Persistent Systems soars on expanding its collaboration integration services

Persistent Systems is currently trading at Rs. 358.00, up by 6.55 points or 1.86% from its previous closing of Rs. 351.45 on the BSE.

The scrip opened at Rs. 348.05 and has touched a high and low of Rs. 357.90 and Rs. 343.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 395.75 on 06-Jul-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. 361.00 and Rs. 343.00 respectively. The current market cap of the company is Rs. 1428.00 crore.

The promoters holding in the company stood at 38.95% while Institutions and Non-Institutions held 32.97% and 28.08% respectively

Persistent Systems, a leader in outsourced software product development (OPD) services, has expanded its collaboration integration services to include full application design and development including both browser-based OpenSocial widgets and HTML5 as well as native smart-phone and tablet mobile applications. Persistent Systems apps are built in an agile, iterative manner to ensure user adoption and to meet the dynamic changing needs an organization may have from its collaboration infrastructure.

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.