Persistent Systems targets $1 billion in revenues

Persistent Systems is putting a plan in place to simplify its business structure under new chief executive Sandeep Kalra, in its bid to become an enterprise with $1 billion revenue in the next four years.

The company had crossed the $500 million mark in the last fiscal year and has been growing well in the subsequent quarters in spite of the pandemic. Kalra, who has just taken over as the CEO, has since May 2019 been running the company’s key technology business unit that accounts for almost 80% of its revenue.