BROOMFIELD, Colo.--(BUSINESS WIRE)--DigitalOcean (NYSE: DOCN), the comprehensive agentic cloud, today announced a multi-year, eight-figure average per annum strategic partnership with Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, to make Artificial Intelligence (AI) more affordable, scalable, and secure for Digital Native Enterprises and developers worldwide. The collaboration will accelerate AI adoption by providing accessible and co ...

BROOMFIELD, Colo.--(BUSINESS WIRE)--DigitalOcean (NYSE: DOCN), the comprehensive agentic cloud, today announced a multi-year, eight-figure average per annum strategic partnership with Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, to make Artificial Intelligence (AI) more affordable, scalable, and secure for Digital Native Enterprises and developers worldwide. The collaboration will accelerate AI adoption by providing accessible and co ...

As part of this partnership, Persistent has selected DigitalOcean as its cloud and AI infrastructure provider for SASVAâ"¢, its AI-powered platform. SASVA seamlessly integrates code, documentation, architecture and executive summaries and adapts fluidly across a spectrum of workflows and roles. It leverages DigitalOcean Gradientâ"¢ AI Agentic Cloud to run its AI workloads and customer deployments reliably and cost-efficiently. This includes using DigitalOcean Gradient AI Platform for the full agent developm ...

Core Insights - Persistent Systems has been recognized as a 2025 Elevate Honors recipient in the 'Growth Honor of the Year' category by Everest Group, highlighting its strong growth trajectory and commitment to long-term value creation [1][2][6] Financial Performance - The company reported $1,470.7 million in trailing twelve-month (TTM) revenue as of Q1 FY26, achieving a 25.6% compound annual growth rate (CAGR) over four years (FY21–FY25) and a 17.4% CAGR since its IPO in 2010 [2] - Persistent has delivered 21 consecutive quarters of revenue growth, showcasing sustained momentum [2] - The company has achieved a five-year shareholder return of 1,805.2%, indicating exceptional value creation for investors [2] Growth Strategy - Persistent's growth is driven by a client-centric approach, deep market understanding, and the ability to leverage emerging technologies [3] - The company has implemented an AI-led, platform-driven services strategy, with offerings such as SASVA™, iAURA, and GenAI Hub [3] - A strong partner ecosystem and a world-class global talent base further reinforce Persistent's growth [3] Recognition and Future Aspirations - The Elevate Honors recognition was announced at the Everest Group Elevate event in Dallas, focusing on enterprise growth and customer impact [4] - The CEO of Persistent expressed gratitude for the recognition, emphasizing the company's disciplined execution and innovation mindset, with aspirations to become a $5 billion company by FY31 [5] Company Overview - Persistent Systems is a global services and solutions company specializing in AI-led, platform-driven Digital Engineering and Enterprise Modernization [7] - The company employs over 25,000 individuals across 18 countries and offers a comprehensive suite of services, including software engineering, product development, data analytics, cloud computing, and intelligent automation [7] - Persistent is part of key indices such as the MSCI India Index and has achieved carbon neutrality, reflecting its commitment to sustainability [7][8]