Persistent Systems Launches Generative AI Solutions with Google Cloud

On Monday, the shares of Persistent Systems closed at Rs 4745.00, up by 1.02% from its previous closing of Rs 4697.30 on the BSE. 

Persistent Systems has further strengthened its partnership with Google Cloud, launching a suite of Google Cloud powered Generative AI solutions. These offerings will equip clients throughout their AI journeys, from AI explorers to Generative AI disruptors, to understand how to successfully identify and implement these advanced technologies in their businesses at scale. 

Persistent has developed a six-week Generative AI deployment acceleration engagement program in collaboration with Google Cloud. It utilizes Persistent’s differentiated IP, accelerators, and frameworks along with Google Cloud’s advanced Vertex AI platform to help clients strategize desired outcomes, discover relevant use cases, build a highly customized Generative AI roadmap, and implement Generative AI technologies. 

Persistent Systems is a global company specializing in software products and technology services. The company provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration. It also has partnership with providers such as Salesforce and AWS. 

Today, the stock opened at Rs 4700.40 and has touched a high and low of Rs 4758.70 and Rs 4691.60 respectively.  

The BSE group ‘A’ stock of face value of Rs 10 has touched a 52-week high and low of Rs 5278.50 and Rs 3091.65, respectively. 

Last one week high and low of the scrip stood at Rs 4816 and Rs 4645, respectively. The current market cap of the company is Rs 36385.53 crore. 

The promoters holding in the company stood at 31.06%, while Institutions and Non-Institutions held 48.54% and 20.40% respectively. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.