'US will be bigger growth engine than Europe for us'
Business Standard|July 23, 2024
The US, which has continued to grow at a consistent rate for the midcap information technology (IT) services and product engineering firm Persistent Systems, will be a higher growth engine than Europe and other regions, said the company's chief executive officer Sandeep Kalra.
ASHUTOSH MISHRA
'US will be bigger growth engine than Europe for us'

For Q1FY25, the company reported revenue of 2,737 crore, up 17.9 per cent year-on-year and up 5.7 per cent sequentially. The company signed total contract value deals of $462.8 million, up from $447.7 million in Q4 of FY24.

The management said that the Q1FY25 growth was the 17th consecutive quarter of growth. It said that with over 80 per cent of the company's revenue coming from the US market, the ability of the firm to consistently grow shows its capability to compete with the largest IT players.

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