Persistent Systems gains on launching rCloud 4 Universal Architecture

17 Oct 2013

Persistent Systems is currently trading at Rs. 713.40, up by 6.50 points or 0.92% from its previous closing of Rs. 706.90 on the BSE.

The scrip opened at Rs. 710.00 and has touched a high and low of Rs. 716.00 and Rs. 709.30 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 717.70 on 17-Oct-2013 and a 52 week low of Rs. 416.00 on 17-Oct-2012.

Last one week high and low of the scrip stood at Rs. 711.00 and Rs. 663.60 respectively. The current market cap of the company is Rs. 2,853.00 crore.

The promoters holding in the company stood at 38.96% while Institutions and Non-Institutions held 36.51% and 24.53% respectively.

Persistent Systems has unveiled its ‘rCloud 4 Universal Architecture’ with Instant Restore capabilities. An innovative cloud platform that meets the business continuity needs of businesses of all sizes, the new rCloud Universal Architecture is vendor agnostic, supporting one of the industry’s widest variety of physical and virtual backup solutions including Dell’s AppAssure, StorageCraft’s ShadowProtect, and VMWare’s ESX/vSphere.

Unlike competitive offerings, rCloud 4 enables customers to leverage existing, on premise, image based backups at a fraction of the cost of traditional disaster recovery solutions. The rCloud service protects both physical and virtual machines (VMs) from local server or on-site failures by replicating snapshots to the rCloud, identifying each snapshot as an instant recovery point. With the Universal Architecture Instant Restore feature, customers can restore any physical and virtual environment in a matter of minutes.

Persistent Systems is an OPD specialty company, offering the customers the benefits of offshore delivery. It designs, develops and maintains software systems and solutions, creates new applications and enhances the functionality of the customers’ existing software products. It delivers services across all stages of the product life-cycle, which enables it to work with a wide-range of customers and allows it to develop, enhance and deploy its customers’ software products.

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Persistent Systems Share Price

1684.50 8.15 (0.49%) Mar 05, 18:59
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323