Persistent Systems will hold a meeting of the Board of Directors of the Company on 19 October 2022.

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Persistent Systems Ltd gained 4.31% today to trade at Rs 3800. The S&P BSE IT Sector index is up 1.53% to quote at 30558.35. The index is up 10.48 % over last one month. Among the other constituents of the index, Larsen & Toubro Infotech Ltd increased 3.35% and Mindtree Ltd added 3.09% on the day. The S&P BSE IT Sector index went down 4.47 % over last one year compared to the 8.99% surge in benchmark SENSEX.

Persistent Systems Ltd has added 14.1% over last one month compared to 10.48% gain in S&P BSE IT Sector index and 10.28% rise in the SENSEX. On the BSE, 577 shares were traded in the counter so far compared with average daily volumes of 17636 shares in the past one month. The stock hit a record high of Rs 4986.85 on 03 Jan 2022. The stock hit a 52-week low of Rs 3063.1 on 16 Aug 2021.

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MediaAgility, which is now part of Persistent Systems has been recognized in the 2022 Gartner Magic Quadrant for Public Cloud IT Transformation Services. It also scored in all the five use cases for Critical Capabilities for Public Cloud IT Transformation Services on account of its ability to execute and completeness of vision.

Persistent has bolstered its presence in the Google ecosystem with the acquisition, first announced in March 2022, of MediaAgility.

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Monument Bank, UK's first neo bank focused on the needs of the ~4.8 million 'mass affluent', has partnered with Persistent Systems to support Monument's ongoing operations. Monument's target clients are usually pressed for time and often feel underserved and undervalued by other banking providers. Monument's mission is to help its clients prosper and optimise their time by offering smart, efficient and flexible solutions.

Persistent was engaged in the designing and planning of Monument's technology systems and subsequently helped construct the Bank's bespoke systems architecture using a flexible building block approach. This approach enables new components to be added and swapped over time to take advantage of the latest innovations, allowing Monument to choose and integrate multiple SaaS based core component technologies

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