Persistent named Top 15 Sourcing Standout for Managed Services in Q4 2020 Global ISG Index™ 'Booming 15' Category

Persistent Systems (BSE and NSE: Persistent) has been named a Top 15 Sourcing Standout for Managed Services for the fourth quarter running by leading global technology research and advisory firm Information Services Group (ISG) in its Q4 2020 Global ISG Index™. ISG's Booming 15 list covers service providers with under US $1 billion in revenue globally.

This follows Persistent winning the ISG Star of Excellence™ Award in September, for achieving the highest cumulative customer experience score for the quality of its core technology services and a leader in APAC and North America in BFSI, healthcare and life sciences.

Paul Reynolds, chief research officer of ISG, "Global demand for technology and business services reached a record high in the fourth quarter, as the sourcing industry continues to recover from its pandemic-related downturn. Combined with the urgency many companies feel to move to more flexible cloud-based platforms, taking advantage of some of the latest technologies, we continue to see Persistent meet this opportunity head on and show robust growth."

The ISG Index™ is an authoritative source for marketplace intelligence on the global technology and business services industry. Persistent continues to establish itself as a leading and growing player in the global market for managed services, based on its volume of business in relation to other industry providers. Persistent's inclusion in the ISG Index™ is based on data the company submits to ISG each quarter.

Nitha Puthran, SVP Technology Services, Persistent Systems, "The ISG Index reflects our focus on delivering high value managed services to our global client base. We see customers looking for ways to transform their business, taking advantage of cloud-based platforms and automating and simplifying traditionally complex systems. Managed services are a fast and efficient way to do this, and we are delighted to see our clients' confidence in us reflected in this recognition."

Persistent is a global solutions company delivering digital business acceleration, enterprise modernization and digital product engineering with a particular focus on BFSI, healthcare and life sciences, manufacturing and technology sectors. It creates unique digital mosaics for clients, melding the best of multiple cloud and as-a-service offerings, often integrated with legacy IT systems, for optimum business agility and efficiencies.

Shares of PERSISTENT SYSTEMS LTD. was last trading in BSE at Rs.1569.6 as compared to the previous close of Rs. 1546.8. The total number of shares traded during the day was 116075 in over 1492 trades.

The stock hit an intraday high of Rs. 1601 and intraday low of 1563.45. The net turnover during the day was Rs. 184898503.

Source : Equity Bulls

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