Persistent Systems Ltd.

Persistent Systems, the global leader in software product and technology services, has entered into a strategic agreement with Hewlett Packard to license one of its software products, which is subject to customary closing conditions.

The company has reported 27.70% rise in its Q3 net profit at Rs 48.04 crore for the quarter ended December 31, 2012 as compared to Rs 37.62 crore for the same quarter in the previous year. Total income from operation of the company has increased by 26.79% at Rs 255.72 crore for quarter under review as compared to Rs 201.68 crore for the quarter ended December 31, 2011.

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.