Persistent Systems Eyes European Growth through Strategic Acquisition

Persistent Systems, headquartered in Pune, is setting its sights on enhancing its income from the European market. The company aims to increase the continent's contribution to its revenue from 8% to 20% through an impactful acquisition.

Chief Financial Officer Sunil Sapre emphasized the significance of finding the right fit in terms of size, price, and cultural alignment. Talks are ongoing, with announcements anticipated when substantial progress is made.

Persistent's drive to extend its capabilities includes a focus on technology and automation, ensuring a revenue-centered growth strategy. The firm's expansion plans also involve a targeted recruitment of seasoned professionals over fresh graduates.

(With inputs from agencies.)