Europe, APAC deals to cut dependence on a single market: Persistent Systems

The higher focus on global revenues also materialises in the revenue contribution from their global delivery centers

Pune-based information technology (IT) firm Persistent Systems has seen its investments in non-US markets pay off in the September quarter, which the company says is part of its long-term strategy.

Unlike other IT giants, however, digital growth has not impacted their deal sizes, the company said.

“European market has been a long-term strategy. We started to diversify in Europe and APAC two-three years ago. We have been creating a new team in Europe since a year. Our acquisition in Australia last year has also started taking shape,” said Mritunjay Singh, president (services) and executive director, Persistent Systems. He, however, added that given