Persistent Systems turns green on partnering with Proactive

Persistent Systems Ltd. | IT - Software | IT & ITES | BSE: 533179 | NSE: PERSISTENT

16 Nov 2011 Evaluate

Persistent Systems is currently trading at Rs 315.40, up by 0.10 points or 0.03% from its previous closing of Rs 315.30 on the BSE.

The scrip opened at Rs 308.00 and has touched a high and low of Rs 316.00 and Rs 308.00 respectively. So far 1555 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 467.15 on 04-Jan-2011 and a 52 week low of Rs 280.80 on 29-Aug-2011.

Last one week high and low of the scrip stood at Rs 317.95 and Rs 307.60 respectively. The current market cap of the company is Rs 1261.20 crore.

The promoters holding in the company stood at 38.95% while Institutions and Non-Institutions held 32.11% and 28.95% respectively.

Persistent Systems, the leader in outsourced software product development services, and Proactive Education, Inc., a Cloud solution services and project management firm, have entered into partnership to enable small and medium sized businesses (SMBs) to rapidly, intelligently and economically migrate their software and applications to the Cloud with confidence. The partnership announcement builds on successful joint customer deployments of Business Intelligence (BI) and custom business solutions utilizing predictive analytics and other advanced database technologies exclusively in a Cloud environment.

The global Cloud computing market is expected to reach $241 billion in 2020 compared to $40.7 in 2010, foreseeing the Cloud as evolving into a significant contributor to the size and growth of the tech industry overall.

Proactive will utilize Persistent Systems’ proven Cloud Assessment Tool (CAT) to provide SMBs with an accurate assessment of ‘Cloud-worthy’ applications that can be migrated to the Cloud . Whereas most Cloud assessment offerings available today work in a single dimension, CAT takes into consideration both the business criticality and the actual workload of an application. Used by leading enterprises around the world, CAT defines business heuristics, understands application workload patterns and categorizes applications that can be migrated to the Cloud over a period of four to five weeks.

Persistent Systems Share Price

5113.80 130.50 (2.62%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2394.85
Infosys	1179.20
HCL Tech.	1198.60
Wipro	197.95
Tech Mahindra	1463.05
View more..

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