Persistent Named a Top 15 Sourcing Standout for Managed Services in Q1 2021 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 fifth consecutive quarter by leading global technology research and advisory firm Information Services Group (ISG) in its Q1 2021 Global ISG Index™. ISG's Booming 15 subcategory covers service providers with under US $1 billion in global revenue.

The ISG Index™ provides an independent quarterly review of the latest sourcing industry data and trends. Placement on the ISG Sourcing Standout list is based on the annual value of commercial contracts awarded in the past 12 months. Each Top 15 category is comprised of providers that compete in the traditional outsourcing market and in the as-a-service market.

Paul Reynolds, Chief Research Officer, ISG, "The global demand for technology and business services has accelerated the need for businesses to urgently scale-up with cloud-based platforms and newer technologies. Persistent continues to meet this opportunity head on with a clear vision of the technology road-map, consistently delivering high-value services and rapidly building new capabilities."

Nitha Puthran, SVP - Cloud, Infrastructure & Security; Persistent Systems, "Persistent helps clients focus on their core capabilities by delivering improved productivity and business continuity. This recognition by ISG demonstrates our commitment to delivering high-value managed services to our clients, allowing them the freedom to run their business confidently. Recognition by ISG for the fifth consecutive quarter is proof that managed services allow businesses to respond to a fastchanging business environment."

Shares of PERSISTENT SYSTEMS LTD. was last trading in BSE at Rs.1874.4 as compared to the previous close of Rs. 1907.4. The total number of shares traded during the day was 8702 in over 1689 trades.

The stock hit an intraday high of Rs. 1921 and intraday low of 1859. The net turnover during the day was Rs. 16472266.

Source : Equity Bulls

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