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

Deal sizes are getting better than what they were traditionally, company says

Pune-based IT firm Persistent Systems, which has been investing in non-American markets as part of a long-term strategy to insulate itself from a decline in its US business, has seen the move pay off in the September quarter. Unlike other IT giants however, digital growth has not impacted their deal sizes, the company said.

“The European market has been a long-term strategy. We started to diversify in Europe and APAC two or three years ago. We have been creating a new team in Europe the past one year. Our acquisition in Australia last year has also started taking shape,”