Eyeing $1-bn revenue, Persistent steps up recruitment, expansion

Pune-based mid-tier software development company Persistent Systems is targeting to become a billion-dollar-plus firm in the next three to five years. The company has also stepped up hiring and expansion of its global operations.

Persistent Systems closed the last fiscal with a revenue of $274.06 million at a growth rate of 15.2%. Talking to FE, Mritunjay Singh, the chief operating officer, Persistent Systems, said, “Once we are that size, it would give us a platform to go multi-billion. It is achievable and we plan to do that target in the next three to five years.”

The software company in its portfolio has an early stage venture capital fund to invest in those companies that are operating in the segments like social, mobile, analytics and colud computing.

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