Persistent Systems Named Fastest-Growing IT Services Brand in India

On September 19, 2024, Persistent Systems, a leader in Digital Engineering and Enterprise Modernisation, was named the fastest-growing IT services brand in the 2024 Brand Finance India 100 report. Persistent is ranked 9th among the top IT services brands, with a brand value of $609 million and a brand strength score of 72.39 out of 100, earning an AA rating.

Since 2020, Persistent’s brand value has skyrocketed by 327%, and its brand strength index has grown by 36%—the highest among India’s top 10 IT services brands. Brand Finance, a leading brand valuation firm, evaluates brands based on Brand Investment, Brand Equity, and Brand Performance. Persistent excelled in these areas, showing a notable increase in brand strength.

This recognition highlights Persistent’s successful strategic investments and strong business performance. It reflects the company’s focus on delivering innovative solutions, maintaining high service standards, and building trust with stakeholders. Persistent has seen 17 straight quarters of revenue growth, with Q1 FY25 revenue at $328.2 million, marking 5.6% quarter-over-quarter and 16.0% year-over-year growth. This award underscores Persistent’s strong market position and its commitment to meeting client needs effectively. Last year, Persistent was also recognised as the fastest-growing brand in value among the top 10 Indian IT services brands.

Gurvinder Sahni, Chief Marketing Officer of Persistent said, “We are honoured to be recognised as the fastest-growing IT services brand in India by Brand Finance, with extraordinary 327% growth in brand value. This acknowledgment underscores our commitment to position Persistent as a leader in AI and other emerging technologies. Our success stems from continuous innovation, a strong focus on quality, and an exceptional understanding of our client needs. ”

About Persistent

Persistent Systems is a global company specialising in Digital Engineering and Enterprise Modernisation. It serves businesses across various industries and employs over 23,500 people in 19 countries. The company focuses on innovation and client success, offering services like AI-driven software engineering, product development, data analytics, customer experience transformation, cloud computing, and intelligent automation.

On September 19, 2024, the share price of Persistent Systems Limited opened at ₹5,250.00, touching the day’s high at ₹5,362.45, as of 01:26 PM on the NSE.

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