Persistent Systems targets to double revenues to $2 bn in 4 years ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 32
Mid-tier IT company Persistent Systems on Thursday said it is targeting to double the revenues in four years to USD 2 billion. "We will aim to be a USD 2 billion revenue company in four years," its chief executive Sandeep Kalra told PTI, a day after the company achieved its USD 1 billion in annualised revenue by posting a 40 per cent rise in the topline to USD 255 million in the September quarter. Kalra said the company's quarterly revenues stood at USD 125 million three years ago, and the rate of doubling will take longer at four years now, given that it will be a bigger size. In the results for the September quarter declared on Wednesday, the Pune-headquartered company posted a 51.6 per ce

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