Persistent Systems announced that the Board of Directors of the Company at its meeting held on 22 January 2025, inter alia, have recommended the interim dividend of Rs 20 per equity Share (i.e. 400%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Persistent Systems rose 30.36% to Rs 372.99 crore in the quarter ended December 2024 as against Rs 286.13 crore during the previous quarter ended December 2023. Sales rose 22.58% to Rs 3062.28 crore in the quarter ended December 2024 as against Rs 2498.22 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3062.282498.22 23 OPM %17.5617.69 - PBDT564.15468.03 21 PBT482.04389.30 24 NP372.99286.13 30 Powered by Capital Market - Live News

Persistent Systems has been assigned issuer rating of ICRA AA+; Stable. Powered by Capital Market - Live News

Persistent Systems announced the launch of ContractAssIst, an AI-driven contract management solution developed in collaboration with Microsoft. Powered by Microsoft Azure, Microsoft 365 Copilot, Microsoft Teams, and advanced AI technologies, ContractAssIst simplifies workflows, enhances collaboration, and reduces operational complexity, enabling enterprises to achieve greater efficiency and optimize costs. Many enterprises struggle with tracking and managing their high volume of contracts from various vendors, leading to inefficiencies and lost productivity. ContractAssIst leverages Microsoft`s robust technology ecosystem to deliver advanced contract management capabilities. Built on Azure AI, the solution ensures secure data handling, advanced search capabilities, and seamless compliance. It integrates with Microsoft 365 Copilot and Microsoft Teams, providing teams with real-time collaboration tools and AI-enabled decision support, while advanced models like GPT-3.5 and GPT-4 through Azure OpenAI Service enhance contract analysis with natural language processing. Observability tools like Elastic and Application Insights ensure scalability and transparency, making ContractAssIst a holistic contract management solution for enterprise needs. Addressing key challenges, ContractAssIst consolidates workflows into a centralized dashboard within Microsoft Teams. Its AI-powered chatbot enables conversational queries and offers intelligent suggestions within group chats, reducing delays and optimizing processes. Additional features include real-time version tracking, contract comparison, instant notifications, and approval summaries. Unlike other solutions on the market, which often rely on limited automation or standalone tools, ContractAssIst distinguishes itself through its deep integration with Microsoft technologies and its ability to deliver meaningful, timely intelligence. Its transparent and auditable workflows enhance internal contract management compliance, mitigating risks and ensuring that enterprises can optimize operations and make confident, data-driven decisions. Additional key benefits of ContractAssIst include:- Reduction in communication overhead with up to a 95% decrease in email communication- Enhanced productivity, saving 20-25 minutes per user daily through streamlined navigation and workflows - Significant cost savings, reducing annual licensing expenses Powered by Capital Market - Live News

Persistent Systems announced the launch of Pi-OmniKG, an advanced AI-driven knowledge graph solution developed with Google Cloud technology. �Omni� signifies the ability to universally handle diverse data, and �KG� stands for Knowledge Graphs powered by GenAI. This innovative solution empowers healthcare and life sciences (HCLS) organizations to accelerate biomedical research, streamline data mining processes, and deliver insights with greater speed and accuracy.Pi-OmniKG is built using Google Cloud`s advanced technologies � including the Vertex AI platform, BigQuery, and Cloud SQL � leveraging GenAI capabilities to streamline workflows, standardize data, and enable seamless integration of structured and unstructured datasets. Its intuitive interface allows researchers to query and visualize data, uncovering novel relationships and delivering high-quality insights backed by authentic citations.Persistent has been working with Google Cloud`s cutting-edge AI and cloud technologies for over a decade to deliver transformative solutions that address complex industry challenges. The launch of Pi-OmniKG builds on the Strategic Partnership Agreement Persistent announced in June 2024, which strengthens the collaboration between the two organizations to support Persistent`s development of AI-driven solutions across industries. It exemplifies Persistent`s vision of providing a smarter, faster, and more accessible way for HCLS organizations to process biomedical data and drive innovation.Powered by Capital Market - Live News