Persistent sees FY22 growth in double digit, aims to be $1-bn company

Pune-based Persistent Systems, which reported a double digit growth in FY22, under its CEO Sandeep Kalra, is also actively pursuing merger and acquisitions to reach its target of $1 billion company in the next three to four years.

“It is our stated goal to be a $1 billion company in 3-4 years and the cash position we have makes us actively pursue the same as well. We are looking at acquisitions in three areas—one, that makes us much stronger in the areas that we already have presence in like cloud, data, security etc. Two, that gives us a presence in Europe, either technology and industry vertical. And finally, we would look at a target that gives us good capability in a vertical in the US,” said Kalra.