What's next for Persistent in FY25? With a focus on generative A.I., Persistent's Q2 shows single-digit revenue and profit growth. CEO Sandeep Kalra states: 'We need to build capabilities; AI has helped us. Spending is easing, and companies are looking beyond the short-term. We've benefited from vendor optimization, though headcount has decreased by 282. A significant ramp-up is expected in the next 2-3 quarters, and our AI platform investments have received positive feedback.'
#persistentsystems #artificialintelligence #stockmarket
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