G communications service provider clients for a leading monitoring, assurance and analytics manufacturer for IPbased networks.

Modernizing collaboration by Developing and porting customizing and supporting applications to a new hybrid applications, which are cloud infrastructure for integrated with Oracle Identity a major oil and gas and Lifecycle Management exploration services solution, for a SaaS and company. cloud-based remote work tools provider.

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Confidential © 2021 Persistent Systems

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Featured client stories

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Journey to Cloud Accelerates Speed to Innovation

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ICE Mortgage Technology’s (formerly Ellie Mae) Data Monetization Journey on AWS

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Designing a lifesaving ventilator using IBM Doors Next

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Confidential © 2021 Persistent Systems

13

IT analyst and advisor recognition

PEAK Matrix: Major Contender in Salesforce HCLS Services

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“Persistent have built deep healthcare expertise in delivering Salesforce services and is effectively leveraging it to build an edge over its competitors.”

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ER&D Zones (Dec 2020) placed as leader in 7 categories

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“Persistent continues to maintain its leadership position across fast changing sectors which are undergoing major transformations.... established itself as a leader in the complex construction of digital mosaics, utilizing the best of cloud-based technologies and partners.”

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Confidential © 2021 Persistent Systems

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Continued accolades from ISG following the 2020 Star of Excellent Award

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ISG Booming 15

Persistent was recognized as a Top 15 Service Provider in 2020 ISG Index™ for the fourth consecutive quarter .

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Based on feedback of 100+ of our clients, ISG recognized Persistent as the leader for Customer Excellence across our core service delivery and exceptional culture alignment with our clients’ organizations.

Learn more

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Confidential © 2021 Persistent Systems

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Partner Ecosystem Highlights

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Won the Saviynt Rising Star Award for 2020

Persistent was recognized for helping clients improve their customer experience and prevent unauthorized access to applications and services using next generation identity governance solutions.

Learn More

AWS Financial Services Competency Status

This recognition adds to our recent achievements of AWS Data & Analytics Competency, AWS SaaS Competency, AWS DevOps Competency, and AWS IoT Competency designations as well as being an AWS Lambda Service Delivery Partner.

Learn More

Approved Salesforce Interaction Studio Partner

As true multi-cloud experts, Persistent now enhances Salesforce Interaction Studio for not only marketing related use cases, but also for sales and commerce across the entire customer lifecycle — from acquisition to retention.

Learn More

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Confidential © 2021 Persistent Systems

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Other News

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Press Feature: BFSI

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Learn More

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The Cancer Genome Atlas

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Learn More

Press Feature: HCLS Learn More

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J.A.D.E. CoE

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Learn More

Press Feature: Cloud Learn More

Corporate Development Learn More

Confidential © 2021 Persistent Systems

Financial Details — Q3FY21

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Sequential Q3FY21 vs Q2FY21

Particulars Q3FY21 Q2 FY21 Change QoQ Exps / Sales % Q3 FY21 Exps / Sales % Q2 FY21
Revenue($ M)
Services 119.68 113.99
5.0%
IP Led 26.47
22.10

19.8%
Revenue($ M) 146.15
136.09

7.4%
Avg. Exchange Rate ₹ /US$ 73.58
74.05

-0.6%
Revenue(₹ M) 10,753.98
10,077.47

6.7%
Cost of Revenue ₹ M ₹ M
Employee Related Expenses 6,686.49
6,428.81

4.0%
62.2% 63.8%
Purchase / Royalty 354.24
115.55

206.6%
3.3% 1.1%
Project related Travel Expenses 23.48
32.26

-27.2%
0.2% 0.3%
Total Direct costs 7,064.21
6,576.62

7.4%
65.7% 65.3%
Gross Profit 3,689.77
3,500.85

5.4%
34.3% 34.7%
Sales & MarketingExps 948.97
901.26

5.3%
8.8% 8.9%
Admin. & Other Exps 869.58
817.78

6.3%
8.1% 8.1%
Doubtful Debt Provision 11.27
52.52

-78.5%
0.1% 0.5%
CSR Activities 35.17
71.57

-50.9%
0.3% 0.7%
Total SGA 1,864.99
1,843.13

1.2%
17.3% 18.3%
EBITDA 1,824.78
1,657.72

10.1%
17.0% 16.4%
Depreciation 117.22
115.08

1.9%
1.1% 1.1%
Amortization 343.83
324.71

5.9%
3.2% 3.2%
EBIT 1,363.73
1,217.93

12.0%
12.7% 12.1%
Other Income /(Loss) 288.11
207.77

38.7%
2.7% 2.1%
Exchange Gain /(Loss) (1.74) (50.59) -96.6% 0.0% -0.5%
PBT 1,650.10
1,375.11

20.0%
15.3% 13.6%
Tax 440.86
355.25

24.1%
4.1% 3.5%
PAT 1,209.24
1,019.86

18.6%
11.2% 10.1%

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Confidential © 2021 Persistent Systems

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YoY comparison Q3FY21 vs Q3FY20

Particulars Q3FY21 Q3 FY20 Change YoY Exps / Sales % Q3 FY21 Exps / Sales % Q3 FY20
Revenue($ M)
Services 119.68
102.02

17.3%
IP Led 26.47
27.41

-3.4%
Revenue($ M) 146.15
129.43

12.9%
Avg. Exchange Rate ₹ /US$ 73.58
71.29

3.2%
Revenue(₹ M) 10,753.98
9,227.29

16.5%
Cost of Revenue ₹ M ₹ M
Employee Related Expenses 6,686.49
5,675.33

17.8%
62.2% 61.5%
Purchase / Royalty 354.24
349.89

1.2%
3.3% 3.8%
Project related Travel Expenses 23.48
132.21

-82.2%
0.2% 1.4%
Total Direct costs 7,064.21
6,157.43

14.7%
65.7% 66.7%
Gross Profit 3,689.77
3,069.86

20.2%
34.3% 33.3%
Sales & MarketingExps 948.97
957.93

-0.9%
8.8% 10.4%
Admin. & Other Exps 869.58
843.43

3.1%
8.1% 9.1%
Doubtful Debt Provision 11.27
15.35

-26.6%
0.1% 0.2%
CSR Activities 35.17
18.84

86.7%
0.3% 0.2%
Total SGA 1,864.99
1,835.55

1.6%
17.3% 19.9%
EBITDA 1,824.78
1,234.31

47.8%
17.0% 13.4%
Depreciation 117.22
116.24

0.8%
1.1% 1.3%
Amortization 343.83
312.06

10.2%
3.2% 3.4%
EBIT 1,363.73
806.01

69.2%
12.7% 8.7%
Other Income /(Loss) 288.11
231.64

24.4%
2.7% 2.5%
Exchange Gain /(Loss) (1.74) 102.10
-101.7%
0.0% 1.1%
PBT 1,650.10
1,139.75

44.8%
15.3% 12.4%
Tax 440.86
260.49

69.2%
4.1% 2.8%
PAT 1,209.24
879.26

37.5%
11.2% 9.5%

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Confidential © 2021 Persistent Systems

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YTD comparison Dec 20 vs Dec 19

Particulars YTD Dec 20 YTD Dec 19 Change YoYExps / Sales Change YoYExps / Sales % YTD Dec 20Exps / Sales % YTD Dec 20Exps / Sales % YTD Dec 19
Revenue($ M)
Services 341.91
293.14

16.6%
IP Led 71.35
81.42

-12.4%
Revenue($ M) 413.26
374.56

10.3%
Avg. Exchange Rate ₹ /US$ 74.40
70.47

5.6%
Revenue(₹ M) 30,745.30
26,394.43

16.5%
Cost of Revenue ₹ M ₹ M
Employee Related Expenses 19,294.70
16,103.43

19.8%
62.8% 61.0%
Purchase / Royalty 862.13
818.12

5.4%
2.8% 3.1%
Project related Travel Expenses 130.37
443.15

-70.6%
0.4% 1.7%
Total Direct costs 20,287.20
17,364.70

16.8%
66.0% 65.8%
Gross Profit 10,458.10
9,029.73

15.8%
34.0% 34.2%
Sales & MarketingExps 2,712.03
2,692.76

0.7%
8.8% 10.2%
Admin. & Other Exps 2,480.15
2,582.55

-4.0%
8.1% 9.8%
Doubtful Debt Provision 116.89
45.08

159.3%
0.4% 0.2%
CSR Activities 202.17
56.65

256.9%
0.7% 0.2%
Total SGA 5,511.24
5,377.04

2.5%
17.9% 20.4%
EBITDA 4,946.86
3,652.69

35.4%
16.1% 13.8%
Depreciation 342.10
342.21

0.0%
1.1% 1.3%
Amortization 994.35
897.16

10.8%
3.2% 3.4%
EBIT 3,610.41
2,413.32

49.6%
11.7% 9.1%
Other Income /(Loss) 775.20
659.82

17.5%
2.5% 2.5%
Exchange Gain /(Loss) (139.96) 319.85
-143.8%
-0.5% 1.2%
PBT 4,245.65
3,392.99

25.1%
13.8% 12.9%
Tax 1,116.47
828.31

34.8%
3.6% 3.1%
PAT 3,129.18
2,564.68

22.0%
10.2% 9.7%

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Confidential © 2021 Persistent Systems

21

Balance sheet

Particulars (₹ M) As on
December 31, 2020

As on
March 31, 2020
As on
December 31, 2019
Assets
PPE and Intangible assets 4,534.20
4,618.66
4,732.49
Non-Current Assets 1,547.66
1,491.80
1,220.67
Cash and Investments 19,036.72
14,716.85
13,674.53
Other Current Assets 10,541.24
10.094.38
9,581.93
Total 35,659.82
30,921.69
29,209.62
Equity and Liabilities
Equity 27,413.25
23,857.55
23,855.74
Non-Current Liabilities 1,109.95
582.37
606.39
Current Liabilities 7,136.62
6,481.77
4,747.49
Total 35,659.82
30,921.69
29,209.62

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22

Fact Sheet — Q3FY21

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Fact Sheet

Description / Nos. / % Q3FY21 Q2FY21 Q1FY21 Q4FY20 Q3FY20 FY20 FY19
Revenue Revenue from Operations, USD M
% QoQ / YoY growth
Revenue from Operations, INR M
146.15
7.4%
10,753.98
136.09
3.9%
10,077.47
131.02
3.1%
9,913.85
127.05
-1.8%
9,263.65
129.43
3.1%
9227.29
501.61
4.3%
35,658.08
480.97
2.2%
33,659.41
% QoQ / YoY growth 6.7% 1.7% 7.0% 0.4% 4.3% 5.9% 11.0%
Business Offerings Revenue Mix Description / %
Services
IP Led
Total
Q3FY21
81.9%
18.1%
100.0%
Q2FY21
83.8%
16.2%
100.0%
Q1FY21
82.6%
17.4%
100.0%
Q4FY20
83.7%
16.3%
100.0%
Q3FY20
78.8%
21.2%
100.0%
FY20
79.6%
20.4%
100.0%
FY19
75.1%
24.9%
100.0%
Segment Revenue Mix Description / %
BFSI
Healthcare & Life Science
Tech. Cos. & Emerging Verticals
Q3FY21
29.5%
19.1%
51.4%
Q2FY21
31.9%
19.3%
48.8%
Q1FY21
31.8%
19.7%
48.5%
Q4FY20
31.3%
19.2%
49.5%
Q3FY20
30.5%
18.9%
50.6%
FY20
29.5%
18.9%
51.6%
FY19
25.3%
18.4%
56.3%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

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24

Fact Sheet

Revenue
Mix by Business
Units
Description / %
Q3FY21
Q2FY21
Q1FY21
Q4FY20
Q3FY20
FY20
FY19
Description / %
Q3FY21
Q2FY21
Q1FY21
Q4FY20
Q3FY20
FY20
FY19
Technology Services 76.3%
77.3%
77.1%
77.8%
73.3%
73.8%
71.0%
23.7%
22.7%
22.9%
22.2%
26.7%
26.2%
29.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Alliance
Total
Accelerite has been merged with Technology Services from Q1FY21. Prior period numbers have been regrouped accordingly.
Geography
Revenue Mix
Description / %
Q3FY21
Q2FY21
Q1FY21
Q4FY20
Q3FY20
FY20
FY19
North America
81.1%
82.9%
80.4%
80.2%
80.1%
81.0%
81.7%
Europe
8.8%
7.6%
10.2%
8.8%
10.6%
9.5%
8.8%
India
8.6%
8.1%
7.9%
9.0%
7.4%
7.4%
7.0%
ROW
1.5%
1.4%
1.5%
2.0%
1.9%
2.1%
2.5%
Total
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Revenue
Concentration
Description / %
Q3FY21
Q2FY21
Q1FY21
Q4FY20
Q3FY20
FY20
FY19
Top 1 18.5%
19.4%
17.7%
19.2%
21.5%
22.0%
24.0%
37.8%
41.6%
40.8%
41.5%
42.3%
43.2%
42.4%
47.0%
50.5%
49.0%
49.9%
51.1%
51.7%
51.8%
Top 5
Top 10

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25

Fact Sheet

Revenue by Revenue by Delivery Centers Delivery Centers Description / %
Global Development Centers
India
IP Led
Q3FY21
30.5%
51.4%
18.1%
Q2FY21
33.1%
50.7%
16.2%
Q1FY21
33.7%
48.9%
17.4%
Q4FY20
33.0%
50.7%
16.3%
Q3FY20
31.5%
47.3%
21.2%
FY20
31.5%
48.1%
20.4%
FY19
30.5%
44.6%
24.9%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Client Billed Nos.
Services
Q3FY21
530
Q2FY21
487
Q1FY21
508
Q4FY20
501
Q3FY20
483
FY20
653
FY19
586
IP Led 142 135 140 151 154 257 287
Includes clients brought on through CAPIOT acquisition.
DSO Nos.
Days
Q3FY21
57
Q2FY21
63
Q1FY21
69
Q4FY20
65
Q3FY20
68
FY20
65
FY19
63
Client Engagement Size Nos.
Large > USD 5M
Medium > USD 1M, < USD 5M
Q3FY21
17
65
Q2FY21
16
63
Q1FY21
15
63
Q4FY20
11
61
Q3FY20
10
65
FY20
11
61
FY19
10
67

Re-categorized large clients to more than $5M and medium clients from $1M to $5M. Prior period numbers are aligned accordingly.

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Fact Sheet

Nos. Q3FY21 Q2FY21 Q1FY21 Q4FY20 Q3FY20 FY20 FY19
People Numbers Technical
Sales and Business Development
Others
11,533
277
628
10,001
268
551
10,027
274
528
9,835
263
534
9,729
266
537
9,835
263
534
9,185
273
504
Total 12,438 10,820 10,829 10,632 10,532 10,632 9,962
Linear Revenue Per Billed PM* USD / Per Person Month*
Global Delivery Centres
India
Q3FY21
16,790
4,204
Q2FY21
16,993
4,304
Q1FY21
17,036
4,308
Q4FY20
17,276
4,427
Q3FY20
16,761
4,420
FY20
16,987
4,428
FY19
16,299
4,371
*Revenue per billed PM excludes IP-led revenue and is calculated on total revenue including contractual reimbursable portion.
Attrition Rate %
TTM Basis
Q3FY21
10.3%
Q2FY21
10.6%
Q1FY21
12.7%
Q4FY20
14.3%
Q3FY20
14.9%
FY20
14.3%
FY19
16.7%
IP Led Nos.
IP Led Person Months
Q3FY21
3,606
Q2FY21
3,893
Q1FY21
4,031
Q4FY20
4,317
Q3FY20
4,325
FY20
17,954
FY19
18,826

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Fact Sheet

Description / Nos. / % Q3FY21 Q2FY21 Q1FY21 Q4FY20 Q3FY20 FY20 FY19
Billable Person Months 25,342 23,006 22,246 21,580 20,419 81,287 71,563
- Global Delivery Centers 3,104 3,086 3,060 2,872 2,893 11,202 10,703
- India 22,238 19,920 19,186 18,708 17,526 70,085 60,860
Efforts and Utilization Mix - Linear Billed Person Months
- Global Delivery Centers
- India
20,530
2,651
17,879
18,680
2,647
16,033
17,461
2,595
14,866
16,975
2,425
14,550
16,295
2,430
13,865
63,820
9,305
54,516
58,037
9,007
49,030
Linear Utilization
- Blended 81.0% 81.2% 78.5% 78.7% 79.8% 78.5% 81.1%
- Global Delivery Centers 85.4% 85.8% 84.8% 84.4% 84.0% 83.1% 84.2%
- India 80.4% 80.5% 77.5% 77.8% 79.1% 77.8% 80.6%

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See Beyond, Rise Above.

Watch Brand Video

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29Confidential © 2021 Persistent Systems

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Thank you! See Beyond, Rise Above

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